DERIVATIVE FINANCIAL INSTRUMENTS (TABLE)

6 Months Ended

Jun. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Assets and Liabilities at Fair Value [Table Text Block]

The following table presents the fair value of derivatives and hedging instruments and the respective location on the Consolidated Balance Sheets (in millions):
				Fair Value at
				June 30,		Dec. 31,
			Location	2014		2013
Derivative assets designated as hedging instruments:
Cash flow hedges:
	Natural gas, electricity and foreign exchange contracts		Other current assets	$	-	$	1
	Amount of gain recognized in OCI (effective portion)		OCI	$	-	$	1
Fair value hedges:
		1
	Interest rate swaps	1	Other non-current assets	$	1	$	-
Derivative liabilities designated as hedging instruments:
Cash flow hedges:
	Natural gas and electricity		Accounts payable and accrued liabilities	$	1	$	-
	Amount of loss recognized in OCI (effective portion)		OCI	$	1	$	-
Fair value hedges:
		1
	Interest rate swaps	1	Other Liabilities	$	-	$	3
Derivative assets not designated as hedging instruments:
	Foreign exchange contracts		Other current assets	$	1	$	-
Derivative liabilities not designated as hedging instruments:
	Foreign exchange contracts		Accounts payable and accrued liabilities	$	1	$	1

Schedule of Fair Value Derivative Instruments Statements of Earnings Location [Table Text Block]

The following table presents the impact and respective location of derivative activities on the Consolidated Statements of Earnings (in millions):
				Three Months Ended				Six Months Ended
				June 30,				June 30,
			Location	2014		2013		2014		2013
Derivative activity designated as hedging instruments:
Natural gas and electricity:
	Amount of (gain) loss reclassified from OCI into
		earnings (effective portion)	Cost of sales	$	-	$	(1)	$	(1)	$	(1)
Interest rate swaps:
	Amount of loss recognized in earnings		Interest expense	$	1	$	-	$	1	$	-
Derivative activity not designated as hedging instruments:
Natural gas and electricity:
	Amount of loss recognized in earnings		Other (income) expenses, net	$	-	$	1	$	-	$	-
Foreign currency exchange contract:
	Amount of loss recognized in earnings (a)		Other (income) expenses, net	$	2	$	2	$	1	$	10
(a)	Losses related to foreign currency derivatives were substantially offset by net revaluation impacts on foreign denominated balance sheet exposures, which were also recorded in other (income) expenses, net.