Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details 2)

v2.4.0.6
INCOME TAXES (Details 2) (USD $)
In Millions, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Components of Deferred Tax Assets and Liabilities      
Equity income of foreign joint ventures $ 192 $ 234 $ 218
Provision of additional U.S. income taxes which will be due upon distribution of the foreign joint venture equity income 9 49 50
Deferred tax assets:      
U.S. federal and state carryforward benefits 115 86  
Foreign carryforward benefits 50 42  
Employee benefit plans 369 334  
Warranty and marketing expenses 308 302  
Deferred research and development expenses   6  
Accrued expenses 75 73  
Other 78 47  
Gross deferred tax assets 995 890  
Valuation allowance (95) (71)  
Total deferred tax assets 900 819  
Deferred tax liabilities:      
Property, plant and equipment (218) (158)  
Unremitted income of foreign subsidiaries and joint ventures (213) (222)  
Other (73) (22)  
Total deferred tax liabilities (504) (402)  
Net deferred tax assets 396 417  
Net increase (decrease) in valuation allowance 24 21  
Deferred tax assets included in prepaid and other current assets 232 268  
Income taxes refundable included in prepaid and other current assets 240 45  
Deferred tax assets included in other assets 177 167  
Deferred tax liabilities, non-current 13 18  
Reconciliation of the beginning and ending amount of unrecognized tax benefits      
Beginning balance 86 85 56
Additions based on tax positions related to the current year 4 5 2
Additions based on tax positions related to the prior years 57 44 35
Reductions for tax positions related to prior years (2) (3) (5)
Reductions for tax positions relating to settlements with taxing authorities   (39)  
Reductions for tax positions relating to lapse of statute of limitations   (6) (3)
Ending balance 145 86 85
Unrecognized tax benefits that would impact effective tax rate 87 75  
Unrecognized tax benefits, interest accrued 2 7 30
Net interest expense recognized (3) (15) 5
Income tax benefit due to settlements   $ 16