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Supplemental financial information
 12 Months Ended
Dec. 31, 2013
Supplemental Financial Information [Abstract]  
Supplemental financial information
Supplemental financial information

Other Income (Expense), Net
 
 
2013
 
2012
 
2011
Interest income
 
$
10

 
$
8

 
$
11

Net gains on investments
 
18

 
18

 
6

Tax interest income (expense)
 
(10
)
 
32

 
1

Other (a)
 
(1
)
 
(11
)
 
(13
)
Total
 
$
17

 
$
47

 
$
5

(a) Includes lease income of approximately $15 million per year, primarily from the purchaser of a former business. As of December 31, 2013, the aggregate amount of non-cancellable future lease payments to be received from these leases is $54 million. These leases contain renewal options. Other also includes miscellaneous non-operational items such as losses related to former businesses, including settlements in 2012 and 2011; gains and losses from currency exchange rate changes; and gains and losses from our derivative financial instruments, primarily forward foreign currency exchange contracts.

Prepaid Expenses and Other Current Assets
 
 
December 31,
 
 
2013
 
2012
Prepaid taxes on intercompany inventory profits (a)
 
$
667

 
$
571

Other prepaid expenses and current assets
 
196

 
234

Prepaid expenses and other current assets
 
$
863

 
$
805

(a) See Note 7 for additional details.

Property, Plant and Equipment at Cost
 
 
Depreciable Lives
(Years)
 
December 31,
 
 
 
2013
 
2012
Land
 
—
 
$
175

 
$
189

Buildings and improvements
 
5 - 40
 
2,913

 
3,006

Machinery and equipment
 
3 - 10
 
3,468

 
3,696

Total
 
 
 
$
6,556

 
$
6,891


Accrued Expenses and Other Liabilities
 
 
December 31,
 
 
2013
 
2012
Severance and related expenses
 
$
158

 
$
217

Customer incentive programs and allowances
 
143

 
213

Property and other non-income taxes
 
108

 
127

Other
 
242

 
324

Total
 
$
651

 
$
881



Accumulated Other Comprehensive Income (Loss), Net of Taxes
 
 
December 31,
 
 
2013
 
2012
Postretirement benefit plans:
 
 
 
 

Net actuarial loss
 
$
(525
)
 
$
(701
)
Net prior service credit
 
1

 
7

Cash flow hedge derivative
 
(4
)
 
(5
)
Total
 
$
(528
)
 
$
(699
)


Details on amounts reclassified out of Accumulated other comprehensive income (loss), net of taxes to Net income
In conformance with ASU No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, the table below details where reclassifications out of AOCI are recorded on the Consolidated statements of income.
Details about AOCI Components
 
2013
 
Related Statement of
Income Line
Net actuarial gains (losses) of defined benefit plans (a)
 
$
108

 
Pension expense (b)
Tax benefit (expense)
 
(37
)
 
Provision for income taxes
Reclassification to Net income, net of taxes
 
$
71

 
Net income
 
 
 
 
 
Prior service cost of defined benefit plans (c)
 
$
(5
)
 
Pension expense (b)
Tax benefit (expense)
 
2

 
Provision for income taxes
Reclassification to Net income, net of taxes
 
$
(3
)
 
Net income
 
 
 
 
 
Derivative instrument
 
$
2

 
Interest and debt expense
Tax benefit (expense)
 
(1
)
 
Provision for income taxes
Reclassification to Net income, net of taxes
 
$
1

 
Net income
(a)
Equals the sum of Recognized net actuarial loss and Settlement losses as detailed in Note 11.
(b)
Pension expense is included in the computation of total employee benefit cost, which is allocated to COR, R&D, SG&A and Restructuring charges/other in the Consolidated statements of income.
(c)
Equals the sum of Amortization of prior service cost (credit) and Curtailment losses (gains), as detailed in Note 11.