Note 18: Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

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

	For the Year Ended December 31,
(in millions)	2012			2011			2010
(Loss) earnings from continuing operations before income taxes:
U.S.	$	(1,760	)	$	(703	)	$	(343	)
Outside the U.S.		200			4			(82	)
Total	$	(1,560	)	$	(699	)	$	(425	)
U.S. income taxes:
Current benefit	$	(393	)	$	(378	)	$	(2	)
Deferred provision		13			241			2
Income taxes outside the U.S.:
Current provision		58			54			188
Deferred provision (benefit)		65			106			(76	)
State and other income taxes:
Current benefit		-			(22	)		(2	)
Deferred provision		-			7			-
Total (benefit) provision	$	(257	)	$	8		$	110

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

	For the Year Ended December 31,
(in millions)	2012			2011			2010
Amount computed using the statutory rate	$	(546	)	$	(245	)	$	(149	)
Increase (reduction) in taxes resulting from:
State and other income taxes, net of federal		1			1			1
Unremitted foreign earnings		35			393			-
Impact of goodwill impairment		-			-			217
Operations outside the U.S.		(129	)		41			131
Legislative rate changes		23			20			10
Valuation allowance		350			(57	)		(98	)
Tax settlements and adjustments, including interest		(11	)		(149	)		3
Other, net		20			4			(5	)
(Benefit) provision for income taxes	$	(257	)	$	8		$	110

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

	As of December 31,
(in millions)	2012		2011
Deferred tax assets
Pension and postretirement obligations	$	689	$	925
Allowed Claims		272		-
Restructuring programs		10		5
Foreign tax credit		577		661
Inventories		26		33
Investment tax credit		153		172
Employee deferred compensation		113		69
Depreciation		57		30
Research and development costs		308		232
Tax loss carryforwards		1,409		1,178
Other		415		406
Total deferred tax assets	$	4,029	$	3,711
Deferred tax liabilities
Leasing	$	43	$	37
Other deferred debt		11		16
Unremitted foreign earnings		417		430
Other		181		168
Total deferred tax liabilities		652		651
Net deferred tax assets before valuation allowance		3,377		3,060
Valuation allowance		2,838		2,560
Net deferred tax assets	$	539	$	500

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

	As of December 31,
(in millions)	2012			2011
Deferred income taxes (current)	$	75		$	81
Other long-term assets		470			429
Accrued income taxes		(5	)		(3	)
Other long-term liabilities		(1	)		(7	)
Net deferred tax assets	$	539		$	500

Summary of Income Tax Contingencies [Table Text Block]

	2012			2011			2010
Balance as of January 1	$	76		$	245		$	256
Tax positions related to the current year:
Additions		4			12			1
Tax positions related to prior years:
Additions		3			2			-
Reductions		(17	)		(183	)		(11	)
Settlements with taxing authorities		(3	)		-			-
Lapses in statutes of limitations		(6	)		-			(1	)
Balance as of December 31	$	57		$	76		$	245