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Supplemental Financial Information
12 Months Ended
Dec. 31, 2015
Disclosure Text Block Supplement [Abstract]  
Supplemental financial information

13. Supplemental financial information

Acquisition charges

We incurred various costs as a result of the 2011 acquisition of National that are included in Other for segment reporting purposes, consistent with how management measures the performance of its segments. For the years ended December 31, 2015, 2014 and 2013, Acquisition charges were primarily from the ongoing amortization of intangible assets resulting from the National acquisition. See Note 9 for additional information.

Other Income (Expense), Net (OI&E)

 

 

For Years Ended December 31,

 

 

2015

 

 

2014

 

 

2013

 

Lease income

$

 

14

 

 

$

 

14

 

 

$

 

14

 

Tax interest income (expense)

 

 

8

 

 

 

 

6

 

 

 

 

(10

)

Interest income

 

 

6

 

 

 

 

7

 

 

 

 

10

 

Currency exchange gains (losses)

 

 

5

 

 

 

 

(4

)

 

 

 

(2

)

Investment gains (losses)

 

 

3

 

 

 

 

5

 

 

 

 

18

 

Other

 

 

(4

)

 

 

 

(7

)

 

 

 

(13

)

Total

$

 

32

 

 

$

 

21

 

 

$

 

17

 

 

Prepaid Expenses and Other Current Assets

 

 

December 31,

 

 

2015

 

 

2014

 

Prepaid taxes on intercompany inventory profits, net

$

 

801

 

 

$

 

693

 

Other prepaid expenses and current assets

 

 

199

 

 

 

 

157

 

Total

$

 

1,000

 

 

$

 

850

 

 

Property, Plant and Equipment at Cost

 

 

Depreciable

 

December 31,

 

 

Lives (Years)

 

2015

 

 

2014

 

Land

n/a

 

$

 

127

 

 

$

 

137

 

Buildings and improvements

5 - 40

 

 

 

2,789

 

 

 

 

2,801

 

Machinery and equipment

3 - 10

 

 

 

2,549

 

 

 

 

3,328

 

Total

 

 

$

 

5,465

 

 

$

 

6,266

 

 

Accumulated Other Comprehensive Income (Loss), Net of Taxes (AOCI)

 

 

December 31,

 

 

2015

 

 

2014

 

Postretirement benefit plans:

 

 

 

 

 

 

 

 

 

Net actuarial loss

$

 

(550

)

 

$

 

(529

)

Prior service credit

 

 

20

 

 

 

 

 

Cash flow hedge derivative

 

 

(2

)

 

 

 

(3

)

Total

$

 

(532

)

 

$

 

(532

)

 

Details on amounts reclassified out of Accumulated other comprehensive income (loss), net of taxes, to Net income

Our Consolidated Statements of Comprehensive Income include items that have been recognized within Net income during the years ended December 31, 2015, 2014 and 2013. The table below details where on the Consolidated Statements of Income these transactions are recorded.

 

 

 

For Years Ended

 

 

Impact to

 

 

December 31,

 

 

Related Statement

Details about AOCI Components

 

2015

 

 

2014

 

 

2013

 

 

of Income Line

Net actuarial gains (losses) of defined benefit plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Recognized net actuarial loss and Settlement losses (a)

 

$

 

78

 

 

$

 

63

 

 

$

 

108

 

 

Increase to Pension expense (b)

Tax effect

 

 

 

(25

)

 

 

 

(21

)

 

 

 

(37

)

 

Decrease to Provision for income taxes

Recognized within Net income, net of taxes

 

$

 

53

 

 

$

 

42

 

 

$

 

71

 

 

Decrease to Net income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service (cost) credit of defined benefit plans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of prior service cost (credit) and Curtailment gain (a)

 

$

 

 

 

$

 

 

 

$

 

(5

)

 

Decrease to Pension expense (b)

Tax effect

 

 

 

 

 

 

 

 

 

 

 

2

 

 

Increase to Provision for income taxes

Recognized within Net income, net of taxes

 

$

 

 

 

$

 

 

 

$

 

(3

)

 

Increase to Net income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of treasury rate locks

 

$

 

2

 

 

$

 

2

 

 

$

 

2

 

 

Increase to Interest and debt expense

Tax effect

 

 

 

(1

)

 

 

 

(1

)

 

 

 

(1

)

 

Decrease to Provision for income taxes

Recognized within Net income, net of taxes

 

$

 

1

 

 

$

 

1

 

 

$

 

1

 

 

Decrease to Net income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a) Detailed in Note 10.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(b) Pension expense is included in COR, R&D, SG&A and Restructuring charges/other in the Consolidated Statements of Income.