Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES (Details)

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INVENTORIES (Details) - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Inventories    
Raw materials and supplies $ 482 $ 508
Work in progress 109 96
Finished goods 1,397 1,494
Total 1,988 2,098
LIFO reserves (50) (73)
Net Inventories [1] $ 1,938 $ 2,025
Percentage of inventories recorded using the LIFO cost method 9.00% 11.00%
[1] At June 30, 2015 and December 31, 2014, respectively, $28 and $46 of cash and cash equivalents, $9 and $10 of restricted cash, $42 and $41 of accounts and notes receivable (net), $51 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), $28 and $27 of other noncurrent assets, $77 and $92 of accounts payable, $33 and $37 of accrued liabilities, $18 and $172 of current portion of debt, $147 and $36 of longterm debt, and $97 each of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 5. Variable Interest Entities.”