Annual report pursuant to Section 13 and 15(d)

PENSION AND OTHER POSTRETIREMENT BENEFITS - FAIR VALUE OF PLAN ASSETS (Details 4)

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PENSION AND OTHER POSTRETIREMENT BENEFITS - FAIR VALUE OF PLAN ASSETS (Details 4) - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
U.S. Plans      
Pension and other postretirement benefits      
Fair value of plan assets $ 2,751 $ 2,636 $ 2,713
Total Fair Value of Defined Benefit Plan assets subject to leveling 1,738 1,559  
Pending Trade Purchases, Sales (83) (27)  
Accrued Investment Income Receivable [1] 12 10  
Fair Value of Plan Assets Measured on Recurring Basis 1,084 1,094  
U.S. Plans | U.S. Equity      
Pension and other postretirement benefits      
Fair value of plan assets 145 96  
U.S. Plans | Non-U.S. Equity      
Pension and other postretirement benefits      
Fair value of plan assets 125 130  
U.S. Plans | Global Equities      
Pension and other postretirement benefits      
Fair Value of Plan Assets Measured on Recurring Basis 511 335  
U.S. Plans | US Treasury and Government      
Pension and other postretirement benefits      
Fair value of plan assets 570 533  
Fair Value of Plan Assets Measured on Recurring Basis 178 287  
U.S. Plans | Domestic Corporate Debt Securities      
Pension and other postretirement benefits      
Fair value of plan assets 497 406  
U.S. Plans | Foreign Corporate Debt Securities      
Pension and other postretirement benefits      
Fair value of plan assets 84 80  
U.S. Plans | U.S. and non-U.S. corporate debt      
Pension and other postretirement benefits      
Fair Value of Plan Assets Measured on Recurring Basis 265 346  
U.S. Plans | Real estate      
Pension and other postretirement benefits      
Fair Value of Plan Assets Measured on Recurring Basis 129 119  
U.S. Plans | Asset-backed Securities      
Pension and other postretirement benefits      
Fair value of plan assets 58 56  
Fair Value of Plan Assets Measured on Recurring Basis 1 7  
U.S. Plans | Cash Equivalents      
Pension and other postretirement benefits      
Fair value of plan assets [2] 38 52  
U.S. Plans | Derivative      
Pension and other postretirement benefits      
Fair value of plan assets [3] 9 3  
U.S. Plans | Private Equity and Real Estate      
Pension and other postretirement benefits      
Fair value of plan assets [4] 212 203  
U.S. Plans | Fair Value, Inputs, Level 1      
Pension and other postretirement benefits      
Fair value of plan assets 288 268  
U.S. Plans | Fair Value, Inputs, Level 1 | U.S. Equity      
Pension and other postretirement benefits      
Fair value of plan assets 145 96  
U.S. Plans | Fair Value, Inputs, Level 1 | Non-U.S. Equity      
Pension and other postretirement benefits      
Fair value of plan assets 125 130  
U.S. Plans | Fair Value, Inputs, Level 1 | Cash Equivalents      
Pension and other postretirement benefits      
Fair value of plan assets [2] 18 42  
U.S. Plans | Significant other observable inputs Level 2      
Pension and other postretirement benefits      
Fair value of plan assets 1,238 1,088  
U.S. Plans | Significant other observable inputs Level 2 | US Treasury and Government      
Pension and other postretirement benefits      
Fair value of plan assets 570 533  
U.S. Plans | Significant other observable inputs Level 2 | Domestic Corporate Debt Securities      
Pension and other postretirement benefits      
Fair value of plan assets 497 406  
U.S. Plans | Significant other observable inputs Level 2 | Foreign Corporate Debt Securities      
Pension and other postretirement benefits      
Fair value of plan assets 84 80  
U.S. Plans | Significant other observable inputs Level 2 | Asset-backed Securities      
Pension and other postretirement benefits      
Fair value of plan assets 58 56  
U.S. Plans | Significant other observable inputs Level 2 | Cash Equivalents      
Pension and other postretirement benefits      
Fair value of plan assets [2] 20 10  
U.S. Plans | Significant other observable inputs Level 2 | Derivative      
Pension and other postretirement benefits      
Fair value of plan assets [3] 9 3  
U.S. Plans | Fair Value, Inputs, Level 3      
Pension and other postretirement benefits      
Fair value of plan assets 212 203 202
U.S. Plans | Fair Value, Inputs, Level 3 | Real estate      
Pension and other postretirement benefits      
Fair value of plan assets 64 60 54
U.S. Plans | Fair Value, Inputs, Level 3 | Private Equity and Real Estate      
Pension and other postretirement benefits      
Fair value of plan assets [4] 212 203  
Non-U.S. Plans      
Pension and other postretirement benefits      
Fair value of plan assets 1,753 1,712 1,724
Total Fair Value of Defined Benefit Plan assets subject to leveling 1,004 1,198  
Fair Value of Plan Assets Measured on Recurring Basis 749 514  
Non-U.S. Plans | U.S. Equity      
Pension and other postretirement benefits      
Fair value of plan assets 174 250  
Non-U.S. Plans | Non-U.S. Equity      
Pension and other postretirement benefits      
Fair value of plan assets 193 269  
Non-U.S. Plans | Foreign Corporate Debt Securities      
Pension and other postretirement benefits      
Fair value of plan assets   45  
Non-U.S. Plans | U.S. and non-U.S. corporate debt      
Pension and other postretirement benefits      
Fair Value of Plan Assets Measured on Recurring Basis 655 458  
Non-U.S. Plans | Cash Equivalents      
Pension and other postretirement benefits      
Fair value of plan assets [5] 24 33  
Non-U.S. Plans | Private Equity Real Estate and Insurance      
Pension and other postretirement benefits      
Fair value of plan assets [6] 613 601  
Non-U.S. Plans | Reinsurance      
Pension and other postretirement benefits      
Fair Value of Plan Assets Measured on Recurring Basis 56 56  
Non-U.S. Plans | Managed Futures Funds      
Pension and other postretirement benefits      
Fair Value of Plan Assets Measured on Recurring Basis 38 0  
Non-U.S. Plans | Fair Value, Inputs, Level 1      
Pension and other postretirement benefits      
Fair value of plan assets 24 33  
Non-U.S. Plans | Fair Value, Inputs, Level 1 | Cash Equivalents      
Pension and other postretirement benefits      
Fair value of plan assets [5] 24 33  
Non-U.S. Plans | Significant other observable inputs Level 2      
Pension and other postretirement benefits      
Fair value of plan assets 367 564  
Non-U.S. Plans | Significant other observable inputs Level 2 | U.S. Equity      
Pension and other postretirement benefits      
Fair value of plan assets 174 250  
Non-U.S. Plans | Significant other observable inputs Level 2 | Non-U.S. Equity      
Pension and other postretirement benefits      
Fair value of plan assets 193 269  
Non-U.S. Plans | Significant other observable inputs Level 2 | Foreign Corporate Debt Securities      
Pension and other postretirement benefits      
Fair value of plan assets   45  
Non-U.S. Plans | Fair Value, Inputs, Level 3      
Pension and other postretirement benefits      
Fair value of plan assets 613 601 604
Non-U.S. Plans | Fair Value, Inputs, Level 3 | Real estate      
Pension and other postretirement benefits      
Fair value of plan assets 57 57 $ 61
Non-U.S. Plans | Fair Value, Inputs, Level 3 | Private Equity Real Estate and Insurance      
Pension and other postretirement benefits      
Fair value of plan assets [6] $ 613 $ 601  
[1] Accruals include interest or dividends that were not settled at December 31.
[2] Cash equivalents include commercial paper, short-term government/agency, mortgage and credit instruments.
[3] Derivative instruments include interest rate swaps and credit default swaps.
[4] The instruments in private equity, real estate and insurance funds, for which quoted market prices are not available, are valued at their estimated fair value as determined by applicable investment managers or by audited financial statement of the funds.
[5] Cash equivalents include commercial paper, short-term government/agency, mortgage and credit instruments.
[6] The instruments in private equity, real estate and insurance funds, for which quoted market prices are not available, are valued at their estimated fair value as determined by applicable investment managers or by audited financial statement of the funds.