Union Carbide 10-K 12 Feb 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)shares
Document and Entity Information [Abstract]
Entity Registrant Name	UNION CARBIDE CORP /NEW/
Entity Central Index Key	100,790
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding | shares	935.51
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float | $	$ 0

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net trade sales	$ 87	$ 82	$ 161
Net sales to related companies	5,755	6,835	6,787
Total Net Sales	5,842	6,917	6,948
Cost of sales	4,506	5,922	6,214
Research and development expenses	20	20	25
Selling, general and administrative expenses	8	9	12
Asbestos-related charge	0	(78)	0
Restructuring charges (credits)	(19)	3	0
Equity in earnings of nonconsolidated affiliates	4	7	82
Sundry income (expense) - net	(30)	14	308
Interest income	8	11	12
Interest expense and amortization of debt discount	28	32	32
Income Before Income Taxes	1,243	891	1,067
Provision for income taxes	435	304	319
Net Income Attributable to Union Carbide Corporation	$ 808	$ 587	$ 748

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net Income Attributable to Union Carbide Corporation	$ 808	$ 587	$ 748
Other Comprehensive Income (Loss), Net of Tax
Cumulative translation adjustments	2	15	(22)
Pension and other postretirement benefit plan adjustments	13	(213)	322
Total other comprehensive income (loss)	15	(198)	300
Comprehensive Income Attributable to Union Carbide Corporation	$ 823	$ 389	$ 1,048

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions		Dec. 31, 2015	Dec. 31, 2014
Current Assets
Cash and cash equivalents		$ 23	$ 23
Accounts receivable:
Trade (net of allowance for doubtful receivables - 2014: $-; 2013: $-)		13	29
Related companies		1,090	1,285
Other		36	67
Income taxes receivable		32	476
Notes receivable from related companies		1,296	1,292
Inventories		303	378
Deferred income taxes and other current assets		103	139
Total current assets		2,896	3,689
Investments
Investments in related companies		639	813
Investments in nonconsolidated affiliates		13	13
Other investments		33	8
Noncurrent receivables		44	44
Noncurrent receivables from related companies		62	131
Total investments		791	1,009
Property
Property		7,036	6,831
Less accumulated depreciation		5,735	5,679
Net property		1,301	1,152
Other Assets
Intangible assets (net of accumulated amortization 2014: $73; 2013: $72)		22	15
Deferred income tax assets - noncurrent		513	441
Asbestos-related insurance receivables - noncurrent		51	62
Deferred charges and other assets		32	41
Total other assets		618	559
Total Assets		5,606	6,409
Current Liabilities
Notes payable - related companies		25	43
Long-term Debt and Capital Lease Obligations, Current, Net of Current Portion of Unamortized Issuance Costs		1	1
Accounts payable:
Trade		220	248
Related companies		476	872
Other		18	17
Income taxes payable		92	20
Asbestos-related liabilities - current		65	105
Other Accrued Liabilities, Current		177	192
Total current liabilities		1,074	1,498
Long-term Debt and Capital Lease Obligations, Net of Unamortized Issuance Costs	[1]	476	477
Other Noncurrent Liabilities
Pension and other postretirement benefits - noncurrent		1,076	1,051
Asbestos-related liabilities - noncurrent		387	438
Other noncurrent obligations		292	136
Total other noncurrent liabilities		1,755	1,625
Stockholder's Equity
Common stock (authorized and issued: 1,000 shares of $0.01 par value each)		0	0
Additional paid-in capital		138	312
Retained earnings		3,391	3,740
Accumulated other comprehensive loss		(1,228)	(1,243)
Union Carbide Corporation's stockholder's equity		2,301	2,809
Total Liabilities and Equity		$ 5,606	$ 6,409
[1]	Presented in accordance with newly implemented ASU 2015-03. See Note 2 for further information.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Current Assets
Allowance for Doubtful Accounts Receivable	$ 0	$ 0
Other Assets
Other Intangible Assets (accumulated amortization)	$ 74	$ 73
Stockholders' Equity
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	1,000	1,000
Common Stock, Shares, Issued	935.51	1,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating Activities
Net Income Attributable to Union Carbide Corporation	$ 808	$ 587	$ 748
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	184	202	222
Provision (credit) for deferred income tax	(44)	349	(29)
Earnings of nonconsolidated affiliates less than (in excess of) dividends received	(1)	(7)	(21)
Net gains on sales of assets	(7)	(70)	(368)
Nonmonetary Transaction, Gain (Loss) Recognized on Transfer	(23)	0	0
Asbestos-related charge	0	(78)	0
Restructuring charges (credits)	19	(3)	0
Impairment of investment in related company	0	0	25	[1]
Pension contributions	(2)	(2)	(158)
Other, net	1	0	2
Changes in assets and liabilities, net of effects of divested companies:
Accounts and notes receivable	39	(19)	4
Related company receivables	191	217	(135)
Inventories	62	27	(3)
Accounts payable	(22)	28	(80)
Related company payables	(413)	484	(32)
Other assets and liabilities	561	(622)	105
Cash provided by operating activities	1,353	1,249	280
Investing Activities
Capital expenditures	(270)	(166)	(121)
Change in noncurrent receivable from related company	69	35	23
Proceeds from sale of ownership interest in nonconsolidated affiliate	0	0	13
Proceeds from sales of assets	40	153	411
Cash acquired in ownership transfer of property	5	0	0
Purchases of investments	27	0	0
Proceeds from sales of investments	1	0	0
Cash provided by (used in) investing activities	(182)	22	326
Financing Activities
Dividends paid to stockholder	(1,170)	(1,280)	(591)
Payments on long-term debt	(1)	(1)	0
Cash used in financing activities	(1,171)	(1,281)	(591)
Summary
Increase (decrease) in cash and cash equivalents	0	(10)	15
Cash and cash equivalents at beginning of year	23	33	18
Cash and cash equivalents at end of period	$ 23	$ 23	$ 33
[1]	See Note 17 for additional information.

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Millions	Total	Union Carbide Corporation's Stockholder's Equity [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss, Net of Tax [Member]	Noncontrolling Interest [Member]
Union Carbide Corporation's Stockholder's Equity, Beginning at Dec. 31, 2012			$ 0	$ 312	$ 4,355	$ (1,345)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock Repurchased and Retired During Period, Value				0
Net Income Attributable to Union Carbide Corporation	$ 748				748
Stockholders' Equity, Other					0
Dividends declared					(661)
Other comprehensive income (loss)	300					300
Union Carbide Corporation's Stockholder's Equity, Ending at Dec. 31, 2013		$ 3,709	0	312	4,442	(1,045)
Total Equity at Dec. 31, 2013	3,711
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Noncontrolling interests							$ 2
Stock Repurchased and Retired During Period, Value				0
Net Income Attributable to Union Carbide Corporation	587				587
Stockholders' Equity, Other					0
Dividends declared					(1,289)
Other comprehensive income (loss)	(198)					(198)
Union Carbide Corporation's Stockholder's Equity, Ending at Dec. 31, 2014	2,809	2,809	0	312	3,740	(1,243)
Total Equity at Dec. 31, 2014	2,809
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Noncontrolling interests							0
Stock Repurchased and Retired During Period, Value				(174)
Net Income Attributable to Union Carbide Corporation	808				808
Stockholders' Equity, Other					(13)
Dividends declared					(1,170)
Other comprehensive income (loss)	15					15
Union Carbide Corporation's Stockholder's Equity, Ending at Dec. 31, 2015	2,301	$ 2,301	$ 0	$ 138	$ 3,391	$ (1,228)
Total Equity at Dec. 31, 2015	$ 2,301
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Noncontrolling interests							$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation and Basis of Presentation Except as otherwise indicated by the context, the terms “Corporation” and “UCC” as used herein mean Union Carbide Corporation and its consolidated subsidiaries. The accompanying consolidated financial statements of the Corporation were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and include the assets, liabilities, revenues and expenses of all majority-owned subsidiaries over which the Corporation exercises control and, when applicable, entities for which the Corporation has a controlling financial interest. Intercompany transactions and balances are eliminated in consolidation. Investments in nonconsolidated affiliates (20-50 percent owned companies, joint ventures and partnerships) are accounted for using the equity method. The Corporation is a wholly owned subsidiary of The Dow Chemical Company (“Dow”). In accordance with the accounting requirements for wholly owned subsidiaries, the presentation of earnings per share is not required and therefore is not provided. Dow conducts its worldwide operations through global businesses, and the Corporation's business activities comprise components of Dow's global operations rather than stand-alone operations. The Corporation sells substantially all of its products to Dow at market-based prices, in accordance with Dow's long-standing intercompany pricing policy, in order to simplify the customer interface process. Because there are no separable reportable business segments for UCC and no detailed business information is provided to a chief operating decision maker regarding the Corporation's stand-alone operations, the Corporation's results are reported as a single operating segment. As a result of the early adoption of Accounting Standards Update 2015-03 "Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs," certain reclassifications of prior years' footnote disclosure amounts have been made to conform to the 2015 presentation. Related Companies Transactions with the Corporation's parent company, Dow, or other Dow subsidiaries have been reflected as related company transactions in the consolidated financial statements. Use of Estimates in Financial Statement Preparation The preparation of financial statements in accordance with U.S. GAAP requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. The Corporation's consolidated financial statements include amounts that are based on management's best estimates and judgments. Actual results could differ from those estimates. Foreign Currency Translation While the Corporation's consolidated subsidiaries are primarily based in the United States, the Corporation has small subsidiaries in Asia Pacific and the rest of the world. For those subsidiaries, the local currency has been primarily used as the functional currency. Translation gains and losses of those operations that use local currency as the functional currency are included in the consolidated balance sheets in "Accumulated other comprehensive loss" ("AOCL"). Where the U.S. dollar is used as the functional currency, foreign currency gains and losses are reflected in income. Environmental Matters Accruals for environmental matters are recorded when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated based on current law and existing technologies. These accruals are adjusted periodically as assessment and remediation efforts progress or as additional technical or legal information becomes available. Accruals for environmental liabilities are included in the consolidated balance sheets in “Accrued and other current liabilities” and “Other noncurrent obligations” at undiscounted amounts. Accruals for related insurance or other third-party recoveries for environmental liabilities are recorded when it is probable that a recovery will be realized and are included in the consolidated balance sheets as “Accounts receivable - Other.” Environmental costs are capitalized if the costs extend the life of the property, increase its capacity, and/or mitigate or prevent contamination from future operations. Environmental costs are also capitalized in recognition of legal asset retirement obligations resulting from the acquisition, construction and/or normal operation of a long-lived asset. Costs related to environmental contamination treatment and cleanup are charged to expense. Estimated future incremental operations, maintenance and management costs directly related to remediation are accrued when such costs are probable and reasonably estimable. Cash and Cash Equivalents Cash and cash equivalents include time deposits and investments with maturities of three months or less at the time of purchase. Financial Instruments The Corporation calculates the fair value of financial instruments using quoted market prices whenever available. When quoted market prices are not available for various types of financial instruments (such as forwards, options and swaps), the Corporation uses standard pricing models with market-based inputs that take into account the present value of estimated future cash flows. Inventories Inventories are stated at the lower of cost or market. The method of determining cost for each subsidiary varies among last-in, first-out (“LIFO”); first-in, first-out (“FIFO”); and average cost, and is used consistently from year to year. The Corporation routinely exchanges and swaps raw materials and finished goods with other companies to reduce delivery time, freight and other transportation costs. These transactions are treated as non-monetary exchanges and are valued at cost. Property Land, buildings and equipment, including property under capital lease agreements, are carried at cost less accumulated depreciation. Depreciation is based on the estimated service lives of depreciable assets and is calculated using the straight-line method. Fully depreciated assets are retained in property and accumulated depreciation accounts until they are removed from service. In the case of disposals, assets and related accumulated depreciation are removed from the accounts, and the net amounts, less proceeds from disposal, are included in income. Impairment and Disposal of Long-Lived Assets The Corporation evaluates long-lived assets and certain identifiable intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. When undiscounted future cash flows are not expected to be sufficient to recover an asset's carrying amount, the asset is written down to its fair value based on bids received from third parties or a discounted cash flow analysis based on market participant assumptions. Long-lived assets to be disposed of by sale, if material, are classified as held for sale and reported at the lower of carrying amount or fair value less cost to sell, and depreciation is ceased. Long-lived assets to be disposed of other than by sale are classified as held and used until they are disposed of and reported at the lower of carrying amount or fair value, and depreciation is recognized over the remaining useful life of the assets. Asset Retirement Obligations The Corporation records asset retirement obligations as incurred and reasonably estimable, including obligations for which the timing and/or method of settlement are conditional on a future event that may or may not be within the control of the Corporation. The fair values of obligations are recorded as liabilities on a discounted basis and are accreted over time for the change in present value. Costs associated with the liabilities are capitalized and amortized over the estimated remaining useful life of the asset, generally for periods of 10 years or less. Investments in Related Companies Investments in related companies consist of the Corporation's ownership interests in Dow subsidiaries located in North America and Latin America. The Corporation accounts for these investments using the cost method as it does not have significant influence over the operating and financial policies of these related companies. Investments Investments in debt securities are classified as available-for-sale and reported at fair value with unrealized gains and losses recorded in AOCL. The cost of investments sold is determined by specific identification. The Corporation routinely reviews available-for-sale securities for other-than-temporary declines in fair value below the cost basis, and when events or changes in circumstances indicate the carrying value of an asset may not be recoverable, the security is written down to fair value establishing a new cost basis. Revenue Substantially all of the Corporation's revenues are generated by sales to Dow. Approximately 99 percent of the Corporation's sales are related to sales of product ( 99 percent in 2014 and 97 percent in 2013 ); the remaining 1 percent is related to the licensing of patents and technology ( 1 percent in 2014 and 3 percent in 2013 ). Revenue for product sales to related companies is recognized as risk and title to the product transfer to the related company, which occurs either at the time production is complete or free on board (“FOB”) UCC's manufacturing facility, in accordance with the sales agreement between the Corporation and Dow. Revenue for product sales is recognized as risk and title to the product transfer to the customer, which for trade sales, usually occurs at the time shipment is made. As such, title to the product passes when the product is delivered to the freight carrier. UCC's standard terms of delivery are included in its contracts of sale, order confirmation documents, and invoices. Freight costs and any directly related costs of transporting finished product to customers are recorded as “Cost of sales” in the consolidated statements of income. Revenue related to the initial licensing of patents and technology is recognized when earned; revenue related to running royalties is recognized according to licensee production levels. Legal Costs The Corporation expenses legal costs as incurred. Accruals for legal matters are recorded when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated. Severance Costs Management routinely reviews its operations around the world in an effort to ensure competitiveness across its operations and geographic areas. When the reviews result in a workforce reduction related to the shutdown of facilities or other optimization activities, severance benefits are provided to employees primarily under ongoing benefit arrangements. These severance costs are accrued once management commits to a plan of termination including the number of employees to be terminated, their job classifications or functions, their locations and the expected termination date. Income Taxes The Corporation accounts for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences of temporary differences between the carrying amounts and tax bases of assets and liabilities using enacted tax rates. The effect of a change in tax rates on deferred tax assets or liabilities is recognized in income in the period that includes the enactment date. The Corporation is included in Dow's consolidated federal income tax group and consolidated income tax return. The Corporation accounts for its income taxes following the formula in the Dow-UCC Tax Sharing Agreement used to compute the amount due to Dow or UCC for UCC's share of taxable income and tax attributes on Dow's consolidated income tax return. This method generally follows the separate return method. The amounts reported as income taxes payable or receivable represent the Corporation's payment obligation (or refundable amount) to Dow based on a theoretical tax liability calculated on a separate return method. Annual tax provisions include amounts considered sufficient to pay assessments that may result from examinations of prior year tax returns; however, the amount ultimately paid upon resolution of issues raised may differ from the amounts accrued. The Corporation recognizes the financial statement effects of an uncertain income tax position when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. The Corporation accrues for non-income tax contingencies when it is probable that a liability to a taxing authority has been incurred and the amount of the contingency can be reasonably estimated. The current portion of uncertain income tax positions is included in “Income taxes payable” and the long-term portion is included in “Other noncurrent obligations” in the consolidated balance sheets. Provision is made for taxes on undistributed earnings of foreign subsidiaries and related companies to the extent that such earnings are not deemed to be permanently invested.

RECENT ACCOUNTING GUIDANCE

RECENT ACCOUNTING GUIDANCE	12 Months Ended
	Dec. 31, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Guidance [Text Block]	RECENT ACCOUNTING GUIDANCE Recently Adopted Accounting Guidance During the fourth quarter of 2014, the Corporation adopted Accounting Standard Update ("ASU") 2014-08, "Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity," which changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. This ASU was effective for fiscal years beginning on or after December 15, 2014, and interim periods within those years. Early adoption was permitted, but only for disposals (or classifications as held for sale) that had not been reported in the financial statements previously issued or available for issuance. The adoption of this standard did not have a material impact on the consolidated financial statements. During the fourth quarter of 2015, the Corporation adopted ASU 2015-03, "Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs," which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the carrying value of the associated debt liability, and amortization of those costs should be reported as interest expense. This ASU is effective for annual and interim periods beginning after December 15, 2015, and early adoption is permitted for financial statements that have not been previously issued. The new guidance should be applied on a retrospective basis for each period presented in the balance sheet. This change is reflected in "Deferred charges and other assets" and "Long-Term Debt" in the consolidated balance sheets on a retrospective basis and did not have a material impact on the consolidated financial statements. Accounting Guidance Issued But Not Adopted as of December 31, 2015 In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU 2014-09, "Revenue from Contracts with Customers (Topic 606)," which is the new comprehensive revenue recognition standard that will supersede all existing revenue recognition guidance under U.S. GAAP. The standard's core principle is that a company will recognize revenue when it transfers promised goods or services to a customer in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. ASU 2015-14, "Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date," which was issued in August 2015, revised the effective date for this ASU to annual and interim periods beginning on or after December 15, 2017, with early adoption permitted, but not earlier than the original effective date of annual and interim periods beginning on or after December 15, 2016, for public entities. Entities will have the option of using either a full retrospective approach or a modified approach to adopt the guidance in ASU 2014-09. The Corporation is currently evaluating the impact of adopting this guidance. In July 2015, the FASB issued ASU 2015-11, "Inventory (Topic 330): Simplifying the Measurement of Inventory," which applies to inventory that is measured using first-in, first-out ("FIFO") or average cost. Under the updated guidance, an entity should measure inventory that is within scope at the lower of cost and net realizable value, which is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory that is measured using last-in, first-out ("LIFO"). This ASU is effective for annual and interim periods beginning after December 15, 2016, and should be applied prospectively with early adoption permitted at the beginning of an interim or annual reporting period. The Corporation is currently evaluating the impact of adopting this guidance. In November 2015, the FASB issued ASU 2015-17, "Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes," which simplifies the presentation of deferred income taxes by requiring that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. This ASU is effective for financial statements issued for annual periods beginning after December 16, 2016, and interim periods within those annual periods. The Corporation will early adopt the new guidance in the first quarter of 2016 and apply the new guidance on a retrospective basis. In January 2016, the FASB issued ASU 2016-01, "Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities," which amends the guidance in U.S. GAAP on the classification and measurement of financial instruments. Changes to the current guidance primarily affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, the ASU clarifies guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The new standard is effective for fiscal years and interim periods beginning after December 15, 2017, and upon adoption, an entity should apply the amendments by means of a cumulative-effect adjustment to the balance sheet at the beginning of the first reporting period in which the guidance is effective. Early adoption is not permitted except for the provision to record fair value changes for financial liabilities under the fair value option resulting from instrument-specific credit risk in other comprehensive income. The Corporation is currently evaluating the impact of adopting this guidance.

RESTRUCTURING

RESTRUCTURING	12 Months Ended
	Dec. 31, 2015
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure [Text Block]	RESTRUCTURING On April 29, 2015, the Corporation approved actions to improve the cost effectiveness of the Corporation's global operations and further streamline the organization. These actions will affect approximately 16 positions and resulted in the shutdown of a manufacturing facility that produces water soluble polymers in Institute, West Virginia, in the fourth quarter of 2015. These actions are expected to be completed by the end of the first quarter in 2017. As a result of these actions, the Corporation recorded pretax restructuring charges of $18 million in the second quarter of 2015 consisting of costs associated with exit or disposal activities of $2 million , severance costs of $2 million and asset write-downs and write-offs of $14 million . The impact of these charges is shown as "Restructuring charges (credits)" in the consolidated statements of income. In the fourth quarter of 2015, the Corporation recorded an additional charge of $1 million related to the separation of an additional 8 positions, primarily by March 31, 2017. At December 31, 2015, severance of $1 million had been paid, leaving a liability of $2 million for approximately 15 employees. The Corporation expects to incur additional costs in the future related to restructuring activities, as UCC continually looks for ways to enhance the efficiency and cost effectiveness of its operations. Future costs are expected to include demolition costs related to the closed facilities; these will be recognized as incurred. The Corporation also expects to incur additional employee­related costs, including involuntary termination benefits, related to its other optimization activities. These costs cannot be reasonably estimated at this time. 2014 Adjustment to the 4Q12 Restructuring Plan In 2014, the Corporation reduced the 4Q12 restructuring reserve related to contract cancellations fees by $3 million .

DIVESTITURES

DIVESTITURES	12 Months Ended
	Dec. 31, 2015
Divestitures [Abstract]
Divestitures [text block]	DIVESTITURES Divestiture of Methylmercapto Propionaldehyde Assets On November 1, 2015, the Corporation completed the sale of its assets related to the production of methylmercapto propionaldehyde ("MMP") at the St. Charles Operations site in Taft, Louisiana to MMP SCO, LLC ("Novus"), a subsidiary of Novus International, Inc., for net proceeds of $31 million . Included in the divestiture was the Corporation's MMP manufacturing facility as well as inventory. The Corporation will continue to operate and provide services to the MMP facility under separate agreements with Novus. The net proceeds were included in "Accrued and other current liabilities" and "Other noncurrent obligations" in the consolidated balance sheets as a deferred gain and will be amortized to "Sundry income (expense) - net" in the consolidated statements of income over the 25-year term of the operating agreements. The transaction also included a 25-year acrolein supply agreement containing an upfront payment of $42.5 million which is reflected in "Accrued and other current liabilities" and "Other noncurrent obligations" in the consolidated balance sheets and will be amortized to "Net trade sales" over the 25-year term of the agreement. Proceeds of $10 million for the sale of two related patents resulted in a pretax gain of $10 million and is included in "Sundry income (expense) - net" in the consolidated statements of income. Divestiture of Polypropylene Licensing and Catalysts Business On October 11, 2013, Dow entered into a definitive agreement to sell its global Polypropylene Licensing and Catalysts business to W.R. Grace & Co., which included the Corporation's polypropylene catalysts manufacturing facility in Norco, Louisiana as well as customer contracts, accounts receivable, licenses, intellectual property and inventory. On December 2, 2013, the sale was completed and proceeds allocated to the Corporation for the sale were $398 million , net of working capital adjustments and costs to sell, with proceeds subject to customary post-closing adjustments, which were finalized in the fourth quarter of 2014. The carrying amount of the assets divested on December 2, 2013, are noted below: Assets Divested In millions December 2, 2013 Accounts receivable $ 4 Inventories 19 Net property 7 Total assets divested $ 30 The Corporation recognized a pretax gain of $368 million on the sale, included in "Sundry income (expense) - net" in the consolidated statements of income and an after-tax gain of $233 million . Post-closing adjustments were finalized in the fourth quarter of 2014 and the Corporation recorded a pretax gain of $4 million ( $3 million after tax) for the post-closing adjustments. The gain was included in "Sundry income (expense) - net" in the consolidated statements of income.

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2015
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	INVENTORIES The following table provides a breakdown of inventories: Inventories at December 31 In millions 2015 2014 Finished goods $ 157 $ 205 Work in process 22 30 Raw materials 39 45 Supplies 85 98 Total inventories $ 303 $ 378 The reserves reducing inventories from a FIFO basis to a LIFO basis amounted to $49 million at December 31, 2015 and $125 million at December 31, 2014 . Inventories that were valued on a LIFO basis, principally U.S. chemicals and plastics product inventories, represented 67 percent of the total inventories at December 31, 2015 , and 67 percent of the total inventories at December 31, 2014 . A reduction of certain inventories resulted in the liquidation of some of the Corporation's LIFO inventory layers, which decreased pretax income $14 million in 2015 and had an immaterial impact on pretax income in 2014 and 2013 .

PROPERTY

PROPERTY	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	PROPERTY Property at December 31 Estimated Useful In millions Lives (Years) 2015 2014 Land — $ 69 $ 49 Land and waterway improvements 15-25 209 208 Buildings 5-50 420 419 Machinery and equipment 3-20 5,809 5,744 Utility and supply lines 5-20 164 158 Other property 3-30 98 96 Construction in progress — 267 157 Total property $ 7,036 $ 6,831 In millions 2015 2014 2013 Depreciation expense $ 160 $ 176 $ 204 Manufacturing maintenance and repair costs $ 353 $ 295 $ 304 Capitalized interest $ 10 $ 5 $ 5

NONCONSOLIDATED AFFILIATES

NONCONSOLIDATED AFFILIATES	12 Months Ended
	Dec. 31, 2015
Nonconsolidated Affiliates [Abstract]
Equity Method Investments Disclosure [Text Block]	NONCONSOLIDATED AFFILIATES The Corporation's investments in companies accounted for by the equity method (“nonconsolidated affiliates”) were $13 million at December 31, 2015 and $13 million at December 31, 2014 . Dividends received from nonconsolidated affiliates were $2 million in 2015 , zero in 2014 and $62 million in 2013 . Undistributed earnings of nonconsolidated affiliates included in retained earnings were $8 million at December 31, 2015 and $7 million at December 31, 2014 . All of the nonconsolidated affiliates in which the Corporation has investments are privately held companies; therefore, quoted market prices are not available. Principal Nonconsolidated Affiliates Divestiture On January 31, 2013, UCC entered into a definitive agreement to sell its 50 percent ownership interest in NUC to TonenGeneral Sekiyu K. K. On July 1, 2013, the sale was completed for $13 million . As a result of this share sale, the Corporation reclassified a $20 million gain, primarily attributable to cumulative translation adjustments, from "Accumulated other comprehensive loss" into earnings and is included in "Sundry income (expense) - net" in the consolidated statements of income for the year ended December 31, 2013. Including this reclassification, the sale resulted in no pretax gain or loss. Stock Dividend On September 26, 2013, UCC declared a stock dividend to Dow of its 100 percent ownership interest in Union Carbide Subsidiary C, Inc., which included UCC's full ownership interest in Univation. This stock dividend was effective on September 29, 2013 and totaled $70 million . The Corporation had no investment in principal nonconsolidated affiliates at December 31, 2015 and December 31, 2014 , and its equity in earnings was zero in 2015 , zero in 2014 and $84 million in 2013 . The summarized income statement information presented below represents the combined accounts (at 100 percent) of the principal nonconsolidated affiliates. Summarized Income Statement Information In millions 2015 2014 2013 (1) Sales $ — $ — $ 452 Gross profit $ — $ — $ 208 Net income $ — $ — $ 142 (1) Income statement information for NUC is for the six-month period ended June 30, 2013 and income statement information for Univation is for the nine-month period ended September 30, 2013.

INVESTMENTS IN RELATED COMPANIE

INVESTMENTS IN RELATED COMPANIES	12 Months Ended
	Dec. 31, 2015
Investments in Related Companies [Abstract]
Cost-method Investments, Description [Text Block]	INVESTMENTS IN RELATED COMPANIES The Corporation's ownership interests in related companies at December 31, 2015 and 2014 were as follows: Investments in Related Companies at December 31 Ownership Interest Investment Balance In millions (except percentages) 2015 2014 2015 2014 Dow International Holdings Company 15 % 19 % $ 633 $ 807 Dow Quimica Argentina S.A. 23 % 23 % — — Dow Quimica Mexicana S.A. de C.V. 15 % 15 % 5 5 Other — % — % 1 1 Total Investments in Related Companies $ 639 $ 813 On October 5, 2015, (i) Dow completed the transfer of its U.S. Gulf Coast Chlor-Alkali and Vinyl, Global Chlorinated Organics and Global Epoxy businesses into a new company ("Splitco"), (ii) participating Dow shareholders tendered, and Dow accepted, Dow shares for Splitco shares in a public exchange offer, and (iii) Splitco merged with a wholly owned subsidiary of Olin Corporation in a tax-efficient Reverse Morris Trust transaction (collectively, the "Transaction"). As part of the Transaction, Dow established a separate legal entity structure to hold the relevant assets to be carved out from the existing Dow structure. To facilitate the Transaction, all entities in Europe and Asia Pacific were aligned under one single entity, with shares owned entirely by Dow. In order to align entity ownership under Dow, entities distributed their shares to Dow through either a series of dividends or share redemptions. As a result, in September 2015, UCC redeemed 462.7096 shares of common stock of Dow International Holdings Company ("DIHC"), a cost method investment, in exchange for stock in Blue Cube International Holdings, LLC ("BCIH"). Prior to the distribution, UCC had a 19.1 percent ownership interest in DIHC with the other 80.9 percent owned by Dow and its other wholly-owned subsidiaries. After the distribution, UCC's investment in DIHC was reduced to 15 percent and resulted in a reduction in investments in related companies of $174 million . UCC then transferred and distributed to Dow all of its membership interest in BCIH in exchange for 64.58 shares of its common stock held by Dow. Dow will continue to own 100 percent of UCC. As part of the final settlement, an adjustment was made to the shares of UCC common stock that were exchanged by Dow, bringing the final number of UCC common stock exchanged with Dow to 64.49 shares. The impact of these transactions are reflected in "Investments in related companies" and "Additional paid-in capital" in the consolidated balance sheets. In the fourth quarter of 2014, UCC authorized a distribution to Dow of its shares of common stock in GWN Holdings, Inc. ("GWN"). Prior to the stock distribution, GWN was owned 6.3 percent by UCC and 93.7 percent by Dow and its other wholly owned subsidiaries. Prior to this distribution, UCC's investment in GWN was $10 million , accounted for as a cost method investment. No gain or loss was recorded on the stock distribution.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2015
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets Disclosure [Text Block]	INTANGIBLE ASSETS The following table provides information regarding the Corporation's intangible assets: Intangible Assets at December 31 2015 2014 In millions Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Intangible assets with finite lives: Licenses and intellectual property $ 33 $ (33 ) $ — $ 33 $ (33 ) $ — Software 63 (41 ) 22 55 (40 ) 15 Total intangible assets $ 96 $ (74 ) $ 22 $ 88 $ (73 ) $ 15 The following table provides information regarding amortization expense: Amortization Expense In millions 2015 2014 2013 Software (1) $ 2 $ 2 $ 2 (1) Included in “Cost of sales” in the consolidated statements of income. Total estimated amortization expense for the next five fiscal years is as follows: Estimated Amortization Expense for Next Five Years In millions 2016 $ 3 2017 $ 3 2018 $ 4 2019 $ 4 2020 $ 3

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2015
Financial Instruments [Abstract]
Financial Instruments Text Block	FINANCIAL INSTRUMENTS Investments The Corporation's investments in marketable securities are classified as available-for-sale. Proceeds from sales of available-for-sale securities in 2015 were $1 million ( zero in 2014 and 2013 ). Portfolio managers regularly review all of the Corporation's holdings to determine if any investments are other-than-temporarily impaired. The analysis includes reviewing the amount of the impairment, as well as the length of time it has been impaired. In addition, specific guidelines for each instrument type are followed to determine if an other-than-temporary impairment has occurred. At December 31, 2015 and December 31, 2014 , there were no impairment indicators or circumstances that would result in a material adjustment of these investments. The Corporation's investments in debt securities, shown below, had contractual maturities of less than 10 years at December 31, 2015 . Fair Value of Financial Instruments: At December 31, 2015 At December 31, 2014 In millions Cost Gain Loss Fair Value Cost Gain Loss Fair Value Debt securities (1) $ 4 $ — $ — $ 4 $ 5 $ — $ — $ 5 Long-term debt (2) $ (477 ) $ — $ (96 ) $ (573 ) $ (478 ) $ — $ (123 ) $ (601 ) (1) Marketable securities are included in “Other investments” in the consolidated balance sheets. (2) Presented in accordance with newly implemented ASU 2015-03. See Note 2 for further information. Cost approximates fair value for all other financial instruments.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	FAIR VALUE MEASUREMENTS Fair Value Measurements on a Recurring Basis The following table summarizes the basis used to measure certain assets and liabilities at fair value on a recurring basis: Basis of Fair Value Measurements on a Recurring Basis at December 31 Significant Other Observable Inputs (Level 2) Significant Other Observable Inputs (Level 2) In millions 2015 2014 Assets at fair value: Debt securities (1) $ 4 $ 5 Liabilities at fair value: Long-term debt (2) $ 573 $ 601 (1) Included in “Other investments” in the consolidated balance sheets. (2) See Note 10 for information on fair value measurements of long-term debt. For assets and liabilities classified as Level 2 measurements, where the security is frequently traded in less active markets, fair value is based on the closing price at the end of the period; where the security is less frequently traded, fair value is based on the price a dealer would pay for the security or similar securities, adjusted for any terms specific to that asset or liability, or by using observable market data points of similar, more liquid securities to imply the price. Market inputs are obtained from well-established and recognized vendors of market data and subjected to tolerance/quality checks. Assets that are measured using significant other observable inputs are primarily valued by reference to quoted prices of similar assets in active markets, adjusted for any terms specific to that asset. For all other assets for which observable inputs are used, fair value is derived through the use of fair value models, such as a discounted cash flow model or other standard pricing models. There were no transfers between Levels 1 and 2 during the years ended December 31, 2015 and 2014 .

SUPPLEMENTARY INFORMATION

SUPPLEMENTARY INFORMATION	12 Months Ended
	Dec. 31, 2015
Supplementary Information [Abstract]
Supplementary Information [Text Block]	SUPPLEMENTARY INFORMATION Sundry Income (Expense) - Net In millions 2015 2014 2013 Dow administrative and overhead fees (1) $ (30 ) $ (26 ) $ (25 ) Net commission expense - related company (1) (22 ) (21 ) (17 ) Net gain on ownership transfer of property 23 — — Net gain on sale of patents (2) 10 — — Net gain (loss) on sales of property (3 ) 4 — Net gain on sale of railcar fleet (1) — 66 — Dividend income - related companies (1) — 12 16 Reclassification of cumulative translation adjustment — (16 ) — Net gain on sale of Dow's Polypropylene Licensing and Catalysts business (2) — 4 368 Impairment of investment in related company (1) — — (25 ) Foreign exchange loss (2 ) — (2 ) Other - net (6 ) (9 ) (7 ) Total sundry income (expense) - net $ (30 ) $ 14 $ 308 (1) See Note 17 for additional information. (2) See Note 4 for additional information. Accrued and Other Current Liabilities "Accrued and other current liabilities" were $177 million at December 31, 2015 and $192 million at December 31, 2014 . The current portion of the Corporation's accrued obligations for environmental matters, which is a component of "Accrued and other current liabilities," was $56 million at December 31, 2015 and $69 million at December 31, 2014 (see Note 13 for additional information). No other component of accrued and other current liabilities was more than 5 percent of total current liabilities. Supplementary Cash Flow Information In millions 2015 2014 2013 Cash payments for interest $ 39 $ 37 $ 37 Cash payments (refunds) for income taxes $ (125 ) $ 555 $ 322

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	COMMITMENTS AND CONTINGENT LIABILITIES Environmental Matters Accruals for environmental matters are recorded when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated, based on current law and existing technologies. At December 31, 2015 , the Corporation had accrued obligations of $115 million for probable environmental remediation and restoration costs, including $21 million for the remediation of Superfund sites. These obligations are included in "Accrued and other current liabilities" and "Other noncurrent obligations" in the consolidated balance sheets. This is management's best estimate of the costs for remediation and restoration with respect to environmental matters for which the Corporation has accrued liabilities, although it is reasonably possible that the ultimate cost with respect to these particular matters could range up to approximately three times that amount. Consequently, it is reasonably possible that environmental remediation and restoration costs in excess of amounts accrued could have a material impact on the Corporation's results of operations, financial condition and cash flows. It is the opinion of the Corporation's management, however, that the possibility is remote that costs in excess of the range disclosed will have a material impact on the Corporation's results of operations, financial condition and cash flows. Inherent uncertainties exist in these estimates primarily due to unknown environmental conditions, changing governmental regulations and legal standards regarding liability, and emerging remediation technologies for handling site remediation and restoration. At December 31, 2014 , the Corporation had accrued obligations of $132 million for probable environmental remediation and restoration costs, including $22 million for the remediation of Superfund sites. The following table summarizes the activity in the Corporation's accrued obligations for environmental matters for the years ended December 31, 2015 and 2014 : Accrued Liability for Environmental Matters In millions 2015 2014 Balance at January 1 $ 132 $ 126 Additional accruals 61 62 Charges against reserve (76 ) (56 ) Foreign currency impact (2 ) — Balance at December 31 $ 115 $ 132 The amounts charged to income on a pretax basis related to environmental remediation totaled $58 million in 2015 , $62 million in 2014 and $80 million in 2013 . Capital expenditures for environmental protection were $14 million in 2015 , $6 million in 2014 and $2 million in 2013 . Litigation The Corporation is involved in a number of legal proceedings and claims with both private and governmental parties. These cover a wide range of matters, including, but not limited to: product liability; trade regulation; governmental regulatory proceedings; health, safety and environmental matters; employment; patents; contracts; taxes; and commercial disputes. Asbestos-Related Matters Separately, the Corporation is and has been involved in a large number of asbestos-related suits filed primarily in state courts during the past four decades. These suits principally allege personal injury resulting from exposure to asbestos-containing products and frequently seek both actual and punitive damages. The alleged claims primarily relate to products that UCC sold in the past, alleged exposure to asbestos-containing products located on UCC's premises, and UCC's responsibility for asbestos suits filed against a former UCC subsidiary, Amchem Products, Inc. (“Amchem”). In many cases, plaintiffs are unable to demonstrate that they have suffered any compensable loss as a result of such exposure, or that injuries incurred in fact resulted from exposure to the Corporation's products. The Corporation expects more asbestos-related suits to be filed against UCC and Amchem in the future, and will aggressively defend or reasonably resolve, as appropriate, both pending and future claims. Estimating the Liability Based on a study completed by Analysis, Research & Planning Corporation (“ARPC”) in January 2003, the Corporation increased its December 31, 2002 asbestos-related liability for pending and future claims for the 15-year period ending in 2017 to $2.2 billion , excluding future defense and processing costs. Since then, the Corporation has compared current asbestos claim and resolution activity to the results of the most recent ARPC study at each balance sheet date to determine whether the accrual continues to be appropriate. In addition, the Corporation has requested ARPC to review the Corporation's historical asbestos claim and resolution activity each year since 2004 to determine the appropriateness of updating the most recent ARPC study. In October 2013, the Corporation requested ARPC to review its historical asbestos claim and resolution activity and determine the appropriateness of updating its December 2012 study. In response to that request, ARPC reviewed and analyzed data through September 30, 2013. In December 2013, ARPC stated that an update of its study would not provide a more likely estimate of future events than the estimate reflected in its December 2012 study and, therefore, the estimate in that study remained applicable. Based on the Corporation's own review of the asbestos claim and resolution activity and ARPC's response, the Corporation determined that no change to the accrual was required. In October 2014, the Corporation requested ARPC to review its historical asbestos claim and resolution activity and determine the appropriateness of updating its December 2012 study. In response to that request, ARPC reviewed and analyzed data through September 30, 2014. The resulting study, completed by ARPC in December 2014, estimates that the undiscounted cost of disposing of pending and future claims against UCC and Amchem, excluding future defense and processing costs, to be between $540 million and $640 million through 2029 based on the data as of September 30, 2014. As in earlier studies, ARPC provided longer periods of time in its December 2014 study, but also reaffirmed that forecasts for shorter periods of time are more accurate than those for longer periods of time. In December 2014, based on ARPC's December 2014 study and the Corporation's own review of the asbestos claim and resolution activity, the Corporation determined that an adjustment to the accrual was required due to the increase in mesothelioma claim activity compared with what had been forecasted in the December 2012 study. Accordingly, the Corporation increased its asbestos-related liability for pending and future claims by $78 million and is included in "Asbestos-related charge" in the consolidated statement of income. The Corporation's asbestos-related liability for pending and future claims was $513 million at December 31, 2014, and approximately 22 percent of the recorded liability related to pending claims and approximately 78 percent related to future claims. In October 2015, the Corporation requested ARPC to review its historical asbestos claim and resolution activity and determine the appropriateness of updating its December 2014 study. In response to that request, ARPC reviewed and analyzed data through September 30, 2015. In December 2015, ARPC stated that an update of its study would not provide a more likely estimate of future events than the estimate reflected in its December 2014 study and, therefore, the estimate in that study remained applicable. Based on the Corporation's own review of the asbestos claim and resolution activity and ARPC's response, the Corporation determined that no change to the accrual was required. The Corporation's asbestos-related liability for pending and future claims was $437 million at December 31, 2015, and approximately 21 percent of the recorded liability related to pending claims and approximately 79 percent related to future claims. Insurance Receivables At December 31, 2002, the Corporation increased the receivable for insurance recoveries related to its asbestos liability to $1.35 billion , substantially exhausting its asbestos product liability coverage. The insurance receivable related to the asbestos liability was determined by the Corporation after a thorough review of applicable insurance policies and the 1985 Wellington Agreement, to which the Corporation and many of its liability insurers are signatory parties, as well as other insurance settlements, with due consideration given to applicable deductibles, retentions and policy limits, and taking into account the solvency and historical payment experience of various insurance carriers. The Wellington Agreement and other agreements with insurers are designed to facilitate an orderly resolution and collection of the Corporation's insurance policies and to resolve issues that the insurance carriers may raise. In September 2003, the Corporation filed a comprehensive insurance coverage case, now proceeding in the Supreme Court of the State of New York, County of New York, seeking to confirm its rights to insurance for various asbestos claims and to facilitate an orderly and timely collection of insurance proceeds (the “Insurance Litigation”). The Insurance Litigation was filed against insurers that were not signatories to the Wellington Agreement and/or did not otherwise have agreements in place with the Corporation regarding their asbestos-related insurance coverage, in order to facilitate an orderly resolution and collection of such insurance policies and to resolve issues that the insurance carriers may raise. Since the filing of the case, the Corporation has reached settlements with most of the carriers involved in the Insurance Litigation and continues to pursue settlement with the remaining carrier. The Corporation's receivable for insurance recoveries related to its asbestos liability was $10 million at December 31, 2015 and $10 million at December 31, 2014. In addition to the receivable for insurance recoveries related to its asbestos liability, the Corporation had receivables for defense and resolution costs submitted to insurance carriers that have settlement agreements in place regarding their asbestos-related insurance coverage. The following table summarizes the Corporation's receivables related to its asbestos-related liability: Receivables for Asbestos-Related Costs at December 31 In millions 2015 2014 Receivables for defense and resolution costs - carriers with settlement agreements $ 51 $ 69 Receivables for insurance recoveries - carriers without settlement agreements 10 10 Total $ 61 $ 79 After a review of its insurance policies, with due consideration given to applicable deductibles, retentions and policy limits, and after taking into account the solvency and historical payment experience of various insurance carriers; existing insurance settlements; and the advice of outside counsel with respect to the applicable insurance coverage law relating to the terms and conditions of its insurance policies, the Corporation continues to believe that its recorded receivable for insurance recoveries from all insurance carriers is probable of collection. The Corporation expenses defense costs as incurred. The pretax impact for defense and resolution costs, net of insurance, was $83 million in 2015 , $108 million in 2014 and $107 million in 2013 , and was reflected in “Cost of sales” in the consolidated statements of income. Summary The amounts recorded by the Corporation for the asbestos-related liability and related insurance receivable described above were based upon current, known facts. However, future events, such as the number of new claims to be filed and/or received each year, the average cost of disposing of each such claim, coverage issues among insurers, and the continuing solvency of various insurance companies, as well as the numerous uncertainties surrounding asbestos litigation in the United States, could cause the actual costs and insurance recoveries for the Corporation to be higher or lower than those projected or those recorded. Because of the uncertainties described above, the Corporation's management cannot estimate the full range of the cost of resolving pending and future asbestos-related claims facing UCC and Amchem. The Corporation's management believes that it is reasonably possible that the cost of disposing of the Corporation's asbestos-related claims, including future defense costs, could have a material impact on the Corporation's results of operations and cash flows for a particular period and on the consolidated financial position of the Corporation. While it is not possible at this time to determine with certainty the ultimate outcome of any of the legal proceedings and claims referred to in this filing, management believes that adequate provisions have been made for probable losses with respect to pending claims and proceedings, and that, except for the asbestos-related matters described above, the ultimate outcome of all known and future claims, after provisions for insurance, will not have a material adverse impact on the results of operations, cash flows and financial position of the Corporation. Should any losses be sustained in connection with any of such legal proceedings and claims in excess of provisions provided and available insurance, they will be charged to income when determinable. Purchase Commitments At December 31, 2015 , the Corporation had various outstanding commitments for take-or-pay agreements, with remaining terms extending from 1 to 15 years. Such commitments were not in excess of current market prices. The fixed and determinable portion of obligations under purchase commitments at December 31, 2015 is presented in the following table: Fixed and Determinable Portion of Take-or-Pay Obligations at December 31, 2015 In millions 2016 $ 21 2017 22 2018 20 2019 19 2020 19 2021 and beyond 82 Total $ 183

NOTES PAYABLE AND LONG-TERM DEB

NOTES PAYABLE AND LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTES PAYABLE AND LONG-TERM DEBT Notes Payable at December 31 In millions 2015 2014 Notes payable - related companies $ 25 $ 43 Year-end average interest rates 1.40 % 0.82 % Long-Term Debt at December 31 2015 2014 Average Average In millions Rate 2015 Rate 2014 Promissory notes and debentures: Debentures due 2023 7.875 % $ 175 7.875 % $ 175 Debentures due 2025 6.79 % 12 6.79 % 12 Debentures due 2025 7.50 % 150 7.50 % 150 Debentures due 2096 7.75 % 135 7.75 % 135 Capital lease obligations — 10 — 11 Unamortized debt discount and issuance costs (1) — (5 ) — (5 ) Long-term debt due within one year — (1 ) — (1 ) Total long-term debt (1) $ 476 $ 477 (1) Presented in accordance with newly implemented ASU 2015-03. See Note 2 for further information. Annual Installments on Long-Term Debt for Next Five Years In millions 2016 $ 1 2017 $ 1 2018 $ 1 2019 $ 1 2020 $ 1 Debt Covenants and Default Provisions The Corporation's outstanding public debt has been issued under indentures which contain, among other provisions, covenants that the Corporation must comply with while the underlying notes are outstanding. Such covenants are typically based on the Corporation's size and financial position and include, subject to the exceptions and qualifications contained in the indentures, obligations not to (i) allow liens on principal U.S. manufacturing facilities, (ii) enter into sale and lease-back transactions with respect to principal U.S. manufacturing facilities, or (iii) merge into or consolidate with any other entity or sell or convey all or substantially all of its assets. Failure of the Corporation to comply with any of these covenants could, after the passage of any applicable grace period, result in a default under the applicable indenture which would allow the note holders to accelerate the due date of the outstanding principal and accrued interest on the subject notes.

PENSION PLANS AND OTHER POSTRET

PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS	12 Months Ended
	Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS Pension Plans The Corporation has a defined benefit pension plan that covers substantially all employees in the United States. Benefits are based on length of service and the employee's three highest consecutive years of compensation. Employees hired on or after January 1, 2008 earn benefits that are based on a set percentage of annual pay, plus interest. The Corporation also has a non-qualified supplemental pension plan. The Corporation's funding policy is to contribute to the plan when pension laws or economics either require or encourage funding. In 2015 , UCC contributed $2 million to its pension plans including contributions to fund benefits payments for its non-qualified supplemental plan. UCC expects to contribute approximately $52 million to its pension plans in 2016 . The weighted-average assumptions used to determine pension plan obligations and net periodic benefit costs are provided below: Pension Plan Assumptions Benefit Obligations at December 31 Net Periodic Costs for the Year 2015 2014 2013 2015 2014 2013 Discount rate 4.26 % 3.90 % 4.75 % 3.90 % 4.75 % 3.85 % Rate of increase in future compensation levels 4.50 % 4.50 % 4.50 % 4.50 % 4.50 % 4.50 % Expected long-term rate of return on plan assets — — — 6.80 % 6.80 % 6.90 % The Corporation determines the expected long-term rate of return on plan assets by performing a detailed analysis of key economic and market factors driving historical returns for each asset class and formulating a projected return based on factors in the current environment. Factors considered include, but are not limited to, inflation, real economic growth, interest rate yield, interest rate spreads, and other valuation measures and market metrics. The expected long-term rate of return for each asset class is then weighted based on the strategic asset allocation approved by the governing body for each plan. The Corporation's historical experience with the pension fund asset performance is also considered. Effective January 1, 2016, the Corporation elected to adopt a spot rate approach to determine the discount rate utilized to measure the service cost and interest cost components of net periodic pension and other postretirement benefit costs. Under the spot rate approach, the Corporation will calculate service costs and interest costs by applying individual spot rates from the Willis Towers Watson U.S. RATE:Link 60-90 corporate yield curve (based on 60 th to 90 th percentile high-quality corporate bond yields) to the separate expected cash flows components of service cost and interest cost. Prior to 2016, the service cost and interest cost components were determined based on the single discount rate used to measure the benefit obligation. The Corporation changed to the new method to provide a more precise measure of interest and service costs by improving the correlation between projected benefit cash flows and the discrete spot yield curves. The Corporation has accounted for this change as a change in accounting estimate and it will be applied prospectively starting in 2016. The adoption of the spot rate approach is expected to decrease the service cost and interest cost components of net periodic benefit cost by $ 37 million in 2016. The discount rates utilized to measure the pension and other postretirement obligations of the U.S. qualified plans are based on the yield on high-quality corporate fixed income investments at the measurement date. Future expected actuarially determined cash flows for the plans are individually discounted at the spot rates under the Willis Towers Watson U.S. RATE:Link 60-90 corporate yield curve (based on 60 th to 90 th percentile high-quality corporate bond yields) to arrive at the plan’s obligations as of the measurement date. On October 27, 2014, the Society of Actuaries ("SOA") published updated mortality tables and mortality improvement scales (generational mortality tables), which reflect increased life expectancy. Based on an evaluation of the mortality experience of the Corporation's U.S. pension plans and the SOA's tables, effective for 2014 and forward, the Corporation adopted updated generational mortality tables for purposes of measuring U.S. pension and other postretirement obligations at year-end. The mortality assumption change increased the pension and other postretirement benefit obligations by $139 million at December 31, 2014. The accumulated benefit obligation for all defined benefit pension plans was $4.0 billion at December 31, 2015 and $4.3 billion at December 31, 2014 . Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets at December 31 In millions 2015 2014 Projected benefit obligation $ 3,993 $ 4,345 Accumulated benefit obligation $ 3,960 $ 4,302 Fair value of plan assets $ 3,173 $ 3,543 In addition to the qualified defined benefit pension plan, U.S. employees may participate in defined contribution plans (Employee Savings Plans or 401(k) plans) by contributing a portion of their compensation, which is partially matched by the Corporation. Expense recognized for all defined contribution plans was $16 million in 2015, $15 million in 2014 and $13 million in 2013. Other Postretirement Benefits The Corporation provides certain health care and life insurance benefits to retired U.S. employees. The plan provides health care benefits, including hospital, physicians' services, drug and major medical expense coverage, and life insurance benefits. The Corporation and the retiree share the cost of these benefits, with the Corporation portion increasing as the retiree has increased years of credited service, although there is a cap on the Corporation portion. The Corporation has the ability to change these benefits at any time. Employees hired after January 1, 2008 are not covered under this plan. During the fourth quarter of 2013, the Corporation started implementing an Employer Group Waiver Plan (“EGWP”) for its Medicare-eligible, retiree medical plan participants, which became effective on January 1, 2014. As a result, the Medicare Part D Retiree Drug Subsidy program (“RDS”) was eliminated on January 1, 2014. The EGWP does not significantly alter the benefits provided to retiree medical plan participants. The federal subsidies to be earned under the EGWP are expected to exceed those earned under the RDS and will be partially offset by increased costs related to the administration of the EGWP. The net periodic benefit cost decreased by $10 million in 2014 due to the EGWP. The Corporation funds most of the cost of these health care and life insurance benefits as incurred. In 2015 , UCC did not make any contributions to its other postretirement benefit plan trust. Likewise, UCC does not expect to contribute assets to its other postretirement benefit plan trust in 2016 . The weighted-average assumptions used to determine other postretirement benefit obligations and net periodic benefit costs for the plan are provided in the following table: Plan Assumptions for Other Postretirement Benefits Benefit Obligations at December 31 Net Periodic Costs for the Year 2015 2014 2013 2015 2014 2013 Discount rate 4.08 % 3.75 % 4.40 % 3.75 % 4.40 % 3.65 % Initial health care cost trend rate 7.25 % 7.05 % 7.46 % 7.05 % 7.46 % 7.85 % Ultimate health care cost trend rate 5.00 % 5.00 % 5.00 % 5.00 % 5.00 % 5.00 % Year ultimate trend rate to be reached 2025 2020 2020 2025 2020 2020 Increasing the assumed medical cost trend rate by one percentage point in each year would increase the accumulated postretirement benefit obligation at December 31, 2015 by $2 million and the net periodic postretirement benefit cost for the year by an immaterial amount. Decreasing the assumed medical cost trend rate by one percentage point in each year would decrease the accumulated postretirement benefit obligation at December 31, 2015 by $2 million and the net periodic postretirement benefit cost for the year by an immaterial amount. Net Periodic Benefit Cost for all Plans Defined Benefit Pension Plans Other Postretirement Benefits In millions 2015 2014 2013 2015 2014 2013 Service cost $ 44 $ 30 $ 31 $ 1 $ 1 $ 2 Interest cost 164 183 165 10 13 14 Expected return on plan assets (226 ) (232 ) (232 ) — — — Amortization of prior service cost (credit) (1 ) 6 7 (1 ) — (1 ) Amortization of net (gain) loss 87 66 88 (10 ) (10 ) — Net periodic benefit cost $ 68 $ 53 $ 59 $ — $ 4 $ 15 Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive (Income) Loss for all Plans Defined Benefit Pension Plans Other Postretirement Benefits In millions 2015 2014 2013 2015 2014 2013 Net (gain) loss $ 34 $ 450 $ (283 ) $ 19 $ (12 ) $ (102 ) Prior service cost (credit) arising during period 4 (38 ) — — — — Amortization of prior service (cost) credit 1 (6 ) (7 ) 1 — 1 Amortization of net gain (loss) (87 ) (66 ) (88 ) 10 10 — Total recognized in other comprehensive (income) loss $ (48 ) $ 340 $ (378 ) $ 30 $ (2 ) $ (101 ) Total recognized in net periodic benefit cost and other comprehensive (income) loss $ 20 $ 393 $ (319 ) $ 30 $ 2 $ (86 ) Change in Projected Benefit Obligations, Plan Assets and Funded Status for all Plans In millions Defined Benefit Pension Plans Other Postretirement Benefits Change in projected benefit obligation: 2015 2014 2015 2014 Benefit obligation at beginning of year $ 4,345 $ 3,995 $ 270 $ 302 Service cost 44 30 1 1 Interest cost 164 183 10 13 Plan amendments 4 (38 ) — — Actuarial changes in assumptions and experience (178 ) 531 19 (13 ) Benefits paid (293 ) (340 ) (24 ) (33 ) Other (1) (93 ) (16 ) — — Benefit obligation at end of year $ 3,993 $ 4,345 $ 276 $ 270 Change in plan assets: Fair value of plan assets at beginning of year $ 3,543 $ 3,586 $ — $ — Actual return on plan assets 14 312 — — Employer contributions 2 2 — — Asset transfer (1) (93 ) (17 ) — — Benefits paid (293 ) (340 ) — — Fair value of plan assets at end of year $ 3,173 $ 3,543 $ — $ — Funded status at end of year $ (820 ) $ (802 ) $ (276 ) $ (270 ) Net amounts recognized in the consolidated balance sheets at December 31: Current liabilities $ (2 ) $ (1 ) $ (26 ) $ (27 ) Noncurrent liabilities (818 ) (801 ) (250 ) (243 ) Net amounts recognized in the consolidated balance sheets $ (820 ) $ (802 ) $ (276 ) $ (270 ) Pretax amounts recognized in AOCL at December 31: Net loss (gain) $ 1,902 $ 1,955 $ (80 ) $ (109 ) Prior service credit (14 ) (19 ) — (1 ) Pretax balance in AOCL at end of year $ 1,888 $ 1,936 $ (80 ) $ (110 ) (1) The 2015 impact includes the transfer of benefit obligations of $71 million through the purchase of annuity contracts from an insurance company. In 2016 , an estimated net loss of $75 million and prior service credit of $1 million for the defined benefit pension plans will be amortized from AOCL to net periodic benefit cost. In 2016 , an estimated net gain of $7 million for the other postretirement benefit plan will be amortized from AOCL to net periodic benefit cost. Estimated Future Benefit Payments The estimated future benefit payments, reflecting expected future service, as appropriate, are presented in the following table: Estimated Future Benefit Payments at December 31, 2015 In millions Defined Benefit Pension Plans Other Postretirement Benefits 2016 $ 274 $ 26 2017 274 25 2018 273 24 2019 273 23 2020 271 23 2021 through 2025 1,326 93 Total $ 2,691 $ 214 Plan Assets Plan assets consist primarily of equity and fixed income securities of U.S. and foreign issuers, and include alternative investments such as real estate, private equity and other absolute return strategies. At December 31, 2015 , plan assets totaled $3.2 billion and $3.5 billion at December 31, 2014 which included no Dow common stock. Investment Strategy and Risk Management for Plan Assets The Corporation's investment strategy for the plan assets is to manage the assets in relation to the liability in order to pay retirement benefits to plan participants over the life of the plans. This is accomplished by identifying and managing the exposure to various markets risks, diversifying investments across various asset classes and earning an acceptable long-term rate of return consistent with an acceptable amount of risk, while considering the liquidity needs of the plan. The plan is permitted to use derivative instruments for investment purposes, as well as for hedging the underlying asset and liability exposures and rebalancing the asset allocation. The plan uses value at risk, stress testing, scenario analysis and Monte Carlo simulation to monitor and manage both asset risk in the portfolios and surplus risk. Equity securities primarily include investments in large- and small-cap companies located in both developed and emerging markets around the world. Fixed income securities are primarily U.S. dollar based and include U.S. treasuries and investment grade corporate bonds of companies diversified across industries. Alternative investments primarily include investments in real estate, private equity limited partnerships and absolute return strategies. Other significant investment types include various insurance contracts; and interest rate, equity and foreign exchange derivative investments and hedges. Strategic Target Allocation of Plan Assets Asset Category Target Allocation Equity securities 23 % Fixed income securities 45 % Alternative investments 27 % Other 5 % Total 100 % Concentration of Risk The Corporation mitigates the credit risk of investments by establishing guidelines with the investment managers that limit investment in any single issue or issuer to an amount that is not material to the portfolio being managed. These guidelines are monitored for compliance both by the Corporation and the external managers. Credit risk for hedging activity is mitigated by utilizing multiple counterparties, collateral support agreements, and centralized clearing where appropriate. The Northern Trust Collective Government Short Term Investment money market fund is utilized as the sweep vehicle for the pension plan, which from time to time can represent a significant investment. Approximately 40 percent of the liability of the pension plan is covered by a participating group annuity issued by Prudential Insurance Company. The following tables summarize the bases used to measure the Corporation's pension plan assets at fair value for the years ended December 31, 2015 and 2014 : Basis of Fair Value Measurements at December 31, 2015 In millions Quoted Prices in Active Markets for Identical Items (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Cash and cash equivalents $ 1 $ 173 $ — $ 174 Equity securities: U.S. equity $ 237 $ 35 $ — $ 272 Non-U.S. equity - developed countries 71 136 — 207 Emerging markets 45 90 5 140 Equity derivatives — 3 — 3 Total equity securities $ 353 $ 264 $ 5 $ 622 Fixed income securities: U.S. government and municipalities $ — $ 574 $ — $ 574 U.S. agency mortgage backed securities — 56 — 56 Corporates - investment grade — 677 — 677 Non-U.S. governments - developed countries — 5 — 5 Non-U.S. corporates - developed countries — 146 — 146 Emerging markets debt — 12 — 12 Other asset-backed securities — 13 — 13 Other fixed income funds — — 51 51 Fixed income derivatives — 15 — 15 High yield bonds — 3 — 3 Total fixed income securities $ — $ 1,501 $ 51 $ 1,552 Alternative investments: Real estate $ — $ — $ 284 $ 284 Private equity — — 220 220 Absolute return — 114 165 279 Total alternative investments $ — $ 114 $ 669 $ 783 Total other securities $ — $ 20 $ 22 $ 42 Total pension plan assets at fair value $ 354 $ 2,072 $ 747 $ 3,173 Basis of Fair Value Measurements at December 31, 2014 In millions Quoted Prices in Active Markets for Identical Items (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Cash and cash equivalents $ 3 $ 131 $ — $ 134 Equity securities: U.S. equity $ 360 $ 78 $ 1 $ 439 Non-U.S. equity - developed countries 166 160 — 326 Emerging markets 40 62 3 105 Equity derivatives — (1 ) — (1 ) Total equity securities $ 566 $ 299 $ 4 $ 869 Fixed income securities: U.S. government and municipalities $ — $ 673 $ — $ 673 U.S. agency mortgage backed securities — 66 — 66 Corporates - investment grade — 743 — 743 Non-U.S. governments - developed countries — 6 — 6 Non-U.S. corporates - developed countries — 160 — 160 Emerging markets debt — 14 — 14 Other asset-backed securities — 11 1 12 Other fixed income funds — — 32 32 High yield bonds — 2 — 2 Total fixed income securities $ — $ 1,675 $ 33 $ 1,708 Alternative investments: Real estate $ — $ — $ 288 $ 288 Private equity — — 233 233 Absolute return — 126 166 292 Total alternative investments $ — $ 126 $ 687 $ 813 Total other securities $ — $ (3 ) $ 22 $ 19 Total pension plan assets at fair value $ 569 $ 2,228 $ 746 $ 3,543 For assets classified as Level 1 measurements (measured using quoted prices in active markets), the total fair value is either the price of the most recent trade at the time of the market close or the official close price, as defined by the exchange on which the asset is most actively traded on the last trading day of the period, multiplied by the number of units held without consideration of transaction costs. For assets classified as Level 2 measurements, where the security is frequently traded in less active markets, fair value is based on the closing price at the end of the period; where the security is less frequently traded, fair value is based on the price a dealer would pay for the security or similar securities, adjusted for any terms specific to that asset or liability. Market inputs are obtained from well-established and recognized vendors of market data and subjected to tolerance and quality checks. For derivative assets and liabilities, standard industry models are used to calculate the fair value of the various financial instruments based on significant observable market inputs such as foreign exchange rates, commodity prices, swap rates, interest rates, and implied volatilities obtained from various market sources. Some plan assets are held in funds where a net asset value is calculated based on the fair value of the underlying assets and the number of shares owned. The classification of the fund (Level 2 or 3 measurements) is determined based on the lowest level classification of significant holdings within the fund. For all other assets for which observable inputs are used, fair value is derived through the use of fair value models, such as a discounted cash flow model or other standard pricing models. For assets classified as Level 3 measurements, total fair value is based on significant unobservable inputs including assumptions where there is little, if any, market activity for the investment. Investment managers or fund managers provide valuations of the investment on a monthly or quarterly basis. These valuations are reviewed for reasonableness based on applicable sector, benchmark and company performance. Adjustments to valuations are made where appropriate. Where available, audited financial statements are obtained and reviewed for the investments as support for the manager's investment valuation. The following table summarizes the changes in fair value of Level 3 pension plan assets for the years ended December 31, 2015 and 2014 : Fair Value Measurement of Level 3 Equity Securities Fixed Income Securities Alternative Investments Other Securities Total Pension Plan Assets In millions Balance at January 1, 2014 $ 2 $ 14 $ 623 $ 22 $ 661 Actual return on plan assets: Relating to assets held at Dec 31, 2014 (2 ) — (22 ) — (24 ) Relating to assets sold during 2014 — — 35 — 35 Purchases, sales and settlements 4 20 53 — 77 Transfers out of Level 3, net — (1 ) — — (1 ) Foreign currency impact — — (2 ) — (2 ) Balance at December 31, 2014 $ 4 $ 33 $ 687 $ 22 $ 746 Actual return on plan assets: Relating to assets held at Dec 31, 2015 2 (4 ) (35 ) — (37 ) Relating to assets sold during 2015 — 1 60 — 61 Purchases, sales and settlements — 21 (42 ) — (21 ) Transfers out of Level 3, net (1 ) — — — (1 ) Foreign currency impact — — (1 ) — (1 ) Balance at December 31, 2015 $ 5 $ 51 $ 669 $ 22 $ 747

LEASED PROPERTY

LEASED PROPERTY	12 Months Ended
	Dec. 31, 2015
Leases [Abstract]
Leases of Lessee Disclosure [Text Block]	LEASED PROPERTY The Corporation has leases primarily for facilities and distribution equipment. The future minimum rental payments under leases with remaining noncancelable terms in excess of one year are as follows: Minimum Lease Commitments at December 31, 2015 In millions 2016 $ 6 2017 5 2018 5 2019 4 2020 3 2021 and thereafter 10 Total $ 33 Rental expenses under leases were $29 million in 2015 , $27 million in 2014 and $31 million in 2013 .

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	RELATED PARTY TRANSACTIONS The Corporation sells its products to Dow to simplify the customer interface process. Products are sold to and purchased from Dow at market-based prices in accordance with the terms of Dow’s intercompany pricing policies. After each quarter, the Corporation and Dow analyze the pricing used for the sales in that quarter and reach agreement on any necessary adjustments, at which point the prices are final. The Corporation also procures certain commodities and raw materials through a Dow subsidiary and pays a commission to that Dow subsidiary based on the volume and type of commodities and raw materials purchased. The commission expense is included in “Sundry income (expense) - net” in the consolidated statements of income. Purchases from that Dow subsidiary were approximately $1.7 billion in 2015 , $2.9 billion in 2014 and $2.9 billion in 2013 . The decrease in purchase costs in 2015 when compared with previous periods is due to lower feedstock and energy costs. The Corporation has a master services agreement with Dow whereby Dow provides services including, but not limited to, accounting, legal, treasury (investments, cash management, risk management, insurance), procurement, human resources, environmental, health and safety, and business management for UCC. Under the master services agreement with Dow, general administrative and overhead type services that Dow routinely allocates to various businesses are charged to UCC. The master services agreement cost allocation basis is headcount and includes a 10 percent service fee. This agreement resulted in expense of approximately $30 million in 2015 , $26 million in 2014 and $25 million in 2013 for general administrative and overhead type services and the 10 percent service fee, and was included in “Sundry income (expense) - net” in the consolidated statements of income. The remaining activity-based costs were approximately $63 million in 2015 , $53 million in 2014 and $46 million in 2013 and were included in “Cost of sales” in the consolidated statements of income. The increase in activity-based costs in 2015 when compared with previous periods is due to additional charges for engineering services to support infrastructure projects as well as planned maintenance turnaround projects. Management believes the method used for determining expenses charged by Dow is reasonable. Dow provides these services by leveraging its centralized functional service centers to provide services at a cost that management believes provides an advantage to the Corporation. The monitoring and execution of risk management policies related to interest rate and foreign currency risks, which are based on Dow’s risk management philosophy, are provided as a service to UCC. As part of Dow’s cash management process, UCC is a party to revolving loans with Dow that have interest rates based on LIBOR (London Interbank Offered Rate) with varying maturities. At December 31, 2015 , the Corporation had a note receivable of $1.3 billion ( $1.2 billion at December 31, 2014 ) from Dow under a revolving loan agreement. The Corporation may draw from this note receivable in support of its daily working capital requirements and, as such, the net effect of cash inflows and outflows under this revolving loan agreement is presented in the consolidated statements of cash flows as an operating activity. The Corporation also has a separate revolving credit agreement with Dow that allows the Corporation to borrow or obtain credit enhancements up to an aggregate of $1 billion that matures on December 30, 2016. Dow may demand repayment with a 30-day written notice to the Corporation, subject to certain restrictions. A related collateral agreement provides for the replacement of certain existing pledged assets, primarily equity interests in various subsidiaries and joint ventures, with cash collateral. At December 31, 2015 , $940 million ( $875 million at December 31, 2014 ) was available under the revolving credit agreement. The cash collateral is reported as “Noncurrent receivables from related companies” in the consolidated balance sheets. The Corporation recorded an impairment charge of $25 million in the fourth quarter of 2013 for the full value of the cost method investment in Dow Quimica Argentina S.A., a related company. The impairment charge, triggered by ongoing losses in the entity, is included in "Sundry income (expense) - net" in the consolidated statements of income. On a quarterly basis, the Corporation's Board of Directors reviews and approves a dividend distribution to its parent company and sole shareholder, Dow. The Board takes into consideration the level of earnings and cash flows, among other factors, in determining the amount of the dividend distribution. During 2015 , the Corporation declared and paid dividends totaling $1.2 billion to Dow. During 2014 , the Corporation declared and paid dividends totaling $1.3 billion to Dow. In September 2013, UCC declared a stock dividend to Dow of its 100 percent ownership interest in Union Carbide Subsidiary C, Inc., which included UCC's full ownership interest in Univation. The stock dividend was effective on September 29, 2013 and totaled $70 million . The Corporation received no cash dividends from its related company investments in 2015 ( $12 million in 2014 and $16 million in 2013 ). These dividends were included in "Sundry income (expense) - net" in the consolidated statements of income. In the third quarter of 2014, as part of a sale-leaseback transaction entered into by Dow for a significant portion of Dow's North America railcar fleet, UCC sold all of the railcars owned by UCC to Dow at fair value for $145 million in cash. The sale of the railcars resulted in a pretax gain of $66 million , and is included in "Sundry income (expense) - net" in the consolidated statements of income. In accordance with the Tax Sharing Agreement between the Corporation and Dow, the Corporation makes payments to Dow to cover the Corporation's estimated federal tax liability; payments were $310 million in 2015 , $579 million in 2014 and $163 million in 2013 .

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2015
Income Tax Expense (Benefit), Continuing Operations [Abstract]
Income Tax Disclosure [Text Block]	INCOME TAXES Domestic and Foreign Components of Income (Loss) Before Income Taxes In millions 2015 2014 2013 Domestic (1) $ 1,254 $ 896 $ 1,077 Foreign (11 ) (5 ) (10 ) Total $ 1,243 $ 891 $ 1,067 (1) In 2013, the domestic component of "Income Before Income Taxes" included a gain of $368 million for the sale of Dow's Polypropylene Licensing and Catalysts business. Provision for Income Taxes 2015 2014 2013 In millions Current Deferred Total Current Deferred Total Current Deferred Total Federal (1) $ 373 $ (31 ) $ 342 $ (41 ) $ 311 $ 270 $ 337 $ 18 $ 355 State and local 2 (13 ) (11 ) (5 ) 38 33 5 (47 ) (42 ) Foreign 104 — 104 1 — 1 6 — 6 Total $ 479 $ (44 ) $ 435 $ (45 ) $ 349 $ 304 $ 348 $ (29 ) $ 319 (1) Reflects the 2014 impact of accelerated deductions. Reconciliation to U.S. Statutory Rate In millions 2015 2014 2013 Taxes at U.S. statutory rate $ 435 $ 312 $ 374 U.S. manufacturing deductions (8 ) (26 ) (7 ) Benefit of dividend income from investments in related companies — — (6 ) Audit settlement and court case impact — — 20 Unrecognized tax benefits 24 — (30 ) Federal tax accrual adjustments (7 ) (14 ) (5 ) State and local tax impact (11 ) 42 (38 ) Other - net 2 (10 ) 11 Total tax provision $ 435 $ 304 $ 319 Effective tax rate 35.0 % 34.1 % 29.9 % The tax rate for 2015 was favorably impacted by changes in valuation allowances on state income tax attributes. A change in uncertain tax positions in the fourth quarter of 2015 unfavorably impacted the tax rate and resulted in an increase in "Deferred income tax assets - noncurrent" and "Other noncurrent obligations" in the consolidated balance sheets. UCC's reported effective tax rate for 2015 was 35.0 percent. The tax rate for 2014 was unfavorably impacted by changes in valuation allowances on state income tax attributes, partially offset by favorable manufacturing deductions in the United States. UCC's reported effective tax rate for 2014 was 34.1 percent . The tax rate for 2013 was favorably impacted by changes in valuation allowances in the United States on state income tax attributes, audit settlements and remeasurement of tax positions. The 2013 tax rate was unfavorably impacted by an unfavorable court ruling in the first quarter of 2013. UCC's reported effective tax rate for 2013 was 29.9 percent . Deferred Tax Balances at December 31 2015 2014 In millions Deferred Tax Assets Deferred Tax Liabilities Deferred Tax Assets Deferred Tax Liabilities Property $ — $ 193 $ — $ 197 Tax loss and credit carryforwards 70 — 82 — Postretirement benefit obligations 802 395 818 420 Other accruals and reserves 297 — 263 3 Inventory 23 — 53 — Other - net 7 1 2 1 Subtotal $ 1,199 $ 589 $ 1,218 $ 621 Valuation allowances (28 ) — (53 ) — Total $ 1,171 $ 589 $ 1,165 $ 621 Gross operating loss carryforwards, primarily related to state operating losses, amounted to $889 million at December 31, 2015 , compared with $1,035 million at the end of 2014 . At December 31, 2015 , $497 million of the operating loss carryforwards were subject to expiration in the years 2016 through 2020. The remaining balances expire in years beyond 2020 or have an indefinite carryforward period. Tax credit carryforwards amounted to $5 million at December 31, 2015 and $5 million at December 31, 2014 , of which $1 million is subject to expiration in the years 2016 through 2020. The remaining balances expire in years beyond 2020 or have an indefinite carryforward period. Undistributed earnings of foreign subsidiaries and related companies that are deemed to be permanently invested amounted to $41 million at December 31, 2015 , $50 million at December 31, 2014 and $48 million at December 31, 2013 . It is not practicable to calculate the unrecognized deferred tax liability on those earnings. The Corporation had valuation allowances that were primarily related to the realization of recorded tax benefits on state tax loss carryforwards from operations in the United States of $28 million at December 31, 2015 and $53 million at December 31, 2014 . Total Gross Unrecognized Tax Benefits In millions 2015 2014 2013 Balance at January 1 $ 1 $ 4 $ 166 Increases related to positions taken on items from prior years 67 — 1 Decreases related to positions taken on items from prior years — — (7 ) Settlement of uncertain tax positions with tax authorities — — (154 ) Decreases due to expiration of statutes of limitations — (3 ) (2 ) Balance at December 31 $ 68 $ 1 $ 4 At December 31, 2015 , the total amount of unrecognized tax benefits was $68 million ( $1 million at December 31, 2014 ), of which $1 million ( $1 million at December 31, 2014 ) would impact the effective tax rate, if recognized. The increase in unrecognized tax benefits relates to litigation in a foreign jurisdiction that, if paid, is creditable in the United States. Interest and penalties are recognized as components of “Provision for income taxes” in the consolidated statements of operations and was a charge of $37 million in 2015 , and a benefit of $6 million in 2014 and $15 million in 2013 . The Corporation's accrual for interest and penalties associated with uncertain tax positions was $38 million at December 31, 2015 and zero at December 31, 2014 . During 2013, the U.S. Supreme Court denied certiorari in UCC's research tax credit case. Through the denial of certiorari , the U.S. Court of Appeals decision denying UCC's tax credit claim for supplies used in process-related research and development at its manufacturing facilities became final. As a result of this ruling, UCC reversed the uncertain tax positions related to this matter, which resulted in a decrease to "Other noncurrent obligations" and an increase to "Income taxes payable" in the consolidated balance sheets in accordance with the Tax Sharing Agreement between the Corporation and Dow. In addition, UCC recognized a tax charge of $41 million in the first quarter of 2013 included in "Provision for income taxes" in the consolidated statements of income. An audit settlement in the second quarter of 2013 resulted in a tax benefit of $22 million , included in "Provision for income taxes" and various balance sheet reclassifications from noncurrent to current accruals and receivables. Tax years that remain subject to examination for the Corporation's major tax jurisdictions are shown below: Tax Years Subject to Examination by Major Tax Jurisdiction at December 31 Jurisdiction Earliest Open Year 2015 2014 United States: Federal income tax 2004 2004 State and local income tax 2004 2004 The Corporation is included in Dow's consolidated federal income tax group and consolidated tax return. Current and deferred tax expenses are calculated for the Corporation as a stand-alone group and are allocated to the group from the consolidated totals. UCC is currently under examination in a number of tax jurisdictions, including the U.S. federal and various state jurisdictions. It is reasonably possible that these examinations may be resolved within twelve months. As a result, it is reasonably possible that the total gross unrecognized tax benefits of the Corporation at December 31, 2015 , will be reduced by approximately $68 million from resolution of these examinations. Inherent uncertainties exist in estimates of tax contingencies due to changes in tax law, both legislated and concluded through the various jurisdictions' tax court systems. It is the opinion of the Corporation's management that the possibility is remote that costs in excess of those accrued will have a material impact on the Corporation's consolidated financial statements.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	12 Months Ended
	Dec. 31, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss Note [Text Block]	ACCUMULATED OTHER COMPREHENSIVE LOSS The following table provides an analysis of the changes in accumulated other comprehensive loss for the years ended December 31, 2015 , 2014 and 2013 : Accumulated Other Comprehensive Loss In millions 2015 2014 2013 Cumulative Translation Adjustments at beginning of year $ (63 ) $ (78 ) $ (56 ) Translation adjustments 2 (1 ) (1 ) Reclassification to earnings - Sundry income (expense) - net (1) — 16 (21 ) Balance at end of period $ (61 ) $ (63 ) $ (78 ) Pension and Other Postretirement Benefit Plans at beginning of year $ (1,180 ) $ (967 ) $ (1,289 ) Net gain (loss) during period (net of tax of $(21), $(165), $122) (2) (3) (32 ) (273 ) 263 Prior service credit (cost) arising during the period (net of tax of $(2), $13, $-) (2 ) 25 — Amortization of prior service cost (credit) included in net periodic pension costs (net of tax of $(1), $2, $2) (2) (3) (1 ) 4 4 Amortization of net loss included in net periodic pension costs (net of tax of $29, $25, $33) (2) (3) 48 31 55 Balance at end of period $ (1,167 ) $ (1,180 ) $ (967 ) Total accumulated other comprehensive loss $ (1,228 ) $ (1,243 ) $ (1,045 ) (1) In 2014, reclassification resulted from the divestiture or liquidation of subsidiaries. In 2013, reclassification resulted from the divestiture of a nonconsolidated affiliate. (2) See Note 15 for additional information. (3) Tax amounts are included in "Provision for income taxes" in the consolidated statements of income.

BUSINESS AND GEOGRAPHIC AREAS

BUSINESS AND GEOGRAPHIC AREAS	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Business and Geographic Areas [Text Block]	BUSINESS AND GEOGRAPHIC AREAS Dow conducts its worldwide operations through global businesses, and the Corporation's business activities comprise components of Dow's global businesses rather than stand-alone operations. The Corporation sells its products to Dow in order to simplify the customer interface process at market-based prices in accordance with Dow's intercompany pricing policy. Because there are no separable reportable business segments for the Corporation and no detailed business information is provided to a chief operating decision maker regarding the Corporation's stand-alone operations, the Corporation's results are reported as a single operating segment. Sales are attributed to geographic areas based on customer location; long-lived assets are attributed to geographic areas based on asset location. Sales to external customers and long-lived assets by geographic area were as follows: Geographic Area Information In millions United States Asia Pacific Rest of World Total 2015 Sales to external customers (1) $ 70 $ 3 $ 14 $ 87 Long-lived assets $ 1,259 $ 10 $ 32 $ 1,301 2014 Sales to external customers (1) $ 62 $ 1 $ 19 $ 82 Long-lived assets $ 1,113 $ 6 $ 33 $ 1,152 2013 Sales to external customers (1) $ 100 $ 43 $ 18 $ 161 Long-lived assets $ 1,197 $ 6 $ 36 $ 1,239 (1) Of the total sales to external customers, China was 0 percent in 2015, less than 1 percent in 2014 and approximately 21 percent in 2013 .

PLANNED MERGER WITH DUPONT

PLANNED MERGER WITH DUPONT	12 Months Ended
	Dec. 31, 2015
Proposed Merger with DuPont [Abstract]
Proposed Merger with DuPont [Text Block]	On December 11, 2015, Dow and E. I. du Pont de Nemours and Company (“DuPont”) entered into an Agreement and Plan of Merger (the "Merger Agreement"), pursuant to which Dow and DuPont have agreed, subject to the terms and conditions of the Merger Agreement, to effect an all-stock, merger of equals strategic combination of their respective businesses by: (i) forming Diamond-Orion HoldCo, Inc., a Delaware corporation that is jointly owned by Dow and DuPont ("HoldCo"), (ii) Dow merging with a newly formed, wholly owned direct subsidiary of HoldCo, with Dow surviving such merger as a direct, wholly owned subsidiary of HoldCo (the "Dow Merger"), (iii) DuPont merging with a newly formed, wholly owned direct subsidiary of HoldCo, with DuPont surviving such merger as a direct, wholly owned subsidiary of HoldCo (the "DuPont Merger" and, together with the Dow Merger, the "Mergers"), and (iv) prior to or as of the effective time of the Mergers (the "Effective Time"), changing the name of HoldCo to be DowDuPont. Following the consummation of the Mergers, Dow and DuPont intend to pursue, subject to the receipt of regulatory approval and approval by the board of directors of HoldCo, the separation of the combined company’s agriculture business, specialty products business and material sciences business through one or more tax-efficient transactions. Dow expects the Mergers to close in the second half of 2016, subject to customary closing conditions. The completion of the Mergers is subject to the satisfaction or waiver of certain conditions, including (i) the adoption of the Merger Agreement by the affirmative vote of the holders of a majority of all outstanding shares of Dow Common Stock entitled to vote thereon; (ii) the adoption of the Merger Agreement by the affirmative vote of the holders of a majority of all outstanding shares of DuPont Common Stock entitled to vote thereon; (iii) the receipt of certain domestic and foreign approvals under competition laws; (iv) Dow and DuPont reasonably determining that the Dow Merger and the DuPont Merger do not constitute an acquisition of a 50 percent or greater interest in Dow and DuPont, respectively, under the principles of Section 355(e) of the Internal Revenue Code; (v) the absence of governmental restraints or prohibitions preventing the consummation of either of the Mergers; (vi) the effectiveness of the Form S-4 and absence of any stop order or proceedings by the U.S. Securities and Exchange Commission; and (vii) the approval of the shares of HoldCo Common Stock to be issued in the Merger for listing on the NYSE. The obligation of each of Dow and DuPont to consummate the Mergers is also conditioned on, among other things, the receipt of a tax opinion from tax counsel as to the tax-free nature of each of the Mergers, and the truth and correctness of the representations and warranties made by the other party as of the closing date, subject to certain "material" and "material adverse effect" qualifiers.

SUMMARY OF SIGNIFICANT ACCOUN29

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policy)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation and Basis of Presentation Except as otherwise indicated by the context, the terms “Corporation” and “UCC” as used herein mean Union Carbide Corporation and its consolidated subsidiaries. The accompanying consolidated financial statements of the Corporation were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and include the assets, liabilities, revenues and expenses of all majority-owned subsidiaries over which the Corporation exercises control and, when applicable, entities for which the Corporation has a controlling financial interest. Intercompany transactions and balances are eliminated in consolidation. Investments in nonconsolidated affiliates (20-50 percent owned companies, joint ventures and partnerships) are accounted for using the equity method. The Corporation is a wholly owned subsidiary of The Dow Chemical Company (“Dow”). In accordance with the accounting requirements for wholly owned subsidiaries, the presentation of earnings per share is not required and therefore is not provided. Dow conducts its worldwide operations through global businesses, and the Corporation's business activities comprise components of Dow's global operations rather than stand-alone operations. The Corporation sells substantially all of its products to Dow at market-based prices, in accordance with Dow's long-standing intercompany pricing policy, in order to simplify the customer interface process. Because there are no separable reportable business segments for UCC and no detailed business information is provided to a chief operating decision maker regarding the Corporation's stand-alone operations, the Corporation's results are reported as a single operating segment. As a result of the early adoption of Accounting Standards Update 2015-03 "Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs," certain reclassifications of prior years' footnote disclosure amounts have been made to conform to the 2015 presentation.
Related Companies, Policy [Policy Text Block]	Related Companies Transactions with the Corporation's parent company, Dow, or other Dow subsidiaries have been reflected as related company transactions in the consolidated financial statements.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates in Financial Statement Preparation The preparation of financial statements in accordance with U.S. GAAP requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. The Corporation's consolidated financial statements include amounts that are based on management's best estimates and judgments. Actual results could differ from those estimates.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Translation While the Corporation's consolidated subsidiaries are primarily based in the United States, the Corporation has small subsidiaries in Asia Pacific and the rest of the world. For those subsidiaries, the local currency has been primarily used as the functional currency. Translation gains and losses of those operations that use local currency as the functional currency are included in the consolidated balance sheets in "Accumulated other comprehensive loss" ("AOCL"). Where the U.S. dollar is used as the functional currency, foreign currency gains and losses are reflected in income.
Environmental Costs, Policy [Policy Text Block]	Environmental Matters Accruals for environmental matters are recorded when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated based on current law and existing technologies. These accruals are adjusted periodically as assessment and remediation efforts progress or as additional technical or legal information becomes available. Accruals for environmental liabilities are included in the consolidated balance sheets in “Accrued and other current liabilities” and “Other noncurrent obligations” at undiscounted amounts. Accruals for related insurance or other third-party recoveries for environmental liabilities are recorded when it is probable that a recovery will be realized and are included in the consolidated balance sheets as “Accounts receivable - Other.” Environmental costs are capitalized if the costs extend the life of the property, increase its capacity, and/or mitigate or prevent contamination from future operations. Environmental costs are also capitalized in recognition of legal asset retirement obligations resulting from the acquisition, construction and/or normal operation of a long-lived asset. Costs related to environmental contamination treatment and cleanup are charged to expense. Estimated future incremental operations, maintenance and management costs directly related to remediation are accrued when such costs are probable and reasonably estimable.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents Cash and cash equivalents include time deposits and investments with maturities of three months or less at the time of purchase.
Financial Instruments Accounting Policies [Text Block]	Financial Instruments The Corporation calculates the fair value of financial instruments using quoted market prices whenever available. When quoted market prices are not available for various types of financial instruments (such as forwards, options and swaps), the Corporation uses standard pricing models with market-based inputs that take into account the present value of estimated future cash flows.
Inventory, Policy [Policy Text Block]	Inventories Inventories are stated at the lower of cost or market. The method of determining cost for each subsidiary varies among last-in, first-out (“LIFO”); first-in, first-out (“FIFO”); and average cost, and is used consistently from year to year. The Corporation routinely exchanges and swaps raw materials and finished goods with other companies to reduce delivery time, freight and other transportation costs. These transactions are treated as non-monetary exchanges and are valued at cost.
Property, Plant and Equipment, Policy [Policy Text Block]	Property Land, buildings and equipment, including property under capital lease agreements, are carried at cost less accumulated depreciation. Depreciation is based on the estimated service lives of depreciable assets and is calculated using the straight-line method. Fully depreciated assets are retained in property and accumulated depreciation accounts until they are removed from service. In the case of disposals, assets and related accumulated depreciation are removed from the accounts, and the net amounts, less proceeds from disposal, are included in income.
Impairment and Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment and Disposal of Long-Lived Assets The Corporation evaluates long-lived assets and certain identifiable intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. When undiscounted future cash flows are not expected to be sufficient to recover an asset's carrying amount, the asset is written down to its fair value based on bids received from third parties or a discounted cash flow analysis based on market participant assumptions. Long-lived assets to be disposed of by sale, if material, are classified as held for sale and reported at the lower of carrying amount or fair value less cost to sell, and depreciation is ceased. Long-lived assets to be disposed of other than by sale are classified as held and used until they are disposed of and reported at the lower of carrying amount or fair value, and depreciation is recognized over the remaining useful life of the assets.
Asset Retirement Obligations, Policy [Policy Text Block]	Asset Retirement Obligations The Corporation records asset retirement obligations as incurred and reasonably estimable, including obligations for which the timing and/or method of settlement are conditional on a future event that may or may not be within the control of the Corporation. The fair values of obligations are recorded as liabilities on a discounted basis and are accreted over time for the change in present value. Costs associated with the liabilities are capitalized and amortized over the estimated remaining useful life of the asset, generally for periods of 10 years or less.
Investments in Related Companies, Policy [Policy Text Block]	Investments in Related Companies Investments in related companies consist of the Corporation's ownership interests in Dow subsidiaries located in North America and Latin America. The Corporation accounts for these investments using the cost method as it does not have significant influence over the operating and financial policies of these related companies.
Investment, Policy [Policy Text Block]	Investments Investments in debt securities are classified as available-for-sale and reported at fair value with unrealized gains and losses recorded in AOCL. The cost of investments sold is determined by specific identification. The Corporation routinely reviews available-for-sale securities for other-than-temporary declines in fair value below the cost basis, and when events or changes in circumstances indicate the carrying value of an asset may not be recoverable, the security is written down to fair value establishing a new cost basis.
Revenue Recognition, Policy [Policy Text Block]	Revenue Substantially all of the Corporation's revenues are generated by sales to Dow. Approximately 99 percent of the Corporation's sales are related to sales of product ( 99 percent in 2014 and 97 percent in 2013 ); the remaining 1 percent is related to the licensing of patents and technology ( 1 percent in 2014 and 3 percent in 2013 ). Revenue for product sales to related companies is recognized as risk and title to the product transfer to the related company, which occurs either at the time production is complete or free on board (“FOB”) UCC's manufacturing facility, in accordance with the sales agreement between the Corporation and Dow. Revenue for product sales is recognized as risk and title to the product transfer to the customer, which for trade sales, usually occurs at the time shipment is made. As such, title to the product passes when the product is delivered to the freight carrier. UCC's standard terms of delivery are included in its contracts of sale, order confirmation documents, and invoices. Freight costs and any directly related costs of transporting finished product to customers are recorded as “Cost of sales” in the consolidated statements of income. Revenue related to the initial licensing of patents and technology is recognized when earned; revenue related to running royalties is recognized according to licensee production levels.
Legal Costs, Policy [Policy Text Block]	Legal Costs The Corporation expenses legal costs as incurred. Accruals for legal matters are recorded when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated.
Severance Costs [Policy Text Block]	Severance Costs Management routinely reviews its operations around the world in an effort to ensure competitiveness across its operations and geographic areas. When the reviews result in a workforce reduction related to the shutdown of facilities or other optimization activities, severance benefits are provided to employees primarily under ongoing benefit arrangements. These severance costs are accrued once management commits to a plan of termination including the number of employees to be terminated, their job classifications or functions, their locations and the expected termination date.
Income Tax, Policy [Policy Text Block]	Income Taxes The Corporation accounts for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences of temporary differences between the carrying amounts and tax bases of assets and liabilities using enacted tax rates. The effect of a change in tax rates on deferred tax assets or liabilities is recognized in income in the period that includes the enactment date. The Corporation is included in Dow's consolidated federal income tax group and consolidated income tax return. The Corporation accounts for its income taxes following the formula in the Dow-UCC Tax Sharing Agreement used to compute the amount due to Dow or UCC for UCC's share of taxable income and tax attributes on Dow's consolidated income tax return. This method generally follows the separate return method. The amounts reported as income taxes payable or receivable represent the Corporation's payment obligation (or refundable amount) to Dow based on a theoretical tax liability calculated on a separate return method. Annual tax provisions include amounts considered sufficient to pay assessments that may result from examinations of prior year tax returns; however, the amount ultimately paid upon resolution of issues raised may differ from the amounts accrued. The Corporation recognizes the financial statement effects of an uncertain income tax position when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. The Corporation accrues for non-income tax contingencies when it is probable that a liability to a taxing authority has been incurred and the amount of the contingency can be reasonably estimated. The current portion of uncertain income tax positions is included in “Income taxes payable” and the long-term portion is included in “Other noncurrent obligations” in the consolidated balance sheets. Provision is made for taxes on undistributed earnings of foreign subsidiaries and related companies to the extent that such earnings are not deemed to be permanently invested.

DIVESTITURES (Tables)

DIVESTITURES (Tables)	12 Months Ended
	Dec. 31, 2015
Divestitures [Abstract]
Schedule of Disposal Groups, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	Assets Divested In millions December 2, 2013 Accounts receivable $ 4 Inventories 19 Net property 7 Total assets divested $ 30

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories at December 31 In millions 2015 2014 Finished goods $ 157 $ 205 Work in process 22 30 Raw materials 39 45 Supplies 85 98 Total inventories $ 303 $ 378

PROPERTY (Tables)

PROPERTY (Tables)	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Schedule of other items related to property [Text Block]	In millions 2015 2014 2013 Depreciation expense $ 160 $ 176 $ 204 Manufacturing maintenance and repair costs $ 353 $ 295 $ 304 Capitalized interest $ 10 $ 5 $ 5
Schedule of property	Property at December 31 Estimated Useful In millions Lives (Years) 2015 2014 Land — $ 69 $ 49 Land and waterway improvements 15-25 209 208 Buildings 5-50 420 419 Machinery and equipment 3-20 5,809 5,744 Utility and supply lines 5-20 164 158 Other property 3-30 98 96 Construction in progress — 267 157 Total property $ 7,036 $ 6,831

NONCONSOLIDATED AFFILIATES (Tab

NONCONSOLIDATED AFFILIATES (Tables)	12 Months Ended
	Dec. 31, 2015
Nonconsolidated Affiliates [Abstract]
Equity Method Investment Summarized Income Statement information [Table Text Block]	Summarized Income Statement Information In millions 2015 2014 2013 (1) Sales $ — $ — $ 452 Gross profit $ — $ — $ 208 Net income $ — $ — $ 142 (1) Income statement information for NUC is for the six-month period ended June 30, 2013 and income statement information for Univation is for the nine-month period ended September 30, 2013.

INVESTMENTS IN RELATED COMPAN34

INVESTMENTS IN RELATED COMPANIES (Tables)	12 Months Ended
	Dec. 31, 2015
Investments in Related Companies [Abstract]
Schedule of Cost Method Investments [Table Text Block]	Investments in Related Companies at December 31 Ownership Interest Investment Balance In millions (except percentages) 2015 2014 2015 2014 Dow International Holdings Company 15 % 19 % $ 633 $ 807 Dow Quimica Argentina S.A. 23 % 23 % — — Dow Quimica Mexicana S.A. de C.V. 15 % 15 % 5 5 Other — % — % 1 1 Total Investments in Related Companies $ 639 $ 813

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2015
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets	Intangible Assets at December 31 2015 2014 In millions Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Intangible assets with finite lives: Licenses and intellectual property $ 33 $ (33 ) $ — $ 33 $ (33 ) $ — Software 63 (41 ) 22 55 (40 ) 15 Total intangible assets $ 96 $ (74 ) $ 22 $ 88 $ (73 ) $ 15
Schedule Of Finite Lived Intangible Assets Amortization Expense Table [Table Text Block]	Amortization Expense In millions 2015 2014 2013 Software (1) $ 2 $ 2 $ 2 (1) Included in “Cost of sales” in the consolidated statements of income.
Schedule of Expected Amortization Expense [Table Text Block]	Estimated Amortization Expense for Next Five Years In millions 2016 $ 3 2017 $ 3 2018 $ 4 2019 $ 4 2020 $ 3

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
Financial Instruments [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments: At December 31, 2015 At December 31, 2014 In millions Cost Gain Loss Fair Value Cost Gain Loss Fair Value Debt securities (1) $ 4 $ — $ — $ 4 $ 5 $ — $ — $ 5 Long-term debt (2) $ (477 ) $ — $ (96 ) $ (573 ) $ (478 ) $ — $ (123 ) $ (601 ) (1) Marketable securities are included in “Other investments” in the consolidated balance sheets. (2) Presented in accordance with newly implemented ASU 2015-03. See Note 2 for further information.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Basis of Fair Value Measurements on a Recurring Basis at December 31 Significant Other Observable Inputs (Level 2) Significant Other Observable Inputs (Level 2) In millions 2015 2014 Assets at fair value: Debt securities (1) $ 4 $ 5 Liabilities at fair value: Long-term debt (2) $ 573 $ 601 (1) Included in “Other investments” in the consolidated balance sheets. (2) See Note 10 for information on fair value measurements of long-term debt.

SUPPLEMENTARY INFORMATION (Tabl

SUPPLEMENTARY INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2015
Supplementary Information [Abstract]
Sundry Income, Net [Table Text Block]	Sundry Income (Expense) - Net In millions 2015 2014 2013 Dow administrative and overhead fees (1) $ (30 ) $ (26 ) $ (25 ) Net commission expense - related company (1) (22 ) (21 ) (17 ) Net gain on ownership transfer of property 23 — — Net gain on sale of patents (2) 10 — — Net gain (loss) on sales of property (3 ) 4 — Net gain on sale of railcar fleet (1) — 66 — Dividend income - related companies (1) — 12 16 Reclassification of cumulative translation adjustment — (16 ) — Net gain on sale of Dow's Polypropylene Licensing and Catalysts business (2) — 4 368 Impairment of investment in related company (1) — — (25 ) Foreign exchange loss (2 ) — (2 ) Other - net (6 ) (9 ) (7 ) Total sundry income (expense) - net $ (30 ) $ 14 $ 308 (1) See Note 17 for additional information. (2) See Note 4 for additional information.
Supplemental Disclosure of Cash Flow Information [Table Text Block]	Supplementary Cash Flow Information In millions 2015 2014 2013 Cash payments for interest $ 39 $ 37 $ 37 Cash payments (refunds) for income taxes $ (125 ) $ 555 $ 322

COMMITMENTS AND CONTINGENT LI39

COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Environmental Loss Contingency Disclosure [Text Block]	Accrued Liability for Environmental Matters In millions 2015 2014 Balance at January 1 $ 132 $ 126 Additional accruals 61 62 Charges against reserve (76 ) (56 ) Foreign currency impact (2 ) — Balance at December 31 $ 115 $ 132
Schedule Of Receivables For Asbestos Related Costs Table Text Block	Receivables for Asbestos-Related Costs at December 31 In millions 2015 2014 Receivables for defense and resolution costs - carriers with settlement agreements $ 51 $ 69 Receivables for insurance recoveries - carriers without settlement agreements 10 10 Total $ 61 $ 79
Unrecorded Unconditional Purchase Obligations Disclosure [Table Text Block]	Fixed and Determinable Portion of Take-or-Pay Obligations at December 31, 2015 In millions 2016 $ 21 2017 22 2018 20 2019 19 2020 19 2021 and beyond 82 Total $ 183

NOTES PAYABLE AND LONG-TERM D40

NOTES PAYABLE AND LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Instrument [Line Items]
Schedule of Maturities of Long-term Debt [Table Text Block]	Annual Installments on Long-Term Debt for Next Five Years In millions 2016 $ 1 2017 $ 1 2018 $ 1 2019 $ 1 2020 $ 1
Schedule of Short-term Debt [Table Text Block]	Notes Payable at December 31 In millions 2015 2014 Notes payable - related companies $ 25 $ 43 Year-end average interest rates 1.40 % 0.82 %
Schedule of Long-term Debt Instruments [Table Text Block]	Long-Term Debt at December 31 2015 2014 Average Average In millions Rate 2015 Rate 2014 Promissory notes and debentures: Debentures due 2023 7.875 % $ 175 7.875 % $ 175 Debentures due 2025 6.79 % 12 6.79 % 12 Debentures due 2025 7.50 % 150 7.50 % 150 Debentures due 2096 7.75 % 135 7.75 % 135 Capital lease obligations — 10 — 11 Unamortized debt discount and issuance costs (1) — (5 ) — (5 ) Long-term debt due within one year — (1 ) — (1 ) Total long-term debt (1) $ 476 $ 477 (1) Presented in accordance with newly implemented ASU 2015-03. See Note 2 for further information.

PENSION PLANS AND OTHER POSTR41

PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS (Tables)	12 Months Ended
	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Schedule of Net Benefit Costs [Table Text Block]	Net Periodic Benefit Cost for all Plans Defined Benefit Pension Plans Other Postretirement Benefits In millions 2015 2014 2013 2015 2014 2013 Service cost $ 44 $ 30 $ 31 $ 1 $ 1 $ 2 Interest cost 164 183 165 10 13 14 Expected return on plan assets (226 ) (232 ) (232 ) — — — Amortization of prior service cost (credit) (1 ) 6 7 (1 ) — (1 ) Amortization of net (gain) loss 87 66 88 (10 ) (10 ) — Net periodic benefit cost $ 68 $ 53 $ 59 $ — $ 4 $ 15
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive (Income) Loss for all Plans Defined Benefit Pension Plans Other Postretirement Benefits In millions 2015 2014 2013 2015 2014 2013 Net (gain) loss $ 34 $ 450 $ (283 ) $ 19 $ (12 ) $ (102 ) Prior service cost (credit) arising during period 4 (38 ) — — — — Amortization of prior service (cost) credit 1 (6 ) (7 ) 1 — 1 Amortization of net gain (loss) (87 ) (66 ) (88 ) 10 10 — Total recognized in other comprehensive (income) loss $ (48 ) $ 340 $ (378 ) $ 30 $ (2 ) $ (101 ) Total recognized in net periodic benefit cost and other comprehensive (income) loss $ 20 $ 393 $ (319 ) $ 30 $ 2 $ (86 )
Schedule of Change in Projected Benefit Obligations, Plan Assets and Funded Status of All Significant Plans [Table Text Block]	Change in Projected Benefit Obligations, Plan Assets and Funded Status for all Plans In millions Defined Benefit Pension Plans Other Postretirement Benefits Change in projected benefit obligation: 2015 2014 2015 2014 Benefit obligation at beginning of year $ 4,345 $ 3,995 $ 270 $ 302 Service cost 44 30 1 1 Interest cost 164 183 10 13 Plan amendments 4 (38 ) — — Actuarial changes in assumptions and experience (178 ) 531 19 (13 ) Benefits paid (293 ) (340 ) (24 ) (33 ) Other (1) (93 ) (16 ) — — Benefit obligation at end of year $ 3,993 $ 4,345 $ 276 $ 270 Change in plan assets: Fair value of plan assets at beginning of year $ 3,543 $ 3,586 $ — $ — Actual return on plan assets 14 312 — — Employer contributions 2 2 — — Asset transfer (1) (93 ) (17 ) — — Benefits paid (293 ) (340 ) — — Fair value of plan assets at end of year $ 3,173 $ 3,543 $ — $ — Funded status at end of year $ (820 ) $ (802 ) $ (276 ) $ (270 ) Net amounts recognized in the consolidated balance sheets at December 31: Current liabilities $ (2 ) $ (1 ) $ (26 ) $ (27 ) Noncurrent liabilities (818 ) (801 ) (250 ) (243 ) Net amounts recognized in the consolidated balance sheets $ (820 ) $ (802 ) $ (276 ) $ (270 ) Pretax amounts recognized in AOCL at December 31: Net loss (gain) $ 1,902 $ 1,955 $ (80 ) $ (109 ) Prior service credit (14 ) (19 ) — (1 ) Pretax balance in AOCL at end of year $ 1,888 $ 1,936 $ (80 ) $ (110 ) (1) The 2015 impact includes the transfer of benefit obligations of $71 million through the purchase of annuity contracts from an insurance company.
Schedule of Expected Benefit Payments [Table Text Block]	Estimated Future Benefit Payments at December 31, 2015 In millions Defined Benefit Pension Plans Other Postretirement Benefits 2016 $ 274 $ 26 2017 274 25 2018 273 24 2019 273 23 2020 271 23 2021 through 2025 1,326 93 Total $ 2,691 $ 214
Schedule of Allocation of Plan Assets [Table Text Block]	Strategic Target Allocation of Plan Assets Asset Category Target Allocation Equity securities 23 % Fixed income securities 45 % Alternative investments 27 % Other 5 % Total 100 %
Schedule of Defined Benefit Plans Disclosures [Table Text Block]	Basis of Fair Value Measurements at December 31, 2015 In millions Quoted Prices in Active Markets for Identical Items (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Cash and cash equivalents $ 1 $ 173 $ — $ 174 Equity securities: U.S. equity $ 237 $ 35 $ — $ 272 Non-U.S. equity - developed countries 71 136 — 207 Emerging markets 45 90 5 140 Equity derivatives — 3 — 3 Total equity securities $ 353 $ 264 $ 5 $ 622 Fixed income securities: U.S. government and municipalities $ — $ 574 $ — $ 574 U.S. agency mortgage backed securities — 56 — 56 Corporates - investment grade — 677 — 677 Non-U.S. governments - developed countries — 5 — 5 Non-U.S. corporates - developed countries — 146 — 146 Emerging markets debt — 12 — 12 Other asset-backed securities — 13 — 13 Other fixed income funds — — 51 51 Fixed income derivatives — 15 — 15 High yield bonds — 3 — 3 Total fixed income securities $ — $ 1,501 $ 51 $ 1,552 Alternative investments: Real estate $ — $ — $ 284 $ 284 Private equity — — 220 220 Absolute return — 114 165 279 Total alternative investments $ — $ 114 $ 669 $ 783 Total other securities $ — $ 20 $ 22 $ 42 Total pension plan assets at fair value $ 354 $ 2,072 $ 747 $ 3,173 Basis of Fair Value Measurements at December 31, 2014 In millions Quoted Prices in Active Markets for Identical Items (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Cash and cash equivalents $ 3 $ 131 $ — $ 134 Equity securities: U.S. equity $ 360 $ 78 $ 1 $ 439 Non-U.S. equity - developed countries 166 160 — 326 Emerging markets 40 62 3 105 Equity derivatives — (1 ) — (1 ) Total equity securities $ 566 $ 299 $ 4 $ 869 Fixed income securities: U.S. government and municipalities $ — $ 673 $ — $ 673 U.S. agency mortgage backed securities — 66 — 66 Corporates - investment grade — 743 — 743 Non-U.S. governments - developed countries — 6 — 6 Non-U.S. corporates - developed countries — 160 — 160 Emerging markets debt — 14 — 14 Other asset-backed securities — 11 1 12 Other fixed income funds — — 32 32 High yield bonds — 2 — 2 Total fixed income securities $ — $ 1,675 $ 33 $ 1,708 Alternative investments: Real estate $ — $ — $ 288 $ 288 Private equity — — 233 233 Absolute return — 126 166 292 Total alternative investments $ — $ 126 $ 687 $ 813 Total other securities $ — $ (3 ) $ 22 $ 19 Total pension plan assets at fair value $ 569 $ 2,228 $ 746 $ 3,543
Defined Benefit Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Schedule of Assumptions Used [Table Text Block]	Pension Plan Assumptions Benefit Obligations at December 31 Net Periodic Costs for the Year 2015 2014 2013 2015 2014 2013 Discount rate 4.26 % 3.90 % 4.75 % 3.90 % 4.75 % 3.85 % Rate of increase in future compensation levels 4.50 % 4.50 % 4.50 % 4.50 % 4.50 % 4.50 % Expected long-term rate of return on plan assets — — — 6.80 % 6.80 % 6.90 %
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]	Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets at December 31 In millions 2015 2014 Projected benefit obligation $ 3,993 $ 4,345 Accumulated benefit obligation $ 3,960 $ 4,302 Fair value of plan assets $ 3,173 $ 3,543
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]	Fair Value Measurement of Level 3 Equity Securities Fixed Income Securities Alternative Investments Other Securities Total Pension Plan Assets In millions Balance at January 1, 2014 $ 2 $ 14 $ 623 $ 22 $ 661 Actual return on plan assets: Relating to assets held at Dec 31, 2014 (2 ) — (22 ) — (24 ) Relating to assets sold during 2014 — — 35 — 35 Purchases, sales and settlements 4 20 53 — 77 Transfers out of Level 3, net — (1 ) — — (1 ) Foreign currency impact — — (2 ) — (2 ) Balance at December 31, 2014 $ 4 $ 33 $ 687 $ 22 $ 746 Actual return on plan assets: Relating to assets held at Dec 31, 2015 2 (4 ) (35 ) — (37 ) Relating to assets sold during 2015 — 1 60 — 61 Purchases, sales and settlements — 21 (42 ) — (21 ) Transfers out of Level 3, net (1 ) — — — (1 ) Foreign currency impact — — (1 ) — (1 ) Balance at December 31, 2015 $ 5 $ 51 $ 669 $ 22 $ 747
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Schedule of Assumptions Used [Table Text Block]	Plan Assumptions for Other Postretirement Benefits Benefit Obligations at December 31 Net Periodic Costs for the Year 2015 2014 2013 2015 2014 2013 Discount rate 4.08 % 3.75 % 4.40 % 3.75 % 4.40 % 3.65 % Initial health care cost trend rate 7.25 % 7.05 % 7.46 % 7.05 % 7.46 % 7.85 % Ultimate health care cost trend rate 5.00 % 5.00 % 5.00 % 5.00 % 5.00 % 5.00 % Year ultimate trend rate to be reached 2025 2020 2020 2025 2020 2020

LEASED PROPERTY (Tables)

LEASED PROPERTY (Tables)	12 Months Ended
	Dec. 31, 2015
Leases [Abstract]
Operating Leases of Lessee Disclosure [Table Text Block]	Minimum Lease Commitments at December 31, 2015 In millions 2016 $ 6 2017 5 2018 5 2019 4 2020 3 2021 and thereafter 10 Total $ 33

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Expense (Benefit), Continuing Operations [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	Domestic and Foreign Components of Income (Loss) Before Income Taxes In millions 2015 2014 2013 Domestic (1) $ 1,254 $ 896 $ 1,077 Foreign (11 ) (5 ) (10 ) Total $ 1,243 $ 891 $ 1,067 (1) In 2013, the domestic component of "Income Before Income Taxes" included a gain of $368 million for the sale of Dow's Polypropylene Licensing and Catalysts business.
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Provision for Income Taxes 2015 2014 2013 In millions Current Deferred Total Current Deferred Total Current Deferred Total Federal (1) $ 373 $ (31 ) $ 342 $ (41 ) $ 311 $ 270 $ 337 $ 18 $ 355 State and local 2 (13 ) (11 ) (5 ) 38 33 5 (47 ) (42 ) Foreign 104 — 104 1 — 1 6 — 6 Total $ 479 $ (44 ) $ 435 $ (45 ) $ 349 $ 304 $ 348 $ (29 ) $ 319
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Reconciliation to U.S. Statutory Rate In millions 2015 2014 2013 Taxes at U.S. statutory rate $ 435 $ 312 $ 374 U.S. manufacturing deductions (8 ) (26 ) (7 ) Benefit of dividend income from investments in related companies — — (6 ) Audit settlement and court case impact — — 20 Unrecognized tax benefits 24 — (30 ) Federal tax accrual adjustments (7 ) (14 ) (5 ) State and local tax impact (11 ) 42 (38 ) Other - net 2 (10 ) 11 Total tax provision $ 435 $ 304 $ 319 Effective tax rate 35.0 % 34.1 % 29.9 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Deferred Tax Balances at December 31 2015 2014 In millions Deferred Tax Assets Deferred Tax Liabilities Deferred Tax Assets Deferred Tax Liabilities Property $ — $ 193 $ — $ 197 Tax loss and credit carryforwards 70 — 82 — Postretirement benefit obligations 802 395 818 420 Other accruals and reserves 297 — 263 3 Inventory 23 — 53 — Other - net 7 1 2 1 Subtotal $ 1,199 $ 589 $ 1,218 $ 621 Valuation allowances (28 ) — (53 ) — Total $ 1,171 $ 589 $ 1,165 $ 621
Schedule of Total Gross Unrecognized Tax Benefits [Table Text Block]	Total Gross Unrecognized Tax Benefits In millions 2015 2014 2013 Balance at January 1 $ 1 $ 4 $ 166 Increases related to positions taken on items from prior years 67 — 1 Decreases related to positions taken on items from prior years — — (7 ) Settlement of uncertain tax positions with tax authorities — — (154 ) Decreases due to expiration of statutes of limitations — (3 ) (2 ) Balance at December 31 $ 68 $ 1 $ 4
Schedule of Tax Years Subject to Examination by Major Tax Jurisdiction	Tax Years Subject to Examination by Major Tax Jurisdiction at December 31 Jurisdiction Earliest Open Year 2015 2014 United States: Federal income tax 2004 2004 State and local income tax 2004 2004

ACCUMULATED OTHER COMPREHENSI44

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	12 Months Ended
	Dec. 31, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Loss [Table Text Block]	Accumulated Other Comprehensive Loss In millions 2015 2014 2013 Cumulative Translation Adjustments at beginning of year $ (63 ) $ (78 ) $ (56 ) Translation adjustments 2 (1 ) (1 ) Reclassification to earnings - Sundry income (expense) - net (1) — 16 (21 ) Balance at end of period $ (61 ) $ (63 ) $ (78 ) Pension and Other Postretirement Benefit Plans at beginning of year $ (1,180 ) $ (967 ) $ (1,289 ) Net gain (loss) during period (net of tax of $(21), $(165), $122) (2) (3) (32 ) (273 ) 263 Prior service credit (cost) arising during the period (net of tax of $(2), $13, $-) (2 ) 25 — Amortization of prior service cost (credit) included in net periodic pension costs (net of tax of $(1), $2, $2) (2) (3) (1 ) 4 4 Amortization of net loss included in net periodic pension costs (net of tax of $29, $25, $33) (2) (3) 48 31 55 Balance at end of period $ (1,167 ) $ (1,180 ) $ (967 ) Total accumulated other comprehensive loss $ (1,228 ) $ (1,243 ) $ (1,045 ) (1) In 2014, reclassification resulted from the divestiture or liquidation of subsidiaries. In 2013, reclassification resulted from the divestiture of a nonconsolidated affiliate. (2) See Note 15 for additional information. (3) Tax amounts are included in "Provision for income taxes" in the consolidated statements of income.

BUSINESS AND GEOGRAPHIC AREAS (

BUSINESS AND GEOGRAPHIC AREAS (Tables)	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	Geographic Area Information In millions United States Asia Pacific Rest of World Total 2015 Sales to external customers (1) $ 70 $ 3 $ 14 $ 87 Long-lived assets $ 1,259 $ 10 $ 32 $ 1,301 2014 Sales to external customers (1) $ 62 $ 1 $ 19 $ 82 Long-lived assets $ 1,113 $ 6 $ 33 $ 1,152 2013 Sales to external customers (1) $ 100 $ 43 $ 18 $ 161 Long-lived assets $ 1,197 $ 6 $ 36 $ 1,239 (1) Of the total sales to external customers, China was 0 percent in 2015, less than 1 percent in 2014 and approximately 21 percent in 2013 .

SUMMARY OF SIGNIFICANT ACCOUN46

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - years	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounting Policies [Abstract]
Amortization Period for Cost Capitalized on Asset Retirement Obligations	10
Sales Revenue, Goods, Net, Percentage	99.00%	99.00%	97.00%
Sales Revenue, Non Goods, Net, Percentage	1.00%	1.00%	3.00%

RESTRUCTURING (Details)

RESTRUCTURING (Details) $ in Millions	3 Months Ended			12 Months Ended
	Dec. 31, 2015USD ($)employees	Jun. 30, 2015USD ($)employees	Dec. 31, 2014USD ($)	Dec. 31, 2015USD ($)employees	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		$ 18		$ 19	$ (3)	$ 0
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Number of Positions Eliminated | employees	8	16
Severance Costs	$ 1	$ 2
Payments for Restructuring				(1)
Restructuring Reserve	$ 2			$ 2
Entity Number of Employees | employees	15			15
Cost Associated with Exit and Disposal Activities [Member]
Restructuring Cost and Reserve [Line Items]
Business Exit Costs		2
Impairment of Long-Lived Assets and Other Assets [Member]
Restructuring Cost and Reserve [Line Items]
Other Asset Impairment Charges		$ 14
4Q12 Restructuring [Member] | Exit Or Disposal Activities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Accrual Adjustment			$ (3)

DIVESTITURES DIVESTITURES (Poly

DIVESTITURES DIVESTITURES (Polypropylene Licensing and Catalysts Business) (Details) - Polypropylene Licensing and Catalyst Business [Member] - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015	[1]	Dec. 31, 2014	[1]	Dec. 31, 2013	[1]	Dec. 02, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Net									$ 4
Disposal Group, Including Discontinued Operation, Inventory									19
Assets divested, net property									7
Assets, total assets divested									$ 30
Proceeds from Divestiture of Businesses		$ 398	$ 0		$ 4		$ 368
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	$ 4	368
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal, Net of Tax	$ 3	$ 233
[1]	See Note 4 for additional information.

DIVESTITURES DIVESTITURES (Meth

DIVESTITURES DIVESTITURES (Methylmercapto Propionaldehyde Assets) (Details) - Methylmercapto Propionaldehyde Assets [Member] $ in Millions	3 Months Ended
	Dec. 31, 2015USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from Divestiture of Businesses	$ 31
Deferred Revenue	42.5
Proceeds from Sale of Intangible Assets	10
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	$ 10

INVENTORIES (Schedule of Invent

INVENTORIES (Schedule of Inventories) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Finished goods	$ 157	$ 205
Work in process	22	30
Raw materials	39	45
Supplies	85	98
Total inventories	303	378
Inventory, LIFO Reserve	$ 49	$ 125
Percentage of LIFO Inventory	67.00%	67.00%
Effect of LIFO Inventory Liquidation on Income	$ 14	$ 0

PROPERTY (Schedule of Property)

PROPERTY (Schedule of Property) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property	$ 7,036	$ 6,831
Land [Member]
Property, Plant and Equipment [Line Items]
Property	69	49
Land and waterway improvements [Member]
Property, Plant and Equipment [Line Items]
Property	209	208
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property	420	419
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Property	5,809	5,744
Utility and Supply Lines [Member]
Property, Plant and Equipment [Line Items]
Property	164	158
Other property [Member]
Property, Plant and Equipment [Line Items]
Property	98	96
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property	$ 267	$ 157
Maximum [Member] | Land and waterway improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	25 years
Maximum [Member] | Buildings [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	50 years
Maximum [Member] | Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	20 years
Maximum [Member] | Utility and Supply Lines [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	20 years
Maximum [Member] | Other property [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	30 years
Minimum [Member] | Land and waterway improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	15 years
Minimum [Member] | Buildings [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Minimum [Member] | Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Minimum [Member] | Utility and Supply Lines [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Minimum [Member] | Other property [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years

PROPERTY (Schedule of Other Ite

PROPERTY (Schedule of Other Items Related to Property) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 160	$ 176	$ 204
Manufacturing maintenance and repair costs	353	295	304
Capitalized interest	$ 10	$ 5	$ 5

NONCONSOLIDATED AFFILIATES (Nar

NONCONSOLIDATED AFFILIATES (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013		Jun. 30, 2013
Schedule of Equity Method Investments [Line Items]
Investments in nonconsolidated affiliates		$ 13	$ 13
Equity Method Investment, Dividends		2	0	$ 62
Undistributed Earnings of Nonconsolidated Affiliates		8	7
Equity in earnings of nonconsolidated affiliates		4	7	82
Dividend, Noncash, Ownership interest in Subsidiary	$ 70
Principal Nonconsolidated Affiliates [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Summarized Financial Information, Revenue		0	0	452	[1]
Equity Method Investment, Summarized Financial Information, Gross Profit (Loss)		0	0	208	[1]
Equity Method Investment, Summarized Financial Information, Net Income (Loss)		0	0	142	[1]
Investments in nonconsolidated affiliates		0
Equity in earnings of nonconsolidated affiliates		$ 0	$ 0	$ 84
Univation Technologies, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Dividend, Noncash, Ownership interest in Subsidiary	$ 70
Union Carbide Subsidiary C, Inc. [Member]
Schedule of Equity Method Investments [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	100.00%
Nippon Unicar Company Limited [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage						50.00%
Sale price per agreement	$ 13
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax	$ 20
[1]	Income statement information for NUC is for the six-month period ended June 30, 2013 and income statement information for Univation is for the nine-month period ended September 30, 2013.

NONCONSOLIDATED AFFILIATES (Sum

NONCONSOLIDATED AFFILIATES (Summary of Financial Information) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of Equity Method Investments [Line Items]
Equity in earnings of nonconsolidated affiliates	$ 4	$ 7	$ 82
Investments in nonconsolidated affiliates	13	13
Principal Nonconsolidated Affiliates [Member]
Schedule of Equity Method Investments [Line Items]
Sales	0	0	452	[1]
Gross Profit	0	0	208	[1]
Net Income	0	0	142	[1]
Equity in earnings of nonconsolidated affiliates	0	$ 0	$ 84
Investments in nonconsolidated affiliates	$ 0
[1]	Income statement information for NUC is for the six-month period ended June 30, 2013 and income statement information for Univation is for the nine-month period ended September 30, 2013.

INVESTMENTS IN RELATED COMPAN55

INVESTMENTS IN RELATED COMPANIES (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Sep. 18, 2015	Dec. 31, 2014	Sep. 30, 2014
Schedule of Cost-method Investments [Line Items]
Investments in related companies	$ 639			$ 813
Treasury Stock, Shares, Constructively Retired	64.49	64.58
Dow International Holdings Company [Member]
Schedule of Cost-method Investments [Line Items]
Cost Method Investments	$ 633			$ 807
Common Stock, Related Company			462.7096
Ownership Interest Percentage, Related Company	15.00%	15.00%	19.10%	19.00%
Investments in related companies		$ 174
Dow Quimica Argentina S.A. [Member]
Schedule of Cost-method Investments [Line Items]
Cost Method Investments	$ 0			$ 0
Ownership Interest Percentage, Related Company	23.00%			23.00%
Dow Quimica Mexicana S.A. de C.V. [Member]
Schedule of Cost-method Investments [Line Items]
Cost Method Investments	$ 5			$ 5
Ownership Interest Percentage, Related Company	15.00%			15.00%
Other Investments [Member]
Schedule of Cost-method Investments [Line Items]
Cost Method Investments	$ 1			$ 1
Ownership Interest Percentage, Related Company	0.00%			0.00%
The Dow Chemical Company [Member]
Schedule of Cost-method Investments [Line Items]
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions		100.00%
GWN Holding, Inc. [Member]
Schedule of Cost-method Investments [Line Items]
Cost Method Investments					$ 10
Ownership Interest Percentage, Related Company					6.30%
The Dow Chemical Company [Member] | Dow International Holdings Company [Member]
Schedule of Cost-method Investments [Line Items]
Ownership Interest Percentage, Related Company			80.90%
The Dow Chemical Company [Member] | GWN Holding, Inc. [Member]
Schedule of Cost-method Investments [Line Items]
Ownership Interest Percentage, Related Company					93.70%

INTANGIBLE ASSETS (Intangible A

INTANGIBLE ASSETS (Intangible Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 96	$ 88
Finite-Lived Intangible Assets, Accumulated Amortization	(74)	(73)
Finite-Lived Intangible Assets, Net	22	15
Licensing Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	33	33
Finite-Lived Intangible Assets, Accumulated Amortization	(33)	(33)
Finite-Lived Intangible Assets, Net	0	0
Software [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	63	55
Finite-Lived Intangible Assets, Accumulated Amortization	(41)	(40)
Finite-Lived Intangible Assets, Net	$ 22	$ 15

INTANGIBLE ASSETS (Schedule of

INTANGIBLE ASSETS (Schedule of Amortization Expense of Intangible Assets) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]
Amortization Expense, software, included in 'cost of sales'	[1]	$ 2	$ 2	$ 2
[1]	Included in “Cost of sales” in the consolidated statements of income.

INTANGIBLE ASSETS (Schedule o58

INTANGIBLE ASSETS (Schedule of Future Amortization Expense of Intangible Assets) (Details) $ in Millions	Dec. 31, 2015USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Estimated Amortization Expense, 2016	$ 3
Estimated Amortization Expense, 2017	3
Estimated Amortization Expense, 2018	4
Estimated Amortization Expense, 2019	4
Estimated Amortization Expense, 2020	$ 3

FINANCIAL INSTRUMENTS (Investme

FINANCIAL INSTRUMENTS (Investments) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Financial Instruments [Abstract]
Investing Results, Proceeds from sales of available-for-sale securities	$ 1	$ 0	$ 0

FINANCIAL INSTRUMENTS (Fair Val

FINANCIAL INSTRUMENTS (Fair Value of Financial Instruments) (Details) - USD ($) $ in Millions		Dec. 31, 2015	Dec. 31, 2014
Long-term Debt [Member]
Financial Instruments [Line Items]
Financial Instruments, Cost	[1]	$ (477)	$ (478)
Financial Instruments, Gross Unrealized Gains	[1]	0	0
Financial Instruments, Gross Unrealized Loss	[1]	(96)	(123)
Financial Instruments, Fair Value	[1]	(573)	(601)
Debt Securities [Member]
Financial Instruments [Line Items]
Financial Instruments, Cost	[2]	(4)	(5)
Financial Instruments, Gross Unrealized Gains	[2]	0	0
Financial Instruments, Gross Unrealized Loss	[2]	0	0
Financial Instruments, Fair Value	[2]	$ (4)	$ (5)
[1]	Presented in accordance with newly implemented ASU 2015-03. See Note 2 for further information.
[2]	Marketable securities are included in “Other investments” in the consolidated balance sheets.

FAIR VALUE MEASUREMENTS (Basis

FAIR VALUE MEASUREMENTS (Basis of Fair Value Measurements on a Recurring Basis) (Details) - Fair Value, Measurements, Recurring [Member] - Fair Value, Inputs, Level 2 [Member] - USD ($) $ in Millions		Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	[1]	$ 573	$ 601
Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Fair Value Disclosure	[2]	$ 4	$ 5
[1]	See Note 10 for information on fair value measurements of long-term debt.
[2]	Included in “Other investments” in the consolidated balance sheets.

SUPPLEMENTARY INFORMATION (Sund

SUPPLEMENTARY INFORMATION (Sundry Income, Net) (Details) - USD ($) $ in Millions		3 Months Ended		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2013	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Supplementary Information [Line Items]
Total sundry income (expense) - net				$ (30)		$ 14		$ 308
Nonmonetary Transaction, Gain (Loss) Recognized on Transfer				23		0		0
Reclassification of cumulative translation adjustment				0		(16)		0
Net gain on sales of property				(3)		4		0
Impairment of investment in related company				0		0		(25)	[1]
Foreign exchange loss				(2)		0		(2)
Other - net				(6)		(9)		(7)
Administrative and overhead fees [Member] | The Dow Chemical Company [Member]
Supplementary Information [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party	[1]			(30)		(26)		(25)
Net Commission Expense [Member]
Supplementary Information [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party	[1]			(22)		(21)		(17)
Dividend Income [Member]
Supplementary Information [Line Items]
Dividend income - related company	[1]			0		12		16
Methylmercapto Propionaldehyde Assets [Member]
Supplementary Information [Line Items]
Net gain on sale of Dow's Polypropylene Licensing and Catalysts business		$ 31
Polypropylene Licensing and Catalyst Business [Member]
Supplementary Information [Line Items]
Net gain on sale of Dow's Polypropylene Licensing and Catalysts business			$ 398	0	[2]	4	[2]	368	[2]
Property, Plant and Equipment [Member]
Supplementary Information [Line Items]
Net gain on sale of assets				0		66	[1]	0
Patents [Member]
Supplementary Information [Line Items]
Net gain on sale of assets						$ 0		$ 0
Patents [Member] | Methylmercapto Propionaldehyde Assets [Member]
Supplementary Information [Line Items]
Net gain on sale of assets	[2]			$ 10
[1]	See Note 17 for additional information.
[2]	See Note 4 for additional information.

SUPPLEMENTARY INFORMATION (Accr

SUPPLEMENTARY INFORMATION (Accrued and other current liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Other Accrued Liabilities, Current	$ 177	$ 192
Accrued and Other Current Liabilities [Member]
Accrued Environmental Loss Contingencies, Current	$ 56	$ 69

SUPPLEMENTARY INFORMATION (Othe

SUPPLEMENTARY INFORMATION (Other Income Statement and Cash Flow Information) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Supplementary Information [Abstract]
Cash payments for interest	$ 39	$ 37	$ 37
Cash payments (refunds) for income taxes	$ (125)	$ 555	$ 322

COMMITMENTS AND CONTINGENT LI65

COMMITMENTS AND CONTINGENT LIABILITIES (Environmental Matters) (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Loss Contingencies [Line Items]
Environmental Remediation Expense	$ 58	$ 62	$ 80
Capital expenditures for environmental protection	14	6	2
Accrual for Environmental Loss Contingencies [Roll Forward]
Accrual for Environmental Loss Contingencies, beginning balance	132	126
Accrual for Environmental Loss Contingencies, Provision for New Losses	61	62
Accrual For Environmental Loss Contingencies Charges Against Reserve	(76)	(56)
Accrual for Environmental Loss Contingencies, Increase (Decrease) for Currency Translation	(2)	0
Accrual for environmental loss contingencies, ending balance	115	132	$ 126
Accrual For Environmental Loss Contingencies Superfund Sites [Member]
Accrual for Environmental Loss Contingencies [Roll Forward]
Accrual for Environmental Loss Contingencies, beginning balance	22
Accrual for environmental loss contingencies, ending balance	$ 21	$ 22

COMMITMENTS AND CONTINGENT LI66

COMMITMENTS AND CONTINGENT LIABILITIES (Asbestos Related Matters) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2002
Loss Contingencies [Line Items]
Liability For Asbestos Claims Gross	$ 513	$ 437	$ 513		$ 2,200
Loss Contingency, Range of Possible Loss, Minimum	540		540
Loss Contingency, Range of Possible Loss, Maximum	640		640
Asbestos Related Charges Credit	$ 78	$ 0	$ 78	$ 0
Percentage of Recorded Asbests Liability Related to Pending Claims	22.00%	21.00%	22.00%
Percentage of Recorded Asbestos Liability Related to Future Claims	78.00%	79.00%	78.00%
Estimated Insurance Recoveries	$ 79	$ 61	$ 79		$ 1,350
Defense and Resolution Costs Asbestos Related Claims		83	108	$ 107
Estimated Insurance Recoveries of Defense and Resolution Costs [Member]
Loss Contingencies [Line Items]
Estimated Insurance Recoveries	69	51	69
Estimated Insurance Recoveries Carriers Without Settlement Agreements [Member]
Loss Contingencies [Line Items]
Estimated Insurance Recoveries	$ 10	$ 10	$ 10

COMMITMENTS AND CONTINGENT LI67

COMMITMENTS AND CONTINGENT LIABILITIES (Purchase Commitments) (Details) - Inventories [Member] $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Unrecorded Unconditional Purchase Obligation [Line Items]
Long-term Purchase Commitment, Time Period (in years)	15 years
Fixed and Determinable Portion of Take or Pay Obligations under Purchase, Due 2016	$ 21
Fixed and Determinable Portion of Take or Pay Obligations under Purchase, Due 2017	22
Fixed and Determinable Portion of Take or Pay Obligations under Purchase, Due 2018	20
Fixed and Determinable Portion of Take or Pay Obligations under Purchase, Due 2019	19
Fixed and Determinable Portion of Take or Pay Obligations under Purchase, Due 2020	19
Fixed and Determinable Portion of Take or Pay Obligations under Purchase, Due 2021 and beyond	82
Fixed and Determinable Portion of Take or Pay Obligations under Purchase, Total	$ 183

NOTES PAYABLE AND LONG-TERM D68

NOTES PAYABLE AND LONG-TERM DEBT (Schedule of Notes Payable) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Debt Disclosure [Abstract]
Notes payable - related companies	$ 25	$ 43
Year-end average interest rates	1.40%	0.82%

NOTES PAYABLE AND LONG-TERM D69

NOTES PAYABLE AND LONG-TERM DEBT (Schedule of Long-Term Debt) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Unamortized Debt Discount and Issuance Costs	[1]	$ 5	$ 5
Long-term Debt and Capital Lease Obligations, Current, Net of Current Portion of Unamortized Issuance Costs		1	1
Long-term Debt and Capital Lease Obligations, Net of Unamortized Issuance Costs	[1]	$ 476	$ 477
Final Maturity 2023 [Member]
Debt Instrument [Line Items]
Average Interest Rate in Period		7.875%	7.875%
Long-Term Debt		$ 175	$ 175
Final Maturity 2025 (a) [Member]
Debt Instrument [Line Items]
Average Interest Rate in Period		6.79%	6.79%
Long-Term Debt		$ 12	$ 12
Final Maturity 2025 (b) [Member]
Debt Instrument [Line Items]
Average Interest Rate in Period		7.50%	7.50%
Long-Term Debt		$ 150	$ 150
Final Maturity 2096 [Member]
Debt Instrument [Line Items]
Average Interest Rate in Period		7.75%	7.75%
Long-Term Debt		$ 135	$ 135
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Long-Term Debt		$ 10	$ 11
[1]	Presented in accordance with newly implemented ASU 2015-03. See Note 2 for further information.

NOTES PAYABLE AND LONG-TERM D70

NOTES PAYABLE AND LONG-TERM DEBT (Schedule of Annual Installments) (Details) $ in Millions	Dec. 31, 2015USD ($)
Annual Installments [Abstract]
Long-term Debt, Maturities, Repayments of Principal 2016	$ 1
Long-term Debt, Maturities, Repayments of Principal 2017	1
Long-term Debt, Maturities, Repayments of Principal 2018	1
Long-term Debt, Maturities, Repayments of Principal 2019	1
Long-term Debt, Maturities, Repayments of Principal 2020	$ 1

PENSION PLANS AND OTHER POSTR71

PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS (Pension Plans) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Cost Recognized	$ 16	$ 15	$ 13
Pension contributions	2	2	158
Change in Accounting Estimate, Estimated Amount of Change in the Next Fiscal Year from the Adoption of the Spot Rate Approach	37
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Projected Benefit Obligation	3,993	4,345
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Accumulated Benefit Obligation	3,960	4,302
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Fair Value of Plan Assets	3,173	3,543
Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	$ 0	$ 0
Defined Benefit Plan, Effect of One Percentage Point Increase on Accumulated Postretirement Benefit Obligation	$ 2
Discount rate - benefit obligations	4.08%	3.75%	4.40%
Discount rate - net periodic costs	3.75%	4.40%	3.65%
Defined Benefit Plan, Actuarial Gain (Loss)	$ 19	$ (13)
Defined Benefit Plan, Benefit Obligation	276	270	$ 302
Defined Benefit Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	3,173	$ 3,543	$ 3,586
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year	$ 52
Discount rate - benefit obligations	4.26%	3.90%	4.75%
Rate of increase in future compensation levels - benefit obligations	4.50%	4.50%	4.50%
Discount rate - net periodic costs	3.90%	4.75%	3.85%
Rate of increase in future compensation levels - net periodic costs	4.50%	4.50%	4.50%
Expected long-term rate of return on plan assets - net periodic costs	6.80%	6.80%	6.90%
Defined Benefit Plan, Actuarial Gain (Loss)	$ (178)	$ 531
Defined Benefit Plan, Benefit Obligation	$ 3,993	4,345	$ 3,995
2014 SOA Mortality Change [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Actuarial Gain (Loss)		$ 139
Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate Support, Bond Indices	60
Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate Support, Bond Indices	90

PENSION PLANS AND OTHER POSTR72

PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS (Other Postretirement Benefits) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Cost Recognized	$ 16	$ 15	$ 13
Defined Benefit Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit Obligations, Beginning Balance	$ 4,345	$ 3,995
Discount rate - benefit obligations	4.26%	3.90%	4.75%
Discount rate - net periodic costs	3.90%	4.75%	3.85%
Employer Group Waiver Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Tax	$ 10
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Benefit Obligations, Beginning Balance	$ 270	$ 302
Discount rate - benefit obligations	4.08%	3.75%	4.40%
Initial health care cost trend rate - benefit obligations	7.25%	7.05%	7.46%
Ultimate health care cost trend rate - benefit obligations	5.00%	5.00%	5.00%
Discount rate - net periodic costs	3.75%	4.40%	3.65%
Initial health care cost trend rate - net periodic costs	7.05%	7.46%	7.85%
Ultimate health care cost trend rate - net periodic costs	5.00%	5.00%	5.00%
Defined Benefit Plan, Year that Rate Reaches Ultimate Trend Rate	2,025	2,020	2,020
Defined Benefit Plan, Effect of One Percentage Point Increase on Accumulated Postretirement Benefit Obligation	$ 2
Defined Benefit Plan, Effect of One Percentage Point Decrease on Accumulated Postretirement Benefit Obligation	$ 2

PENSION PLANS AND OTHER POSTR73

PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS (Net Periodic Benefit Cost and Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income for All Significant Plans) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 44	$ 30	$ 31
Defined Benefit Plan, Interest Cost	164	183	165
Expected return on plan assets	(226)	(232)	(232)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	(1)	6	7
Amortization of net (gain) loss	87	66	88
Defined Benefit Plan, Net Periodic Benefit Cost	68	53	59
Net (gain) loss	34	450	(283)
Prior Service Cost (Credit)	4	(38)	0
Other Comprehensive (Income) Loss, Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service Cost (Credit), before Tax	(1)	6	7
Amortization of net (gain) loss	(87)	(66)	(88)
Total recognized in other comprehensive (income) loss	(48)	340	(378)
Total recognized in net periodic benefit cost and other comprehensive (income) loss	20	393	(319)
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	1	1	2
Defined Benefit Plan, Interest Cost	10	13	14
Expected return on plan assets	0	0	0
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	(1)	0	(1)
Amortization of net (gain) loss	(10)	(10)	0
Defined Benefit Plan, Net Periodic Benefit Cost	0	4	15
Net (gain) loss	19	(12)	(102)
Prior Service Cost (Credit)	0	0	0
Other Comprehensive (Income) Loss, Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service Cost (Credit), before Tax	(1)	0	(1)
Amortization of net (gain) loss	10	10	0
Total recognized in other comprehensive (income) loss	30	(2)	(101)
Total recognized in net periodic benefit cost and other comprehensive (income) loss	$ 30	$ 2	$ (86)

PENSION PLANS AND OTHER POSTR74

PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS (Change in Projected Benefit Obligations, Plan Assets and Funded Status of All Significant Plans) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015		Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Amortization of Net Gains (Losses)	$ (75)
Defined Benefit Plan, Future Amortization of Prior Service Cost (Credit)	1
Defined Benefit Plan, Change in Benefit Obligations [Roll Forward]
Service cost	44		$ 30	$ 31
Interest cost	164		183	165
Defined Benefit Plan, Plan Amendments	4		(38)
Actuarial changes in assumptions and experience	(178)		531
Benefits paid	(293)		(340)
Other	(93)	[1]	(16)
Benefit Obligations, Ending Balance	3,993		4,345	3,995
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair Value of Plan Assets, Beginning	3,543		3,586
Actual return on plan assets	14		312
Employer contributions	2		2
Asset transfer	(93)	[1]	(17)
Benefits Paid	(293)		(340)
Fair Value of Plan Assets, Ending	3,173		3,543	3,586
Funded status at end of year	(820)		(802)
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract]
Current liabilities	(2)		(1)
Noncurrent liabilities	(818)		(801)
Net amounts recognized in the consolidated balance sheets	(820)		(802)
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax [Abstract]
Net loss (gain)	1,902		1,955
Prior service credit	(14)		(19)
Pretax balance in AOCI at end of year	1,888		1,936
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Future Amortization of Prior Service Cost (Credit)	(7)
Defined Benefit Plan, Change in Benefit Obligations [Roll Forward]
Service cost	1		1	2
Interest cost	10		13	14
Defined Benefit Plan, Plan Amendments	0		0
Actuarial changes in assumptions and experience	19		(13)
Benefits paid	(24)		(33)
Other	0		0
Benefit Obligations, Ending Balance	276		270	302
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair Value of Plan Assets, Beginning	0		0
Actual return on plan assets	0		0
Employer contributions	0		0
Asset transfer	0		0
Benefits Paid	0		0
Fair Value of Plan Assets, Ending	0		0	$ 0
Funded status at end of year	(276)		(270)
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract]
Current liabilities	(26)		(27)
Noncurrent liabilities	(250)		(243)
Net amounts recognized in the consolidated balance sheets	(276)		(270)
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax [Abstract]
Net loss (gain)	(80)		(109)
Prior service credit	0		(1)
Pretax balance in AOCI at end of year	$ (80)		$ (110)
[1]	(1)The 2015 impact includes the transfer of benefit obligations of $71 million through the purchase of annuity contracts from an insurance company.

PENSION PLANS AND OTHER POSTR75

PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS (Estimated Future Benefit Payments) (Details) $ in Millions	Dec. 31, 2015USD ($)
Defined Benefit Pension Plans [Member]
Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]
2,016	$ 274
2,017	274
2,018	273
2,019	273
2,020	271
2021 through 2025	1,326
Total	2,691
Other Postretirement Benefits [Member]
Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]
2,016	26
2,017	25
2,018	24
2,019	23
2,020	23
2021 through 2025	93
Total	$ 214

PENSION PLANS AND OTHER POSTR76

PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS (Plan Assets) (Details)	12 Months Ended
	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Target Plan Asset Allocations	100.00%
Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Target Plan Asset Allocations	23.00%
Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Target Plan Asset Allocations	45.00%
Alternative Investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Target Plan Asset Allocations	27.00%
Other Pension Plan Asset Category [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Target Plan Asset Allocations	5.00%

PENSION PLANS AND OTHER POSTR77

PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS (Basis of Fair Value Measurements of Pension Plan Assets) (Details) - Defined Benefit Pension Plans [Member] - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 3,173	$ 3,543	$ 3,586
Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	354	569
Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,072	2,228
Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	747	746	661
Other Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	42	19
Other Securities [Member] | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Other Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	20	(3)
Other Securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	22	22
Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	174	134
Cash and Cash Equivalents [Member] | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1	3
Cash and Cash Equivalents [Member] | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	173	131
Cash and Cash Equivalents [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	622	869
Equity Securities [Member] | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	353	566
Equity Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	264	299
Equity Securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	5	4	2
U.S. Equity [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	272	439
U.S. Equity [Member] | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	237	360
U.S. Equity [Member] | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	35	78
U.S. Equity [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	1
Non-U.S. Equity - Developed Countries [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	207	326
Non-U.S. Equity - Developed Countries [Member] | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	71	166
Non-U.S. Equity - Developed Countries [Member] | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	136	160
Non-U.S. Equity - Developed Countries [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Emerging Markets Equity [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	140	105
Emerging Markets Equity [Member] | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	45	40
Emerging Markets Equity [Member] | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	90	62
Emerging Markets Equity [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	5	3
Equity Derivatives [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3	(1)
Equity Derivatives [Member] | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Equity Derivatives [Member] | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3	(1)
Equity Derivatives [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,552	1,708
Fixed Income Securities [Member] | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fixed Income Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,501	1,675
Fixed Income Securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	51	33	14
U.S. government and municipalities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	574	673
U.S. government and municipalities [Member] | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
U.S. government and municipalities [Member] | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	574	673
U.S. government and municipalities [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
U.S. agency and agency mortgage backed securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	56	66
U.S. agency and agency mortgage backed securities [Member] | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
U.S. agency and agency mortgage backed securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	56	66
U.S. agency and agency mortgage backed securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Corporate Bonds - Investment Grade [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	677	743
Corporate Bonds - Investment Grade [Member] | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Corporate Bonds - Investment Grade [Member] | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	677	743
Corporate Bonds - Investment Grade [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Non-U.S. Governments - Developed Countries [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	5	6
Non-U.S. Governments - Developed Countries [Member] | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Non-U.S. Governments - Developed Countries [Member] | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	5	6
Non-U.S. Governments - Developed Countries [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Non-U.S. Corporate Bonds - Developed Countries [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	146	160
Non-U.S. Corporate Bonds - Developed Countries [Member] | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Non-U.S. Corporate Bonds - Developed Countries [Member] | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	146	160
Non-U.S. Corporate Bonds - Developed Countries [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Emerging Market Debt [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	12	14
Emerging Market Debt [Member] | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Emerging Market Debt [Member] | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	12	14
Emerging Market Debt [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Other Asset-backed Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	13	12
Other Asset-backed Securities [Member] | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Other Asset-backed Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	13	11
Other Asset-backed Securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	1
Other Fixed Income Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	51	32
Other Fixed Income Funds [Member] | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Other Fixed Income Funds [Member] | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Other Fixed Income Funds [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	51	32
High Yield Bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3	2
High Yield Bonds [Member] | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
High Yield Bonds [Member] | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3	2
High Yield Bonds [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Alternative Investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	783	813
Alternative Investments [Member] | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Alternative Investments [Member] | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	114	126
Alternative Investments [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	669	687	$ 623
Real Estate [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	284	288
Real Estate [Member] | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Real Estate [Member] | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Real Estate [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	284	288
Private Equity [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	220	233
Private Equity [Member] | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Private Equity [Member] | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Private Equity [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	220	233
Absolute Return [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	279	292
Absolute Return [Member] | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Absolute Return [Member] | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	114	126
Absolute Return [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 165	$ 166

PENSION PLANS AND OTHER POST RE

PENSION PLANS AND OTHER POST RETIREMENT BENEFITS (Fair Value of Level 3 Pension Plan Assets) (Details) - Defined Benefit Pension Plans [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Pension Plan, Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value of Plan Assets, Beginning	$ 3,543	$ 3,586
Fair Value of Plan Assets, Ending	3,173	3,543
Fair Value, Inputs, Level 3 [Member]
Pension Plan, Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value of Plan Assets, Beginning	746	661
Relating to assets held during the period	(37)	(24)
Relating to assets sold during the period	61	35
Purchases, sales, and settlements	(21)	77
Transfers into Level 3, net	(1)	(1)
Defined Benefit Plan, Foreign Currency Exchange Rate Gain (Loss)	(1)	(2)
Fair Value of Plan Assets, Ending	747	746
Equity Securities [Member]
Pension Plan, Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value of Plan Assets, Beginning	869
Fair Value of Plan Assets, Ending	622	869
Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Pension Plan, Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value of Plan Assets, Beginning	4	2
Relating to assets held during the period	2	(2)
Relating to assets sold during the period	0	0
Purchases, sales, and settlements	0	4
Transfers into Level 3, net	(1)	0
Defined Benefit Plan, Foreign Currency Exchange Rate Changes, Plan Assets	0	0
Fair Value of Plan Assets, Ending	5	4
Fixed Income Securities [Member]
Pension Plan, Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value of Plan Assets, Beginning	1,708
Fair Value of Plan Assets, Ending	1,552	1,708
Fixed Income Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Pension Plan, Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value of Plan Assets, Beginning	33	14
Relating to assets held during the period	(4)	0
Relating to assets sold during the period	1	0
Purchases, sales, and settlements	21	20
Transfers into Level 3, net	0	(1)
Defined Benefit Plan, Foreign Currency Exchange Rate Changes, Plan Assets	0	0
Fair Value of Plan Assets, Ending	51	33
Alternative Investments [Member]
Pension Plan, Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value of Plan Assets, Beginning	813
Fair Value of Plan Assets, Ending	783	813
Alternative Investments [Member] | Fair Value, Inputs, Level 3 [Member]
Pension Plan, Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value of Plan Assets, Beginning	687	623
Relating to assets held during the period	(35)	(22)
Relating to assets sold during the period	60	35
Purchases, sales, and settlements	(42)	53
Transfers into Level 3, net	0	0
Defined Benefit Plan, Foreign Currency Exchange Rate Changes, Plan Assets	(1)	(2)
Fair Value of Plan Assets, Ending	669	687
Other Investment Plan Assets [Member] | Fair Value, Inputs, Level 3 [Member]
Pension Plan, Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value of Plan Assets, Beginning	22	22
Relating to assets held during the period	0	0
Relating to assets sold during the period	0	0
Purchases, sales, and settlements	0	0
Transfers into Level 3, net	0	0
Defined Benefit Plan, Foreign Currency Exchange Rate Changes, Plan Assets	0	0
Fair Value of Plan Assets, Ending	$ 22	$ 22

LEASED PROPERTY (Leased Propert

LEASED PROPERTY (Leased Property) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Leases [Abstract]
Operating Leases, Rent Expense, Net	$ 29	$ 27	$ 31
Operating Leases, Future Minimum Payments Due [Abstract]
Future minimum operating lease commitments due during 2016	6
Future minimum operating lease commitments due during 2017	5
Future minimum operating lease commitments due during 2018	5
Future minimum operating lease commitments due during 2019	4
Future minimum operating lease commitments due during 2020	3
Future minimum operating lease commitments due during 2021 and thereafter	10
Total future minimum operating lease commitments	$ 33

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013		Sep. 30, 2013
Related Party Transaction [Line Items]
Impairment of investment in related company		$ 0	$ 0	$ 25	[1]
Dividend, Noncash, Ownership interest in Subsidiary						$ 70
Payments of Dividends		$ 1,170	1,280	591
The Dow Chemical Company [Member]
Related Party Transaction [Line Items]
Service Fee with Parent		10.00%
Notes Receivable, Related Parties		$ 1,300	1,200
Line of Credit Facility, Maximum Borrowing Capacity		1,000
Notes Receivable, Related Parties, Noncurrent		940	875
Proceeds from Dividends Received		0	12	16
Proceeds from Sale of Productive Assets		145
Gain (Loss) on Sale of Assets and Asset Impairment Charges		66
General and Administrative Expense [Member] | The Dow Chemical Company [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party		30	26	25
Estimated Federal Tax Liability, Related Party [Member] | The Dow Chemical Company [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Tax Payment		310	579	163
Retained Earnings [Member]
Related Party Transaction [Line Items]
Dividends declared		1,170	1,289	661
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Dow Quimica Argentina S.A. [Member]
Related Party Transaction [Line Items]
Impairment of investment in related company	$ 25
Union Carbide Subsidiary C, Inc. [Member]
Related Party Transaction [Line Items]
Ownership Interest, Subsidiary						100.00%
Purchases from Dow [Member] | Cost of Sales [Member] | The Dow Chemical Company [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party		1,700	2,900	2,900
Activity Based Costs [Member] | Cost of Sales [Member] | The Dow Chemical Company [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party		$ 63	$ 53	$ 46
[1]	See Note 17 for additional information.

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended				12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Tax Note [Line Items]
Operating loss carryforwards	$ 1,035				$ 889	$ 1,035
Tax credit carryforwards, net of uncertain tax positions	5				5	5
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Undistributed Earnings of Foreign Subsidiaries	50	$ 48			41	50	$ 48
Valuation allowance, deferred tax assets	53				$ 28	$ 53
Effective tax rate					35.00%	34.10%	29.90%
Unrecognized Tax Benefits	1	4			$ 68	$ 1	$ 4	$ 166
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	1				1	1
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense					37	(6)	$ (15)
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	0				38	$ 0
Expiration 2016 through 2020 [Domain]
Income Tax Note [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration					497
Tax credit carryforwards, net of uncertain tax positions					$ 1
Provision (credit) for income taxes [Domain]
Income Tax Note [Line Items]
Tax charge related to adjusted uncertain tax position				$ 41
Tax Adjustments, Settlements, and Unusual Provisions			$ (22)
Polypropylene Licensing and Catalyst Business [Member]
Income Tax Note [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	$ 4	$ 368

INCOME TAXES (Schedule of Domes

INCOME TAXES (Schedule of Domestic and Foreign Components of Income Before Income Taxes and Tax Reconciliation) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosures [Abstract]
Income (Loss) Before Income Taxes, Domestic	$ 1,254	$ 896	$ 1,077	[1]
Income (Loss) Before Income Taxes, Foreign	(11)	(5)	(10)
Income (Loss) Before Income Taxes	(1,243)	(891)	(1,067)
Taxes at U.S. statutory rate	435	312	374
Effective Income Tax Rate Reconciliation, Deduction, Qualified Production Activity, Amount	8	26	7
Benefit of dividend income from investments in related companies	0	0	(6)
Income Tax Rate Reconciliation, Audit settlement and court case	0	0	20
Unrecognized tax benefits	24	0	(30)
Federal tax accrual adjustments	(7)	(14)	(5)
State and local tax impact	(11)	42	(38)
Other - net	2	(10)	11
Total tax provision (credit)	$ 435	$ 304	$ 319
Effective tax rate	35.00%	34.10%	29.90%
[1]	In 2013, the domestic component of "Income Before Income Taxes" included a gain of $368 million for the sale of Dow's Polypropylene Licensing and Catalysts business.

INCOME TAXES (Schedule of Provi

INCOME TAXES (Schedule of Provision (Credit) for Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014		Dec. 31, 2013
Income Tax Expense (Benefit), Continuing Operations [Abstract]
Federal, current	$ 373	$ (41)	[1]	$ 337
State and local, current	2	(5)		5
Foreign, current	104	1		6
Total, current	479	(45)		348
Federal, deferred	(31)	311	[1]	18
State and local, deferred	(13)	38		(47)
Foreign, deferred	0	0		0
Total, deferred	(44)	349		(29)
Federal	342	270	[1]	355
State and local	(11)	33		(42)
Foreign	104	1		6
Total tax provision (credit)	$ 435	$ 304		$ 319
[1]	Reflects the 2014 impact of accelerated deductions.

INCOME TAXES (Schedule of Defer

INCOME TAXES (Schedule of Deferred Tax Balances) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Income Tax Expense (Benefit), Continuing Operations [Abstract]
Property, Deferred Tax Assets	$ 0	$ 0
Loss and Credit Carryforwards, Deferred Tax Assets	70	82
Postretirement benefit obligations, deferred tax assets	802	818
Other accruals and reserves, deferred tax assets	297	263
Inventory, deferred tax assets	23	53
Other - net, deferred tax assets	7	2
Subtotal, deferred tax assets	1,199	1,218
Valuation allowances, deferred tax assets	(28)	(53)
Total, deferred tax assets	1,171	1,165
Property, deferred tax liabilities	193	197
Deferred Tax Liabilities, Loss and credit carryforward	0	0
Postretirement Benefits, Deferred Tax Liabilities	395	420
Other accruals and Reserves, Deferred Tax Liabilities	0	3
Inventory, deferred tax liabilities	0	0
Other - net, deferred tax liabilities	1	1
Total, deferred tax liabilities	$ 589	$ 621

INCOME TAXES (Uncertain Tax Pos

INCOME TAXES (Uncertain Tax Position) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of Total Gross Unrecognized Tax Benefits [Roll Forward]
Gross unrecognized tax benefits, beginning balance	$ 1	$ 4	$ 166
Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions	67	0	1
Decreases related to positions taken on items from prior years	0	0	(7)
Settlement of uncertain tax positions with tax authorities	0	0	(154)
Decreases due to expiration of statutes of limitations	0	(3)	(2)
Gross unrecognized tax benefits, ending balance	68	1	4
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	37	$ (6)	$ (15)
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Estimated Range of Change, Upper Bound	$ 68
Federal Income Tax [Member]
Reconciliation of Total Gross Unrecognized Tax Benefits [Roll Forward]
Earliest open year	2,004	2,004
State and Local Income Tax [Member]
Reconciliation of Total Gross Unrecognized Tax Benefits [Roll Forward]
Earliest open year	2,004	2,004

ACCUMULATED OTHER COMPREHENSI86

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity Attributable to Parent		$ 2,301	$ 2,809
Translation adjustments		2	15		$ (22)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, Tax		(21)	(165)		122
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost (Credit), Tax		(2)	13		0
Other Comprehensive Income (Loss), Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service (Cost) Credit, Tax		0	2		2
Other comprehensive income amortization of net loss included in net periodic pension costs, tax		(29)	(25)		(33)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity Attributable to Parent		(61)	(63)		(78)		$ (56)
Translation adjustments		2	(1)		(1)
Accumulated Defined Benefit Plans and Other Post Retirement Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity Attributable to Parent		(1,167)	(1,180)		(967)		(1,289)
Net gain (loss) during period (net of tax of $0, $(165), $122)	[1],[2]	(32)	(273)		263
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax		(2)	25		0
Amortization of prior service cost included in net periodic pension costs (net of tax of $0, $2, $2)	[1],[2]	1	(4)		(4)
Amortization of net loss included in net periodic pension costs (net of tax of $0, $25, $33)	[1],[2]	48	31		55
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity Attributable to Parent		(1,228)	(1,243)		(1,045)		$ (1,345)
Impact to Sundry income (expense) [Domain]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification to earnings - Sundry income (expense) - net		$ 0	$ 16	[3]	$ (21)	[3]
[1]	See Note 15 for additional information.
[2]	Tax amounts are included in "Provision for income taxes" in the consolidated statements of income.
[3]	In 2014, reclassification resulted from the divestiture or liquidation of subsidiaries. In 2013, reclassification resulted from the divestiture of a nonconsolidated affiliate.

BUSINESS AND GEOGRAPHIC AREAS87

BUSINESS AND GEOGRAPHIC AREAS (Schedule of Revenue by Geographic Area and Other Details) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales to external customers		$ 87	$ 82	$ 161
Long-lived assets		1,301	1,152	1,239
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales to external customers		70	62	100
Long-lived assets		1,259	1,113	1,197
ASIA PACIFIC
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales to external customers	[1]	3	1	43
Long-lived assets		$ 10	$ 6	$ 6
CHINA
Revenues from External Customers and Long-Lived Assets [Line Items]
Percentage of total sales related to a specific country in a geographic area		0.00%	1.00%	21.00%
REST OF WORLD
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales to external customers		$ 14	$ 19	$ 18
Long-lived assets		$ 32	$ 33	$ 36
[1]	Of the total sales to external customers, China was 0 percent in 2015, less than 1 percent in 2014 and approximately 21 percent in 2013.