INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The table below reconciles the U.S. statutory rate to the Company’s effective tax rate for each period presented (in millions of dollars):

	Three Months Ended March 31,
	2014					2013
Income tax expense at federal statutory rate	$	18		35.0	%	$	38		35.0	%
REIT income not subject to tax	(8		)	(14.9	)	(11		)	(10.1	)
Manufacturing deduction	(1		)	(2.1	)	(2		)	(2.2	)
Other	—			(0.1	)	—			0.7
Income tax expense before discrete items	9			17.9	%	25			23.4	%
Exchange of AFMC for CBPC	—			—		(19		)	(17.5	)
Other	(1		)	(2.7	)	(2		)	(1.8	)
Income tax expense as reported	$	8		15.2	%	$	4		4.1	%