Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES (Details)

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INVENTORIES (Details) - USD ($)
$ in Millions
Sep. 30, 2015
Dec. 31, 2014
Inventories    
Raw materials and supplies $ 472 $ 508
Work in progress 121 96
Finished goods 1,305 1,494
Total 1,898 2,098
LIFO reserves (48) (73)
Net Inventories [1] $ 1,850 $ 2,025
Percentage of inventories recorded using the LIFO cost method 10.00% 9.00%
[1] At September 30, 2015 and December 31, 2014, respectively, $42 and $46 of cash and cash equivalents, $4 and $10 of restricted cash, $35 and $41 of accounts and notes receivable (net), $45 and $68 of inventories, $6 each of other current assets, $313 and $339 of property, plant and equipment (net), $36 and $40 of intangible assets (net), $28 and $27 of other noncurrent assets, $72 and $92 of accounts payable, $29 and $37 of accrued liabilities, $19 and $172 of current portion of debt, $139 and $36 of longterm debt, and $99 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.”