Accumulated Other Elements of Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2014

Accumulated Other Elements of Comprehensive Income (Loss) [Abstract]

Accumulated Other Elements of Comprehensive Income (Loss)

Note 15: Accumulated Other Elements of Comprehensive Income (Loss)

Accumulated other elements of comprehensive income (loss) comprised the following:

(dollars in millions)	Accumulated Foreign Currency Translation Gain (Loss)			Prior Service Credits and Net Actuarial Losses			Accumulated Gain (Loss) on Cash Flow Hedges			Total			Other Comprehensive Income
Balance at December 31, 2011	$	(29	)	$	(56	)	$	(6	)	$	(91	)
Foreign currency translation gain (loss)		75			–			–			75		$	75
Actuarial gains (losses) recognized in other comprehensive income, net of tax		–			(33	)		–			(33	)		(33	)
Amortization of actuarial (gains) losses, net of tax		–			2			–			2			2
Gain (loss) on derivatives recognized in other comprehensive income, net of tax		–			–			10			10			10
(Gain) loss on derivatives reclassified from accumulated other comprehensive income, net of tax								7			7			7
Balance at December 31, 2012		46			(87	)		11			(30	)	$	61
Foreign currency translation gain (loss)		(95	)		–			–			(95	)	$	(95	)
Actuarial gains (losses) recognized in other comprehensive income, net of tax		–			40			–			40			40
Amortization of actuarial (gains) losses, net of tax		–			2			–			2			2
Gain (loss) on derivatives recognized in other comprehensive income, net of tax		–			–			6			6			6
(Gain) loss on derivatives reclassified from accumulated other comprehensive income, net of tax		–			–			(3	)		(3	)		(3	)
Balance at December 31, 2013		(49	)		(45	)		14			(80	)	$	(50	)
Foreign currency translation gain (loss)		(379	)		–			–			(379	)	$	(379	)
Actuarial gains (losses) recognized in other comprehensive income, net of tax		–			(31	)		–			(31	)		(31	)
Curtailment and settlement gains (losses) recognized in other comprehensive income, net of tax		–			(3	)		–			(3	)		(3	)
Amortization of actuarial (gains) losses, net of tax		–			1			–			1			1
Gain (loss) on derivatives recognized in other comprehensive income, net of tax		–			–			(52	)		(52	)		(52	)
(Gain) loss on derivatives reclassified from accumulated other comprehensive income, net of tax		–			–			4			4			4
Balance of December 31, 2014	$	(428	)	$	(78	)	$	(34	)	$	(540	)	$	(460	)