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SUPPLEMENTAL FINANCIAL INFORMATION (Tables)
6 Months Ended
Jun. 30, 2015
Net Interest Expense

Net interest expense

 

      Three months ended     Six months ended
     June 30,     June 30,
(in millions)    2015     2014     2015     2014

Interest expense, net of capitalized interest

     $40        $47        $ 75      $ 95 

Interest income

     (6     (5     (11   (10)

Net interest expense

     $34        $42        $ 64      $ 85 

 

Inventories

Inventories

 

      June 30,      December 31,
(in millions)    2015      2014

Raw materials

     $   900       $   910

Work in process

     1,226       1,126

Finished goods

     1,716       1,523

Inventories

     $3,842       $3,559

 

Property, Plant and Equipment, Net

Property, plant and equipment, net

 

      June 30,     December 31,  
(in millions)    2015     2014  

Property, plant and equipment, at cost

     $15,146        $14,808   

Accumulated depreciation

     (6,179     (6,110

Property, plant and equipment (PP&E), net

     $  8,967        $  8,698