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CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Receivables, discounts and allowances $ 3 $ 3
Property and equipment, accumulated depreciation $ 6,294 $ 6,324
Common shares, par value $ 1.25 $ 1.25
Common shares, authorized 1,360,000,000 1,360,000,000
Common shares, issued 510,483,285 524,474,315
Common shares, outstanding 510,483,285 524,474,315
6.375 percent Mandatory Convertible Preference Shares, Series A    
Preference shares, par value $ 1.00 $ 1.00
Preference shares, liquidation $ 50.00 $ 50.00
Preference shares, authorized 40,000,000 40,000,000
Preference shares, issued 13,799,711 13,800,000
Preference shares, outstanding 13,799,711 13,800,000