FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Basis of Fair Value Measurements on a Recurring Basis at September 30, 2012 In millions	Quoted Prices in Active Markets for Identical Items (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Counterparty and Cash Collateral Netting (1)			Total
Assets at fair value:
Interests in trade accounts receivable conduits (2)	$	—	$	—	$	1,343	$	—		$	1,343
Equity securities (3)	679		36		—		—			715
Debt securities: (3)
Government debt (4)	—		584		—		—			584
Corporate bonds	—		769		—		—			769
Derivatives relating to: (5)
Commodities	13		26		—		(5		)	34
Foreign currency	—		46		—		(23		)	23
Total assets at fair value	$	692	$	1,461	$	1,343	$	(28	)	$	3,468
Liabilities at fair value:
Long-term debt (6)	$	—	$	23,219	$	—	$	—		$	23,219
Derivatives relating to: (5)
Interest rates	—		7		—		—			7
Commodities	14		5		—		(17		)	2
Foreign currency	—		72		—		(23		)	49
Total liabilities at fair value	$	14	$	23,303	$	—	$	(40	)	$	23,277

Basis of Fair Value Measurements on a Recurring Basis at December 31, 2011 In millions	Quoted Prices in Active Markets for Identical Items (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Counterparty and Cash Collateral Netting (1)			Total
Assets at fair value:
Interests in trade accounts receivable conduits (2)	$	—	$	—	$	1,141	$	—		$	1,141
Equity securities (3)	634		33		—		—			667
Debt securities: (3)
Government debt (4)	—		618		—		—			618
Corporate bonds	—		723		—		—			723
Derivatives relating to: (5)
Commodities	10		14		—		(8		)	16
Foreign currency	—		75		—		(44		)	31
Total assets at fair value	$	644	$	1,463	$	1,141	$	(52	)	$	3,196
Liabilities at fair value:
Long-term debt (6)	$	—	$	23,789	$	—	$	—		$	23,789
Derivatives relating to: (5)
Commodities	13		7		—		(19		)	1
Foreign currency	—		61		—		(44		)	17
Total liabilities at fair value	$	13	$	23,857	$	—	$	(63	)	$	23,807

(1) Cash collateral amounts represent the estimated net settlement amount when applying netting and set-off rights included in master netting arrangements between the Company and its counterparties and the payable or receivable for cash collateral held or placed with the same counterparty.

(2) Included in “Accounts and notes receivable – Other” in the consolidated balance sheets. See Note J for additional information on transfers of financial assets.

(3) The Company’s investments in equity and debt securities are primarily classified as available-for-sale and are included in “Other investments” in the consolidated balance sheets.

(4) U.S. Treasury obligations, U.S. agency obligations, agency mortgage-backed securities and other municipalities’ obligations.

(5) See Note G for the classification of derivatives in the consolidated balance sheets.

(6) See Note G for information on fair value adjustments to long-term debt, included at cost in the consolidated balance sheets.

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

Fair Value Measurements Using Level 3 Inputs	Three Months Ended						Nine Months Ended
Interests Held in Trade Receivable Conduits(1) In millions	Sep 30, 2012			Sep 30, 2011			Sep 30, 2012			Sep 30, 2011
Balance at beginning of period	$	1,220		$	1,389		$	1,141		$	1,267
Loss included in earnings (2)	(2		)	(1		)	(4		)	(6		)
Purchases	343			149			2,396			1,500
Settlements	(218		)	(292		)	(2,190		)	(1,516		)
Balance at September 30	$	1,343		$	1,245		$	1,343		$	1,245

(1) Included in “Accounts and notes receivable – Other” in the consolidated balance sheets.

(2) Included in “Selling, general and administrative expenses” in the consolidated statements of income.

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]

Basis of Fair Value Measurements on a Nonrecurring Basis at September 30, 2012	Significant Other Unobservable Inputs		Total Losses
In millions	(Level 3)		2012
Assets at fair value:
Long-lived assets and other assets	$	10	$	(123	)