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Changes in Equity
9 Months Ended
Sep. 30, 2011
Changes in Equity
Note 9.  Changes in Equity

The following table presents changes in consolidated equity attributable to parent and noncontrolling interests:
 
   
2011
   
2010
 
Three Months Ended September 30,
 
Attributable
to Parent
   
Attributable
to Non-
controlling
Interests
   
Total
Equity
   
Attributable
to Parent
   
Attributable
to Non-
controlling
Interests
   
Total
Equity
 
                                     
Balance, June 30
  $ 1,821     $ 104     $ 1,925     $ 1,572     $ 98     $ 1,670  
Net income
    110       2       112       46       1       47  
Currency translation adjustments
    (158 )     (2 )     (160 )     81       3       84  
Defined benefit plans
    5               5       7               7  
Reclassification to net gain of divestiture's cumulative translation adjustment
    (1 )             (1 )                        
Unrealized investment gains (losses) and other
    (19 )             (19 )     1               1  
Other comprehensive income (loss)
    (173 )     (2 )     (175 )     89       3       92  
Total comprehensive income (loss)
    (63 )     -       (63 )     135       4       139  
Other changes in equity:
                                               
Return of capital
                                    (3 )     (3 )
Preferred stock dividends
    (8 )             (8 )     (8 )             (8 )
Stock compensation
    4               4       3               3  
Common stock dividends
            (2 )     (2 )             (1 )     (1 )
Ending Balance, September 30
  $ 1,754     $ 102     $ 1,856     $ 1,702     $ 98     $ 1,800  
                                                 
Nine Months Ended September 30,
                                               
                                                 
Balance, December 31
  $ 1,687     $ 99     $ 1,786     $ 1,680     $ 100     $ 1,780  
Net income
    148       9       157       24       3       27  
Currency translation adjustments
    (75 )     (1 )     (76 )     (11 )     4       (7 )
Defined benefit plans
    20               20       13               13  
Reclassification to net (gain) loss of divestiture's cumulative translation adjustment
    (1 )             (1 )     10               10  
Unrealized investment gains (losses) and other
    (18 )             (18 )                        
Other comprehensive income (loss)
    (74 )     (1 )     (75 )     12       4       16  
Total comprehensive income
    74       8       82       36       7       43  
Other changes in equity:
                                               
Return of capital
                                    (3 )     (3 )
Preferred stock dividends
    (23 )             (23 )     (24 )             (24 )
Stock compensation
    16               16       10               10  
Common stock dividends
            (5 )     (5 )             (6 )     (6 )
Ending Balance, September 30
  $ 1,754     $ 102     $ 1,856     $ 1,702     $ 98     $ 1,800  

The net income attributable to noncontrolling interests reported for the first three months of 2011 included a $3 charge to correct the amounts reported in 2010.  This amount is not material to the current year-to-date period or to the prior periods to which it relates.

The U.S. income included in other comprehensive income (OCI) for the nine months ended September 30, 2010 coincided with a pre-tax loss for those operations.  As a result, we charged tax expense of $14 to OCI, currency translation adjustments, during the third quarter and first nine months of 2010 to recognize the income tax expense associated with the components of OCI.  An offsetting income tax benefit was attributed to operations even though valuation allowances have been established against U.S. deferred tax assets.  The benefit recognized in the statement of operations was limited to $7 due to interperiod tax allocation rules and $7 was deferred in other current liabilities.  See Note 15 for additional information on accounting for income taxes.