EMPLOYEE BENEFITS (Tables)

6 Months Ended

Jun. 30, 2016

Defined Benefit Plan Disclosure [Line Items]

Components of net periodic benefit cost

	Pension						Postretirement
		U.S.		Non-U.S.				U.S.		Non-U.S.
(in millions)		Plans		Plans		Total		Plans		Plans		Total
Three Months Ended June 30, 2016
Components of net periodic benefit cost:
Service cost	$	5	$	7	$	12	$	-	$	1	$	1
Interest cost		45		5		50		2		1		3
Expected return on assets		(74)		(6)		(80)		-		-		-
Amortization of prior service credit		-		-		-		(3)		-		(3)
Amortization of net loss		6		2		8		-		-		-
Curtailment gain		-		(1)		(1)		-		-		-
Net periodic benefit (income) cost	$	(18)	$	7	$	(11)	$	(1)	$	2	$	1
Three Months Ended June 30, 2015
Components of net periodic benefit cost:
Service cost	$	51	$	10	$	61	$	1	$	1	$	2
Interest cost		55		6		61		2		-		2
Expected return on assets		(72)		(6)		(78)		-		-		-
Amortization of prior service credit		(8)		-		(8)		(2)		-		(2)
Amortization of net loss		33		2		35		-		-		-
Curtailment gain		-		(1)		(1)		-		-		-
Net periodic benefit cost	$	59	$	11	$	70	$	1	$	1	$	2
Six Months Ended June 30, 2016
Components of net periodic benefit cost:
Service cost	$	9	$	15	$	24	$	1	$	2	$	3
Interest cost		91		10		101		3		2		5
Expected return on assets		(147)		(13)		(160)		-		-		-
Amortization of prior service credit		-		-		-		(5)		-		(5)
Amortization of net loss		12		4		16		-		-		-
Curtailment gain		-		(3)		(3)		-		-		-
Net periodic benefit (income) cost	$	(35)	$	13	$	(22)	$	(1)	$	4	$	3
Six Months Ended June 30, 2015
Components of net periodic benefit cost:
Service cost	$	103	$	21	$	124	$	3	$	2	$	5
Interest cost		110		12		122		4		1		5
Expected return on assets		(144)		(12)		(156)		-		-		-
Amortization of prior service credit		(16)		(1)		(17)		(5)		-		(5)
Amortization of net loss		65		5		70		-		-		-
Curtailment gain		-		(1)		(1)		-		-		-
Net periodic benefit cost	$	118	$	24	$	142	$	2	$	3	$	5