Registration of securities issued in business combination transactions

INVENTORIES (Details)

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INVENTORIES (Details) - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Inventories    
Raw materials and supplies $ 389 $ 508
Work in progress 125 96
Finished goods 1,221 1,494
Total 1,735 2,098
LIFO reserves (43) (73)
Net inventories [1] $ 1,692 $ 2,025
Percentage of inventories recorded using the LIFO cost method 9.00% 9.00%
[1] At December 31, 2015 and December 31, 2014, respectively, $34 and $46 of cash and cash equivalents, $12 and $10 of restricted cash, $26 and $41 of accounts and notes receivable (net), $54 and $68 of inventories, $5 and $6 of other current assets, $307 and $339 of property, plant and equipment (net), $36 and $40 of intangible assets (net), $38 and $27 of other noncurrent assets, $82 and $92 of accounts payable, $27 and $37 of accrued liabilities, $15 and $172 of current portion of debt, $137 and $36 of longterm debt, and $54 and $97 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”