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, 2011
Dec. 31, 2010
Inventories    
Raw materials and supplies $ 374 $ 321
Work in progress 92 99
Finished goods 1,162 1,043
Total 1,628 1,463
LIFO reserves (89) (67)
Net 1,539 [1] 1,396 [1]
Percentage of inventories recorded using the LIFO cost method 12.00% 12.00%
Inventory - non-monetary open exchange
    
Inventories    
Total $ 3 $ 3
[1] At December 31, 2011 and 2010, respectively, $44 and $7 of cash and cash equivalents, $2 and nil of restricted cash, $29 and $8 of accounts and notes receivable (net), $47 and $45 of inventories, $1 and $2 of other current assets, $403 and $275 of property, plant and equipment (net), $23 and $7 of intangible assets (net), $21 and $18 of other noncurrent assets, $55 and $56 of accounts payable, $21 and $16 of accrued liabilities, $16 and $15 of current portion of debt, $264 and $185 of long-term debt, and $111 and $109 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See "Note 7. Variable Interest Entities."