- Definition

Description of the accounting treatment if the carrying value of the redeemable stock that is classified as temporary equity is different from the redemption amount. 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.

+ References+ Details

Business Acquisitions, Investments and Redeemable Noncontrolling Interests (Redeemable Noncontrolling Interests) (Details) (SINFA [Member])	1 Months Ended	12 Months Ended
	Mar. 31, 2007	Nov. 29, 2014	Mar. 07, 2007
SINFA [Member]
Business Acquisition [Line Items]
Business acquisition, effective date of acquisition	Mar. 07, 2007
Noncontrolling interest, percentage			80.00%
Business acquisition, name of acquired entity	Sinfa SA
Business acquisition, description of acquired entity	manufacturer of automotive and heavy-duty engine filters
Noncontrolling interest held by noncontrolling owners			20.00%
Temporary equity, accounting treatment		The Redeemable noncontrolling interests will be accreted to the redemption price, through equity, at the point at which the redemption becomes probable