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Note 19 - Reportable Segments (Details) - Reconciliation of Reportable Segment Net Income (Loss) to Consolidated Net Income (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Segment Reporting, Revenue Reconciling Item [Line Items]        
Net Income $ 1,014 $ 408 $ 1,484 $ 1,540
Unallocated amounts:        
Net financing costs (1) (27) [1] (3) [1] (86) [1] (65) [1]
Stock-based compensation expense (19) (15) (47) (40)
Exploratory research (24) (29) (75) (80)
Corporate contributions (19) (7) (35) (32)
Equity in earnings of affiliated companies, net of impairments (2) 94 [2] 59 [2] 245 [2] 142 [2]
Asbestos settlement (5) (5) (11) (13)
Purchased collars and average rate forward contracts, net of tax 478 (46) 405 206
Other corporate items (3) 3 [3] (11) [3] (120) [3] 22 [3]
Reportable Segments [Member]
       
Segment Reporting, Revenue Reconciling Item [Line Items]        
Net Income 574 497 1,348 1,491
Non Reportable Segments [Member]
       
Segment Reporting, Revenue Reconciling Item [Line Items]        
Net Income $ (41) $ (32) $ (140) $ (91)
[1] Net financing costs include interest income, interest expense and investment gains associated with benefit plans.
[2] Primarily represents the equity earnings of Dow Corning, which, for the three months ended September 30, 2014, includes our portion of a mark-to-market loss on a derivative instrument of $(8) million (after-tax), an energy tax credit of $8 million (after-tax), and a foreign tax credit of $38 million (after-tax). For the nine months ended September 30, 2014, the equity earnings of Dow Corning included our portion of a mark-to-market gain on a derivative instrument of $29 million (after-tax). For the three and nine months ended September 30, 2013, the equity earnings of Dow Corning includes our portion of gains in the amounts of approximately $30 million for the resolution of contract disputes against customers relating to enforcement of long-term supply agreements and $16 million for the positive impact of the settlement of a derivative, along with a charge of $4 million related to the impact of a tax valuation allowance. Also included in the nine months ended September 30, 2013, an $11 million restructuring charge for our share of costs for headcount reductions and asset write-offs.
[3] For the nine months ended September 30, 2013, Corning recorded a $54 million tax benefit for the impact of the American Taxpayer Relief Act enacted on January 3, 2013 and made retroactive to 2012.