XML 59 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
PROVISION FOR INCOME TAXES
9 Months Ended
Sep. 30, 2012
Income Tax Disclosure [Abstract]  
PROVISION FOR INCOME TAXES
6.
PROVISION FOR INCOME TAXES
 
Third Quarter
 
First Nine Months
(Dollars in millions)
2012
 
2011
 
2012
 
2011
Provision for income taxes
$
64

 
$
80

 
$
240

 
$
281

Effective tax rate
29
%
 
31
%
 
33
%
 
32
%

 
The third quarter and first nine months 2012 effective tax rates reflect an $8 million benefit from the settlement of U.S. and non-U.S. income tax audits and a $5 million benefit from the reversal of tax reserves due to the expiration of the relevant statute of limitations. The third quarter and first nine months 2011 effective tax rates included an $8 million benefit recognized due to an increased level of capital investment which qualified for additional state tax credits.