v2.4.1.9
Supplemental financial information (Tables)
 12 Months Ended
Dec. 31, 2014
Supplemental Financial Information [Abstract]  
Other income (expense), net
Other Income (Expense), Net
 
 
For Years Ended December 31,
 
 
2014
 
2013
 
2012
Interest income
 
$
7

 
$
10

 
$
8

Tax interest income (expense)
 
6

 
(10
)
 
32

Net gains on investments
 
5

 
18

 
18

Other (a)
 
3

 
(1
)
 
(11
)
Total
 
$
21

 
$
17

 
$
47


(a) Includes lease income of approximately $15 million per year, primarily from the purchaser of a former business. As of December 31, 2014, the aggregate amount of non-cancellable future lease payments to be received from these leases is $51 million. These leases contain renewal options. Other also includes miscellaneous non-operational items such as losses related to former businesses, including settlements in 2012; gains and losses from currency exchange rate changes; and gains and losses from our derivative financial instruments, primarily forward foreign currency exchange contracts.
Prepaid expenses and other current assets
Prepaid Expenses and Other Current Assets
 
 
December 31,
 
 
2014
 
2013
Prepaid taxes on intercompany inventory profits
 
$
693

 
$
667

Other prepaid expenses and current assets
 
157

 
196

Total
 
$
850

 
$
863
Property, plant and equipment at cost
Property, Plant and Equipment at Cost
 
 
Depreciable Lives
(Years)
 
December 31,
 
 
 
2014
 
2013
Land
 
n/a
 
$
137

 
$
175

Buildings and improvements
 
5 - 40
 
2,801

 
2,913

Machinery and equipment
 
3 - 10
 
3,328

 
3,468

Total
 
 
 
$
6,266

 
$
6,556
Accrued expenses and other liabilities
Accrued Expenses and Other Liabilities
 
 
December 31,
 
 
2014
 
2013
Customer incentive programs and allowances
 
$
101

 
$
143

Severance and related expenses
 
60

 
158

Other
 
337

 
350

Total
 
$
498

 
$
651
Accumulated other comprehensive income (loss), net of taxes
Accumulated Other Comprehensive Income (Loss), Net of Taxes
 
 
December 31,
 
 
2014
 
2013
Postretirement benefit plans:
 
 
 
 

Net actuarial loss
 
$
(529
)
 
$
(525
)
Prior service credit
 
—

 
1

Cash flow hedge derivative
 
(3
)
 
(4
)
Total
 
$
(532
)
 
$
(528
)
Amounts reclassified out of AOCI to Net income, net of taxes
The table below details where on the Consolidated Statements of Income these transactions are recorded.
 
 
For Years Ended December 31,
 
Impact to Related Statement of Income Line
Details about AOCI Components
 
2014
 
2013
 
Net actuarial gains (losses) of defined benefit plans:
 
 
 
 
 
 
Recognized net actuarial loss and Settlement losses (a)
 
$
63

 
$
108

 
Increase to Pension expense (b)
Tax effect
 
(21
)
 
(37
)
 
Decrease to Provision for income taxes
Recognized within Net income, net of taxes
 
$
42

 
$
71

 
Decrease to Net income
 
 
 
 
 
 
 
Prior service cost of defined benefit plans:
 
 
 
 
 
 
Amortization of prior service cost (credit) and Curtailment gain (a)
 
$
—

 
$
(5
)
 
Decrease to Pension expense (b)
Tax effect
 
—

 
2

 
Increase to Provision for income taxes
Recognized within Net income, net of taxes
 
$
—

 
$
(3
)
 
Increase to Net income
 
 
 
 
 
 
 
Derivative instruments:
 
 
 
 
 
 
Amortization of treasury rate locks
 
$
2

 
$
2

 
Increase to Interest and debt expense
Tax effect
 
(1
)
 
(1
)
 
Decrease to Provision for income taxes
Recognized within Net income, net of taxes
 
$
1

 
$
1

 
Decrease to Net income

(a) Detailed in Note 11.
(b) Pension expense is included in COR, R&D, SG&A and Restructuring charges/other in the Consolidated Statements of Income.