Alcoa 2012 Annual Report Download - page 125

L. Other Noncurrent Liabilities and Deferred Credits
December 31, 2012 2011
Fair value of derivative contracts (X) $ 606 $ 624
Asset retirement obligations (C) 535 503
Environmental remediation (N) 458 289
Deferred income taxes (T) 460 395
Deferred credit related to derivative contract (X) 330 -
Accrued compensation and retirement costs 322 304
Deferred alumina sales revenue 108 116
Other 259 197
$3,078 $2,428
M. Noncontrolling Interests
The following table summarizes the noncontrolling shareholders’ interests in the equity of Alcoa’s majority-owned
consolidated subsidiaries:
December 31, 2012 2011
Alcoa World Alumina and Chemicals $3,295 $3,324
Other 29 27
$3,324 $3,351
In 2012, 2011, and 2010, Alcoa received $171, $169, and $162, respectively, in contributions from the noncontrolling
shareholder (Alumina Limited) of Alcoa World Alumina and Chemicals.
N. Contingencies and Commitments
Contingencies
Litigation
Alba Civil Suit
On February 27, 2008, Alcoa Inc. (“Alcoa”) received notice that Aluminium Bahrain B.S.C. (“Alba”) had filed suit
against Alcoa, Alcoa World Alumina LLC (“AWA”), and William Rice (collectively, the “Alcoa Parties”), and others, in
the U.S. District Court for the Western District of Pennsylvania (the “Court”), Civil Action number 08-299, styled
Aluminium Bahrain B.S.C. v. Alcoa Inc., Alcoa World Alumina LLC, William Rice, and Victor Phillip Dahdaleh. The
complaint alleged that certain Alcoa entities and their agents, including Victor Phillip Dahdaleh, had engaged in a
conspiracy over a period of 15 years to defraud Alba. The complaint further alleged that Alcoa and its employees or
agents (1) illegally bribed officials of the government of Bahrain and/or officers of Alba in order to force Alba to purchase
alumina at excessively high prices, (2) illegally bribed officials of the government of Bahrain and/or officers of Alba and
issued threats in order to pressure Alba to enter into an agreement by which Alcoa would purchase an equity interest in
Alba, and (3) assigned portions of existing supply contracts between Alcoa and Alba for the sole purpose of facilitating
alleged bribes and unlawful commissions. The complaint alleged that Alcoa and the other defendants violated the
Racketeer Influenced and Corrupt Organizations Act (RICO) and committed fraud. Alba claimed damages in excess of
$1,000. Alba’s complaint sought treble damages with respect to its RICO claims; compensatory, consequential,
exemplary, and punitive damages; rescission of the 2005 alumina supply contract; and attorneys’ fees and costs.
In response to a motion filed by the U.S. Department of Justice (“DOJ”) on March 27, 2008 (see “Government
Investigations” below), the Court ordered the Alba civil suit administratively closed and stayed all discovery to allow
the DOJ to fully conduct an investigation. On November 8, 2011, at Alcoa’s request, the Court removed the case from
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