Annual report pursuant to Section 13 and 15(d)

INVENTORIES (Details)

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INVENTORIES (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Inventories    
Raw materials and supplies $ 508us-gaap_InventoryRawMaterialsAndSupplies $ 433us-gaap_InventoryRawMaterialsAndSupplies
Work in progress 96us-gaap_InventoryWorkInProcess 92us-gaap_InventoryWorkInProcess
Finished goods 1,494us-gaap_InventoryFinishedGoods 1,290us-gaap_InventoryFinishedGoods
Total 2,098us-gaap_InventoryGross 1,815us-gaap_InventoryGross
LIFO reserves (73)us-gaap_InventoryLIFOReserve (74)us-gaap_InventoryLIFOReserve
Net $ 2,025us-gaap_InventoryNet [1] $ 1,741us-gaap_InventoryNet [1]
Percentage of inventories recorded using the LIFO cost method 9.00%us-gaap_PercentageOfLIFOInventory 11.00%us-gaap_PercentageOfLIFOInventory
[1] At December 31, 2014 and December 31, 2013, respectively, $46 and $39 of cash and cash equivalents, $10 and $9 of restricted cash, $41 each of accounts and notes receivable (net), $68 and $54 of inventories, $6 and $3 of other current assets, $339 and $369 of property, plant and equipment (net), $40 and $17 of intangible assets (net), $27 and $28 of other noncurrent assets, $92 and $73 of accounts payable, $37 and $32 of accrued liabilities, $172 and $183 of current portion of debt, $36 and $64 of longterm debt, and $97 and $45 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”