INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2014

INCOME TAXES

Schedule of components of income taxes expense (benefit) from continuing operations

				(In Millions)
	2014			2013			2012
Income (loss) from continuing operations before income taxes:
U.S.	$	338		$	295		$	(84	)
Foreign		237			155			157
	$	575		$	450		$	73
Income tax (benefit) expense on income (loss) from continuing operations:
Currently payable:
U.S. Federal	$	3		$	3		$	—
State and local		2			4			(2	)
Foreign		67			58			51
Deferred:
U.S. Federal		(377	)		41			31
State and local		(18	)		7			7
Foreign		(10	)		(2	)		4
	$	(333	)	$	111		$	91
Deferred tax assets at December 31:
Receivables	$	9		$	12
Inventories		25			23
Other assets, principally stock-based compensation		77			95
Accrued liabilities		102			118
Long-term liabilities		284			234
Net operating loss carryforward		194			317
Tax credit carryforward		44			38
		735			837
Valuation allowance		(66	)		(662	)
		669			175
Deferred tax liabilities at December 31:
Property and equipment		118			148
Intangibles		387			342
Investment in foreign subsidiaries		4			5
Other		13			4
		522			499
Net deferred tax (asset) liability at December 31	$	(147	)	$	324

Schedule of reconciliation of the U.S. Federal statutory tax rate to the income tax (benefit) expense on income (loss) from continuing operations

	2014			2013			2012
U.S. Federal statutory tax rate – expense		35	%		35	%		35	%
State and local taxes, net of U.S. Federal tax benefit		(2	)		2			4
Lower taxes on foreign earnings		(4	)		—			(9	)
U.S. and foreign taxes on distributed and undistributed foreign earnings		—			—			1
Goodwill and other intangible assets impairment charges providing no tax benefit		—			—			2
U.S. Federal valuation allowance		(87	)		(12	)		89
Other, net		—			—			3
Effective tax rate – (benefit) expense		(58	)%		25	%		125	%

Schedule of reconciliation of the beginning and ending liability for uncertain tax positions, including related interest and penalties

	(In millions)
	Uncertain Tax Positions			Interest and Penalties			Total
Balance at January 1, 2013	$	51		$	17		$	68
Current year tax positions:
Additions		9						9
Prior year tax positions:
Additions		1						1
Reductions		(2	)					(2	)
Settlements with tax authorities		(1	)					(1	)
Lapse of applicable statute of limitations		(12	)					(12	)
Interest and penalties recognized in income tax expense					(4	)		(4	)
Balance at December 31, 2013	$	46		$	13		$	59
Current year tax positions:
Additions	$	9		$			$	9
Reductions		(1	)					(1	)
Prior year tax positions:
Additions		1						1
Reductions		(5	)					(5	)
Settlements with tax authorities		(1	)					(1	)
Lapse of applicable statute of limitations		(10	)					(10	)
Interest and penalties recognized in income tax expense		—			(4	)		(4	)
Balance at December 31, 2014	$	39		$	9		$	48