XML 13 R54.htm IDEA: XBRL DOCUMENT v2.4.0.6
Income taxes (Details) (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Income before income taxes [Abstract]      
Income before income taxes - U.S. $ 319,000,000 $ 1,791,000,000 $ 3,769,000,000
Income before income taxes - Non-U.S. 1,616,000,000 1,164,000,000 782,000,000
Income before income taxes 1,935,000,000 2,955,000,000 4,551,000,000
Provision (benefit) for income taxes [Abstract]      
U.S. Federal - Current (43,000,000) 692,000,000 1,401,000,000
U.S. Federal - Deferred 0 (154,000,000) (188,000,000)
Total U.S. Federal income taxes (43,000,000) 538,000,000 1,213,000,000
Non-U.S. - Current 156,000,000 138,000,000 92,000,000
Non-U.S. - Deferred 65,000,000 24,000,000 (2,000,000)
Total Non-U.S. income taxes 221,000,000 162,000,000 90,000,000
U.S. State - Current (2,000,000) 8,000,000 18,000,000
U.S. State - Deferred 0 11,000,000 2,000,000
Total U.S. State income taxes (2,000,000) 19,000,000 20,000,000
Total current income tax expense (benefit) 111,000,000 838,000,000 1,511,000,000
Total deferred income tax expense (benefit) 65,000,000 (119,000,000) (188,000,000)
Total provision for income taxes 176,000,000 719,000,000 1,323,000,000
Principal reconciling items from income tax computed at statutory federal rate      
Computed tax at statutory rate 677,000,000 1,034,000,000 1,593,000,000
Non-U.S. effective tax rates (345,000,000) (245,000,000) (184,000,000)
U.S. tax benefit for manufacturing (158,000,000) (31,000,000) (63,000,000)
Impact of changes to uncertain tax positions (88,000,000) 0 0
Non-deductible expenses 42,000,000 27,000,000 10,000,000
U.S. R&D tax credit 0 (58,000,000) (54,000,000)
Other 48,000,000 (8,000,000) 21,000,000
Total provision for income taxes 176,000,000 719,000,000 1,323,000,000
Income tax reconciliation, Discrete Tax Benefit, U.S. Benefit for Manufacturing 252,000,000    
Deferred income tax assets [Abstract]      
Inventories and related reserves 734,000,000 913,000,000  
Deferred loss and tax credit carryforwards 382,000,000 400,000,000  
Stock-based compensation 366,000,000 357,000,000  
Postretirement benefit costs recognized in AOCI 357,000,000 431,000,000  
Accrued expenses 331,000,000 322,000,000  
Other 209,000,000 122,000,000  
Subtotal 2,379,000,000 2,545,000,000  
Less valuation allowance (221,000,000) (178,000,000)  
Total deferred income tax assets 2,158,000,000 2,367,000,000  
Deferred income tax liabilities [Abstract]      
Acquisition-related intangibles and fair-value adjustments (921,000,000) (1,030,000,000)  
Accrued retirement costs (defined benefit and retiree health care) (243,000,000) (180,000,000)  
Property, plant and equipment (131,000,000) (141,000,000)  
International earnings (102,000,000) (92,000,000)  
Other (11,000,000) (36,000,000)  
Total deferred income tax liabilities (1,408,000,000) (1,479,000,000)  
Net deferred income tax asset 750,000,000 888,000,000  
Balance Sheet Classification of Deferred Tax Assets and Liabilities [Abstract]      
Current deferred income tax assets 1,044,000,000 1,174,000,000  
Noncurrent deferred income tax assets 280,000,000 321,000,000  
Current deferred income tax liabilities (2,000,000) 0  
Noncurrent deferred income tax liabilities (572,000,000) (607,000,000)  
Deferred tax asset, change in amount related to unutilized tax credits 43,000,000    
Tax loss carryforward, US and non-US 175,000,000    
Tax loss carryforward, US and non-US, set to expire 0    
Amount of undistributed foreign earnings 5,540,000,000    
Cash payments for income taxes 171,000,000 902,000,000 1,470,000,000
Changes in total amounts of uncertain tax positions [Roll Forward]      
Beginning balance 210,000,000 103,000,000 56,000,000
Additions based on tax positions related to the current year 12,000,000 15,000,000 12,000,000
Additions from the acquisition of National 0 132,000,000 0
Additions for tax positions of prior years 45,000,000 3,000,000 50,000,000
Reductions for tax positions of prior years (92,000,000) (39,000,000) (12,000,000)
Settlements with tax authorities 39,000,000 (4,000,000) (3,000,000)
Expiration of the statute of limitations for assessing taxes (30,000,000) 0 0
Ending balance 184,000,000 210,000,000 103,000,000
Interest income (expense) recognized in the year ended December 31 32,000,000 1,000,000 (2,000,000)
Interest receivable (payable) as of December 31 8,000,000 (3,000,000) 5,000,000
Unrecognized tax benefits 184,000,000 210,000,000 103,000,000
The amount of uncertain tax positions that would impact the effective tax rate if realized 159,000,000 233,000,000  
Amount of deferred tax assets possibly to be realized 78,000,000 83,000,000  
Unrecognized Tax Benefits, Relief from Double Taxation, Audit Assessments Not Yet Made 60,000,000    
Unrecognized Tax Benefits, Relief from Double Taxation, Audit Assessment in Process 30,000,000    
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Estimated Range of Change, Lower Bound 30,000,000    
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Estimated Range of Change, Upper Bound 60,000,000    
Increase Liability for Transfer Pricing Issues [Member]
     
Changes in total amounts of uncertain tax positions [Roll Forward]      
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit 10,000,000    
Settlement with Taxing Authority [Member]
     
Changes in total amounts of uncertain tax positions [Roll Forward]      
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit $ 30,000,000