XML 66 R36.htm IDEA: XBRL DOCUMENT

Income Taxes Level 3 (Tables)

12 Months Ended

Dec. 31, 2012

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

Income tax (benefit) expense detail for continuing operations for the years ended December 31, is as follows:



	2012			2011			2010
Current
Federal	$	—		$	—		$	—
State and local	(2		)	—			2
Foreign	12			30			45
Total current	10			30			47
Deferred
Federal	(365		)	(2		)	1
State and local	(8		)	—			—
Foreign	(2		)	(25		)	(13		)
Total deferred	(375		)	(27		)	(12		)
Income tax (benefit) expense	$	(365	)	$	3		$	35

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

A reconciliation of the differences between income taxes for continuing operations that were computed at the federal statutory tax rate of 35% and provisions for income taxes for the years ended December 31 follows:



	2012			2011			2010
Income tax (benefit) expense computed at federal statutory tax rate	$	(21	)	$	36		$	85
State tax provision, net of federal benefits	—			1			—
Foreign tax rate differential	8			(4		)	23
Foreign source (loss) income subject to U.S. taxation	(6		)	(15		)	25
Other income not deductible for tax	(14		)	(6		)	(69		)
Decrease in the taxes due to changes in valuation allowance	(302		)	(7		)	(55		)
Additional (benefit) tax on foreign unrepatriated earnings	(30		)	(2		)	1
Additional expense for uncertain tax positions	—			—			25
Changes in enacted tax rates	—			—			(1		)
Adjustments of prior year estimates and other	—			—			1
Income tax (benefit) expense	$	(365	)	$	3		$	35

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

The domestic and foreign components of the (loss) income from continuing operations before income taxes for the years ended December 31, is as follows:



	2012			2011		2010
Domestic	$	64		$	101	$	297
Foreign	(124		)	2		(53		)
Total	$	(60	)	$	103	$	244

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

The tax effects of significant temporary differences and net operating loss and credit carryforwards, which comprise the deferred tax assets and liabilities at December 31, is as follows:



	2012			2011
Assets
Non-pension post-employment	$	9		$	8
Accrued and other expenses	72			77
Property, plant and equipment	4			3
Loss and credit carryforwards	595			522
Pension liabilities	66			35
Gross deferred tax assets	746			645
Valuation allowance	(141		)	(432		)
Net deferred tax asset	605			213
Liabilities
Property, plant and equipment	(163		)	(168		)
Unrepatriated earnings of foreign subsidiaries	(57		)	(78		)
Intangibles	(34		)	(25		)
Gross deferred tax liabilities	(254		)	(271		)
Net deferred tax asset (liability)	$	351		$	(58	)

The following table summarizes the presentation of the net deferred tax asset (liability) in the Consolidated Balance Sheets at December 31:



	2012			2011
Assets
Current deferred income taxes (Other current assets)	$	21		$	10
Long-term deferred income taxes	348			4
Liabilities
Current deferred income taxes (Other current liabilities)	—			—
Long-term deferred income taxes	(18		)	(72		)
Net deferred tax asset (liability)	$	351		$	(58	)

Summary of Valuation Allowance [Table Text Block]

The following table summarizes the changes in the valuation allowance for the years ended December 31, 2012, 2011 and 2010:



	Balance at Beginning of Period		Changes in Related Gross Deferred Tax Assets/Liabilities			Charge/Release			Balance at End of Period
Valuation allowance on Deferred tax assets:
Year ended December 31, 2010	$	579	$	(45	)	$	(55	)	$	479
Year ended December 31, 2011	479		(40		)	(7		)	432
Year ended December 31, 2012	432		11			(302		)	141

Unrecognized Tax Benefits, Increases Resulting from Current Period Tax Positions

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:



	2012			2011
Balance at beginning of year	$	80		$	85
Additions based on tax positions related to the current year	8			2
Additions for tax positions of prior years	5			1
Reductions for tax positions of prior years	(2		)	(1		)
Settlements	—			(2		)
Foreign currency translation	1			(5		)
Balance at end of year	$	92		$	80

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References+ Details

- Definition

Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ References+ Details