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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2015
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 December 31, 2015
 
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:
 
 
 
 
 
 
 
 
 
Cash equivalents (2)
$
—

 
$
5,043

 
$
—

 
$
—

 
$
5,043

Interests in trade accounts receivable conduits (3)
—

 
—

 
943

 
—

 
943

Equity securities (4)
564

 
39

 
—

 
—

 
603

Debt securities: (4)
 
 
 
 
 
 
 
 
 
Government debt (5)
—

 
612

 
—

 
—

 
612

Corporate bonds
—

 
651

 
—

 
—

 
651

Derivatives relating to: (6)
 
 
 
 
 
 
 
 
 
Commodities
5

 
2

 
—

 
(1
)
 
6

Foreign currency
—

 
161

 
—

 
(52
)
 
109

Total assets at fair value
$
569


$
6,508

 
$
943

 
$
(53
)
 
$
7,967

Liabilities at fair value:
 
 
 
 
 
 
 
 
 
Long-term debt (7)
$
—

 
$
18,000

 
$
—

 
$
—

 
$
18,000

Derivatives relating to: (6)
 
 
 
 
 
 
 
 
 
Interest rates
—

 
4

 
—

 
—

 
4

Commodities
6

 
256

 
—

 
(14
)
 
248

Foreign currency
—

 
84

 
—

 
(52
)
 
32

Total liabilities at fair value
$
6


$
18,344

 
$
—


$
(66
)

$
18,284


(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)
Treasury Bills and money market funds included in "Cash and cash equivalents" in the consolidated balance sheets and held at amortized cost, which approximates fair value.
(3)
Included in "Accounts and notes receivable – Other" in the consolidated balance sheets. See Note 16 for additional information on transfers of financial assets.
(4)
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.
(5)
U.S. Treasury obligations, U.S. agency obligations, agency mortgage-backed securities and other municipalities’ obligations.
(6)
See Note 11 for the classification of derivatives in the consolidated balance sheets.
(7)
See Note 11 for information on fair value measurements of long-term debt.

Basis of Fair Value Measurements
on a Recurring Basis
at December 31, 2014
 
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:
 
 
 
 
 
 
 
 
 
Cash equivalents (2)
$
—

 
$
2,705

 
$
—

 
$
—

 
$
2,705

Interests in trade accounts receivable conduits (3)
—

 
—

 
1,328

 
—

 
1,328

Equity securities (4)
692

 
36

 
—

 
—

 
728

Debt securities: (4)
 
 
 
 
 
 
 
 
 
Government debt (5)
—

 
584

 
—

 
—

 
584

Corporate bonds
—

 
697

 
—

 
—

 
697

Derivatives relating to: (6)
 
 
 
 
 
 
 
 
 
Commodities
—

 
6

 
—

 
(3
)
 
3

Foreign currency
—

 
116

 
—

 
(90
)
 
26

Total assets at fair value
$
692

 
$
4,144

 
$
1,328

 
$
(93
)
 
$
6,071

Liabilities at fair value:
 
 
 
 
 
 
 
 
 
Long-term debt (7)
$
—

 
$
21,450

 
$
—

 
$
—

 
$
21,450

Derivatives relating to: (6)
 
 
 
 
 
 
 
 
 
   Interest Rates
—

 
12

 
—

 
—

 
12

Commodities
9

 
99

 
—

 
(27
)
 
81

Foreign currency 
—

 
161

 
—

 
(90
)
 
71

Total liabilities at fair value
$
9

 
$
21,722

 
$
—

 
$
(117
)
 
$
21,614

(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)
Treasury Bills and money market funds included in "Cash and cash equivalents" in the consolidated balance sheets and held at amortized cost, which approximates fair value.
(3)
Included in "Accounts and notes receivable – Other" in the consolidated balance sheets. See Note 16 for additional information on transfers of financial assets.
(4)
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.
(5)
U.S. Treasury obligations, U.S. agency obligations, agency mortgage-backed securities and other municipalities’ obligations.
(6)
See Note 11 for the classification of derivatives in the consolidated balance sheets.
(7)
See Note 11 for information on fair value measurements of long-term debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

Fair Value Measurements Using Level 3 Inputs for Interests Held in Trade Receivable Conduits (1)
2015

 
2014

In millions
Balance at January 1
$
1,328

 
$
1,227

Gain included in earnings (2)
2

 
9

Purchases
647

 
1,171

Settlements
(1,034
)
 
(1,079
)
Balance at December 31
$
943

 
$
1,328


(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
 
Significant
Other
Unobservable
Inputs

 



Total

In millions
 
(Level 3)

 
Losses

2015
 
 
 
 
Assets at fair value:
 
 
 
 
Long-lived assets, equity method investments, investments and other assets
 
$
24

 
$
(313
)
2014
 
 
 
 
Assets at fair value:
 
 
 
 
Long-lived assets and other assets
 
$
4

 
$
(73
)
2013
 
 
 
 
Assets at fair value:
 
 
 
 
Long-lived assets, other assets and equity method investments
 
$
127

 
$
(178
)