XML 62 R30.htm IDEA: XBRL DOCUMENT v2.4.1.9
Risk Management (Tables)
12 Months Ended
Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule Of Largest Notional Amounts Of The Positions To Buy Or Sell Foreign Currency
The following table shows the five largest net notional amounts of the positions to buy or sell foreign currency as of December 31, 2014 and the corresponding positions as of December 31, 2013:
 
Notional Amount
Net Buy (Sell) by Currency
2014
 
2013
Euro
$
214

 
$
(132
)
Chinese Renminbi
(161
)
 
(181
)
Norwegian Krone
(90
)
 
(95
)
Australian Dollar
(42
)
 
(17
)
British Pound
34

 
257

Summary Of Fair Values And Location In Condensed Consolidated Balance Sheet
The following tables summarize the fair values and location in the consolidated balance sheets of all derivative financial instruments held by the Company at December 31, 2014 and 2013
 
Fair Values of Derivative Instruments
 
Assets
 
Liabilities
December 31, 2014
Fair
Value
 
Balance
Sheet
Location
 
Fair
Value
 
Balance
Sheet
Location
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
Foreign exchange contracts
1

 
Other assets
 
5

 
Other liabilities
Interest agreements

 
Other assets
 
2

 
Other liabilities
Total derivatives
$
1

 
 
 
$
7

 
 
 
 
Fair Values of Derivative Instruments
 
Assets
 
Liabilities
December 31, 2013
Fair
Value
 
Balance
Sheet
Location
 
Fair
Value
 
Balance
Sheet
Location
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
Foreign exchange contracts
$

 
Other assets
 
$
1

 
Other liabilities
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
Foreign exchange contracts
4

 
Other assets
 
1

 
Other liabilities
Interest agreements

 
Other assets
 
3

 
Other liabilities
Total derivatives not designated as hedging instruments
4

 
 
 
4

 
 
Total derivatives
$
4

 
 
 
$
5

 
 
Summary Of Derivative Instruments And The Effect On The Condensed Consolidated Statements Of Operations
The following table summarizes the effect of derivative instruments in the Company's consolidated statements of operations, including immaterial amounts related to discontinued operations, for the years ended December 31, 2014, 2013 and 2012
 
December 31
Statement of
Operations Location
Gain (Loss) on Derivative Instruments
2014
 
2013
 
2012
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
Interest rate contracts
$
1

 
$
2

 
$
(1
)
Other income (expense)
Foreign exchange contracts
(5
)
 
6

 
(13
)
Other income (expense)
Total derivatives not designated as hedging instruments
$
(4
)
 
$
8

 
$
(14
)
 
The following table summarizes the gains and losses reclassified from Accumulated other comprehensive loss into Net earnings (loss), including immaterial amounts related to discontinued operations, for the years ended December 31, 2014, 2013 and 2012
 
December 31
Financial Statement
Location
Foreign Exchange Contracts
2014
 
2013
 
2012
Derivatives in cash flow hedging relationships
 
 
 
 
 
 
Other comprehensive gains (losses) before reclassifications
$

 
$
(1
)
 
$
3

Accumulated other
comprehensive loss
Gains (losses) reclassified from Accumulated other comprehensive loss into Net earnings (loss)
(1
)
 
1

 
(1
)
Cost of sales
Accumulated Other Comprehensive Income (Loss) Within The Consolidated Statements Of Stockholders' Equity
Derivative instruments activity, net of tax, included in Accumulated other comprehensive loss within the consolidated statements of stockholders’ equity for the years ended December 31, 2014, 2013 and 2012 were as follows: 
 
2014
 
2013
 
2012
Balance at January 1
$
(1
)
 
$
1

 
$
(3
)
Increase (decrease) in fair value

 
(1
)
 
3

Reclassifications to earnings, net of tax
1

 
(1
)
 
1

Balance at December 31
$

 
$
(1
)
 
$
1