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, 2017
Dec. 31, 2016
Dec. 31, 2015
OTHER NONCURRENT ASSETS      
Capitalized turnaround costs, net $ 233 $ 214  
Spare parts inventory 91 79  
Deposits 52 46  
Catalyst assets, net 46 43  
Investment in available-for-sale securities   18  
Pension assets 22 1  
Other 53 71  
Total [1] 497 472  
Amortization expense of catalyst assets $ 15 $ 17 $ 14
[1] At December 31, 2017 and December 31, 2016, respectively, $15 and $20 of cash and cash equivalents, $11 and $10 of restricted cash, $35 and $21 of accounts and notes receivable (net), $46 and $45 of inventories, $7 and $5 of other current assets, $283 and $279 of property, plant and equipment (net), $10 each of intangible assets (net), $43 and $37 of other noncurrent assets, $109 and $89 of accounts payable, $32 and $30 of accrued liabilities, $21 and $12 of current portion of debt, $86 and $114 of longterm debt, and $98 and $76 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”