Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES (Details)

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INVENTORIES (Details) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Inventories    
Raw materials and supplies $ 458us-gaap_InventoryRawMaterialsAndSupplies $ 508us-gaap_InventoryRawMaterialsAndSupplies
Work in progress 98us-gaap_InventoryWorkInProcess 96us-gaap_InventoryWorkInProcess
Finished goods 1,371us-gaap_InventoryFinishedGoods 1,494us-gaap_InventoryFinishedGoods
Total 1,927us-gaap_InventoryGross 2,098us-gaap_InventoryGross
LIFO reserves (58)us-gaap_InventoryLIFOReserve (73)us-gaap_InventoryLIFOReserve
Net Inventories $ 1,869us-gaap_InventoryNet [1] $ 2,025us-gaap_InventoryNet [1]
Percentage of inventories recorded using the LIFO cost method 9.00%us-gaap_PercentageOfLIFOInventory 9.00%us-gaap_PercentageOfLIFOInventory
[1] At March 31, 2015 and December 31, 2014, respectively, $54 and $46 of cash and cash equivalents, $9 and $10 of restricted cash, $41 each of accounts and notes receivable (net), $41 and $68 of inventories, $5 and $6 of other current assets, $326 and $339 of property, plant and equipment (net), $38 and $40 of intangible assets (net), $27 each of other noncurrent assets, $88 and $92 of accounts payable, $33 and $37 of accrued liabilities, $168 and $172 of current portion of debt, $30 and $36 of longterm debt, and $95 and $97 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 5. Variable Interest Entities.”