Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES (Details)

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INVENTORIES (Details) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Inventories    
Raw materials and supplies $ 395 $ 374
Work in progress 103 92
Finished goods 1,226 1,162
Total 1,724 1,628
LIFO reserves (86) (89)
Net 1,638 [1] 1,539 [1]
Percentage of inventories recorded using the LIFO cost method 12.00% 12.00%
Inventory - non-monetary open exchange
    
Inventories    
Total 3 3
Inventory exchanges settled in cash    
Deferred profit from inventories exchanged under open exchange agreements settled in cash $ 2  
[1] At March 31, 2012 and December 31, 2011, respectively, $33 and $44 of cash and cash equivalents, $9 and $2 of restricted cash, $34 and $29 of accounts and notes receivable (net), $49 and $47 of inventories, $2 and $1 of other current assets, $399 and $403 of property, plant and equipment (net), $23 each of intangible assets (net), $22 and $21 of other noncurrent assets, $64 and $55 of accounts payable, $19 and $21 of accrued liabilities, $23 and $16 of current portion of debt, $256 and $264 of long-term debt, and $103 and $111 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See "Note 5. Variable Interest Entities."