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PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS (Tables)
12 Months Ended
Dec. 31, 2010
Defined Benefit Plan Disclosure [Line Items] 
Schedule of Pension Plan Disclosure
Basis of Fair Value Measurements of Pension Plan Assets
at December 31, 2009
 
Quoted Prices
in Active
Markets for
Identical Items

 
Significant
Other
Observable
Inputs

 
Significant
Unobservable
Inputs

 
  
In millions
 
(Level 1)

 
(Level 2)

 
(Level 3)

 
Total

Cash and cash equivalents
 
$
100

 
$
730

 
$

 
$
830

Equity securities:
 
 
 
 
 
 
 
 
U.S. equity (1)
 
$
1,774

 
$
142

 
$

 
$
1,916

Non-U.S. equity – developed countries
 
2,203

 
922

 

 
3,125

Emerging markets
 
668

 
490

 

 
1,158

Equity derivatives
 
1

 
9

 

 
10

Total equity securities
 
$
4,646

 
$
1,563

 
$

 
$
6,209

Fixed income securities:
 
 
 
 
 
 
 
 
U.S. government and municipalities
 
$

 
$
991

 
$

 
$
991

U.S. agency and agency mortgage-backed securities
 

 
300

 

 
300

Corporate bonds – investment grade
 

 
1,242

 

 
1,242

Non-U.S. governments – developed countries
 

 
463

 

 
463

Non-U.S. corporate bonds – developed countries
 

 
557

 

 
557

Emerging market debt
 

 
30

 

 
30

Other asset-backed securities
 

 
156

 
25

 
181

Convertible bonds
 
50

 
386

 

 
436

High yield bonds
 

 
176

 
25

 
201

Other fixed income funds
 

 
878

 

 
878

Fixed income derivatives
 
(7
)
 
(36
)
 

 
(43
)
Total fixed income securities
 
$
43

 
$
5,143

 
$
50

 
$
5,236

Alternative investments:
 
 
 
 
 
 
 
 
Real estate
 
$
26

 
$
46

 
$
561

 
$
633

Private equity
 

 

 
802

 
802

Absolute return
 

 
350

 
95

 
445

Total alternative investments
 
$
26

 
$
396

 
$
1,458

 
$
1,880

Other
 
$

 
$
391

 
$
43

 
$
434

Total assets at fair value
 
$
4,815

 
$
8,223

 
$
1,551

 
$
14,589

(1) Includes $11 million of the Company’s common stock.
Basis of Fair Value Measurements of Pension Plan Assets
at December 31, 2010
 
Quoted Prices
in Active
Markets for
Identical Items

 
Significant
Other
Observable
Inputs

 
Significant
Unobservable
Inputs

 
  
In millions
 
(Level 1)

 
(Level 2)

 
(Level 3)

 
Total

Cash and cash equivalents
 
$
56

 
$
751

 
$

 
$
807

Equity securities:
 
 
 
 
 
 
 
 
U.S. equity (1)
 
$
2,038

 
$
167

 
$

 
$
2,205

Non-U.S. equity – developed countries
 
2,300

 
932

 

 
3,232

Emerging markets
 
759

 
469

 

 
1,228

Equity derivatives
 
8

 
3

 

 
11

Total equity securities
 
$
5,105

 
$
1,571

 
$

 
$
6,676

Fixed income securities:
 
 
 
 
 
 
 
 
U.S. government and municipalities
 
$

 
$
961

 
$

 
$
961

U.S. agency and agency mortgage-backed securities
 

 
385

 

 
385

Corporate bonds – investment grade
 

 
1,313

 

 
1,313

Non-U.S. governments – developed countries
 

 
643

 

 
643

Non-U.S. corporate bonds – developed countries
 

 
897

 

 
897

Emerging market debt
 

 
51

 

 
51

Other asset-backed securities
 

 
217

 
13

 
230

Convertible bonds
 
32

 
385

 

 
417

High yield bonds
 
14

 
279

 
17

 
310

Other fixed income funds
 

 
208

 
20

 
228

Fixed income derivatives
 

 
(11
)
 

 
(11
)
Total fixed income securities
 
$
46

 
$
5,328

 
$
50

 
$
5,424

Alternative investments:
 
 
 
 
 
 
 
 
Real estate
 
$
29

 
$
45

 
$
727

 
$
801

Private equity
 

 

 
997

 
997

Absolute return
 

 
395

 
303

 
698

Total alternative investments
 
$
29

 
$
440

 
$
2,027

 
$
2,496

Other
 
$

 
$
408

 
$
40

 
$
448

Total assets at fair value
 
$
5,236

 
$
8,498

 
$
2,117

 
$
15,851

(1) Includes $13 million of the Company’s common stock.
Schedule of Net Benefit Costs [Table Text Block]
Net Periodic Benefit Cost for All Significant Plans
 
 
Defined Benefit Pension Plans
 
Other Postretirement Benefits
In millions
 
2010

 
2009

 
2008

 
2010

 
2009

 
2008

Service cost
 
$
309

 
$
270

 
$
264

 
$
15

 
$
16

 
$
18

Interest cost
 
1,098

 
1,081

 
961

 
111

 
138

 
117

Expected return on plan assets
 
(1,212
)
 
(1,254
)
 
(1,232
)
 
(10
)
 
(17
)
 
(29
)
Amortization of prior service cost (credit)
 
28

 
31

 
32

 

 
(3
)
 
(4
)
Amortization of unrecognized loss (gain)
 
268

 
106

 
43

 
(1
)
 
(1
)
 
(1
)
Curtailment/settlement/other costs (1)
 
11

 
13

 
54

 
3

 

 
34

Net periodic benefit cost
 
$
502

 
$
247

 
$
122

 
$
118

 
$
133

 
$
135

(1) Includes $11 million of curtailment and settlement costs recorded in 2010 related to the divestiture of Styron (see Note E). See Note C for information regarding curtailment and settlement costs recorded in 2009 and 2008.

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
 Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
 for All Significant Plans
 
 
Defined Benefit Pension Plans
 
Other Postretirement Benefits
 In millions
 
2010

 
2009

 
2008

 
2010

 
2009

 
2008

Net loss (gain)
 
$
591

 
$
804

 
$
4,669

 
$
59

 
$
(114
)
 
$
23

Prior service cost
 
2

 
2

 
4

 

 

 

Amortization of prior service (cost) credit
 
(36
)
 
(31
)
 
(32
)
 
(3
)
 
3

 
4

Amortization of unrecognized (loss) gain
 
(271
)
 
(119
)
 
(43
)
 
1

 
1

 
1

Total recognized in other comprehensive loss (income)
 
$
286

 
$
656

 
$
4,598

 
$
57

 
$
(110
)
 
$
28

Total recognized in net periodic benefit cost and other comprehensive loss
 
$
788

 
$
903

 
$
4,720

 
$
175

 
$
23

 
$
163

Schedule of Change in Projected Benefit Obligations, Plan Assets and Funded Status of All Significant Plans [Table Text Block]
Change in Projected Benefit Obligations, Plan Assets and Funded Status of All Significant Plans
In millions
 
Defined
Benefit Pension  Plans
 
Other Postretirement Benefits
Change in projected benefit obligations
 
2010

 
2009

 
2010

 
2009

Benefit obligation at beginning of year
 
$
19,914

 
$
15,573

 
$
2,079

 
$
1,821

Service cost
 
309

 
270

 
15

 
16

Interest cost
 
1,098

 
1,081

 
111

 
138

Plan participants’ contributions
 
22

 
27

 

 

Amendments
 
2

 
2

 

 

Actuarial changes in assumptions and experience
 
1,133

 
1,718

 
68

 
(75
)
Acquisition/divestiture/other activity
 
(53
)
 
2,175

 
(1
)
 
336

Benefits paid
 
(1,148
)
 
(1,239
)
 
(180
)
 
(171
)
Currency impact
 
(86
)
 
307

 
3

 
14

Termination benefits/curtailment cost
 
(33
)
 

 

 

Benefit obligations at end of year
 
$
21,158

 
$
19,914

 
$
2,095

 
$
2,079

 
 
 
 
 
 
 
 
 
Change in plan assets
 
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
 
$
14,589

 
$
11,573

 
$
367

 
$
368

Actual return on plan assets
 
1,724

 
2,155

 
17

 
56

Currency impact
 
(28
)
 
279

 

 

Employer contributions
 
708

 
355

 
(60
)
 

Plan participants’ contributions
 
22

 
27

 

 

Acquisition/divestiture/other activity
 
(16
)
 
1,439

 

 
18

Benefits paid
 
(1,148
)
 
(1,239
)
 
(86
)
 
(75
)
Fair value of plan assets at end of year
 
$
15,851

 
$
14,589

 
$
238

 
$
367

 
 
 
 
 
 
 
 
 
Funded status at end of year
 
$
(5,307
)
 
$
(5,325
)
 
$
(1,857
)
 
$
(1,712
)
 
 
 
 
 
 
 
 
 
Net amounts recognized in the consolidated balance sheets at December 31:
Noncurrent assets
 
$
235

 
$
110

 
$

 
$

Current liabilities
 
(58
)
 
(54
)
 
(88
)
 
(89
)
Noncurrent liabilities
 
(5,484
)
 
(5,381
)
 
(1,769
)
 
(1,623
)
Net amounts recognized in the consolidated balance sheets
 
$
(5,307
)
 
$
(5,325
)
 
$
(1,857
)
 
$
(1,712
)
 
 
 
 
 
 
 
 
 
Pretax amounts recognized in AOCI at December 31:
 
 
 
 
 
 
 
 
Net loss (gain)
 
$
6,696

 
$
6,376

 
$
(26
)
 
$
(86
)
Prior service cost (credit)
 
182

 
216

 
(16
)
 
(13
)
Pretax balance in AOCI at end of year
 
$
6,878

 
$
6,592

 
$
(42
)
 
$
(99
)
Schedule of Expected Benefit Payments [Table Text Block]
Estimated Future Benefit Payments at December 31, 2010
 In millions
 
Defined Benefit Pension Plans

 
Other Postretirement Benefits

2011
 
$
1,330

 
$
194

2012
 
1,156

 
189

2013
 
1,168

 
180

2014
 
1,191

 
172

2015
 
1,218

 
166

2016 through 2020
 
6,646

 
773

Total
 
$
12,709

 
$
1,674


Schedule of Allocation of Plan Assets [Table Text Block]
 Strategic Weighted-Average Target Allocation of Plan
Assets for All Significant Plans
 Asset Category
Target Allocation

Equity securities
45
%
Fixed Income securities
35
%
Alternative investments
15
%
Other investments
5
%
Total
100
%
Defined Benefit Pension Plans [Member]
 
Defined Benefit Plan Disclosure [Line Items] 
Schedule of Assumptions Used [Table Text Block]
 Weighted-Average Assumptions
 for All Pension Plans
 
Benefit Obligations
at December 31
 
Net Periodic Costs
for the Year
  
 
2010

 
2009

 
2010

 
2009

Discount rate
 
5.38
%
 
5.71
%
 
5.71
%
 
6.53
%
Rate of increase in future compensation levels
 
4.13
%
 
4.14
%
 
4.17
%
 
4.01
%
Expected long-term rate of return on plan assets
 

 

 
7.74
%
 
8.03
%
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]
 Pension Plans with Accumulated Benefit Obligations in Excess
 of Plan Assets at December 31
In millions
 
2010

 
2009

Projected benefit obligations
 
$
18,424

 
$
18,113

Accumulated benefit obligations
 
$
17,571

 
$
17,277

Fair value of plan assets
 
$
12,912

 
$
12,679

Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]
Fair Value Measurement of Level 3 Pension
Plan Assets
 
Equity Securities

 
Fixed Income Securities

 
Alternative Investments

 
Other Securities

 
Total

In millions
Balance at January 1, 2009
 
$
3

 
$
28

 
$
1,242

 
$
20

 
$
1,293

Acquisitions and divestitures
 

 
44

 
257

 
20

 
321

Actual return on plan assets:
 
 
 
 
 
 
 
 
 
 
Relating to assets sold during 2009
 
(16
)
 
(6
)
 
(23
)
 

 
(45
)
Relating to assets held at Dec. 31, 2009
 
16

 
13

 
(121
)
 
2

 
(90
)
Purchases, sales and settlements
 
(3
)
 
(29
)
 
99

 
1

 
68

Foreign currency impact
 

 

 
4

 

 
4

Balance at December 31, 2009
 
$

 
$
50

 
$
1,458

 
$
43

 
$
1,551

Actual return on plan assets:
 
 
 
 
 
 
 
 
 
 
Relating to assets sold during 2010
 
$
(3
)
 
$
2

 
$
32

 
$

 
$
31

Relating to assets held at Dec. 31, 2010
 
2

 
2

 
162

 
(1
)
 
165

Purchases, sales and settlements
 
1

 
(6
)
 
379

 
(2
)
 
372

Transfers into Level 3, net
 

 
2

 
1

 

 
3

Foreign currency impact
 

 

 
(5
)
 

 
(5
)
Balance at December 31, 2010
 
$

 
$
50

 
$
2,027

 
$
40

 
$
2,117

Defined Benefit Pension Plans, U.S.
 
Defined Benefit Plan Disclosure [Line Items] 
Schedule of Assumptions Used [Table Text Block]
 Weighted-Average Assumptions
 for U.S. Pension Plans
 
Benefit Obligations
at December 31
 
Net Periodic Costs
for the Year
  
 
2010

 
2009

 
2010

 
2009

Discount rate
 
5.51
%
 
5.97
%
 
5.97
%
 
6.82
%
Rate of increase in future compensation levels
 
4.50
%
 
4.50
%
 
4.50
%
 
4.31
%
Expected long-term rate of return on plan assets
 

 

 
8.16
%
 
8.46
%
Other Postretirement Benefits [Member]
 
Defined Benefit Plan Disclosure [Line Items] 
Schedule of Pension Plan Disclosure
Basis of Fair Value Measurements of Other
Postretirement Benefit Plan Assets at

 
Quoted Prices
in Active
Markets for
Identical Items

 
Significant
Other
Observable
Inputs

 
  
December 31, 2010
 In millions
 
(Level 1)

 
(Level 2)

 
Total

Cash and cash equivalents
 
$

 
$
39

 
$
39

Equity securities (1)
 
66

 

 
66

Fixed income securities
 
4

 
129

 
133

Total assets at fair value
 
$
70

 
$
168

 
$
238

(1) Includes no common stock of the Company.

Basis of Fair Value Measurements of Other
Postretirement Benefit Plan Assets at

 
Quoted Prices
in Active
Markets for
Identical Items

 
Significant
Other
Observable
Inputs

 
  
December 31, 2009
 In millions
 
(Level 1)

 
(Level 2)

 
Total

Cash and cash equivalents
 
$

 
$
74

 
$
74

Equity securities (1)
 
82

 

 
82

Fixed income securities
 
3

 
208

 
211

Total assets at fair value
 
$
85

 
$
282

 
$
367

(1) Includes no common stock of the Company.

United States Postretirement Benefit Plans of US Entity, Defined Benefit [Member]
 
Defined Benefit Plan Disclosure [Line Items] 
Schedule of Assumptions Used [Table Text Block]
 U.S. Plan Assumptions for Other
 Postretirement Benefits
 
Benefit Obligations
at December 31
 
Net Periodic Costs
for the Year
  
 
2010

 
2009

 
2010

 
2009

Discount rate
 
5.15
%
 
5.69
%
 
5.69
%
 
7.11
%
Expected long-term rate of return on plan assets
 

 

 
4.35
%
 
5.15
%
Initial health care cost trend rate
 
8.70
%
 
9.13
%
 
9.13
%
 
9.71
%
Ultimate health care cost trend rate
 
5.00
%
 
5.00
%
 
5.00
%
 
6.00
%
Year ultimate trend rate to be reached
 
2019

 
2019

 
2019

 
2018

Rohm And Haas [Member]
 
Defined Benefit Plan Disclosure [Line Items] 
Schedule of Pension Plan Disclosure
 Plan Assets and Obligations Acquired from Rohm and Haas
 on April 1, 2009 (1)
 In millions
 
Defined Benefit Pension Plans

 
Other Postretirement Benefits

Fair value of plan assets
 
$
1,439

 
$
18

Projected benefit obligation
 
$
2,168

 
$
338

(1)
Does not include plan assets and obligations of Morton that were sold to K+S on October 1, 2009; see Note E.