XML 42 R30.htm IDEA: XBRL DOCUMENT v3.4.0.3
Stockholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2016
Stockholders' Equity Note [Abstract]  
Schedule of Comprehensive Income (Loss)
 
Three Months Ended
Three Months Ended
Affected Line Item in Consolidated Income Statements
 
March 31, 2016
March 31, 2015
 
Pre-Tax
Tax
After-Tax
Pre-Tax
Tax
After-Tax
 
Cumulative translation adjustment(1)
$
170

$
—

$
170

$
(1,189
)
$
—

$
(1,189
)
 
Net revaluation and clearance of cash flow hedges to earnings:
 
 
 
 
 
 
 
Additions and revaluations of derivatives designated as cash flow hedges
16

(6
)
10

(22
)
6

(16
)
See (2) below
Clearance of hedge results to earnings:
 
 
 
 
 
 
 
Foreign currency contracts
—

—

—

(8
)
3

(5
)
Net sales
Commodity contracts
11

(4
)
7

15

(6
)
9

Cost of goods sold
Net revaluation and clearance of cash flow hedges to earnings
27

(10
)
17

(15
)
3

(12
)
 
Pension benefit plans:
 
 
 
 
 
 
 
Net loss
(1,191
)
428

(763
)
(4
)
1

(3
)
See (2) below
Effect of foreign exchange rates
1

—

1

100

(27
)
73

See (2) below
Reclassifications to net income:
 
 
 
 
 
 
 
Amortization of prior service benefit
(2
)
1

(1
)
(2
)
1

(1
)
See (3) below
Amortization of loss
172

(60
)
112

209

(74
)
135

See (3) below
Curtailment loss
49

(17
)
32

—

—

—

See (3) below
Settlement loss
1

(1
)
—

5

(2
)
3

See (3) below
Pension benefit plans, net
(970
)
351

(619
)
308

(101
)
207

 
Other benefit plans:
 
 
 
 
 
 
 
Net loss
(124
)
45

(79
)
—

—

—

See (2) below
Reclassifications to net income:
 
 
 
 
 
 
 
Amortization of prior service benefit
(39
)
13

(26
)
(52
)
19

(33
)
See (3) below
Amortization of loss
17

(7
)
10

19

(7
)
12

See (3) below
Curtailment gain
(30
)
10

(20
)
—

—

—

See (3) below
Other benefit plans, net
(176
)
61

(115
)
(33
)
12

(21
)
 
Net unrealized loss on securities:
 
 
 
 
 
 
 
Unrealized loss on securities arising during the period
(9
)
—

(9
)
—

—

—

See (4) below
Reclassification of gain realized in net income
1

—

1

—

—

—

Other income, net
Net unrealized loss on securities
(8
)
—

(8
)
—

—

—

 
Other comprehensive loss
$
(957
)
$
402

$
(555
)
$
(929
)
$
(86
)
$
(1,015
)
 


1. 
The increase in currency translation adjustment gains over prior year for the three months ended March 31, 2016 is primarily driven by the modest weakening of the U.S. dollar (USD) against the European Euro and Brazilian real.  The increase in currency translation adjustment losses over prior year for the three months ended March 31, 2015 is primarily driven by the strengthening USD against the European Euro and Brazilian real.
2. 
These amounts represent changes in accumulated other comprehensive loss excluding changes due to reclassifying amounts to the interim Consolidated Income Statements. See Notes 13 and 14 for additional information.
3. 
These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost of the company's pension and other long-term employee benefit plans. See Note 14 for additional information.
4. 
The unrealized loss on securities during the three months ended March 31, 2016 is due to the re-measurement of USD denominated marketable securities held by certain foreign entities at March 31, 2016 with a corresponding offset to cumulative translation adjustment.
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
 
Cumulative Translation Adjustment
Net Revaluation and Clearance of Cash Flow Hedges to Earnings
Pension Benefit Plans
Other Benefit Plans
Unrealized (Loss) Gain on Securities
Total
2016
 

 

 

 

 

 

Balance January 1, 2016
$
(2,333
)
$
(24
)
$
(7,043
)
$
22

$
(18
)
$
(9,396
)
Other comprehensive income (loss) before reclassifications
170

10

(762
)
(79
)
(9
)
(670
)
Amounts reclassified from accumulated other comprehensive income (loss)
—

7

143

(36
)
1

115

Balance March 31, 2016
$
(2,163
)
$
(7
)
$
(7,662
)
$
(93
)
$
(26
)
$
(9,951
)

 
Cumulative Translation Adjustment
Net Revaluation and Clearance of Cash Flow Hedges to Earnings
Pension Benefit Plans
Other Benefit Plans
Unrealized (Loss) Gain on Securities
Total
2015
 

 

 

 

 

 

Balance January 1, 2015
$
(919
)
$
(6
)
$
(7,895
)
$
262

$
2

$
(8,556
)
Other comprehensive income (loss) before reclassifications
(1,189
)
(16
)
70

—

—

(1,135
)
Amounts reclassified from accumulated other comprehensive income (loss)
—

4

137

(21
)
—

120

Balance March 31, 2015
$
(2,108
)
$
(18
)
$
(7,688
)
$
241

$
2

$
(9,571
)