INCOME TAXES (Tables)

9 Months Ended

Sep. 30, 2013

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The table below reconciles the U.S. statutory rate to the Company’s effective tax rate for each period presented (in millions of dollars):

	Three Months Ended September 30,
	2013					2012
Income tax expense at federal statutory rate	$	24		35.0	%	$	36		35.0	%
REIT income not subject to tax	(11		)	(15.7	)	(6		)	(5.9	)
Other	1			0.5		(2		)	(2.3	)
Income tax expense before discrete items	14			19.8	%	28			26.8	%
Exchange of AFMC for CBPC	—			—		(3		)	(3.1	)
Other	(2		)	(3.3	)	(1		)	(0.5	)
Income tax expense as reported	$	12		16.5	%	$	24		23.2	%

	Nine Months Ended September 30,
	2013					2012
Income tax expense at federal statutory rate	$	98		35.0	%	$	88		35.0	%
REIT income not subject to tax	(37		)	(13.2	)	(18		)	(7.2	)
Other	(1		)	(0.5	)	(3		)	(1.3	)
Income tax expense before discrete items	60			21.3	%	67			26.5	%
Exchange of AFMC for CBPC	(19		)	(6.7	)	(12		)	(4.6	)
Gain related to consolidation of New Zealand joint venture	(5		)	(2.0	)	—			—
Other	(5		)	(1.5	)	(1		)	(0.4	)
Income tax expense as reported	$	31		11.1	%	$	54		21.5	%