Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details 2)

v3.3.1.900
INCOME TAXES (Details 2)
$ in Millions
 3 Months Ended 12 Months Ended
Dec. 31, 2015
USD ($)
Sep. 30, 2014
USD ($)
Dec. 31, 2015
USD ($)
item
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Dec. 31, 2012
USD ($)
Operating loss carryforwards            
Decrease in foreign tax credit       $ 10.0    
Deferred foreign tax credit after adjustment       104.0    
Income tax benefit from release of valuation allowance       104.0    
Discrete tax benefit   $ 94.0        
Foreign tax credits $ 14.0   $ 14.0 17.0    
Deferred foreign income tax benefit     $ 47.0 48.0 $ 71.0  
Number of non-U.S. tax jurisdictions in which the entity is operating | item     40      
Tax benefit from foreign exchange transactions 33.0   $ 33.0      
Tax benefit from currency exchange gains before valuation allowances and contingencies 58.0   58.0 7.0 (14.0)  
Contingent liabilities and valuation allowances 25.0   25.0      
Taxable gain (loss) on currency conversion of intercompany debt     0.0      
Decrease in net deferred tax liabilities     5.0      
Income tax benefit (expense)     (46.0) (51.0) (125.0)  
Non-U.S. tax rate differentials     4.0 (7.0) 10.0  
Operating loss carryforwards, subject to expiration 0.0   0.0      
Valuation allowance on net deferred tax assets 784.0   784.0 702.0 814.0 $ 736.0
Releases of valuation allowances in various jurisdictions     3.0 111.0 16.0  
Establishments of valuation allowances in various jurisdictions     35.0 3.0    
Establishment (release) of valuation allowances on U.S. foreign tax credits     14.0 (94.0) 95.0  
Non-US            
Operating loss carryforwards            
Deferred foreign income tax benefit     3.0 7.0 $ 22.0  
Net operating loss carryforwards 3,347.0   3,347.0      
Operating loss carryforwards, subject to expiration 852.0   852.0      
Portion of operating loss carryforwards that are subject to expiration, subject to valuation allowance 489.0   489.0      
Non-US | Scheduled to expire next year            
Operating loss carryforwards            
Portion of operating loss carryforwards that are subject to expiration, subject to valuation allowance 29.0   29.0      
Luxembourg            
Operating loss carryforwards            
Net operating loss carryforwards 919.0   919.0      
Operating loss carryforwards, valuation allowance 216.0   216.0      
Valuation allowance on net deferred tax assets $ 265.0   265.0      
Releases of valuation allowances in various jurisdictions       $ 6.0    
Netherlands            
Operating loss carryforwards            
Establishments of valuation allowances in various jurisdictions     7.0      
Italy            
Operating loss carryforwards            
Establishments of valuation allowances in various jurisdictions     12.0      
State            
Operating loss carryforwards            
Income tax benefit (expense)     $ 3.0