Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES (Details)

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INVENTORIES (Details) - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Inventories    
Raw materials and supplies $ 329 $ 291
Work in progress 91 91
Finished goods 1,123 1,017
Total 1,543 1,399
LIFO reserves (57) (55)
Net inventories [1] $ 1,486 $ 1,344
Percentage of inventories recorded using the LIFO cost method 9.00% 9.00%
[1] At March 31, 2017 and December 31, 2016, respectively, $28 and $25 of cash and cash equivalents, $10 each of restricted cash, $33 and $27 of accounts and notes receivable (net), $42 and $46 of inventories, $6 and $5 of other current assets, $279 and $284 of property, plant and equipment (net), $32 and $31 of intangible assets (net), $37 each of other noncurrent assets, $86 and $90 of accounts payable, $32 and $34 of accrued liabilities, $21 and $14 of current portion of debt, $104 and $114 of longterm debt, and $77 and $76 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 5. Variable Interest Entities.”