Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Components of Income Taxes Expense Benefit From Continuing Operations

	(In Millions)
	2012			2011			2010
Income (loss) from continuing operations before income taxes:
U.S.	$	(84	)	$	(575	)	$	(928	)
Foreign		126			103			187
	$	42		$	(472	)	$	(741	)
Income tax expense (benefit) on income (loss) from continuing operations:
Currently payable:
U.S. Federal	$	—		$	—		$	(24	)
State and local		(2	)		(1	)		22
Foreign		51			63			59
Deferred:
U.S. Federal		31			(103	)		190
State and local		7			—			(7	)
Foreign		(4	)		(8	)		—
	$	83		$	(49	)	$	240
Deferred tax assets at December 31:
Receivables	$	14		$	14
Inventories		24			28
Other assets, principally stock-based compensation		118			121
Accrued liabilities		156			141
Long-term liabilities		253			260
Net operating loss carryforward		400			260
Tax credit carryforward		25			20
		990			844
Valuation allowance		(787	)		(688	)
		203			156
Deferred tax liabilities at December 31:
Property and equipment		180			178
Intangibles		286			192
Investment in foreign subsidiaries		8			—
Other		9			25
		483			395
Net deferred tax liability at December 31	$	280		$	239

Reconciliation of U.S. Federal Statutory Tax Rate to Income Tax (Benefit) Expense on (Loss) Income from Continuing Operations

A reconciliation of the U.S. Federal statutory tax rate to the income tax expense (benefit) on income (loss) from continuing operations was as follows:

	2012			2011			2010
U.S. Federal statutory tax rate – expense (benefit)		35	%		(35	)%		(35	)%
State and local taxes, net of U.S. Federal tax benefit		8			—			1
(Lower) higher taxes on foreign earnings		(9	)		1			(1	)
U.S. and foreign taxes on distributed and undistributed foreign earnings		2			—			—
Goodwill and other intangible assets impairment charges providing no tax benefit		3			6			18
U.S. Federal valuation allowance		154			19			50
Other, net		5			(1	)		(1	)
Effective tax rate – expense (benefit)		198	%		(10	)%		32	%

Reconciliation of Beginning and Ending Liability for Uncertain Tax Positions, Including Related Interest and Penalties

A reconciliation of the beginning and ending liability for uncertain tax positions, including related interest and penalties, is as follows:

	(In millions)
	Uncertain Tax Positions			Interest and Penalties			Total
Balance at January 1, 2011	$	71		$	23		$	94
Current year tax positions:
Additions		6						6
Reductions		(1	)					(1	)
Prior year tax positions:
Additions		6						6
Reductions		(1	)					(1	)
Settlements with tax authorities		(4	)		(2	)		(6	)
Lapse of applicable statute of limitations		(16	)					(16	)
Interest and penalties recognized in income tax expense					(1	)		(1	)
Balance at December 31, 2011	$	61		$	20		$	81
Current year tax positions:
Additions		6						6
Prior year tax positions:
Reductions		(4	)					(4	)
Settlements with tax authorities		—						—
Lapse of applicable statute of limitations		(12	)					(12	)
Interest and penalties recognized in income tax expense		—			(3	)		(3	)
Balance at December 31, 2012	$	51		$	17		$	68