PROPERTY, PLANT AND EQUIPMENT (TABLE)

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

The range of useful lives for the major components of the Company’s plant and equipment is as follows:

Buildings and leasehold improvements	15 – 40 years
Machinery and equipment
Furnaces	4 – 15 years
Information systems	5 – 10 years
Equipment	5 – 20 years

Property, plant and equipment consist of the following (in millions):

	December 31, 2016			December 31, 2015
Land	$	189		$	186
Buildings and leasehold improvements	874			788
Machinery and equipment	3,818			3,478
Construction in progress	250			359
	5,131			4,811
Accumulated depreciation	(2,019		)	(1,855		)
Property, plant and equipment, net	$	3,112		$	2,956