Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES (Details)

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INVENTORIES (Details) - USD ($)
$ in Millions
Sep. 30, 2016
Dec. 31, 2015
Inventories    
Raw materials and supplies $ 344 $ 389
Work in progress 104 125
Finished goods 1,044 1,221
Total 1,492 1,735
LIFO reserves (48) (43)
Net inventories [1] $ 1,444 $ 1,692
Percentage of inventories recorded using the LIFO cost method 9.00% 9.00%
Current assets held for sale    
Inventories    
Net inventories $ 18  
[1] At September 30, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $28 and $26 of accounts and notes receivable (net), $42 and $54 of inventories, $6 and $5 of other current assets, $291 and $307 of property, plant and equipment (net), $32 and $36 of intangible assets (net), $38 each of other noncurrent assets, $69 and $82 of accounts payable, $30 and $27 of accrued liabilities, $20 and $15 of current portion of debt, $114 and $137 of longterm debt, and $56 and $54 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 4. Variable Interest Entities.”