OTHER NONCURRENT ASSETS (Details) - USD ($) $ in Millions |
12 Months Ended | ||||
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Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
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| OTHER NONCURRENT ASSETS | Ìý | Ìý | Ìý | ||
| Capitalized turnaround costs, net | $ 214 | $ 248 | Ìý | ||
| Spare parts inventory | 92 | 95 | Ìý | ||
| Deposits | 46 | 45 | Ìý | ||
| Catalyst assets, net | 43 | 44 | Ìý | ||
| Investment in available-for-sale securities | 18 | 18 | Ìý | ||
| Pension assets | 6 | 35 | Ìý | ||
| Other | 88 | 88 | Ìý | ||
| Total | [1] | 507 | 573 | Ìý | |
| Amortization expense of catalyst assets | $ 17 | $ 14 | $ 13 | ||
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- Definition Represents the expense charged against earnings during the period to allocate the costs of catalyst assets over the periods expected to benefit from such costs. No definition available.
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- Definition Represents the net carrying amount as of the balance sheet date of capitalized turnaround costs. No definition available.
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- Definition Represents the net carrying amount as of the balance sheet date of catalyst assets. No definition available.
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- Definition Amount of spare parts inventory to produce goods and services and not intended for resale. No definition available.
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- Definition Investments in debt and equity securities which are categorized neither as held-to-maturity nor trading and which are intended to be sold or mature more than one year from the balance sheet date or operating cycle, if longer. Such securities are reported at fair value; unrealized gains (losses) related to Available-for-sale Securities are excluded from earnings and reported in a separate component of shareholders' equity (other comprehensive income), unless the Available-for-sale security is designated as a hedge or is determined to have had an other than temporary decline in fair value below its amortized cost basis. All or a portion of the unrealized holding gain (loss) of an Available-for-sale security that is designated as being hedged in a fair value hedge is recognized in earnings during the period of the hedge, as are other than temporary declines in fair value below the cost basis for investments in equity securities and debt securities that an entity intends to sell or it is more likely than not that it will be required to sell before the recovery of its amortized cost basis. Other than temporary declines in fair value below the cost basis for debt securities categorized as Available-for-sale that an entity does not intend to sell and for which it is not more likely than not that the entity will be required to sell before the recovery of its amortized cost basis are bifurcated into credit losses and losses related to all other factors. Other than temporary declines in fair value below cost basis related to credit losses are recognized in earnings, and losses related to all other factors are recognized in other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount for overfunded plans recognized in the balance sheet as a noncurrent asset associated with a defined benefit pension plan or other postretirement defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying value of amounts transferred to third parties for security purposes that are expected to be returned or applied towards payment after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of other miscellaneous assets expected to be realized or consumed after one year or normal operating cycle, if longer. No definition available.
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- Definition Amount of noncurrent assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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