Union Carbide 10-K 9 Feb 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)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, 2016
Document Fiscal Year Focus	2,016
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, 2016	Dec. 31, 2015	Dec. 31, 2014
Net trade sales	$ 108	$ 87	$ 82
Net sales to related companies	4,811	5,755	6,835
Total Net Sales	4,919	5,842	6,917
Cost of sales	3,713	4,506	5,922
Research and development expenses	18	20	20
Selling, general and administrative expenses	7	8	9
Asbestos-related charge	(1,113)	0	(78)
Restructuring charges (credits)	(4)	(19)	3
Equity in earnings of nonconsolidated affiliates	2	4	7
Sundry income (expense) - net	2	(30)	14
Interest income	14	8	11
Interest expense and amortization of debt discount	25	28	32
Income Before Income Taxes	57	1,243	891
Provision for income taxes	(32)	435	304
Net Income Attributable to Union Carbide Corporation	$ 89	$ 808	$ 587

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net Income Attributable to Union Carbide Corporation	$ 89	$ 808	$ 587
Other Comprehensive Income (Loss), Net of Tax
Cumulative translation adjustments	(1)	2	15
Pension and other postretirement benefit plan adjustments	(91)	13	(213)
Total other comprehensive income (loss)	(92)	15	(198)
Comprehensive Income Attributable to Union Carbide Corporation	$ (3)	$ 823	$ 389

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Current Assets
Cash and cash equivalents	$ 11	$ 23
Accounts receivable:
Trade (net of allowance for doubtful receivables 2016: $-; 2015: $-)	15	13
Related companies	843	1,090
Other	36	36
Income taxes receivable	275	32
Notes receivable from related companies	1,411	1,296
Inventories	307	303
Other current assets	39	39
Total current assets	2,937	2,832
Investments
Investments in related companies	639	639
Investment in nonconsolidated affiliate	14	13
Other investments	30	33
Noncurrent receivables	52	44
Noncurrent receivables from related companies	57	62
Total investments	792	791
Property
Property	7,144	7,036
Less accumulated depreciation	5,750	5,735
Net property	1,394	1,301
Other Assets
Intangible assets (net of accumulated amortization 2016: $78; 2015: $74)	25	22
Deferred income tax assets	928	577
Asbestos-related insurance receivables - noncurrent	36	51
Deferred charges and other assets	34	32
Total other assets	1,023	682
Total Assets	6,146	5,606
Current Liabilities
Notes payable - related companies	25	25
Long-term debt due within one year	1	1
Accounts payable:
Trade	249	220
Related companies	521	476
Other	7	18
Income taxes payable	23	92
Asbestos-related liabilities - current	126	65
Accrued and other current liabilities	181	177
Total current liabilities	1,133	1,074
Long-Term Debt	475	476
Other Noncurrent Liabilities
Pension and other postretirement benefits - noncurrent	1,170	1,076
Asbestos-related liabilities - noncurrent	1,364	387
Other noncurrent obligations	206	292
Total other noncurrent liabilities	2,740	1,755
Stockholder's Equity
Common stock (authorized: 1,000 shares of $0.01 par value each; issued: 935.51 shares)	0	0
Additional paid-in capital	138	138
Retained earnings	2,980	3,391
Accumulated other comprehensive loss	(1,320)	(1,228)
Union Carbide Corporation's stockholder's equity	1,798	2,301
Total Liabilities and Equity	$ 6,146	$ 5,606

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Current Assets
Allowance for Doubtful Accounts Receivable	$ 0	$ 0
Other Assets
Other Intangible Assets (accumulated amortization)	$ 78	$ 74
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	935.51

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating Activities
Net Income Attributable to Union Carbide Corporation	$ 89	$ 808	$ 587
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	190	184	202
Provision (credit) for deferred income tax	(297)	(44)	349
Earnings of nonconsolidated affiliates less than (in excess of) dividends received	(1)	(1)	(7)
Net gains on sales of assets	(51)	(7)	(70)
Nonmonetary Transaction, Gain (Loss) Recognized on Transfer	0	(23)	0
Asbestos-related charge	(1,113)	0	(78)
Restructuring charges (credits)	4	19	(3)
Pension contributions	(52)	(2)	(2)
Other, net	(1)	1	0
Changes in assets and liabilities, net of effects of divested companies:
Accounts and notes receivable	(7)	39	(19)
Related company receivables	132	191	217
Inventories	(4)	62	27
Accounts payable	18	(22)	28
Related company payables	45	(413)	484
Other assets and liabilities	(491)	561	(622)
Cash provided by operating activities	687	1,353	1,249
Investing Activities
Capital expenditures	(267)	(270)	(166)
Change in noncurrent receivable from related company	5	69	35
Proceeds from sales of assets	60	40	153
Cash acquired in ownership transfer of property	0	5	0
Purchases of investments	1	27	0
Proceeds from sales of investments	5	1	0
Cash provided by (used in) investing activities	(198)	(182)	22
Financing Activities
Dividends paid to stockholder	(500)	(1,170)	(1,280)
Payments on long-term debt	(1)	(1)	(1)
Cash used in financing activities	(501)	(1,171)	(1,281)
Summary
Increase (decrease) in cash and cash equivalents	(12)	0	(10)
Cash and cash equivalents at beginning of year	23	23	33
Cash and cash equivalents at end of period	$ 11	$ 23	$ 23

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]
Union Carbide Corporation's Stockholder's Equity, Beginning at Dec. 31, 2013			$ 0	$ 312	$ 4,442	$ (1,045)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
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	0	312	3,740	(1,243)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
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)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock Repurchased and Retired During Period, Value				0
Net Income Attributable to Union Carbide Corporation	89				89
Stockholders' Equity, Other					0
Dividends declared					(500)
Other comprehensive income (loss)	(92)					(92)
Union Carbide Corporation's Stockholder's Equity, Ending at Dec. 31, 2016	$ 1,798	$ 1,798	$ 0	$ 138	$ 2,980	$ (1,320)

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
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. Adoption of Accounting Standards Update ("ASU") 2015-17, "Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes" In the first quarter of 2016, the Corporation early adopted ASU 2015-17, which requires that all deferred tax assets and liabilities be classified as noncurrent in a classified statement of financial position. The Corporation elected to apply the new guidance on a retrospective basis, and as a result, changes have been made to the presentation of deferred income tax assets in the consolidated balance sheets at December 31, 2015, with the reclassification of $64 million of current deferred income tax assets from "Other current assets" to "Deferred income tax assets." Change in Method of Accounting for Asbestos-Related Matters - Legal Costs In September 2014, the Corporation began to implement a strategy designed to reduce and to ultimately stabilize and forecast defense and processing costs associated with asbestos-related matters. The strategy included a number of important changes including: invoicing protocols including capturing costs by plaintiff, review of existing counsel roles, work processes and workflow, and utilization of enterprise legal management software, which enabled claim-specific tracking of asbestos-related defense costs. The Corporation reviewed the information generated from this new strategy and determined that it now has the ability to reasonably estimate asbestos-related defense and processing costs for the same periods that it estimates asbestos-related resolution costs for pending and future claims. The Corporation believes that including estimates of the liability for asbestos-related defense and processing costs provides a more complete assessment and measure of the liability associated with resolving asbestos-related matters, which the Corporation believes is preferable in these circumstances. In the fourth quarter of 2016, the Corporation elected to change its method of accounting for asbestos-related defense and processing costs from expensing as incurred to estimating and accruing a liability. The Corporation believes this change is preferable as asbestos-related defense and processing costs represent expenditures related to legacy activities that do not contribute to current or future revenue generating activities. The change is also reflective of the manner in which the Corporation manages the asbestos-related exposure, including the careful monitoring of the correlation between defense spending and resolution costs. Together, these two sources of costs more accurately represent the "total cost" of resolving asbestos-related claims now and in the future. In the fourth quarter of 2016, the Corporation added a new accounting policy for asbestos-related matters and updated its existing accounting policy for legal costs, as follows: Asbestos-Related Matters Accruals for asbestos-related matters, including defense and processing costs, are recorded based on an analysis of claim and resolution activity, defense spending and pending and future claims. These accruals are assessed at each balance sheet date to determine if the asbestos-related liability remains appropriate. Accruals for asbestos-related matters are included in the consolidated balance sheets in "Asbestos-related liabilities - current" and "Asbestos-related liabilities - noncurrent." Legal Costs The Corporation expenses legal costs as incurred, with the exception of defense and processing costs associated with asbestos-related matters. The accounting policy change has been reflected as a change in accounting estimate effected by a change in accounting principle. As a result of this accounting policy change, the Corporation recorded a pretax charge for asbestos-related defense and processing costs of $1,009 million in the fourth quarter of 2016, included in "Asbestos-related charge" in the consolidated statements of income (after-tax loss of $636 million ). The Corporation's total asbestos-related liability, including defense and processing costs, was $1,490 million at December 31, 2016, and was included in "Asbestos-related liabilities - current" and "Asbestos-related liabilities - noncurrent" in the consolidated balance sheets. See Note 13 for additional information. 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 2015 and 99 percent in 2014 ); the remaining 1 percent is related to the licensing of patents and technology ( 1 percent in 2015 and 1 percent in 2014 ). 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. 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, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Guidance [Text Block]	RECENT ACCOUNTING GUIDANCE Recently Adopted Accounting Guidance In 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 was effective for annual and interim periods beginning after December 15, 2015, and early adoption was permitted for financial statements that had not been previously issued. The new guidance required retrospective application for each period presented in the balance sheet. This change was 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. In the first quarter of 2016, the Corporation early adopted 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 15, 2016, and interim periods within those annual periods, and may be applied either prospectively or retrospectively, and early adoption was permitted. The change was reflected in "Other current assets" and "Deferred income tax assets" in the consolidated balance sheets on a retrospective basis and did not have a material impact on the consolidated financial statements. See Note 1 for additional information. Accounting Guidance Issued But Not Adopted as of December 31, 2016 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. In May 2014, the FASB and International Accounting Standards Board formed The Joint Transition Resource Group for Revenue Recognition ("TRG"), consisting of financial statement preparers, auditors and users, to seek feedback on potential issues related to the implementation of the new revenue standard. As a result of feedback from the TRG, the FASB has issued additional guidance to provide clarification, implementation guidance and practical expedients to address some of the challenges of implementation. In March 2016, the FASB issued ASU 2016-08, "Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)," which is an amendment on assessing whether an entity is a principal or an agent in a revenue transaction. This amendment addresses issues to clarify the principal versus agent assessment and lead to more consistent application. In April 2016, the FASB issued ASU 2016-10, "Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing," which contains amendments to the new revenue recognition standard on identifying performance obligations and accounting for licenses of intellectual property. The amendments related to identifying performance obligations clarify when a promised good or service is separately identifiable and allows entities to disregard items that are immaterial in the context of a contract. The licensing implementation amendments clarify how an entity should evaluate the nature of its promise in granting a license of intellectual property, which will determine whether revenue is recognized over time or at a point in time. In May 2016, the FASB issued ASU 2016-12, "Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients," which provides clarity and implementation guidance on assessing collectibility, presentation of sales taxes, noncash consideration, and completed contracts and contract modifications at transition. The new standards have the same effective date and transition requirements as ASU 2014-09. The Corporation has a team in place to analyze the impact of ASU 2014-09 and the related ASU's across all revenue streams to evaluate the impact of the new standard on revenue contracts. This includes reviewing current accounting policies and practices to identify potential differences that would result from applying the requirements under the new standard. In 2016, the Corporation made significant progress on contract reviews and expects to complete the contract evaluations and validate results by the end of the first quarter of 2017. The Corporation has also started drafting its accounting policies and evaluating the new disclosure requirements and expects to complete its evaluations of the impact of the accounting and disclosure requirements on its business processes, controls and systems by the end of the second quarter of 2017. Full implementation will be completed by the end of 2017. Based on analysis completed to date, the Corporation expects the potential impact on accounting for product sales and licensing arrangements to remain substantially unchanged. The Corporation expects to adopt the new standard using the modified retrospective approach, under which the cumulative effect of initially applying the new guidance is recognized as an adjustment to the opening balance of retained earnings in the first quarter of 2018. 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 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 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 adoption of this guidance in the first quarter of 2017 will not have a material impact on the consolidated financial statements. 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. In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)," which requires organizations that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. The new guidance requires that a lessee recognize assets and liabilities for leases with lease terms of more than twelve months and recognition, presentation and measurement in the financial statements will depend on its classification as a finance or operating lease. In addition, the new guidance will require disclosures to help investors and other financial statement users better understand the amount, timing and uncertainty of cash flows arising from leases. Lessor accounting remains largely unchanged from current U.S. GAAP but does contain some targeted improvements to align with the new revenue recognition guidance issued in 2014. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, using a modified retrospective approach, and early adoption is permitted. The Corporation is currently evaluating the impact of adopting this guidance. In August 2016, the FASB issued ASU 2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments," which addresses diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows with respect to eight specific cash flow issues. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. The amendments should be applied using a retrospective transition method to each period presented, if practicable. Early adoption is permitted, including adoption in an interim period, and any adjustments should be reflected as of the beginning of the fiscal year that includes the interim period. All amendments must be adopted in the same period. The Corporation is currently evaluating the impact of adopting this guidance. In October 2016, the FASB issued ASU 2016-16, "Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory," which requires an entity to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The amendments are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, and should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings at the beginning period of adoption. Early adoption is permitted in the first interim period of an annual reporting period for which financial statements have not been issued. The Corporation is currently evaluating the impact of adopting this guidance.

RESTRUCTURING

RESTRUCTURING	12 Months Ended
	Dec. 31, 2016
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure [Text Block]	RESTRUCTURING 2016 Restructuring On June 27, 2016, the Corporation approved actions to further improve cost effectiveness with additional workforce reductions. As a result of these actions, the Corporation recorded a pretax restructuring charge in the second quarter of 2016 consisting of severance charges of $1 million for the separation of approximately 5 positions. The impact of these charges was shown as "Restructuring charges (credits)" in the consolidated statements of income. In the fourth quarter of 2016, the Corporation recorded an additional charge of $2 million related to the separation of an additional 16 positions. The employee separations are expected to be completed during the next two years. At December 31, 2016, a liability of $3 million for the separation of approximately 15 employees remains. 2015 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 affected 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. 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 and disposal activities of $2 million , severance costs of $2 million and asset write-downs and write-offs of $14 million . In the fourth quarter of 2015, the Corporation recorded an additional charge of $1 million related to the separation of an additional 8 positions. At December 31, 2015, severance of $1 million had been paid, leaving a liability of $2 million for approximately 15 employees. During the second quarter of 2016, the Corporation recorded an unfavorable adjustment to the 2015 restructuring charge related to additional accruals for exit and disposal activities of $1 million , included in "Restructuring charges (credits)" in the consolidated statements of income. In 2016, severance of $2 million was paid, substantially completing the 2015 restructuring activities, with any remaining liabilities for contract cancellation fees to be settled over time. 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, 2016
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 continues 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 was 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 was included in "Sundry income (expense) - net" in the consolidated statements of income.

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2016
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	INVENTORIES The following table provides a breakdown of inventories: Inventories at December 31 In millions 2016 2015 Finished goods $ 186 $ 191 Work in process 38 33 Raw materials 50 42 Supplies 87 86 Total FIFO inventories $ 361 $ 352 Adjustment of inventories to a LIFO basis (54 ) (49 ) Total inventories $ 307 $ 303 Inventories that were valued on a LIFO basis, principally U.S. chemicals and plastics product inventories, represented 68 percent of the total inventories at December 31, 2016 , and 67 percent of the total inventories at December 31, 2015 . A reduction of certain inventories resulted in the liquidation of some of the Corporation's LIFO inventory layers, which had an immaterial impact on pretax income in 2016 and 2014 , and decreased pretax income $14 million in 2015 .

PROPERTY

PROPERTY	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	PROPERTY Property at December 31 Estimated Useful In millions Lives (Years) 2016 2015 Land — $ 69 $ 69 Land and waterway improvements 15-25 205 209 Buildings 5-50 396 420 Machinery and equipment 3-20 5,872 5,809 Utility and supply lines 5-20 171 164 Other property 3-30 101 98 Construction in progress — 330 267 Total property $ 7,144 $ 7,036 In millions 2016 2015 2014 Depreciation expense $ 166 $ 160 $ 176 Manufacturing maintenance and repair costs $ 304 $ 353 $ 295 Capitalized interest $ 13 $ 10 $ 5

NONCONSOLIDATED AFFILIATES

NONCONSOLIDATED AFFILIATES	12 Months Ended
	Dec. 31, 2016
Nonconsolidated Affiliates [Abstract]
Equity Method Investments Disclosure [Text Block]	NONCONSOLIDATED AFFILIATE The Corporation's investment in a company accounted for by the equity method (“nonconsolidated affiliate”) was $14 million at December 31, 2016 and $13 million at December 31, 2015 . Dividends received from the nonconsolidated affiliate were $1 million in 2016 , $2 million in 2015 and zero in 2014 . Undistributed earnings of the nonconsolidated affiliate included in retained earnings were $9 million at December 31, 2016 and $8 million at December 31, 2015 . The nonconsolidated affiliate is a privately held company; therefore, a quoted market price is not available.

INVESTMENTS IN RELATED COMPANIE

INVESTMENTS IN RELATED COMPANIES	12 Months Ended
	Dec. 31, 2016
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, 2016 and 2015 were as follows: Investments in Related Companies at December 31 Ownership Interest Investment Balance In millions 2016 2015 2016 2015 Dow International Holdings Company 15 % 15 % $ 633 $ 633 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 $ 639 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 was reflected in "Investments in related companies" and "Additional paid-in capital" in the consolidated balance sheets.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2016
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 2016 2015 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 70 (45 ) 25 63 (41 ) 22 Total intangible assets $ 103 $ (78 ) $ 25 $ 96 $ (74 ) $ 22 The following table provides information regarding amortization expense: Amortization Expense In millions 2016 2015 2014 Software (1) $ 4 $ 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 2017 $ 4 2018 $ 5 2019 $ 5 2020 $ 5 2021 $ 3

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2016
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 2016 were $2 million ( $1 million in 2015 and zero in 2014 ). 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, 2016 and December 31, 2015 , 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, 2016 . Fair Value of Financial Instruments At December 31, 2016 At December 31, 2015 In millions Cost Gain Loss Fair Value Cost Gain Loss Fair Value Cash equivalents $ 7 $ — $ — $ 7 $ 5 $ — $ — $ 5 Debt securities (1) $ 2 $ — $ — $ 2 $ 4 $ — $ — $ 4 Long-term debt including debt due within one year $ (476 ) $ — $ (95 ) $ (571 ) $ (477 ) $ — $ (96 ) $ (573 ) (1) Marketable securities are included in “Other investments” in the consolidated balance sheets. For all other financial instruments, cost approximates fair value.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2016
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 2016 2015 Assets at fair value: Cash equivalents $ 7 $ 5 Debt securities (1) $ 2 $ 4 Liabilities at fair value: Long-term debt (2) $ 571 $ 573 (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, 2016 and 2015 .

SUPPLEMENTARY INFORMATION

SUPPLEMENTARY INFORMATION	12 Months Ended
	Dec. 31, 2016
Supplementary Information [Abstract]
Supplementary Information [Text Block]	SUPPLEMENTARY INFORMATION Sundry Income (Expense) - Net In millions 2016 2015 2014 Dow administrative and overhead fees (1) $ (27 ) $ (30 ) $ (26 ) Net commission expense - related company (1) (22 ) (22 ) (21 ) Net gain (loss) on sales of property 50 (3 ) 4 Net gain on ownership transfer of property — 23 — Net gain on sale of patents (2) — 10 — Net gain on sale of railcar fleet (1) — — 66 Dividend income - related companies (1) — — 12 Reclassification of cumulative translation adjustment — — (16 ) Net gain on sale of Dow's Polypropylene Licensing and Catalysts business (2) — — 4 Foreign exchange gain (loss) 1 (2 ) — Other - net — (6 ) (9 ) Total sundry income (expense) - net $ 2 $ (30 ) $ 14 (1) See Note 17 for additional information. (2) See Note 4 for additional information. Accrued and Other Current Liabilities "Accrued and other current liabilities" in the consolidated balance sheets were $181 million at December 31, 2016 and $177 million at December 31, 2015 . The current portion of the Corporation's accrued obligations for environmental matters, which is a component of "Accrued and other current liabilities," was $58 million at December 31, 2016 and $56 million at December 31, 2015 (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 2016 2015 2014 Cash payments for interest $ 38 $ 39 $ 37 Cash payments (refunds) for income taxes $ 697 $ (125 ) $ 555

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	12 Months Ended
	Dec. 31, 2016
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, 2016 , the Corporation had accrued obligations of $145 million for probable environmental remediation and restoration costs, including $20 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 two and a half 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. In the fourth quarter of 2016, the Corporation recorded an adjustment to the environmental accrual, primarily resulting from the culmination of negotiations with regulators and/or final stages of certain remediation projects. These charges were included in "Cost of sales" in the consolidated statements of income and are included in the total obligation of $145 million . 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. The following table summarizes the activity in the Corporation's accrued obligations for environmental matters for the years ended December 31, 2016 and 2015 : Accrued Liability for Environmental Matters In millions 2016 2015 Balance at January 1 $ 115 $ 132 Accrual adjustment 115 61 Payments against reserve (85 ) (76 ) Foreign currency impact — (2 ) Balance at December 31 $ 145 $ 115 The amounts charged to income on a pretax basis related to environmental remediation totaled $122 million in 2016 , $58 million in 2015 and $62 million in 2014 . Capital expenditures for environmental protection were $10 million in 2016 , $14 million in 2015 and $6 million in 2014 . 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 Introduction 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 for Asbestos-Related Pending and Future Claims Based on a study completed by Analysis, Research & Planning Corporation (now known as Ankura Consulting Group, LLC ("Ankura") as a result of the March 2016 merger of Analysis, Research & Planning Corporation and Ankura) in January 2003, the Corporation increased its December 31, 2002, asbestos-related liability for pending and future claims for a 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 Ankura study at each balance sheet date to determine whether the accrual continues to be appropriate. In addition, the Corporation has requested Ankura to review the Corporation's historical asbestos claim and resolution activity each year since 2004 to determine the appropriateness of updating the most recent Ankura study. In October 2014, the Corporation requested Ankura to review its historical asbestos claim and resolution activity and determine the appropriateness of updating its December 2012 study. In response to that request, Ankura reviewed and analyzed data through September 30, 2014. The resulting study, completed by Ankura in December 2014, estimated the undiscounted cost of disposing of pending and future claims against UCC and Amchem, excluding future defense and processing costs, was between $540 million and $640 million through 2029 based on the data as of September 30, 2014. In December 2014, based on Ankura'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 , which was included in "Asbestos-related charge" in the consolidated statements of income. At December 31, 2014, the asbestos-related liability for pending and future claims was $513 million , 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 Ankura to review its historical asbestos claim and resolution activity and determine the appropriateness of updating its December 2014 study. In response to that request, Ankura reviewed and analyzed data through September 30, 2015. In December 2015, Ankura stated that an update of its December 2014 study would not provide a more likely estimate of future events than the estimate reflected in its 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 Ankura's response, the Corporation determined that no change to the accrual was required. At December 31, 2015, the asbestos-related liability for pending and future claims was $437 million , and approximately 21 percent of the recorded liability related to pending claims and approximately 79 percent related to future claims. In October 2016, the Corporation requested Ankura to review its historical asbestos claim and resolution activity and determine the appropriateness of updating its December 2014 study. In response to the request, Ankura reviewed and analyzed asbestos-related claim and resolution data through September 30, 2016. The resulting study, completed by Ankura in December 2016, provided estimates for the undiscounted cost of disposing of pending and future claims against UCC and Amchem, excluding future defense and processing costs, for both a 15-year period and through the terminal year of 2049. Based on the study completed in December 2016 by Ankura, and the Corporation's own review of the asbestos claim and resolution activity, it was determined that an adjustment to the accrual was necessary. The Corporation determined that using the estimate through the terminal year of 2049 was more appropriate due to increasing knowledge and data about the costs to resolve claims and diminished volatility in filing rates. Using the range in the Ankura December 2016 study, which was estimated to be between $502 million and $565 million for the undiscounted cost of disposing of pending and future claims, the Corporation increased its asbestos-related liability for pending and future claims through the terminal year of 2049 by $104 million , included in "Asbestos-related charge" in the consolidated statements of income. At December 31, 2016, the Corporation's asbestos-related liability for pending and future claims was $486 million , and approximately 14 percent of the recorded liability related to pending claims and approximately 86 percent related to future claims. Estimating the Liability for Asbestos-Related Defense and Processing Costs In September 2014, the Corporation began to implement a strategy designed to reduce and to ultimately stabilize and forecast defense costs associated with asbestos-related matters. The strategy included a number of important changes including: invoicing protocols including capturing costs by plaintiff; review of existing counsel roles, work processes and workflow; and utilization of enterprise legal management software, which enabled claim-specific tracking of asbestos-related defense and processing costs. The Corporation reviewed the information generated from this new strategy and determined that it now had the ability to reasonably estimate asbestos-related defense and processing costs for the same periods that it estimates its asbestos-related liability for pending and future claims. The Corporation believes that including estimates of the liability for asbestos-related defense and processing costs provides a more complete assessment and measure of the liability associated with resolving asbestos-related matters, which the Corporation believes is preferable in these circumstances. In October 2016, in addition to the study for asbestos claim and resolution activity, the Corporation requested Ankura to review asbestos-related defense and processing costs and provide an estimate of a reasonable forecast of defense and processing costs associated with resolving pending and future asbestos-related claims facing UCC and Amchem for the same periods of time that the Corporation uses for estimating resolution costs. In December 2016, Ankura conducted the study and provided the Corporation with an estimate of future defense and processing costs for both a 15-year period and through the terminal year of 2049. The resulting study estimated asbestos-related defense and processing costs for pending and future asbestos claims to be between $1,009 million and $1,081 million through the terminal year of 2049. In the fourth quarter of 2016, the Corporation elected to change its method of accounting for asbestos-related defense and processing costs from expensing as incurred to estimating and accruing a liability. This change is believed to be preferable as asbestos-related defense and processing costs represent expenditures related to legacy activities that do not contribute to current or future revenue generating activities of the Corporation. The change is also reflective of the manner in which the Corporation manages its asbestos-related exposure, including careful monitoring of the correlation between defense spending and resolution costs. Together, these two sources of cost more accurately represent the “total cost” of resolving asbestos-related claims now and in the future. This accounting policy change has been reflected as a change in accounting estimate effected by a change in accounting principle. As a result of this accounting policy change and based on the December 2016 Ankura study of asbestos-related defense and processing costs and the Corporation's own review of the data, a pretax charge for asbestos-related defense and processing costs of $1,009 million was recorded in the fourth quarter of 2016, included in “Asbestos-related charge” in the consolidated statements of income. The Corporation's total asbestos-related liability, including defense and processing costs, was $1,490 million at December 31, 2016, and was included in “Asbestos-related liabilities - current” and “Asbestos-related liabilities - noncurrent” in the consolidated balance sheets. Insurance Receivables The Corporation has receivables for insurance recoveries related to its asbestos liability as well as receivables for defense and resolution costs submitted to insurance carriers that have a settlement agreement in place regarding their asbestos-related insurance coverage. The Corporation continues to believe that its recorded receivable for insurance recoveries from all insurance carriers is probable of collection. At December 31, 2016 , the Corporation's receivable for insurance recoveries related to its asbestos liability was $41 million ( $61 million at December 31, 2015). Summary The Corporation's management believes the amounts recorded for the asbestos-related liability (including defense and processing costs) reflect reasonable and probable estimates of the liability based on current, known facts. However, future events, such as the number of new claims to be filed and/or received each year and the average cost of defending and disposing of each such claim, as well as the numerous uncertainties surrounding asbestos litigation in the United States, could cause the actual costs for the Corporation to be higher or lower than those projected or those recorded. Any such event could result in an increase or decrease in the recorded liability. Other Litigation 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 the possibility is remote that the aggregate of all such other claims and lawsuits will have a material adverse impact on the results of operations, cash flows and financial position of the Corporation. Purchase Commitments At December 31, 2016 , the Corporation had various outstanding commitments for take-or-pay agreements, with remaining terms extending from 1 to 14 years. Such commitments were not in excess of current market prices. The fixed and determinable portion of obligations under purchase commitments at December 31, 2016 , is presented in the following table: Fixed and Determinable Portion of Take-or-Pay Obligations at December 31, 2016 In millions 2017 $ 42 2018 32 2019 31 2020 31 2021 30 2022 and beyond 164 Total $ 330

NOTES PAYABLE AND LONG-TERM DEB

NOTES PAYABLE AND LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTES PAYABLE AND LONG-TERM DEBT Notes Payable at December 31 In millions 2016 2015 Notes payable to related companies $ 25 $ 25 Year-end average interest rates 2.07 % 1.40 % Long-Term Debt at December 31 2016 2015 Average Average In millions Rate 2016 Rate 2015 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 — 9 — 10 Unamortized debt discount and issuance costs — (5 ) — (5 ) Long-term debt due within one year — (1 ) — (1 ) Total long-term debt $ 475 $ 476 Annual Installments on Long-Term Debt for Next Five Years In millions 2017 $ 1 2018 $ 1 2019 $ 1 2020 $ 1 2021 $ 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, 2016
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 2016 , UCC contributed $52 million to its pension plans including contributions to fund benefit payments for its non-qualified supplemental plan. UCC expects to contribute approximately $160 million to its pension plans in 2017 . 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 2016 2015 2014 2016 2015 2014 Discount rate 4.00 % 4.26 % 3.90 % 4.26 % 3.90 % 4.75 % Rate of increase in future compensation levels 4.25 % 4.50 % 4.50 % 4.50 % 4.50 % 4.50 % Expected long-term rate of return on plan assets — — — 6.80 % 6.80 % 6.80 % 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 adopted the 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 calculates service cost and interest cost 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 flow components of service cost and interest cost. Prior to 2016, the interest and service 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 accounted for this change as a change in accounting estimate and it was applied prospectively starting 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. In 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. The accumulated benefit obligation for all defined benefit pension plans was $4.0 billion at December 31, 2016 and $4.0 billion at December 31, 2015 . Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets at December 31 In millions 2016 2015 Projected benefit obligation $ 4,025 $ 3,993 Accumulated benefit obligation $ 3,997 $ 3,960 Fair value of plan assets $ 3,097 $ 3,173 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 $17 million in 2016 , $16 million in 2015 and $15 million in 2014 . 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. In 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 2016 , 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 2017 . 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 2016 2015 2014 2016 2015 2014 Discount rate 3.88 % 4.08 % 3.75 % 4.08 % 3.75 % 4.40 % Initial health care cost trend rate 7.00 % 7.25 % 7.05 % 7.25 % 7.05 % 7.46 % 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 2025 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, 2016 , by $4 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, 2016 , by $5 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 2016 2015 2014 2016 2015 2014 Service cost $ 39 $ 44 $ 30 $ 1 $ 1 $ 1 Interest cost 131 164 183 8 10 13 Expected return on plan assets (217 ) (226 ) (232 ) — — — Amortization of prior service cost (credit) (1 ) (1 ) 6 — (1 ) — Amortization of net (gain) loss 75 87 66 (7 ) (10 ) (10 ) Net periodic benefit cost $ 27 $ 68 $ 53 $ 2 $ — $ 4 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 2016 2015 2014 2016 2015 2014 Net (gain) loss $ 208 $ 34 $ 450 $ 4 $ 19 $ (12 ) Prior service cost (credit) arising during period — 4 (38 ) — — — Amortization of prior service (cost) credit 1 1 (6 ) — 1 — Amortization of net gain (loss) (75 ) (87 ) (66 ) 7 10 10 Total recognized in other comprehensive (income) loss $ 134 $ (48 ) $ 340 $ 11 $ 30 $ (2 ) Total recognized in net periodic benefit cost and other comprehensive loss $ 161 $ 20 $ 393 $ 13 $ 30 $ 2 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: 2016 2015 2016 2015 Benefit obligation at beginning of year $ 3,993 $ 4,345 $ 276 $ 270 Service cost 39 44 1 1 Interest cost 131 164 8 10 Plan amendments — 4 — — Actuarial changes in assumptions and experience 155 (178 ) 4 19 Benefits paid (285 ) (293 ) (25 ) (24 ) Other (1) (8 ) (93 ) — — Benefit obligation at end of year $ 4,025 $ 3,993 $ 264 $ 276 Change in plan assets: Fair value of plan assets at beginning of year $ 3,173 $ 3,543 $ — $ — Actual return on plan assets 165 14 — — Employer contributions 52 2 — — Asset transfers (1) (8 ) (93 ) — — Benefits paid (285 ) (293 ) — — Fair value of plan assets at end of year $ 3,097 $ 3,173 $ — $ — Funded status at end of year $ (928 ) $ (820 ) $ (264 ) $ (276 ) Net amounts recognized in the consolidated balance sheets at December 31: Current liabilities $ (2 ) $ (2 ) $ (24 ) $ (26 ) Noncurrent liabilities (926 ) (818 ) (240 ) (250 ) Net amounts recognized in the consolidated balance sheets $ (928 ) $ (820 ) $ (264 ) $ (276 ) Pretax amounts recognized in AOCL at December 31: Net loss (gain) $ 2,035 $ 1,902 $ (69 ) $ (80 ) Prior service credit (13 ) (14 ) — — Pretax balance in AOCL at end of year $ 2,022 $ 1,888 $ (69 ) $ (80 ) (1) The 2015 impact includes the transfer of benefit obligations of $71 million through the purchase of annuity contracts from an insurance company. In 2017 , an estimated net loss of $83 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 2017 , an estimated net gain of $6 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, 2016 In millions Defined Benefit Pension Plans Other Postretirement Benefits 2017 $ 275 $ 25 2018 274 22 2019 273 22 2020 273 21 2021 272 21 2022 through 2026 1,314 88 Total $ 2,681 $ 199 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, 2016 , plan assets totaled $3.1 billion and $3.2 billion at December 31, 2015 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, 2016 and 2015 : Basis of Fair Value Measurements at December 31, 2016 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 $ — $ 242 $ — $ 242 Equity securities: U.S. equity $ 235 $ 17 $ — $ 252 Non-U.S. equity - developed countries 67 98 — 165 Emerging markets 43 80 6 129 Convertible bonds 1 — — 1 Equity derivatives — (3 ) — (3 ) Total equity securities $ 346 $ 192 $ 6 $ 544 Fixed income securities: U.S. government and municipalities $ — $ 838 $ — $ 838 U.S. agency mortgage backed securities — 50 — 50 Corporates - investment grade — 423 — 423 Non-U.S. governments - developed countries — 4 — 4 Non-U.S. corporates - developed countries — 81 — 81 Emerging markets debt — 7 — 7 Other asset-backed securities — 33 — 33 Other fixed income funds — — 77 77 Fixed income derivatives — (16 ) — (16 ) High yield bonds — 1 — 1 Total fixed income securities $ — $ 1,421 $ 77 $ 1,498 Alternative investments: Real estate $ — $ — $ 329 $ 329 Private equity — — 214 214 Absolute return — 160 104 264 Total alternative investments $ — $ 160 $ 647 $ 807 Total other securities $ — $ (13 ) $ 19 $ 6 Total pension plan assets at fair value $ 346 $ 2,002 $ 749 $ 3,097 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 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. For 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. Some pension plan assets are held in funds where fair value is based on an estimated net asset value per share (or its equivalent) as of the most recently available fund financial statements, and adjusted for estimated earnings and investment activity. These funds are classified as Level 3 due to the significant unobservable inputs inherent in the fair value measurement. The following table summarizes the changes in fair value of Level 3 pension plan assets for the years ended December 31, 2016 and 2015 : 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, 2015 $ 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 Actual return on plan assets: Relating to assets held at Dec 31, 2016 1 (6 ) (30 ) 2 (33 ) Relating to assets sold during 2016 — — 39 (8 ) 31 Purchases, sales and settlements — 32 (30 ) 3 5 Foreign currency impact — — (1 ) — (1 ) Balance at December 31, 2016 $ 6 $ 77 $ 647 $ 19 $ 749

LEASED PROPERTY

LEASED PROPERTY	12 Months Ended
	Dec. 31, 2016
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, 2016 In millions 2017 $ 6 2018 5 2019 5 2020 4 2021 3 2022 and thereafter 8 Total $ 31 Rental expenses under leases were $28 million in 2016 , $29 million in 2015 and $27 million in 2014 .

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2016
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 was included in “Sundry income (expense) - net” in the consolidated statements of income. Purchases from that Dow subsidiary were approximately $1.4 billion in 2016 , $1.7 billion in 2015 and $2.9 billion in 2014 . The decrease in purchase costs in 2016 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 $27 million in 2016 , $30 million in 2015 and $26 million in 2014 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 $58 million in 2016 , $63 million in 2015 and $53 million in 2014 and were included in “Cost of sales” in the consolidated statements of income. 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, 2016 , the Corporation had a note receivable of $1.4 billion ( $1.3 billion at December 31, 2015 ) 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, 2017. 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, 2016 , $947 million ( $940 million at December 31, 2015 ) was available under the revolving credit agreement. The cash collateral was reported as “Noncurrent receivables from related companies” in the consolidated balance sheets. On a quarterly basis, the Corporation's Board of Directors reviews and determines if there will be 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 2016 , the Corporation declared and paid dividends totaling $500 million to Dow. During 2015 , the Corporation declared and paid dividends totaling $1.2 billion to Dow. The Corporation received no cash dividends from its related company investments in 2016 ( zero in 2015 and $12 million in 2014 ). These dividends were included in "Sundry income (expense) - net" in the consolidated statements of income. In 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 was 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 $415 million in 2016 , $310 million in 2015 and $579 million in 2014 .

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2016
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 2016 2015 2014 Domestic $ 49 $ 1,254 $ 896 Foreign 8 (11 ) (5 ) Total $ 57 $ 1,243 $ 891 Provision (Credit) for Income Taxes 2016 2015 2014 In millions Current Deferred Total Current Deferred Total Current Deferred Total Federal (1) $ 265 $ (285 ) $ (20 ) $ 373 $ (31 ) $ 342 $ (41 ) $ 311 $ 270 State and local (3 ) (12 ) (15 ) 2 (13 ) (11 ) (5 ) 38 33 Foreign 3 — 3 104 — 104 1 — 1 Total $ 265 $ (297 ) $ (32 ) $ 479 $ (44 ) $ 435 $ (45 ) $ 349 $ 304 (1) In 2016, reflects the impact of the asbestos-related charge. In 2014, reflects the impact of accelerated deductions. Reconciliation to U.S. Statutory Rate In millions 2016 2015 2014 Taxes at U.S. statutory rate $ 20 $ 435 $ 312 U.S. manufacturing deductions (8 ) (8 ) (26 ) Unrecognized tax benefits (26 ) 24 — Federal tax accrual adjustments (7 ) (7 ) (14 ) State and local tax impact (14 ) (11 ) 42 Other - net 3 2 (10 ) Total tax provision (credit) $ (32 ) $ 435 $ 304 Effective tax rate (56.1 )% 35.0 % 34.1 % The tax rate for 2016 was favorably impacted by the release of a reserve in excess of the settlement of an uncertain tax position and from the asbestos-related charge. UCC's reported effective tax rate for 2016 was negative 56.1 percent. 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" 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 . Deferred Tax Balances at December 31 2016 2015 In millions Deferred Tax Assets Deferred Tax Liabilities Deferred Tax Assets Deferred Tax Liabilities Property $ — $ 183 $ — $ 193 Tax loss and credit carryforwards 53 — 70 — Postretirement benefit obligations (1) 442 — 407 — Other accruals and reserves (2) 611 — 297 — Inventory (3) 14 — 18 — Other - net 13 2 7 1 Subtotal $ 1,133 $ 185 $ 799 $ 194 Valuation allowances (20 ) — (28 ) — Total $ 1,113 $ 185 $ 771 $ 194 (1) Prior year was adjusted to conform to current year presentation. (2) In 2016, the increase is primarily due to the asbestos-related charge. (3) The Corporation elected to early adopt ASU 2015-17 in the first quarter of 2016. As a result, prior year was adjusted to reflect the reclassification of prepaid tax assets of $5 million to “Other current assets” in the consolidated balance sheets. Gross operating loss carryforwards, primarily related to state operating losses, amounted to $681 million at December 31, 2016 , compared with $889 million at December 31, 2015 . At December 31, 2016 , $436 million of the operating loss carryforwards were subject to expiration in the years 2017 through 2021. The remaining balances expire in years beyond 2021 or have an indefinite carryforward period. Tax credit carryforwards amounted to $5 million at December 31, 2016 and $5 million at December 31, 2015 , of which $1 million is subject to expiration in the years 2017 through 2021. The remaining balances expire in years beyond 2021 or have an indefinite carryforward period. Undistributed earnings of foreign subsidiaries and related companies that are deemed to be permanently invested amounted to $36 million at December 31, 2016 , $41 million at December 31, 2015 and $50 million at December 31, 2014 . 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 $20 million at December 31, 2016 and $28 million at December 31, 2015 . In the fourth quarter of 2016, a settlement in the amount of $206 million was reached for a tax matter regarding a historical change in the legal ownership structure of a nonconsolidated affiliate. As a result of the settlement, the Corporation recorded a net decrease to uncertain tax positions of $67 million in “Other noncurrent obligations” in the consolidated balance sheets. Total Gross Unrecognized Tax Benefits In millions 2016 2015 2014 Balance at January 1 $ 68 $ 1 $ 4 Increases related to positions taken on items from prior years 139 67 — Settlement of uncertain tax positions with tax authorities (206 ) — — Decreases due to expiration of statutes of limitations — — (3 ) Balance at December 31 $ 1 $ 68 $ 1 At December 31, 2016 , the total amount of unrecognized tax benefits which would impact the effective tax rate if recognized was $1 million ( $1 million at December 31, 2015 ). Interest and penalties are recognized as components of “Provision (Credit) for income taxes” in the consolidated statements of income and was a benefit of $36 million in 2016 , a charge of $37 million in 2015 and a benefit of $6 million in 2014 . The Corporation's accrual for interest and penalties associated with uncertain tax positions was insignificant at December 31, 2016 and $38 million at December 31, 2015 . 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 2016 2015 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, 2016 , will be reduced by approximately $1 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, 2016
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, 2016 , 2015 and 2014 : Accumulated Other Comprehensive Loss In millions 2016 2015 2014 Cumulative Translation Adjustments at beginning of year $ (61 ) $ (63 ) $ (78 ) Translation adjustments (1 ) 2 (1 ) Reclassification to earnings - Sundry income (expense) - net (1) — — 16 Balance at end of period $ (62 ) $ (61 ) $ (63 ) Pension and Other Postretirement Benefit Plans at beginning of year $ (1,167 ) $ (1,180 ) $ (967 ) Net loss during period (net of tax of $(79), $(21), $(165)) (2) (133 ) (32 ) (273 ) Prior service credit (cost) arising during the period (net of tax of $-, $(2), $13) (2) — (2 ) 25 Amortization of prior service cost (credit) included in net periodic pension costs (net of tax of $-, $(1), $2) (2) (1 ) (1 ) 4 Amortization of net loss included in net periodic pension costs (net of tax of $25, $29, $25) (2) 43 48 31 Balance at end of period $ (1,258 ) $ (1,167 ) $ (1,180 ) Total accumulated other comprehensive loss $ (1,320 ) $ (1,228 ) $ (1,243 ) (1) In 2014, reclassification resulted from the divestiture or liquidation of subsidiaries. (2) See Note 15 for additional information.

BUSINESS AND GEOGRAPHIC AREAS

BUSINESS AND GEOGRAPHIC AREAS	12 Months Ended
	Dec. 31, 2016
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 substantially all of 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 2016 Sales to external customers $ 95 $ 3 $ 10 $ 108 Long-lived assets $ 1,353 $ 10 $ 31 $ 1,394 2015 Sales to external customers $ 70 $ 3 $ 14 $ 87 Long-lived assets $ 1,259 $ 10 $ 32 $ 1,301 2014 Sales to external customers $ 62 $ 1 $ 19 $ 82 Long-lived assets $ 1,113 $ 6 $ 33 $ 1,152

PLANNED MERGER WITH DUPONT

PLANNED MERGER WITH DUPONT	12 Months Ended
	Dec. 31, 2016
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 ("Merger Agreement") to effect an all-stock, merger of equals strategic combination ("Merger Transaction") resulting in a newly formed corporation named DowDuPont Inc. ("DowDuPont"). Pursuant to the terms of the Merger Agreement, Dow and DuPont will each merge with wholly owned subsidiaries of DowDuPont (the "Mergers") and, as a result of the Mergers, will become subsidiaries of DowDuPont. Following the consummation of the Mergers, Dow and DuPont intend to pursue, subject to the receipt of regulatory approvals and approval by the board of directors of DowDuPont, the separation of the combined company’s agriculture business, specialty products business and material science business through one or more tax-efficient transactions. Additional information about the Merger Agreement is included in Dow's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission ("SEC") on December 11, 2015. On June 9, 2016, DowDuPont's registration statement filed with the SEC on Form S-4 (File No. 333-209869), as amended, was declared effective. The registration statement was filed in connection with the proposed Mergers and includes a joint proxy statement of Dow and DuPont and a prospectus of DowDuPont. The companies also scheduled special meetings of their respective stockholders to seek adoption of the Merger Agreement and approval of related matters from such stockholders. Each company's common stockholders of record as of the close of business on June 2, 2016, were entitled to vote at the respective meeting. Dow's special meeting of stockholders was held on July 20, 2016, which resulted in a vote for adoption of the Merger Agreement and approval of related matters. On February 2, 2017, Dow announced it reached an agreement to sell its global ethylene acrylic acid ("EAA") copolymers and ionomers business to SK Global Chemical Co., Ltd. as part of the ongoing regulatory approval process for the Merger Transaction. The divestiture will be conditioned on Dow and DuPont closing the Merger Transaction, in addition to other closing conditions, including regulatory filings, local employment law and governance obligations. On February 7, 2017, Dow and DuPont submitted a proposed remedy package to the European Commission (“EC”) which includes the proposed divestment of Dow’s EAA business and a portion of DuPont’s crop protection business and associated research and development. As a result, the EC’s deadline to review the proposed remedy actions has been extended to April 4, 2017. Dow and DuPont remain focused on closing the transaction and continue to work constructively with regulatory agencies in all relevant jurisdictions, including the United States, European Union, China, Brazil and Canada. Given current regulatory agency status, closing is expected to occur in the first half of 2017, subject to satisfaction of customary closing conditions, including receipt of all regulatory approvals.

SUMMARY OF SIGNIFICANT ACCOUN29

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policy)	12 Months Ended
	Dec. 31, 2016	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.
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]		Adoption of Accounting Standards Update ("ASU") 2015-17, "Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes" In the first quarter of 2016, the Corporation early adopted ASU 2015-17, which requires that all deferred tax assets and liabilities be classified as noncurrent in a classified statement of financial position. The Corporation elected to apply the new guidance on a retrospective basis, and as a result, changes have been made to the presentation of deferred income tax assets in the consolidated balance sheets at December 31, 2015, with the reclassification of $64 million of current deferred income tax assets from "Other current assets" to "Deferred income tax assets."
Accounting Changes [Text Block]	Change in Method of Accounting for Asbestos-Related Matters - Legal Costs In September 2014, the Corporation began to implement a strategy designed to reduce and to ultimately stabilize and forecast defense and processing costs associated with asbestos-related matters. The strategy included a number of important changes including: invoicing protocols including capturing costs by plaintiff, review of existing counsel roles, work processes and workflow, and utilization of enterprise legal management software, which enabled claim-specific tracking of asbestos-related defense costs. The Corporation reviewed the information generated from this new strategy and determined that it now has the ability to reasonably estimate asbestos-related defense and processing costs for the same periods that it estimates asbestos-related resolution costs for pending and future claims. The Corporation believes that including estimates of the liability for asbestos-related defense and processing costs provides a more complete assessment and measure of the liability associated with resolving asbestos-related matters, which the Corporation believes is preferable in these circumstances. In the fourth quarter of 2016, the Corporation elected to change its method of accounting for asbestos-related defense and processing costs from expensing as incurred to estimating and accruing a liability. The Corporation believes this change is preferable as asbestos-related defense and processing costs represent expenditures related to legacy activities that do not contribute to current or future revenue generating activities. The change is also reflective of the manner in which the Corporation manages the asbestos-related exposure, including the careful monitoring of the correlation between defense spending and resolution costs. Together, these two sources of costs more accurately represent the "total cost" of resolving asbestos-related claims now and in the future. In the fourth quarter of 2016, the Corporation added a new accounting policy for asbestos-related matters and updated its existing accounting policy for legal costs, as follows: Asbestos-Related Matters Accruals for asbestos-related matters, including defense and processing costs, are recorded based on an analysis of claim and resolution activity, defense spending and pending and future claims. These accruals are assessed at each balance sheet date to determine if the asbestos-related liability remains appropriate. Accruals for asbestos-related matters are included in the consolidated balance sheets in "Asbestos-related liabilities - current" and "Asbestos-related liabilities - noncurrent." Legal Costs The Corporation expenses legal costs as incurred, with the exception of defense and processing costs associated with asbestos-related matters. The accounting policy change has been reflected as a change in accounting estimate effected by a change in accounting principle. As a result of this accounting policy change, the Corporation recorded a pretax charge for asbestos-related defense and processing costs of $1,009 million in the fourth quarter of 2016, included in "Asbestos-related charge" in the consolidated statements of income (after-tax loss of $636 million ). The Corporation's total asbestos-related liability, including defense and processing costs, was $1,490 million at December 31, 2016, and was included in "Asbestos-related liabilities - current" and "Asbestos-related liabilities - noncurrent" in the consolidated balance sheets. See Note 13 for additional information.
Asbestos-Related Matters - Legal Costs [Policy Text Block]	Asbestos-Related Matters Accruals for asbestos-related matters, including defense and processing costs, are recorded based on an analysis of claim and resolution activity, defense spending and pending and future claims. These accruals are assessed at each balance sheet date to determine if the asbestos-related liability remains appropriate. Accruals for asbestos-related matters are included in the consolidated balance sheets in "Asbestos-related liabilities - current" and "Asbestos-related liabilities - noncurrent."
Legal Costs, Policy [Policy Text Block]	Legal Costs The Corporation expenses legal costs as incurred, with the exception of defense and processing costs associated with asbestos-related matters.
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 2015 and 99 percent in 2014 ); the remaining 1 percent is related to the licensing of patents and technology ( 1 percent in 2015 and 1 percent in 2014 ). 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.
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.

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2016
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	The following table provides a breakdown of inventories: Inventories at December 31 In millions 2016 2015 Finished goods $ 186 $ 191 Work in process 38 33 Raw materials 50 42 Supplies 87 86 Total FIFO inventories $ 361 $ 352 Adjustment of inventories to a LIFO basis (54 ) (49 ) Total inventories $ 307 $ 303

PROPERTY (Tables)

PROPERTY (Tables)	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Schedule of other items related to property [Text Block]	In millions 2016 2015 2014 Depreciation expense $ 166 $ 160 $ 176 Manufacturing maintenance and repair costs $ 304 $ 353 $ 295 Capitalized interest $ 13 $ 10 $ 5
Schedule of property	Property at December 31 Estimated Useful In millions Lives (Years) 2016 2015 Land — $ 69 $ 69 Land and waterway improvements 15-25 205 209 Buildings 5-50 396 420 Machinery and equipment 3-20 5,872 5,809 Utility and supply lines 5-20 171 164 Other property 3-30 101 98 Construction in progress — 330 267 Total property $ 7,144 $ 7,036

INVESTMENTS IN RELATED COMPAN32

INVESTMENTS IN RELATED COMPANIES (Tables)	12 Months Ended
	Dec. 31, 2016
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 2016 2015 2016 2015 Dow International Holdings Company 15 % 15 % $ 633 $ 633 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 $ 639

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2016
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Intangible Assets	Intangible Assets at December 31 2016 2015 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 70 (45 ) 25 63 (41 ) 22 Total intangible assets $ 103 $ (78 ) $ 25 $ 96 $ (74 ) $ 22
Schedule Of Finite Lived Intangible Assets Amortization Expense Table [Table Text Block]	Amortization Expense In millions 2016 2015 2014 Software (1) $ 4 $ 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 2017 $ 4 2018 $ 5 2019 $ 5 2020 $ 5 2021 $ 3

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2016
Financial Instruments [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments At December 31, 2016 At December 31, 2015 In millions Cost Gain Loss Fair Value Cost Gain Loss Fair Value Cash equivalents $ 7 $ — $ — $ 7 $ 5 $ — $ — $ 5 Debt securities (1) $ 2 $ — $ — $ 2 $ 4 $ — $ — $ 4 Long-term debt including debt due within one year $ (476 ) $ — $ (95 ) $ (571 ) $ (477 ) $ — $ (96 ) $ (573 ) (1) Marketable securities are included in “Other investments” in the consolidated balance sheets.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2016
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 2016 2015 Assets at fair value: Cash equivalents $ 7 $ 5 Debt securities (1) $ 2 $ 4 Liabilities at fair value: Long-term debt (2) $ 571 $ 573 (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, 2016
Supplementary Information [Abstract]
Sundry Income, Net [Table Text Block]	Sundry Income (Expense) - Net In millions 2016 2015 2014 Dow administrative and overhead fees (1) $ (27 ) $ (30 ) $ (26 ) Net commission expense - related company (1) (22 ) (22 ) (21 ) Net gain (loss) on sales of property 50 (3 ) 4 Net gain on ownership transfer of property — 23 — Net gain on sale of patents (2) — 10 — Net gain on sale of railcar fleet (1) — — 66 Dividend income - related companies (1) — — 12 Reclassification of cumulative translation adjustment — — (16 ) Net gain on sale of Dow's Polypropylene Licensing and Catalysts business (2) — — 4 Foreign exchange gain (loss) 1 (2 ) — Other - net — (6 ) (9 ) Total sundry income (expense) - net $ 2 $ (30 ) $ 14 (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 2016 2015 2014 Cash payments for interest $ 38 $ 39 $ 37 Cash payments (refunds) for income taxes $ 697 $ (125 ) $ 555

COMMITMENTS AND CONTINGENT LI37

COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Environmental Loss Contingency Disclosure [Text Block]	The following table summarizes the activity in the Corporation's accrued obligations for environmental matters for the years ended December 31, 2016 and 2015 : Accrued Liability for Environmental Matters In millions 2016 2015 Balance at January 1 $ 115 $ 132 Accrual adjustment 115 61 Payments against reserve (85 ) (76 ) Foreign currency impact — (2 ) Balance at December 31 $ 145 $ 115
Unrecorded Unconditional Purchase Obligations Disclosure [Table Text Block]	Fixed and Determinable Portion of Take-or-Pay Obligations at December 31, 2016 In millions 2017 $ 42 2018 32 2019 31 2020 31 2021 30 2022 and beyond 164 Total $ 330

NOTES PAYABLE AND LONG-TERM D38

NOTES PAYABLE AND LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2016
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 2017 $ 1 2018 $ 1 2019 $ 1 2020 $ 1 2021 $ 1
Schedule of Short-term Debt [Table Text Block]	Notes Payable at December 31 In millions 2016 2015 Notes payable to related companies $ 25 $ 25 Year-end average interest rates 2.07 % 1.40 %
Schedule of Long-term Debt Instruments [Table Text Block]	Long-Term Debt at December 31 2016 2015 Average Average In millions Rate 2016 Rate 2015 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 — 9 — 10 Unamortized debt discount and issuance costs — (5 ) — (5 ) Long-term debt due within one year — (1 ) — (1 ) Total long-term debt $ 475 $ 476

PENSION PLANS AND OTHER POSTR39

PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS (Tables)	12 Months Ended
	Dec. 31, 2016
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 2016 2015 2014 2016 2015 2014 Service cost $ 39 $ 44 $ 30 $ 1 $ 1 $ 1 Interest cost 131 164 183 8 10 13 Expected return on plan assets (217 ) (226 ) (232 ) — — — Amortization of prior service cost (credit) (1 ) (1 ) 6 — (1 ) — Amortization of net (gain) loss 75 87 66 (7 ) (10 ) (10 ) Net periodic benefit cost $ 27 $ 68 $ 53 $ 2 $ — $ 4
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 2016 2015 2014 2016 2015 2014 Net (gain) loss $ 208 $ 34 $ 450 $ 4 $ 19 $ (12 ) Prior service cost (credit) arising during period — 4 (38 ) — — — Amortization of prior service (cost) credit 1 1 (6 ) — 1 — Amortization of net gain (loss) (75 ) (87 ) (66 ) 7 10 10 Total recognized in other comprehensive (income) loss $ 134 $ (48 ) $ 340 $ 11 $ 30 $ (2 ) Total recognized in net periodic benefit cost and other comprehensive loss $ 161 $ 20 $ 393 $ 13 $ 30 $ 2
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: 2016 2015 2016 2015 Benefit obligation at beginning of year $ 3,993 $ 4,345 $ 276 $ 270 Service cost 39 44 1 1 Interest cost 131 164 8 10 Plan amendments — 4 — — Actuarial changes in assumptions and experience 155 (178 ) 4 19 Benefits paid (285 ) (293 ) (25 ) (24 ) Other (1) (8 ) (93 ) — — Benefit obligation at end of year $ 4,025 $ 3,993 $ 264 $ 276 Change in plan assets: Fair value of plan assets at beginning of year $ 3,173 $ 3,543 $ — $ — Actual return on plan assets 165 14 — — Employer contributions 52 2 — — Asset transfers (1) (8 ) (93 ) — — Benefits paid (285 ) (293 ) — — Fair value of plan assets at end of year $ 3,097 $ 3,173 $ — $ — Funded status at end of year $ (928 ) $ (820 ) $ (264 ) $ (276 ) Net amounts recognized in the consolidated balance sheets at December 31: Current liabilities $ (2 ) $ (2 ) $ (24 ) $ (26 ) Noncurrent liabilities (926 ) (818 ) (240 ) (250 ) Net amounts recognized in the consolidated balance sheets $ (928 ) $ (820 ) $ (264 ) $ (276 ) Pretax amounts recognized in AOCL at December 31: Net loss (gain) $ 2,035 $ 1,902 $ (69 ) $ (80 ) Prior service credit (13 ) (14 ) — — Pretax balance in AOCL at end of year $ 2,022 $ 1,888 $ (69 ) $ (80 ) (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]	The estimated future benefit payments, reflecting expected future service, as appropriate, are presented in the following table: Estimated Future Benefit Payments at December 31, 2016 In millions Defined Benefit Pension Plans Other Postretirement Benefits 2017 $ 275 $ 25 2018 274 22 2019 273 22 2020 273 21 2021 272 21 2022 through 2026 1,314 88 Total $ 2,681 $ 199
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]	The following tables summarize the bases used to measure the Corporation's pension plan assets at fair value for the years ended December 31, 2016 and 2015 : Basis of Fair Value Measurements at December 31, 2016 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 $ — $ 242 $ — $ 242 Equity securities: U.S. equity $ 235 $ 17 $ — $ 252 Non-U.S. equity - developed countries 67 98 — 165 Emerging markets 43 80 6 129 Convertible bonds 1 — — 1 Equity derivatives — (3 ) — (3 ) Total equity securities $ 346 $ 192 $ 6 $ 544 Fixed income securities: U.S. government and municipalities $ — $ 838 $ — $ 838 U.S. agency mortgage backed securities — 50 — 50 Corporates - investment grade — 423 — 423 Non-U.S. governments - developed countries — 4 — 4 Non-U.S. corporates - developed countries — 81 — 81 Emerging markets debt — 7 — 7 Other asset-backed securities — 33 — 33 Other fixed income funds — — 77 77 Fixed income derivatives — (16 ) — (16 ) High yield bonds — 1 — 1 Total fixed income securities $ — $ 1,421 $ 77 $ 1,498 Alternative investments: Real estate $ — $ — $ 329 $ 329 Private equity — — 214 214 Absolute return — 160 104 264 Total alternative investments $ — $ 160 $ 647 $ 807 Total other securities $ — $ (13 ) $ 19 $ 6 Total pension plan assets at fair value $ 346 $ 2,002 $ 749 $ 3,097 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
Defined Benefit Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Schedule of Assumptions Used [Table Text Block]	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 2016 2015 2014 2016 2015 2014 Discount rate 4.00 % 4.26 % 3.90 % 4.26 % 3.90 % 4.75 % Rate of increase in future compensation levels 4.25 % 4.50 % 4.50 % 4.50 % 4.50 % 4.50 % Expected long-term rate of return on plan assets — — — 6.80 % 6.80 % 6.80 %
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 2016 2015 Projected benefit obligation $ 4,025 $ 3,993 Accumulated benefit obligation $ 3,997 $ 3,960 Fair value of plan assets $ 3,097 $ 3,173
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]	The following table summarizes the changes in fair value of Level 3 pension plan assets for the years ended December 31, 2016 and 2015 : 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, 2015 $ 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 Actual return on plan assets: Relating to assets held at Dec 31, 2016 1 (6 ) (30 ) 2 (33 ) Relating to assets sold during 2016 — — 39 (8 ) 31 Purchases, sales and settlements — 32 (30 ) 3 5 Foreign currency impact — — (1 ) — (1 ) Balance at December 31, 2016 $ 6 $ 77 $ 647 $ 19 $ 749
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Schedule of Assumptions Used [Table Text Block]	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 2016 2015 2014 2016 2015 2014 Discount rate 3.88 % 4.08 % 3.75 % 4.08 % 3.75 % 4.40 % Initial health care cost trend rate 7.00 % 7.25 % 7.05 % 7.25 % 7.05 % 7.46 % 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 2025 2020 2025 2020 2020

LEASED PROPERTY (Tables)

LEASED PROPERTY (Tables)	12 Months Ended
	Dec. 31, 2016
Leases [Abstract]
Operating Leases of Lessee Disclosure [Table Text Block]	Minimum Lease Commitments at December 31, 2016 In millions 2017 $ 6 2018 5 2019 5 2020 4 2021 3 2022 and thereafter 8 Total $ 31

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2016
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 2016 2015 2014 Domestic $ 49 $ 1,254 $ 896 Foreign 8 (11 ) (5 ) Total $ 57 $ 1,243 $ 891
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Provision (Credit) for Income Taxes 2016 2015 2014 In millions Current Deferred Total Current Deferred Total Current Deferred Total Federal (1) $ 265 $ (285 ) $ (20 ) $ 373 $ (31 ) $ 342 $ (41 ) $ 311 $ 270 State and local (3 ) (12 ) (15 ) 2 (13 ) (11 ) (5 ) 38 33 Foreign 3 — 3 104 — 104 1 — 1 Total $ 265 $ (297 ) $ (32 ) $ 479 $ (44 ) $ 435 $ (45 ) $ 349 $ 304 (1) In 2016, reflects the impact of the asbestos-related charge. In 2014, reflects the impact of accelerated deductions.
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Reconciliation to U.S. Statutory Rate In millions 2016 2015 2014 Taxes at U.S. statutory rate $ 20 $ 435 $ 312 U.S. manufacturing deductions (8 ) (8 ) (26 ) Unrecognized tax benefits (26 ) 24 — Federal tax accrual adjustments (7 ) (7 ) (14 ) State and local tax impact (14 ) (11 ) 42 Other - net 3 2 (10 ) Total tax provision (credit) $ (32 ) $ 435 $ 304 Effective tax rate (56.1 )% 35.0 % 34.1 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Deferred Tax Balances at December 31 2016 2015 In millions Deferred Tax Assets Deferred Tax Liabilities Deferred Tax Assets Deferred Tax Liabilities Property $ — $ 183 $ — $ 193 Tax loss and credit carryforwards 53 — 70 — Postretirement benefit obligations (1) 442 — 407 — Other accruals and reserves (2) 611 — 297 — Inventory (3) 14 — 18 — Other - net 13 2 7 1 Subtotal $ 1,133 $ 185 $ 799 $ 194 Valuation allowances (20 ) — (28 ) — Total $ 1,113 $ 185 $ 771 $ 194 (1) Prior year was adjusted to conform to current year presentation. (2) In 2016, the increase is primarily due to the asbestos-related charge. (3) The Corporation elected to early adopt ASU 2015-17 in the first quarter of 2016. As a result, prior year was adjusted to reflect the reclassification of prepaid tax assets of $5 million to “Other current assets” in the consolidated balance sheets.
Schedule of Total Gross Unrecognized Tax Benefits [Table Text Block]	Total Gross Unrecognized Tax Benefits In millions 2016 2015 2014 Balance at January 1 $ 68 $ 1 $ 4 Increases related to positions taken on items from prior years 139 67 — Settlement of uncertain tax positions with tax authorities (206 ) — — Decreases due to expiration of statutes of limitations — — (3 ) Balance at December 31 $ 1 $ 68 $ 1
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 2016 2015 United States: Federal income tax 2004 2004 State and local income tax 2004 2004

ACCUMULATED OTHER COMPREHENSI42

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	12 Months Ended
	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Loss [Table Text Block]	Accumulated Other Comprehensive Loss In millions 2016 2015 2014 Cumulative Translation Adjustments at beginning of year $ (61 ) $ (63 ) $ (78 ) Translation adjustments (1 ) 2 (1 ) Reclassification to earnings - Sundry income (expense) - net (1) — — 16 Balance at end of period $ (62 ) $ (61 ) $ (63 ) Pension and Other Postretirement Benefit Plans at beginning of year $ (1,167 ) $ (1,180 ) $ (967 ) Net loss during period (net of tax of $(79), $(21), $(165)) (2) (133 ) (32 ) (273 ) Prior service credit (cost) arising during the period (net of tax of $-, $(2), $13) (2) — (2 ) 25 Amortization of prior service cost (credit) included in net periodic pension costs (net of tax of $-, $(1), $2) (2) (1 ) (1 ) 4 Amortization of net loss included in net periodic pension costs (net of tax of $25, $29, $25) (2) 43 48 31 Balance at end of period $ (1,258 ) $ (1,167 ) $ (1,180 ) Total accumulated other comprehensive loss $ (1,320 ) $ (1,228 ) $ (1,243 ) (1) In 2014, reclassification resulted from the divestiture or liquidation of subsidiaries. (2) See Note 15 for additional information.

BUSINESS AND GEOGRAPHIC AREAS (

BUSINESS AND GEOGRAPHIC AREAS (Tables)	12 Months Ended
	Dec. 31, 2016
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 2016 Sales to external customers $ 95 $ 3 $ 10 $ 108 Long-lived assets $ 1,353 $ 10 $ 31 $ 1,394 2015 Sales to external customers $ 70 $ 3 $ 14 $ 87 Long-lived assets $ 1,259 $ 10 $ 32 $ 1,301 2014 Sales to external customers $ 62 $ 1 $ 19 $ 82 Long-lived assets $ 1,113 $ 6 $ 33 $ 1,152

SUMMARY OF SIGNIFICANT ACCOUN44

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Millions	3 Months Ended			12 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2016USD ($)years	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Accounting Policies [Abstract]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification		$ 64
Asbestos Related Charges Credit	$ 1,009		$ 78	$ 1,113	$ 0	$ 78
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Net Income	636
Liability for Asbestos Claims and Defense Costs Gross	$ 1,490			$ 1,490
Amortization Period for Cost Capitalized on Asset Retirement Obligations | years				10
Sales Revenue, Goods, Net, Percentage				99.00%	99.00%	99.00%
Sales Revenue, Non Goods, Net, Percentage				1.00%	1.00%	1.00%

RESTRUCTURING (Details)

RESTRUCTURING (Details) $ in Millions	3 Months Ended					12 Months Ended
	Dec. 31, 2016USD ($)employees	Jun. 30, 2016USD ($)employees	Dec. 31, 2015USD ($)employees	Jun. 30, 2015USD ($)employees	Dec. 31, 2014USD ($)	Dec. 31, 2016USD ($)employees	Dec. 31, 2015USD ($)employees	Dec. 31, 2014USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring Charges						$ 4	$ 19	$ (3)
2Q16 Restructuring [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Number of Positions Eliminated | employees	16	5
Severance Costs	$ 2	$ 1
Restructuring Reserve	$ 3					$ 3
Entity Number of Employees | employees	15					15
2Q15 Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges				$ 18
2Q15 Restructuring [Member] | 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						$ (2)	(1)
Restructuring Reserve			$ 2				$ 2
Entity Number of Employees | employees			15				15
2Q15 Restructuring [Member] | Cost Associated with Exit and Disposal Activities [Member]
Restructuring Cost and Reserve [Line Items]
Business Exit Costs		$ 1		2
2Q15 Restructuring [Member] | 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 (Meth

DIVESTITURES DIVESTITURES (Methylmercapto Propionaldehyde Assets) (Details) - Methylmercapto Propionaldehyde Assets [Member] - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2015	Nov. 01, 2015
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, 2016	Dec. 31, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Finished goods	$ 186	$ 191
Work in process	38	33
Raw materials	50	42
Supplies	87	86
FIFO Inventory Amount	361	352
Inventory, LIFO Reserve	(54)	(49)
Total inventories	$ 307	$ 303
Percentage of LIFO Inventory	68.00%	67.00%
Effect of LIFO Inventory Liquidation on Income	$ 0	$ 14	$ 0

PROPERTY (Schedule of Property)

PROPERTY (Schedule of Property) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property	$ 7,144	$ 7,036
Land [Member]
Property, Plant and Equipment [Line Items]
Property	69	69
Land and waterway improvements [Member]
Property, Plant and Equipment [Line Items]
Property	205	209
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property	396	420
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Property	5,872	5,809
Utility and Supply Lines [Member]
Property, Plant and Equipment [Line Items]
Property	171	164
Other property [Member]
Property, Plant and Equipment [Line Items]
Property	101	98
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property	$ 330	$ 267
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, 2016	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 166	$ 160	$ 176
Manufacturing maintenance and repair costs	304	353	295
Capitalized interest	$ 13	$ 10	$ 5

NONCONSOLIDATED AFFILIATES NONC

NONCONSOLIDATED AFFILIATES NONCONSOLIDATED AFFILIATES (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	$ 14	$ 13
Proceeds from Equity Method Investment, Dividends or Distributions	1	2	$ 0
Undistributed Earnings of Nonconsolidated Affiliates	$ 9	$ 8

INVESTMENTS IN RELATED COMPAN51

INVESTMENTS IN RELATED COMPANIES (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2016	Sep. 18, 2015
Schedule of Cost-method Investments [Line Items]
Investments in related companies	$ 639		$ 639
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		$ 633
Common Stock, Related Company				462.7096
Ownership Interest Percentage, Related Company	15.00%	15.00%	15.00%	19.10%
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%
The Dow Chemical Company [Member] | Dow International Holdings Company [Member]
Schedule of Cost-method Investments [Line Items]
Ownership Interest Percentage, Related Company				80.90%

INTANGIBLE ASSETS (Intangible A

INTANGIBLE ASSETS (Intangible Assets) (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 103	$ 96
Finite-Lived Intangible Assets, Accumulated Amortization	(78)	(74)
Finite-Lived Intangible Assets, Net	25	22
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	70	63
Finite-Lived Intangible Assets, Accumulated Amortization	(45)	(41)
Finite-Lived Intangible Assets, Net	$ 25	$ 22

INTANGIBLE ASSETS (Schedule of

INTANGIBLE ASSETS (Schedule of Amortization Expense of Intangible Assets) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Amortization Expense, software, included in 'cost of sales'	[1]	$ 4	$ 2	$ 2
[1]	Included in “Cost of sales” in the consolidated statements of income.

INTANGIBLE ASSETS (Schedule o54

INTANGIBLE ASSETS (Schedule of Future Amortization Expense of Intangible Assets) (Details) $ in Millions	Dec. 31, 2016USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Estimated Amortization Expense, 2017	$ 4
Estimated Amortization Expense, 2018	5
Estimated Amortization Expense, 2019	5
Estimated Amortization Expense, 2020	5
Estimated Amortization Expense, 2021	$ 3

FINANCIAL INSTRUMENTS (Investme

FINANCIAL INSTRUMENTS (Investments) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Financial Instruments [Abstract]
Investing Results, Proceeds from sales of available-for-sale securities	$ 2	$ 1	$ 0

FINANCIAL INSTRUMENTS (Fair Val

FINANCIAL INSTRUMENTS (Fair Value of Financial Instruments) (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Long-term Debt	$ 476	$ 477
Long-term Debt, Fair Value	571	573
Long-term Debt [Member]
Schedule of Available-for-sale Securities [Line Items]
Financial Instruments Gross Unrealized Gains	0	0
Financial Instruments Gross Unrealized Loss	95	96
Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	2	4
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	0	0
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	0	0
Available-for-sale Securities	2	4
Money Market Funds [Member]
Schedule of Available-for-sale Securities [Line Items]
Cash Equivalents, at Carrying Value	7	5
Financial Instruments Gross Unrealized Gains	0	0
Financial Instruments Gross Unrealized Loss	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Basis

FAIR VALUE MEASUREMENTS (Basis of Fair Value Measurements on a Recurring Basis) (Details) - USD ($) $ in Millions		Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value		$ 571	$ 573
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
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	[1]	571	573
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Fair Value Disclosure	[2]	2	4
Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents, at Carrying Value		7	5
Money Market Funds [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents, at Carrying Value		$ 7	$ 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		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015		Dec. 31, 2014
Supplementary Information [Line Items]
Total sundry income (expense) - net		$ 2	$ (30)		$ 14
Nonmonetary Transaction, Gain (Loss) Recognized on Transfer		0	23		0
Net gain on sales of property		50	(3)		4
Reclassification of cumulative translation adjustment		0	0		(16)
Foreign exchange loss		1	(2)		0
Other Operating Income		0
Other Cost and Expense, Operating			(6)		(9)
Administrative and overhead fees [Member] | The Dow Chemical Company [Member]
Supplementary Information [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party	[1]	(27)	(30)		(26)
Net Commission Expense [Member]
Supplementary Information [Line Items]
Related Party Transaction, Expenses from Transactions with Related Party	[1]	(22)	(22)		(21)
Dividend Income [Member]
Supplementary Information [Line Items]
Dividend income - related company	[1]	0	0		12
Polypropylene Licensing and Catalyst Business [Member]
Supplementary Information [Line Items]
Net gain on sale of Dow's Polypropylene Licensing and Catalysts business	[2]	0	0		4
Property, Plant and Equipment [Member]
Supplementary Information [Line Items]
Net gain on sale of assets		0	0		66	[1]
Patents [Member]
Supplementary Information [Line Items]
Net gain on sale of assets		$ 0	$ 10	[2]	$ 0
[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, 2016	Dec. 31, 2015
Accrued and other current liabilities	$ 181	$ 177
Accrued and Other Current Liabilities [Member]
Accrued Environmental Loss Contingencies, Current	$ 58	$ 56

SUPPLEMENTARY INFORMATION (Othe

SUPPLEMENTARY INFORMATION (Other Income Statement and Cash Flow Information) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Supplementary Information [Abstract]
Cash payments for interest	$ 38	$ 39	$ 37
Cash payments (refunds) for income taxes	$ 697	$ (125)	$ 555

COMMITMENTS AND CONTINGENT LI61

COMMITMENTS AND CONTINGENT LIABILITIES (Environmental Matters) (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accrual for Environmental Loss Contingencies [Roll Forward]
Accrual for Environmental Loss Contingencies, beginning balance	$ 115	$ 132
Accrual for Environmental Loss Contingencies, Provision for New Losses	115	61
Accrual For Environmental Loss Contingencies Charges Against Reserve	(85)	(76)
Accrual for Environmental Loss Contingencies, Increase (Decrease) for Currency Translation	0	(2)
Accrual for environmental loss contingencies, ending balance	145	115	$ 132
Environmental Remediation Expense	122	58	62
Capital expenditures for environmental protection	10	14	$ 6
Accrual For Environmental Loss Contingencies Superfund Sites [Member]
Accrual for Environmental Loss Contingencies [Roll Forward]
Accrual for Environmental Loss Contingencies, beginning balance	21
Accrual for environmental loss contingencies, ending balance	$ 20	$ 21

COMMITMENTS AND CONTINGENT LI62

COMMITMENTS AND CONTINGENT LIABILITIES (Asbestos Related Matters) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Dec. 31, 2016	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2002
Loss Contingencies [Line Items]
Liability For Asbestos Claims Gross	$ 486	$ 513	$ 486	$ 437	$ 513	$ 2,200
Loss Contingency, Range of Possible Loss, Minimum	502	540	502		540
Loss Contingency, Range of Possible Loss, Maximum	565	640	565		640
Asbestos Related Charges Credit	$ 1,009	$ 78	$ 1,113	$ 0	$ 78
Percentage of Recorded Asbests Liability Related to Pending Claims	14.00%	22.00%	14.00%	21.00%	22.00%
Percentage of Recorded Asbestos Liability Related to Future Claims	86.00%	78.00%	86.00%	79.00%	78.00%
Asbestos Related Defense Cost Contingency, Range of Possible Expense, Minimum	$ 1,009		$ 1,009
Asbestos Related Defense Cost Contingency, Range of Possible Expense, Maximum	1,081		1,081
Liability for Asbestos Claims and Defense Costs Gross	1,490		1,490
Asbestos liability for pending and future claims [Member]
Loss Contingencies [Line Items]
Asbestos Related Charges Credit	104
Estimated Insurance Recoveries of Defense and Resolution Costs [Domain]
Loss Contingencies [Line Items]
Estimated Insurance Recoveries	$ 41		$ 41	$ 61

COMMITMENTS AND CONTINGENT LI63

COMMITMENTS AND CONTINGENT LIABILITIES (Purchase Commitments) (Details) - Inventories [Member] $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)
Unrecorded Unconditional Purchase Obligation [Line Items]
Long-term Purchase Commitment, Period	14 years
Fixed and Determinable Portion of Take or Pay Obligations under Purchase, Due 2017	$ 42
Fixed and Determinable Portion of Take or Pay Obligations under Purchase, Due 2018	32
Fixed and Determinable Portion of Take or Pay Obligations under Purchase, Due 2019	31
Fixed and Determinable Portion of Take or Pay Obligations under Purchase, Due 2020	31
Fixed and Determinable Portion of Take or Pay Obligations under Purchase, Due 2021	30
Fixed and Determinable Portion of Take or Pay Obligations under Purchase, Due 2022 and beyond	164
Fixed and Determinable Portion of Take or Pay Obligations under Purchase, Total	$ 330

NOTES PAYABLE AND LONG-TERM D64

NOTES PAYABLE AND LONG-TERM DEBT (Schedule of Notes Payable) (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Debt Disclosure [Abstract]
Notes payable to related companies	$ 25	$ 25
Year-end average interest rates	2.07%	1.40%

NOTES PAYABLE AND LONG-TERM D65

NOTES PAYABLE AND LONG-TERM DEBT (Schedule of Long-Term Debt) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Unamortized Debt Discount and Issuance Costs	$ 5	$ 5
Long-term debt due within one year	(1)	(1)
Long-Term Debt	$ 475	$ 476
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	$ 9	$ 10

NOTES PAYABLE AND LONG-TERM D66

NOTES PAYABLE AND LONG-TERM DEBT (Schedule of Annual Installments) (Details) $ in Millions	Dec. 31, 2016USD ($)
Annual Installments [Abstract]
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
Long-term Debt, Maturities, Repayments of Principal 2021	$ 1

PENSION PLANS AND OTHER POSTR67

PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS (Pension Plans) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Pension contributions	$ 52	$ 2	$ 2
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Projected Benefit Obligation	4,025	3,993
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Accumulated Benefit Obligation	3,997	3,960
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Fair Value of Plan Assets	3,097	3,173
Defined Contribution Plan, Cost Recognized	$ 17	$ 16	$ 15
Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate - benefit obligations	3.88%	4.08%	3.75%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	4.08%	3.75%	4.40%
Defined Benefit Plan, Benefit Obligation	$ 264	$ 276	$ 270
Defined Benefit Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year	$ 160
Discount rate - benefit obligations	4.00%	4.26%	3.90%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	4.26%	3.90%	4.75%
Rate of increase in future compensation levels - benefit obligations	4.25%	4.50%	4.50%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase	4.50%	4.50%	4.50%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	6.80%	6.80%	6.80%
Defined Benefit Plan, Benefit Obligation	$ 4,025	$ 3,993	$ 4,345
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 POSTR68

PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS (Other Postretirement Benefits) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Tax			$ 10
Defined Benefit Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	4.00%	4.26%	3.90%
Discount rate - net periodic costs	4.26%	3.90%	4.75%
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	3.88%	4.08%	3.75%
Discount rate - net periodic costs	4.08%	3.75%	4.40%
Defined benefit plan, Initial health care cost trend rate - benefit obligations	7.00%	7.25%	7.05%
Initial health care cost trend rate - net periodic costs	7.25%	7.05%	7.46%
Defined benefit plan, Ultimate health care cost trend rate - benefit obligations	5.00%	5.00%	5.00%
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 - benefit obligations	2,025	2,025	2,020
Defined Benefit Plan, Year that Rate Reaches Ultimate Trend Rate - net periodic costs	2,025	2,020	2,020
Defined Benefit Plan, Effect of One Percentage Point Increase on Accumulated Postretirement Benefit Obligation	$ 4
Defined Benefit Plan, Effect of One Percentage Point Decrease on Accumulated Postretirement Benefit Obligation	$ 5

PENSION PLANS AND OTHER POSTR69

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, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 39	$ 44	$ 30
Interest cost	131	164	183
Expected return on plan assets	(217)	(226)	(232)
Amortization of prior service cost (credit)	(1)	(1)	6
Amortization of net (gain) loss	75	87	66
Defined Benefit Plan, Net Periodic Benefit Cost	27	68	53
Net (gain) loss	208	34	450
Prior service cost (credit) arising during period	0	4	(38)
Amortization of prior service (cost) credit	1	1	(6)
Amortization of net (gain) loss	(75)	(87)	(66)
Total recognized in other comprehensive (income) loss	134	(48)	340
Total recognized in net periodic benefit cost and other comprehensive loss	161	20	393
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	1	1	1
Interest cost	8	10	13
Expected return on plan assets	0	0	0
Amortization of prior service cost (credit)	0	(1)	0
Amortization of net (gain) loss	(7)	(10)	(10)
Defined Benefit Plan, Net Periodic Benefit Cost	2	0	4
Net (gain) loss	4	19	(12)
Prior service cost (credit) arising during period	0	0	0
Amortization of prior service (cost) credit	0	1	0
Amortization of net (gain) loss	7	10	10
Total recognized in other comprehensive (income) loss	11	30	(2)
Total recognized in net periodic benefit cost and other comprehensive loss	$ 13	$ 30	$ 2

PENSION PLANS AND OTHER POSTR70

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, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Amortization of Net Gains (Losses)		$ (83)
Defined Benefit Plan, Future Amortization of Prior Service Cost (Credit)		1
Defined Benefit Plan, Change in Benefit Obligations [Roll Forward]
Defined Benefit Plan, Benefit Obligation, beginning		3,993	$ 4,345
Service cost		39	44	$ 30
Interest cost		131	164	183
Plan amendments		0	4
Actuarial changes in assumptions and experience		155	(178)
Benefits paid		(285)	(293)
Other (1)	[1]	(8)	(93)
Defined Benefit Plan, Benefit Obligation, end		4,025	3,993	4,345
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair Value of Plan Assets, Beginning		3,173	3,543
Actual return on plan assets		165	14
Employer contributions		52	2
Asset transfers (1)	[1]	(8)	(93)
Benefits Paid		(285)	(293)
Fair Value of Plan Assets, Ending		3,097	3,173	3,543
Funded status at end of year		(928)	(820)
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract]
Current liabilities		(2)	(2)
Noncurrent liabilities		(926)	(818)
Net amounts recognized in the consolidated balance sheets		(928)	(820)
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax [Abstract]
Net loss (gain)		2,035	1,902
Prior service credit		(13)	(14)
Pretax balance in AOCI at end of year		2,022	1,888
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Amortization of Net Gains (Losses)		(6)
Defined Benefit Plan, Change in Benefit Obligations [Roll Forward]
Defined Benefit Plan, Benefit Obligation, beginning		276	270
Service cost		1	1	1
Interest cost		8	10	13
Plan amendments		0	0
Actuarial changes in assumptions and experience		4	19
Benefits paid		(25)	(24)
Other (1)		0	0
Defined Benefit Plan, Benefit Obligation, end		264	276	270
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 transfers (1)		0	0
Benefits Paid		0	0
Fair Value of Plan Assets, Ending		0	0	$ 0
Funded status at end of year		(264)	(276)
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract]
Current liabilities		(24)	(26)
Noncurrent liabilities		(240)	(250)
Net amounts recognized in the consolidated balance sheets		(264)	(276)
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax [Abstract]
Net loss (gain)		(69)	(80)
Prior service credit		0	0
Pretax balance in AOCI at end of year		$ (69)	(80)
Insurance Company [Domain] | Defined Benefit Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Settlements, Benefit Obligation			$ 71
[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 POSTR71

PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS (Estimated Future Benefit Payments) (Details) $ in Millions	Dec. 31, 2016USD ($)
Defined Benefit Pension Plans [Member]
Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]
2,017	$ 275
2,018	274
2,019	273
2,020	273
2,021	272
2022 through 2026	1,314
Total	2,681
Other Postretirement Benefits [Member]
Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]
2,017	25
2,018	22
2,019	22
2,020	21
2,021	21
2022 through 2026	88
Total	$ 199

PENSION PLANS AND OTHER POSTR72

PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS (Plan Assets) (Details)	12 Months Ended
	Dec. 31, 2016
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 POSTR73

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, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 3,097	$ 3,173	$ 3,543
Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	346	354
Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,002	2,072
Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	749	747	746
Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	242	174
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	0	1
Cash and Cash Equivalents [Member] | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	242	173
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	544	622
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	346	353
Equity Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	192	264
Equity Securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	6	5	4
U.S. equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	252	272
U.S. equity | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	235	237
U.S. equity | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	17	35
U.S. equity | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Non-U.S. equity - developed countries
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	165	207
Non-U.S. equity - developed countries | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	67	71
Non-U.S. equity - developed countries | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	98	136
Non-U.S. equity - developed countries | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Emerging markets
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	129	140
Emerging markets | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	43	45
Emerging markets | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	80	90
Emerging markets | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	6	5
Convertible bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1
Convertible bonds | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1
Convertible bonds | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0
Convertible bonds | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0
Equity derivatives
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	(3)	3
Equity derivatives | 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 | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	(3)	3
Equity derivatives | 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	1,498	1,552
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	1,421	1,501
Fixed Income Securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	77	51	33
U.S. government and municipalities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	838	574
U.S. government and municipalities | 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 | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	838	574
U.S. government and municipalities | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
U.S. agency mortgage backed securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	50	56
U.S. agency mortgage backed securities | 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 mortgage backed securities | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	50	56
U.S. agency mortgage backed securities | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Corporates - investment grade
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	423	677
Corporates - investment grade | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Corporates - investment grade | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	423	677
Corporates - investment grade | 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
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	4	5
Non-U.S. governments - developed countries | 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 | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	4	5
Non-U.S. governments - developed countries | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Non-U.S. corporates - developed countries
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	81	146
Non-U.S. corporates - developed countries | 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. corporates - developed countries | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	81	146
Non-U.S. corporates - developed countries | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Emerging markets debt
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7	12
Emerging markets debt | 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 markets debt | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7	12
Emerging markets debt | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Other asset-backed securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	33	13
Other asset-backed securities | 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 | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	33	13
Other asset-backed securities | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Other fixed income funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	77	51
Other fixed income funds | 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 | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Other fixed income funds | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	77	51
Fixed income derivatives
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	(16)	15
Fixed income derivatives | 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 derivatives | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	(16)	15
Fixed income derivatives | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
High yield bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1	3
High yield bonds | 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 | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1	3
High yield bonds | 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	807	783
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	160	114
Alternative Investments [Member] | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	647	669	$ 687
Real estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	329	284
Real estate | 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 | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Real estate | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	329	284
Private equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	214	220
Private equity | 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 | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Private equity | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	214	220
Absolute return
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	264	279
Absolute return | 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 | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	160	114
Absolute return | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	104	165
Total other securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	6	42
Total other securities | Quoted Prices in Active Markets for Identical Items (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Total other securities | Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	(13)	20
Total other securities | Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 19	$ 22

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, 2016	Dec. 31, 2015
Pension Plan, Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value of Plan Assets, Beginning	$ 3,173	$ 3,543
Fair Value of Plan Assets, Ending	3,097	3,173
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	747	746
Relating to assets held during the period	(33)	(37)
Relating to assets sold during the period	31	61
Purchases, sales, and settlements	5	(21)
Transfers out of Level 3, net		(1)
Foreign currency impact	(1)	(1)
Fair Value of Plan Assets, Ending	749	747
Equity Securities [Member]
Pension Plan, Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value of Plan Assets, Beginning	622
Fair Value of Plan Assets, Ending	544	622
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	5	4
Relating to assets held during the period	1	2
Relating to assets sold during the period	0	0
Purchases, sales, and settlements	0	0
Transfers out of Level 3, net		(1)
Foreign currency impact	0	0
Fair Value of Plan Assets, Ending	6	5
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	1,552
Fair Value of Plan Assets, Ending	1,498	1,552
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	51	33
Relating to assets held during the period	(6)	(4)
Relating to assets sold during the period	0	1
Purchases, sales, and settlements	32	21
Transfers out of Level 3, net		0
Foreign currency impact	0	0
Fair Value of Plan Assets, Ending	77	51
Alternative Investments [Member]
Pension Plan, Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value of Plan Assets, Beginning	783
Fair Value of Plan Assets, Ending	807	783
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	669	687
Relating to assets held during the period	(30)	(35)
Relating to assets sold during the period	39	60
Purchases, sales, and settlements	(30)	(42)
Transfers out of Level 3, net		0
Foreign currency impact	(1)	(1)
Fair Value of Plan Assets, Ending	647	669
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	2	0
Relating to assets sold during the period	(8)	0
Purchases, sales, and settlements	3	0
Transfers out of Level 3, net		0
Foreign currency impact	0	0
Fair Value of Plan Assets, Ending	$ 19	$ 22

LEASED PROPERTY (Leased Propert

LEASED PROPERTY (Leased Property) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Leases [Abstract]
Operating Leases, Rent Expense, Net	$ 28	$ 29	$ 27
Operating Leases, Future Minimum Payments Due [Abstract]
Future minimum operating lease commitments due during 2017	6
Future minimum operating lease commitments due during 2018	5
Future minimum operating lease commitments due during 2019	5
Future minimum operating lease commitments due during 2020	4
Future minimum operating lease commitments due during 2021	3
Future minimum operating lease commitments due during 2022 and thereafter	8
Total future minimum operating lease commitments	$ 31

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
The Dow Chemical Company [Member]
Related Party Transaction [Line Items]
Service Fee with Parent	10.00%
Notes Receivable, Related Parties	$ 1,400	$ 1,300
Line of Credit Facility, Maximum Borrowing Capacity	1,000
Notes Receivable, Related Parties, Noncurrent	947	940
Proceeds from Dividends Received	0	0	$ 12
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	27	30	26
Estimated Federal Tax Liability, Related Party [Member] | The Dow Chemical Company [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Tax Payment	415	310	579
Retained Earnings [Member]
Related Party Transaction [Line Items]
Dividends declared and paid	500	1,170	1,289
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	1,400	1,700	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	$ 58	$ 63	$ 53

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, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosures [Abstract]
Income (Loss) Before Income Taxes, Domestic	$ 49	$ 1,254	$ 896
Income (Loss) Before Income Taxes, Foreign	8	(11)	(5)
Income (Loss) Before Income Taxes	57	1,243	891
Taxes at U.S. statutory rate	20	435	312
Effective Income Tax Rate Reconciliation, Deduction, Qualified Production Activity, Amount	(8)	(8)	(26)
Unrecognized tax benefits	(26)	24	0
Federal tax accrual adjustments	(7)	(7)	(14)
State and local tax impact	(14)	(11)	42
Other - net	3	2	(10)
Total tax provision (credit)	$ (32)	$ 435	$ 304
Effective tax rate	(56.10%)	35.00%	34.10%

INCOME TAXES (Schedule of Provi

INCOME TAXES (Schedule of Provision (Credit) for Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016		Dec. 31, 2015	Dec. 31, 2014
Income Tax Expense (Benefit), Continuing Operations [Abstract]
Federal, current	$ 265	[1]	$ 373	$ (41)	[1]
State and local, current	(3)		2	(5)
Foreign, current	3		104	1
Total, current	265		479	(45)
Federal, deferred	(285)	[1]	(31)	311	[1]
State and local, deferred	(12)		(13)	38
Foreign, deferred	0		0	0
Total, deferred	(297)		(44)	349
Federal	(20)	[1]	342	270	[1]
State and local	(15)		(11)	33
Foreign	3		104	1
Total tax provision (credit)	$ (32)		$ 435	$ 304
[1]	In 2014, reflects the impact of accelerated deductions.

INCOME TAXES (Schedule of Defer

INCOME TAXES (Schedule of Deferred Tax Balances) (Details) - USD ($) $ in Millions	Dec. 31, 2016		Dec. 31, 2015		Dec. 31, 2014
Property, Deferred Tax Assets	$ 0		$ 0
Property, Deferred Tax Liabilities	183		193
Tax loss and credit carryforwards, Deferred Tax Assets	53		70
Tax loss and credit carryforwards, Deferred Tax Liabilities,	0		0
Postretirement benefit obligations, Deferred Tax Assets	442		407	[1]
Postretirement benefit obligations, Deferred Tax Liabilities	0		0	[1]
Other accruals and reserves, Deferred Tax Assets	611	[2]	297
Other accruals and reserves, Deferred Tax Liabilities	0		0
Inventory, Deferred Tax Assets	14		18	[3]
Inventory, deferred tax liabilities	0		0
Other - net, deferred tax assets	13		7
Other - net, deferred tax liabilities	2		1
Subtotal, deferred tax assets	1,133		799
Total, deferred tax liabilities	185		194
Valuation allowances, deferred tax assets	(20)		(28)
Total, deferred tax assets	1,113		771
Deferred tax assets, prepaid tax assets			5
Operating Loss Carryforwards	681		889
Tax Credit Carryforward, Amount	5		5
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Undistributed Earnings of Foreign Subsidiaries	36		$ 41		$ 50
Expiration 2017 through 2021 [Member]
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	436
Tax Credit Carryforward, Amount	$ 1
[1]	Prior year was adjusted to conform to current year presentation.
[2]	In 2016, the increase is primarily due to the asbestos-related charge.
[3]	The Corporation elected to early adopt ASU 2015-17 in the first quarter of 2016. As a result, prior year was adjusted to reflect the reclassification of prepaid tax assets of $5 million to “Other current assets” in the consolidated balance sheets.

INCOME TAXES (Uncertain Tax Pos

INCOME TAXES (Uncertain Tax Position) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Reconciliation of Total Gross Unrecognized Tax Benefits [Roll Forward]
Gross unrecognized tax benefits, beginning balance	$ 68	$ 1	$ 4
Increases related to positions taken on items from prior years	139	67	0
Settlement of uncertain tax positions with tax authorities	(206)	0	0
Decreases due to expiration of statutes of limitations	0	0	(3)
Gross unrecognized tax benefits, ending balance	1	68	1
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	1	1
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	(36)	37	$ (6)
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued		$ 38
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Estimated Range of Change, Upper Bound	$ 1
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
Other noncurrent obligations [Member]
Income Tax Contingency [Line Items]
Unrecognized Tax Benefits, Decrease Resulting from Current Period Tax Positions	$ 67

ACCUMULATED OTHER COMPREHENSI81

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity Attributable to Parent		$ 1,798	$ 2,301
Translation adjustments		(1)	2	$ 15
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, Tax		(79)	(21)	(165)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost (Credit), Tax		0	(2)	13
Other Comprehensive Income (Loss), Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service (Cost) Credit, Tax		0	(1)	2
Other comprehensive income amortization of net loss included in net periodic pension costs, tax		25	29	25
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity Attributable to Parent		(62)	(61)	(63)	$ (78)
Translation adjustments		(1)	2	(1)
Accumulated Defined Benefit Plans and Other Post Retirement Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity Attributable to Parent		(1,258)	(1,167)	(1,180)	(967)
Net gain (loss) during period (net of tax of $0, $(165), $122)	[1]	(133)	(32)	(273)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax		0	(2)	25
Amortization of prior service cost included in net periodic pension costs (net of tax of $0, $2, $2)	[1]	1	1	(4)
Amortization of net loss included in net periodic pension costs (net of tax of $0, $25, $33)	[1]	43	48	31
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity Attributable to Parent		(1,320)	(1,228)	(1,243)	$ (1,045)
Impact to Sundry income (expense) [Domain]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification to earnings - Sundry income (expense) - net	[2]	$ 0	$ 0	$ 16
[1]	See Note 15 for additional information.
[2]	In 2014, reclassification resulted from the divestiture or liquidation of subsidiaries.

BUSINESS AND GEOGRAPHIC AREAS82

BUSINESS AND GEOGRAPHIC AREAS (Schedule of Revenue by Geographic Area and Other Details) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales to external customers	$ 108	$ 87	$ 82
Long-lived assets	1,394	1,301	1,152
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales to external customers	95	70	62
Long-lived assets	1,353	1,259	1,113
ASIA PACIFIC
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales to external customers	3	3	1
Long-lived assets	10	10	6
REST OF WORLD
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales to external customers	10	14	19
Long-lived assets	$ 31	$ 32	$ 33