Note 14 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	Successor						Predecessor
(in millions)	Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013			Year Ended December 31, 2012
(Loss) earnings from continuing   operations before income taxes:
U.S.	$	(208	)	$	(119	)	$	2,243		$	(1,647	)
Outside the U.S.		96			45			113			37
Total	$	(112	)	$	(74	)	$	2,356		$	(1,610	)
U.S. income taxes:
Current (benefit) provision	$	(2	)	$	3		$	-		$	(409	)
Deferred provision (benefit)		4			3			(3	)		13
Income taxes outside the U.S.:
Current (benefit) provision		(1	)		8			52			58
Deferred provision (benefit)		7			(8	)		105			65
State and other income taxes:
Current provision		1			2			1			-
Deferred provision		1			-			-			-
Total provision (benefit)	$	10		$	8		$	155		$	(273	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Successor						Predecessor
(in millions)	Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013			Year Ended December 31, 2012
Amount computed using the statutory rate	$	(39	)	$	(25	)	$	825		$	(564	)
Increase (reduction) in taxes
resulting from:
State and other income taxes, net of   federal		1			2			-			1
Unremitted foreign earnings		4			36			32			35
Impact of goodwill and intangible impairments		-			(3	)		(22	)		-
Operations outside the U.S.		111			73			(18	)		(90	)
Legislative rate changes		-			-			1			23
Valuation allowance		(121	)		(100	)		39			312
Tax settlements and adjustments,   including interest		(5	)		1			5			(11	)
Discharge of debt and other reorganization related items		57			24			(722	)		-
Other, net		2			-			15			21
Provision (benefit) for income taxes	$	10		$	8		$	155		$	(273	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	As of December 31,
(in millions)	2014		2013
Deferred tax assets
Pension and postretirement   obligations	$	221	$	219
Restructuring programs		5		6
Foreign tax credit		258		101
Inventories		20		18
Investment tax credit		100		125
Employee deferred compensation		43		60
Depreciation		45		-
Research and development costs		232		276
Tax loss carryforwards		355		372
Other deferred revenue		13		13
Other		111		168
Total deferred tax assets	$	1,403	$	1,358
Deferred tax liabilities
Depreciation	$	-	$	17
Leasing		7		23
Goodwill/Intangibles		51		49
Unremitted foreign earnings		176		236
Other		-		25
Total deferred tax liabilities		234		350
Net deferred tax assets before valuation   allowance		1,169		1,008
Valuation allowance		1,127		953
Net deferred tax assets	$	42	$	55

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	As of December 31,
(in millions)	2014			2013
Deferred income taxes (current)	$	31		$	48
Deferred income taxes (non-current)		38			54
Other current liabilities		(1	)		(3	)
Other long-term liabilities		(26	)		(44	)
Net deferred tax assets	$	42		$	55

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	Successor						Predecessor
(in millions)	Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013			Year Ended December 31, 2012
Balance as of January 1	$	106		$	107		$	57		$	76
Tax positions related to the current year:
Additions		2			-			68			4
Tax Positions related to prior years:
Additions		1			2			1			3
Reductions		(14	)		(3	)		(17	)		(17	)
Settlements with taxing jurisdictions		(1	)		-			(2	)		(3	)
Lapses in Statute of limitations		(2	)		-			-			(6	)
Balance as of December 31	$	92		$	106		$	107		$	57