Annual report pursuant to Section 13 and 15(d)

OTHER NONCURRENT ASSETS (Details)

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OTHER NONCURRENT ASSETS (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OTHER NONCURRENT ASSETS      
Capitalized turnaround costs, net $ 214 $ 248  
Spare parts inventory 92 95  
Deposits 46 45  
Catalyst assets, net 43 44  
Investment in available-for-sale securities 18 18  
Pension assets 6 35  
Other 88 88  
Total [1] 507 573  
Amortization expense of catalyst assets $ 17 $ 14 $ 13
[1] At December 31, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $27 and $26 of accounts and notes receivable (net), $46 and $54 of inventories, $5 each of other current assets, $284 and $307 of property, plant and equipment (net), $31 and $36 of intangible assets (net), $37 and $38 of other noncurrent assets, $90 and $82 of accounts payable, $34 and $27 of accrued liabilities, $14 and $15 of current portion of debt, $114 and $137 of longterm debt, and $76 and $54 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 8. Variable Interest Entities.”