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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.