Provision for Income Taxes Provision for Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of Current and Deferred Income Tax Expense

5.  PROVISION FOR INCOME TAXES

	2014			2013			2012
Current tax expense on continuing operations:
U.S. federal	$	778		$	160		$	121
U.S. state and local	62			23			16
International	516			677			663
Total current tax expense on continuing operations	1,356			860			800
Deferred tax expense (benefit) on continuing operations:
U.S. federal	81			(193		)	(105		)
U.S. state and local	(44		)	(65		)	(46		)
International	(23		)	24			(33		)
Total deferred tax expense (benefit) on continuing operations	14			(234		)	(184		)
Provision for income taxes on continuing operations	$	1,370		$	626		$	616

Schedule of Significant Components of Deferred Tax Assets and Liabilities

	2014					2013
	Asset			Liability		Asset			Liability
Depreciation	$	—		$	1,612	$	—		$	1,707
Accrued employee benefits	5,258			555		3,754			512
Other accrued expenses	623			—		811			87
Inventories	305			156		275			151
Unrealized exchange gains/losses	—			165		65			—
Tax loss/tax credit carryforwards/backs	2,466			—		2,622			—
Investment in subsidiaries and affiliates	144			185		189			245
Amortization of intangibles	120			1,312		109			1,372
Other	328			91		316			159
Valuation allowance	(1,757		)	—		(1,764		)	—
	$	7,487		$	4,076	$	6,377		$	4,233
Net deferred tax asset	$	3,411				$	2,144

Analysis of Company's Effective Income Tax Rate

	2014		2013		2012
Statutory U.S. federal income tax rate	35.0	%	35.0	%	35.0	%
Exchange gains/losses1	7.4		0.8		0.1
Domestic operations	(2.1	)	(3.2	)	(2.3	)
Lower effective tax rates on international operations-net2	(11.3	)	(12.3	)	(10.9	)
Tax settlements	(0.6	)	(0.2	)	(2.0	)
Sale of a business	(0.3	)	—		—
U.S. research & development credit 2	(0.7	)	(2.2	)	—
	27.4	%	17.9	%	19.9	%

^1.  Principally reflects the impact of foreign exchange losses on net monetary assets for which no corresponding tax benefit is realized. Further information about the company's foreign currency hedging program is included in Note 19 under the heading Foreign Currency Risk.

^2.  On January 2, 2013, U.S. tax law was enacted which extended through 2013 (and retroactive to 2012) several expired or expiring temporary business tax provisions. In accordance with GAAP, this extension was taken into account in the quarter in which the legislation was enacted (i.e. first quarter 2013).

Consolidated Income Before Income Taxes for U.S. and International Operations

	2014		2013		2012
U.S. (including exports)	$	2,780	$	962	$	640
International	2,211		2,527		2,448
Income from continuing operations before income taxes	$	4,991	$	3,489	$	3,088

Reconciliation of the Beginning and Ending Amounts of Unrecognized Tax Benefits

	2014			2013			2012
Total unrecognized tax benefits as of January 1	$	901		$	805		$	800
Gross amounts of decreases in unrecognized tax benefits as a result of tax positions      taken during the prior period	(50		)	(28		)	(94		)
Gross amounts of increases in unrecognized tax benefits as a result of tax positions      taken during the prior period	84			76			73
Gross amounts of increases in unrecognized tax benefits as a result of tax positions      taken during the current period	92			92			78
Amount of decreases in the unrecognized tax benefits relating to settlements with taxing      authorities	(15		)	(19		)	(29		)
Reduction to unrecognized tax benefits as a result of a lapse of the applicable statute of      limitations	(3		)	(6		)	(10		)
Exchange gain	(23		)	(19		)	(13		)
Total unrecognized tax benefits as of December 31	$	986		$	901		$	805
Total unrecognized tax benefits that, if recognized, would impact the effective tax rate	$	818		$	778		$	693
Total amount of interest and penalties recognized in the Consolidated Income Statements	$	5		$	16		$	4
Total amount of interest and penalties recognized in the Consolidated Balance Sheets	$	117		$	122		$	116