TRADE STRUCTURED FINANCE PROGRAM (Details) - USD ($) $ in Millions	12 Months Ended
Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
TRADE STRUCTURED FINANCE PROGRAM
Net return from activities including fair value changes	$ 57	$ 66
Weighted-average interest rate of time deposits (as a percent)	2.36%	2.21%
Total net proceeds from issuances of LCs	$ 7,191	$ 5,563	$ 7,058
Current assets:
Carrying value of time deposits	64	325
Non-current assets:
Carrying value of time deposits	464
Current liabilities:
Carrying value of letters of credit obligations and foreign exchange contracts	528	325
Total fair value (Level 2 measurement) of letters of credit obligations and foreign exchange contracts	528	325
Time deposits, LCs, foreign exchange contracts presented net on the consolidated balance sheets
TRADE STRUCTURED FINANCE PROGRAM
Face value of time deposits, LCs, and foreign exchange contracts	5,732	3,394
Level 2
Current assets:
Fair value (Level 2 measurement) of time deposits	64	325
Non-current assets:
Fair value (Level 2 measurement) of time deposits	464
Current liabilities:
Fair value (Level 2 measurement) of letters of credit obligations	528	323
Fair value (Level 2 measurement) of foreign exchange forward contracts-(gains) losses		2
Total fair value (Level 2 measurement) of letters of credit obligations and foreign exchange contracts	$ 528	$ 325

A short term time deposit with an initial maturity greater than 90 days entitling the Entity to receive interest at agreed upon intervals up to the established maturity date, based upon a fixed interest rate. A time deposit under the Trade Structured Finance Program may be issued in any denomination and is generally issued by commercial banks outside the United States. These deposits are pledged as collateral for the Letter of Credit Obligations under Trade Structured Finance Program and are subject to legally enforceable set off agreements.

No definition available.