Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES (Details)

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INVENTORIES (Details) - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Inventories    
Raw materials and supplies $ 218 $ 157
Work in progress 54 45
Finished goods 867 771
Total 1,139 973
LIFO reserves (55) (55)
Net inventories [1] $ 1,084 $ 918
Percentage of inventories recorded using the LIFO cost method 13.00% 13.00%
[1] At September 30, 2017 and December 31, 2016, respectively, $35 and $20 of cash and cash equivalents, $11 and $10 of restricted cash, $29 and $21 of accounts and notes receivable (net), $42 and $45 of inventories, $6 and $5 of other current assets, $272 and $279 of property, plant and equipment (net), $10 each of intangible assets (net), $39 and $37 of other noncurrent assets, $81 and $89 of accounts payable, $29 and $30 of accrued liabilities, $20 and $12 of current portion of debt, $94 and $114 of longterm debt, and $80 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.”