Fair Value Measurements and Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

Derivative financial instruments designated and non-designated as hedging instruments are included in the Company’s consolidated balance sheets at June 30, 2014 and December 31, 2013, as follows:

	Assets					Liabilities
Risk Hedged	Classification	June 30 2014		December 31 2013		Classification	June 30 2014		December 31 2013
	(Dollars in Millions)
Designated
Foreign currency	Other current assets	$	12	$	4	Other current assets	$	1	$	—
Foreign currency	Other current liabilities	—		2		Other current liabilities	—		4
Non-designated
Foreign currency	Other current assets	6		3		Other current assets	—		1
		$	18	$	9		$	1	$	5

	Gross Amount Recognized				Gross Amount Offset in the Statement of Financial Position				Net Amount Presented in the Statement of Financial Position
	June 30		December 31		June 30		December 31		June 30		December 31
Foreign currency derivatives	2014		2013		2014		2013		2014		2013
	(Dollars in Millions)
Assets
Designated	$	12	$	4	$	1	$	—	$	11	$	4
Non-designated	6		3		—		1		6		2
	$	18	$	7	$	1	$	1	$	17	$	6
Liabilities
Designated	$	—	$	4	$	—	$	2	$	—	$	2
	$	—	$	4	$	—	$	2	$	—	$	2

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

Gains and losses on derivative financial instruments recorded in Cost of sales for the three and six-month periods ended June 30, 2014 and 2013, were as follows:

	Recorded in AOCI, net of tax					Reclassified from AOCI into Income					Recorded in Income
	2014		2013			2014		2013			2014			2013
	(Dollars in Millions)
Three Months Ended June 30:
Cash flow hedges	$	7	$	(5	)	$	11	$	(1	)	$	—		$	—
Non-designated cash flow hedges	—		—			—		—			1			—
	$	7	$	(5	)	$	11	$	(1	)	$	1		$	—
Six Months Ended June 30:
Cash flow hedges	$	5	$	(11	)	$	11	$	4		$	—		$	—
Non-designated cash flow hedges	—		—			—		—			(1		)	1
	$	5	$	(11	)	$	11	$	4		$	(1	)	$	1

Schedules of Concentration of Risk, by Risk Factor [Table Text Block]

With the exceptions below, the Company’s credit risk with any individual customer does not exceed ten percent of total accounts receivable at June 30, 2014 and December 31, 2013, respectively.

	June 30 2014	December 31 2013
Ford and its affiliates	24%	20%
Hyundai Mobis Company	15%	15%
Hyundai Motor Company	10%	9%