Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES (Details)

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INVENTORIES (Details) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2011
Dec. 31, 2010
INVENTORIES    
Raw materials and supplies $ 424 $ 321
Work in progress 99 99
Finished goods 1,258 1,043
Total 1,781 1,463
LIFO reserves (94) (67)
Net 1,687 [1] 1,396 [1]
Percentage of inventories recorded using the LIFO cost method (as a percent) 13.00% 12.00%
Inventory under non-monetary open exchange agreements receivable 15 3
Payables under other open exchange agreements $ 3  
[1] At September 30, 2011 and December 31, 2010, respectively, $61 and $7 of cash and cash equivalents, $2 and nil of restricted cash, $35 and $8 of accounts and notes receivable (net), $53 and $45 of inventories, $2 each of other current assets, $412 and $275 of property, plant and equipment (net), $24 and $7 of intangible assets (net), $21 and $18 of other noncurrent assets, $62 and $56 of accounts payable, $19 and $16 of accrued liabilities, $27 and $15 of current portion of debt, $279 and $185 of long-term debt, and $97 and $109 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See "Note 5. Variable Interest Entities."