Change in Accounting Principles

12 Months Ended

Dec. 31, 2015

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Changes in Accounting Principles [Text Block]

Note 2—Changes in Accounting Principles

We adopted the provisions of Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity,” on a prospective basis, beginning January 1, 2015. The ASU amends the criteria for reporting discontinued operations to include only disposals representing a strategic shift in operations that have or will have a major effect on an entity’s operations and financial results. The ASU also requires entities to provide additional disclosures about discontinued operations as well as certain other significant disposal transactions that do not meet the revised discontinued operations reporting criteria. The adoption of this ASU did not have a material impact on our consolidated financial statements and disclosures. See Note 3—Discontinued Operations, and Note 6—Assets Held for Sale or Sold, for additional information on our dispositions.

Effective December 31, 2015, we early adopted, on a prospective basis, FASB ASU No. 2015-17, “Balance Sheet Classification of Deferred Taxes.” The ASU requires all deferred tax assets and liabilities, along with any related valuation allowances, to be offset and presented as a single noncurrent amount in a classified balance sheet for each tax-paying component within a tax jurisdiction. See Note 19—Income Taxes, for additional information.