XML 67 R47.htm IDEA: XBRL DOCUMENT v3.6.0.2
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2016
Stockholders' Equity Note [Abstract]  
Reconciliation of Common Stock Share Activity
Shares of common stock
Issued
Held In Treasury
Balance January 1, 2014
1,014,027,000

(87,041,000
)
Issued
8,103,000


Repurchased

(30,110,000
)
Retired
(30,110,000
)
30,110,000

Balance December 31, 2014
992,020,000

(87,041,000
)
Issued
5,932,000


Repurchased

(39,564,000
)
Retired
(39,564,000
)
39,564,000

Balance December 31, 2015
958,388,000

(87,041,000
)
Issued
4,808,000


Repurchased

(13,152,000
)
Retired
(13,152,000
)
13,152,000

Balance December 31, 2016
950,044,000

(87,041,000
)
Schedule of Accumulated Other Comprehensive Loss
 
Cumulative Translation Adjustment 1
Net Gains (Losses) on Cash Flow Hedging Derivative Instruments
Pension Benefit Plans
Other Benefit Plans
Unrealized Gain (Loss) on Securities
Total
2014
 

 

 

 

 

 

Balance January 1, 2014
$
(43
)
$
(48
)
$
(5,695
)
$
494

$
2

$
(5,290
)
Other comprehensive (loss) income before reclassifications
(876
)
33

(2,601
)
(131
)

(3,575
)
Amounts reclassified from accumulated other comprehensive loss

9

401

(101
)

309

Net other comprehensive (loss) income
$
(876
)
$
42

$
(2,200
)
$
(232
)
$

$
(3,266
)
Balance December 31, 2014
$
(919
)
$
(6
)
$
(7,895
)
$
262

$
2

$
(8,556
)
2015
 

 

 

 

 

 

Other comprehensive (loss) income before reclassifications
(1,605
)
(25
)
39

3

(17
)
(1,605
)
Amounts reclassified from accumulated other comprehensive loss

7

535

(243
)
(2
)
297

Net other comprehensive (loss) income
$
(1,605
)
$
(18
)
$
574

$
(240
)
$
(19
)
$
(1,308
)
Spin-off of Chemours
191


278


(1
)
468

Balance December 31, 2015
$
(2,333
)
$
(24
)
$
(7,043
)
$
22

$
(18
)
$
(9,396
)
2016
 

 

 

 

 

 

Other comprehensive (loss) income before reclassifications
(510
)
20

(271
)
(81
)
(8
)
(850
)
Amounts reclassified from accumulated other comprehensive loss

11

594

(298
)
28

335

Net other comprehensive (loss) income
$
(510
)
$
31

$
323

$
(379
)
$
20

$
(515
)
Balance December 31, 2016
$
(2,843
)
$
7

$
(6,720
)
$
(357
)
$
2

$
(9,911
)
1. 
The currency translation loss for the year ended December 31, 2016 is primarily driven by the strengthening of the U.S. dollar (USD) against the European Euro (EUR) partially offset by the weakening of the USD against the Brazilian real (BRL). The currency translation loss for the years ended December 31, 2015 and 2014 is driven by the strengthening USD against primarily the EUR and BRL. For the year ended December 31, 2015, the increase over prior year is also due to changes in certain foreign entity's functional currency as described in Note 1.
Provision for taxes related to other comprehensive income [Table Text Block]
For the year ended December 31,
2016
2015
2014
Net gains (losses) on cash flow hedging derivative instruments
$
(19
)
$
7

$
(26
)
Pension benefit plans, net
(163
)
(317
)
1,274

Other benefit plans, net
194

135

155

Benefit from (provision for) income taxes related to other comprehensive (loss) income items
$
12

$
(175
)
$
1,403

Schedule of Components of Other Comprehensive Income / (Loss)
 
2016
2015
2014
Consolidated Statements of Income Classification
 
Net gains (losses) on cash flow hedging derivative instruments, before tax:
$
18

$
12

$
15

See (1) below
Tax benefit
(7
)
(5
)
(6
)
See (2) below
After-tax
$
11

$
7

$
9

 
Amortization of pension benefit plans:
 
 
 
 
  Prior service (benefit) cost
(6
)
(9
)
2

See (3) below
  Actuarial losses
822

768

601

See (3) below
  Curtailment loss (gain)
40

(6
)
4

See (3) below
  Settlement loss
62

76

7

See (3) below
Total before tax
$
918

$
829

$
614

 
Tax benefit
(324
)
(294
)
(213
)
See (2) below
After-tax
$
594

$
535

$
401

 
Amortization of other benefit plans:
 
 
 
 
  Prior service benefit
(134
)
(182
)
(214
)
See (3) below
  Actuarial losses
78

78

57

See (3) below
  Curtailment gain
(392
)
(274
)

See (3) below
Total before tax
$
(448
)
$
(378
)
$
(157
)
 
Tax expense
150

135

56

See (2) below
After-tax
$
(298
)
$
(243
)
$
(101
)
 
Net realized gains (losses) on investments, before tax:
28

(2
)

See (4) below
Tax expense



See (2) below
After-tax
$
28

$
(2
)
$

 
Total reclassifications for the period, after-tax
$
335

$
297

$
309

 

1. 
Net sales and cost of goods sold
2. 
Provision for income taxes from continuing operations
3. 
These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost of the company's pension and other benefit plans. See Note 17 for additional information.
4. 
Other income, net