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Other Income, Net (Schedule of Other Income) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Component of Other Income [Line Items]        
Net exchange gains (losses) $ 26 $ (109) [1] $ 90 [1] $ (205) [1]
Total 283 408 481 425
Other Income [Member]        
Component of Other Income [Line Items]        
Royalty income 32 34 71 72
Interest income 40 43 65 71
Equity in earnings of affiliates, net 21 9 30 22
Net gain on sales of businesses and other assets 25 404 31 411
Net exchange gains (losses) [2] 26 (109) 90 (205)
Miscellaneous income and expenses, net [3] 139 27 194 54
Total 283 408 481 425
Adjustments [Member]        
Component of Other Income [Line Items]        
Net exchange gains (losses) $ 88      
Foreign currency loss due to devaluation of Venezuelan Bolivar [Member]        
Component of Other Income [Line Items]        
Net exchange gains (losses)   (58)   (58)
Foreign currency loss due to devaluation of Ukrainian hryvnia [Member]        
Component of Other Income [Line Items]        
Net exchange gains (losses)   $ (7) $ (32) (46)
Foreign currency loss due to devaluation of Argentinian peso [Member]        
Component of Other Income [Line Items]        
Net exchange gains (losses)       $ (14)
[1] Included a charge of $(40) associated with remeasuring the company's Ukrainian hryvnia net monetary assets in the six months ended June 30, 2015, as well as a charge of $(58) associated with remeasuring the company's Venezuelan net monetary assets from the official exchange rate to the SICAD II exchange system in the three and six months ended June 30, 2014, which were recorded in other income, net in the company's interim Consolidated Income Statements. See Note 4 for additional information.
[2] The company routinely uses foreign currency exchange contracts to offset its net exposures, by currency, related to the foreign currency-denominated monetary assets and liabilities. The objective of this program is to maintain an approximately balanced position in foreign currencies in order to minimize, on an after-tax basis, the effects of exchange rate changes on net monetary asset positions. The net pre-tax exchange gains (losses) are recorded in other income, net and the related tax impact is recorded in provision for income taxes on the company's interim Consolidated Income Statements. The $26 net exchange gain (loss) for the three months ended June 30, 2015, was driven by an $88 adjustment for gains, attributable to the first quarter 2015, on foreign exchange contracts. These contracts were used to align the hedge portfolio to the revised currency exposure of certain foreign entities associated with their change in functional currency during the first quarter of 2015 resulting from the Performance Chemicals separation, coupled with the company's redesign initiative. The impact of the adjustment was not material to either period. The increase in year-to-date pre-tax exchange gains over prior year was driven by gains on foreign currency contracts due to strengthening of the USD versus global currencies partially offset by losses on the related foreign currency-denominated monetary assets and liabilities. The $90 net exchange gain (loss) for the six months ended June 30, 2015, includes a net $(32) pre-tax exchange loss associated with the devaluation of the Ukrainian hryvnia. The $(109) net exchange loss for the three months ended June 30, 2014, includes $(58) and $(7) exchange losses, associated with the devaluation of the Venezuelan bolivar and Ukrainian hryvnia, respectively. The $(205) net exchange loss for the six months ended June 30, 2014, includes $(58), $(46) and $(14) exchange losses, associated with the devaluation of the Venezuela bolivar, Ukrainian hryvnia, and Argentinian peso, respectively.
[3] Miscellaneous income and expenses, net, includes interest items, certain insurance recoveries and litigation settlements and other items.