Rendering

Component: (Network and Table)
Network
2312301 - Disclosure - ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
(http://www.chemtura.com/role/AccumulatedOtherComprehensiveLossTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001091862 (http://www.sec.gov/CIK)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
 
Schedule of components of accumulated other comprehensive loss ("AOCL"), net of tax
The components of accumulated other comprehensive loss (“AOCL”), net of tax at December 31, 2016 and 2015, are as follows:
(in millions)
 
Foreign Currency Translation Adjustments
 
Unrecognized Pension and Other Post-Retirement Benefit Costs
 
Available for Sale Securities - Adjustments
 
Total
As of December 31, 2014
 
$
(86
)
 
$
(306
)
 
$
(5
)
 
$
(397
)
Other comprehensive (loss) income before reclassifications
 
(52
)
 
(26
)
 
7

 
(71
)
Amounts reclassified from AOCL
 
(3
)
 
11

 
(2
)
 
6

Net current period other comprehensive (loss) income
 
(55
)
 
(15
)
 
5

 
(65
)
As of December 31, 2015
 
(141
)
 
(321
)
 
—

 
(462
)
Other comprehensive (loss) income before reclassifications
 
(44
)
 
5

 
—

 
(39
)
Amounts reclassified from AOCL
 
2

 
133

 
—

 
135

Net current period other comprehensive (loss) income
 
(42
)
 
138

 
—

 
96

As of December 31, 2016
 
$
(183
)
 
$
(183
)
 
$
—

 
$
(366
)
  
Summary of reclassifications from AOCL to the Consolidated Statement of Operations
The following table summarizes the reclassifications from AOCL to the Consolidated Statement of Operations for the periods ending December 31, 2016, 2015 and 2014:
 
 
Amount Reclassified from AOCL
 
 
(in millions)
 
2016
 
2015
 
2014
 
Affected line item in the consolidated statement of operations
Foreign currency translation items:
 
 
 
 
 
 
 
 
Liquidation of consolidated entities
 
$
(2
)
 
$
8

 
$
—

 
Other income, net
(Loss) gain on sale of business (b)
 
—

 
(5
)
 
3

 
(Loss) gain on sale of business
Net of tax
 
(2
)
 
3

 
3

 
 
Defined benefit pension plan items:
 
 
 
 
 
 
 
 
Amortization of prior-service credits (a)
 
5

 
5

 
5

 
Primarily SG&A
Amortization of actuarial losses (a)
 
(10
)
 
(22
)
 
(18
)
 
Primarily SG&A
Settlement loss (a)
 
(162
)
 
—

 
(21
)
 
Pension settlement
Total before tax
 
(167
)
 
(17
)
 
(34
)
 
 
Total tax
 
34

 
6

 
3

 
Income tax (expense) benefit
Net of tax
 
(133
)
 
(11
)
 
(31
)
 
 
Available for sale securities:
 
 
 
 
 
 
 
 
Gain on sale of Platform shares
 
—

 
2

 
—

 
Other income, net
Net of tax
 
—

 
2

 
—

 
 
Total reclassifications
 
$
(135
)
 
$
(6
)
 
$
(28
)
 
 

(a) These items are included in the computation of net periodic benefit pension cost (see Note 13 - Pension and Other Post-Retirement Plans for additional information).
(b) Sale of the Chemtura AgroSolutions business (see Note 2 - Mergers and Divestitures)