Comprehensive Income

6 Months Ended

Jun. 30, 2013

Equity [Abstract]

Comprehensive Income

Note 17. Comprehensive Income

On January 1, 2013, we adopted ASU No. 2013-02, “Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income”. This topic requires us to provide information about the amounts reclassified out of accumulated other comprehensive income by component and the line item of net income to which significant amounts are reclassified.

The following tables present the changes in accumulated other comprehensive income by component for the six months ended June 30, 2013 (in millions):

	For the Six Months Ended June 30, 2013 (a)
	Cash Flow Hedges			Defined benefit pension and postretirement benefit plans			Foreign Currency Translation Adjustments			Total
Balance at December 31, 2012	$	(1	)	$	(86	)	$	(251	)	$	(338	)
Other comprehensive income before reclassifications		1			—			(50	)		(49	)
Amounts reclassified from accumulated other comprehensive income		—			1			—			1
Total before tax		1			1			(50	)		(48	)
Tax (expense) benefit		—			—			—			—
Net current year other comprehensive income		1			1			(50	)		(48	)
Balance at June 30, 2013	$	—		$	(85	)	$	(301	)	$	(386	)

(a) Amounts in parentheses indicate debits.

The following tables present the components of our other comprehensive income (loss) and related tax effects for the three and six months ended June 30, 2013 and 2012 (in millions):

	For the Three Months Ended June 30, (a)
	2013								2012
	Before-Tax Amount			Tax (Expense) or Benefit		Net-of-Tax Amount			Before-Tax Amount			Tax (Expense) or Benefit		Net-of-Tax Amount
Cash flow hedges:
Gains (losses) arising during period	$	—		$	—	$	—		$	1		$	—	$	1
Amounts reclassified from accumulated other comprehensive income (b)		—			—		—			(1	)		—		(1	)
Net gains (losses) on cash flow hedges		—			—		—			—			—		—
Defined benefit pension and postretirement benefit plans:
Gains (losses) arising during the year		—			—		—			—			—		—
Amounts reclassified from accumulated other comprehensive income (c)		—			—		—			—			—		—
Net gains (losses) on defined benefit pension and postretirement benefit plans		—			—		—			—			—		—
Foreign Currency Translation Adjustments:
Foreign Currency Translation Adjustments		(36	)		—		(36	)		(49	)		—		(49	)
Other comprehensive income	$	(36	)	$	—	$	(36	)	$	(49	)	$	—	$	(49	)

	For the Six Months Ended June 30, (a)
	2013								2012
	Before-Tax Amount			Tax (Expense) or Benefit		Net-of-Tax Amount			Before-Tax Amount			Tax (Expense) or Benefit		Net-of-Tax Amount
Cash flow hedges:
Gains (losses) arising during period	$	1		$	—	$	1		$	—		$	—	$	—
Amounts reclassified from accumulated other comprehensive income (b)		—			—		—			(1	)		—		(1	)
Net gains (losses) on cash flow hedges		1			—		1			(1	)		—		(1	)
Defined benefit pension and postretirement benefit plans:
Gains (losses) arising during the year		—			—		—			—			—		—
Amounts reclassified from accumulated other comprehensive income (c)		1			—		1			1			—		1
Net gains (losses) on defined benefit pension and postretirement benefit plans		1			—		1			1			—		1
Foreign Currency Translation Adjustments:
Foreign Currency Translation Adjustments		(50	)		—		(50	)		(10	)		—		(10	)
Other comprehensive income	$	(48	)	$	—	$	(48	)	$	(10	)	$	—	$	(10	)

(a) Amounts in parentheses indicate debits.

(b) Pretax gains and losses on forward contract cash flow hedges are reclassified to management fees, franchise fees and other income.

(c) Pretax amortization of defined benefit pension and postretirement benefit plans is reclassified to selling, general, administrative and other.