Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES (Details)

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INVENTORIES (Details) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2011
Dec. 31, 2010
INVENTORIES    
Raw materials and supplies $ 403 $ 321
Work in progress 107 99
Finished goods 1,323 1,043
Total 1,833 1,463
LIFO reserves (87) (67)
Net 1,746 [1] 1,396 [1]
Percentage of inventories recorded using the LIFO cost method (as a percent) 10.00% 12.00%
Inventory under non-monetary open exchange agreements receivable 4 3
Receivables under other open exchange agreements $ 1  
[1] At June 30, 2011 and December 31, 2010, respectively, $66 and $7 of cash and cash equivalents, $2 and nil of restricted cash, $37 and $8 of accounts and notes receivable (net), $50 and $45 of inventories, $3 and $2 of other current assets, $429 and $275 of property, plant and equipment (net), $26 and $7 of intangible assets (net), $20 and $18 of other noncurrent assets, $74 and $56 of accounts payable, $19 and $16 of accrued liabilities, $27 and $15 of current portion of debt, $286 and $185 of long-term debt, and $98 and $109 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See Note 5. Variable Interest Entities.