Redeemable Noncontrolling Interest (Tables)

12 Months Ended

Dec. 31, 2013

Temporary Equity Disclosure [Abstract]

Movement in redeemable noncontrolling interest

The movement in redeemable noncontrolling interest during the years ended December 31, 2013, 2012 and 2011 was as follows:



(in millions)
Redeemable noncontrolling interest at January 1, 2011	$	1,188
Share of net earnings	97
Dividend payments	(73		)
Currency translation	—
Redeemable noncontrolling interest at December 31, 2011	$	1,212
Share of net earnings	171
Dividend payments	(105		)
Currency translation	25
Net loss and prior service cost	(2		)
Redeemable noncontrolling interest at December 31, 2012	$	1,301
Share of net earnings	99
Dividend payments	(94		)
Currency translation losses	(33		)
Net loss and prior service cost	2
Termination of rights agreement	(1,275		)
Redeemable noncontrolling interest at December 31, 2013	$	—

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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