PENSIONS AND OTHER POSTEMPLOYMENT BENEFITS (Tables)

12 Months Ended

Dec. 31, 2016

Compensation and Retirement Disclosure [Abstract]

Schedule of Accumulated and Projected Benefit Obligations

The measurement date for all defined benefit plans is December 31. The following provides a reconciliation of the plans’ benefit obligations, plan assets, funded status and recognition in the consolidated balance sheets:

	Pension Benefits												Other Postretirement
	U.S. Plans						Non-U.S. Plans						Benefits
	2016			2015			2016			2015			2016			2015
Change in benefit obligation:
Benefit obligation, beginning of year	$	1,221		$	1,291		$	487		$	575		$	323		$	368
Service cost	3			3			14			16			—			—
Interest cost	49			48			13			10			14			13
Employee contributions	—			—			—			—			—			—
Benefits paid	(98		)	(89		)	(21		)	(24		)	(24		)	(23		)
Medicare subsidies received	—			—			—			—			2			3
Plan amendments	—			—			—			—			—			—
Curtailments	—			—			(1		)	(3		)	—			—
Settlements	—			—			(4		)	—			—			—
Contractual termination benefit	—			—			—			—			—			—
Actuarial losses (gains) and changes in actuarial assumptions	(8		)	(32		)	39			(75		)	(21		)	(35		)
Net transfers (out) in	—			—			—			45						—
Other	—			—			—			—			—			—
Currency translation	—			—			(17		)	(57		)	1			(3		)
Benefit obligation, end of year	$	1,167		$	1,221		$	510		$	487		$	295		$	323
Change in plan assets:
Fair value of plan assets, beginning of year	$	870		$	912		$	57		$	54		$	—		$	—
Actual return on plan assets	45			(27		)	3			2			—			—
Employee contributions	—			—			—			—			—			—
Settlements	—			—			(4		)	—			—			—
Company contributions	39			74			30			30			22			20
Benefits paid	(98		)	(89		)	(21		)	(24		)	(24		)	(23		)
Expenses	—			—			—			—			—			—
Acquisitions / divestitures	—			—			1			—			—			—
Medicare subsidies received	—			—			—			—			2			3
Currency translation	—			—			(3		)	(5		)	—			—
Fair value of plan assets, end of year	$	856		$	870		$	63		$	57		$	—		$	—
Funded status of the plan	$	(311	)	$	(351	)	$	(447	)	$	(430	)	$	(295	)	$	(323	)
Amounts recognized in the consolidated balance sheets:
Current liabilities	$	(1	)	$	(2	)	$	(13	)	$	(14	)	$	(23	)	$	(24	)
Noncurrent liabilities(a)	(310		)	(349		)	(434		)	(416		)	(272		)	(299		)
Net amount recognized	$	(311	)	$	(351	)	$	(447	)	$	(430	)	$	(295	)	$	(323	)
Amounts recognized in accumulated other comprehensive loss, inclusive of tax effects:
Net actuarial loss (gain)	$	435		$	452		$	93		$	72		$	34		$	56
Prior service cost (credit)	—			—			1			1			(6		)	(10		)
Total	$	435		$	452		$	94		$	73		$	28		$	46
(a) The "Pension and Other Postretirement Benefits" line in the consolidated balance sheet includes $60 million and $59 million of postemployment benefits which are not included in the table above.

Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets

Information for defined benefit plans with projected benefit obligations in excess of plan assets:

	Pension Benefits								Other Postretirement
	U.S. Plans				Non-U.S. Plans				Benefits
	2016		2015		2016		2015		2016		2015
Projected benefit obligation	$	1,167	$	1,221	$	509	$	486	$	295	$	323
Fair value of plan assets	$	856	$	870	$	62	$	56	$	—	$	—

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets

Information for pension plans with accumulated benefit obligations in excess of plan assets:

	Pension Benefits
	U.S. Plans				Non-U.S. Plans
	2016		2015		2016		2015
Projected benefit obligation	$	1,167	$	1,221	$	494	$	482
Accumulated benefit obligation	$	1,167	$	1,221	$	459	$	445
Fair value of plan assets	$	856	$	870	$	50	$	53

Schedule of Net Benefit Costs

The following table summarizes the components of net periodic benefit cost (credit) along with the assumptions used to determine the benefit obligations for the years ended December 31:

	Pension Benefits																		Other Postretirement
	U.S. Plans									Non-U.S. Plans									Benefits
	2016			2015			2014			2016			2015			2014			2016			2015			2014
Components of expense
Service cost	$	3		$	3		$	3		$	14		$	16		$	12		$	—		$	—		$	—
Interest cost	49			48			52			13			10			16			14			13			15
Expected return on plan assets	(48		)	(59		)	(62		)	(2		)	(2		)	(2		)	—			—			—
Amortization of actuarial losses	12			10			4			5			11			5			2			5			3
Amortization of prior service credit	—			—			—			—			—			—			(4		)	(4		)	(5		)
Settlement loss (gain)	—			—			(3		)	1			—			1			—			—			—
Curtailment gain	—			—			—			(1		)	(2		)	—			—			—			—
Net periodic cost (credit)	$	16		$	2		$	(6	)	$	30		$	33		$	32		$	12		$	14		$	13
Weighted-average assumptions used to determine benefit obligations
Discount rate	3.90		%	4.15		%	3.85		%	2.03		%	2.72		%	1.77		%	3.98		%	4.18		%	3.84		%
Rate of compensation increase	n/a			n/a			n/a			2.96		%	3.19		%	3.16		%	n/a			n/a			n/a
Weighted-average assumptions used to determine net expense
Discount rate	4.15		%	3.85		%	4.55		%	2.72		%	1.77		%	3.49		%	4.18		%	3.84		%	4.45		%
Expected rate of return on plan assets	5.65		%	6.55		%	6.95		%	3.22		%	3.52		%	4.18		%	n/a			n/a			n/a
Rate of compensation increase	n/a			n/a			n/a			3.19		%	3.16		%	3.17		%	n/a			n/a			n/a

Schedule of Health Care Cost Trend Rates

The assumed health care and drug cost trend rates used to measure next year’s postretirement healthcare benefits are as follows:

	Other Postretirement Benefits
	2016		2015
Initial health care cost trend rate	6.69	%	6.97	%
Ultimate health care cost trend rate	5.00	%	5.00	%
Year ultimate health care cost trend rate reached	2022		2022

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates

The following table illustrates the sensitivity to a change in the assumed health care cost trend rate:

	Total Service and Interest Cost			APBO
100 basis point (“bp”) increase in health care cost trend rate	$	1		$	24
100 bp decrease in health care cost trend rate	(1		)	(21		)

Schedule of Expected Benefit Payments

Projected benefit payments from the plans are estimated as follows:

	Pension Benefits				Other  Postretirement Benefits
	U.S.		Non-U.S. Plans
2017	$	84	$	22	$	23
2018	84		22		23
2019	86		24		23
2020	87		24		23
2021	86		24		22
Years 2022-2026	387		131		101

Schedule of Allocation of Plan Assets

The following table presents the Company’s defined benefit plan assets measured at fair value by asset class:

	December 31, 2016								December 31, 2015
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
U.S. Plans:
Cash	$	30	$	30	$	—	$	—	$	26	$	26	$	—	$	—
Investments with registered investment companies:
Equity securities	346		346		—		—		310		310		—		—
Fixed income securities	154		154		—		—		149		149		—		—
Real estate and other	41		41		—		—		27		27		—		—
Equity securities	204		204		—		—		220		220		—		—
Debt securities:
Corporate and other	21		—		21		—		22		—		22		—
Government	28		11		17		—		30		17		13		—
Hedge funds	32		—		—		32		86		—		—		86
	$	856	$	786	$	38	$	32	$	870	$	749	$	35	$	86
Non-U.S. Plans:
Insurance contracts	$	42	$	—	$	—	$	42	$	40	$	—	$	—	$	40
Investments with registered investment companies:
Fixed income securities	19		19		—		—		13		13		—		—
Equity securities	2		2		—		—		2		2		—		—
Corporate bonds	—		—		—		—		2		—		2		—
	$	63	$	21	$	—	$	42	$	57	$	15	$	2	$	40

Schedule of Changes in Fair Value of Plan Assets

The following tables summarize the activity for the U.S. plan assets classified in level 3:

	Balance at December 31, 2015		Net Realized/ Unrealized Gains (Loss)		Purchases, and Settlements, Net		Sales, Net			Transfers Into (Out) of Level 3		Foreign Currency Exchange Rate Movements		Balance at December 31, 2016
Assets
Hedge funds and other	$	86	$	—	$	48	$	(102	)	$	—	$	—	$	32

	Balance at December 31, 2014		Net Realized/ Unrealized Gains (Loss)			Purchases, and Settlements, Net		Sales, Net		Transfers Into (Out) of Level 3		Foreign Currency Exchange Rate Movements		Balance at December 31, 2015
Assets
Hedge funds and other	$	91	$	(5	)	$	—	$	—	$	—	$	—	$	86

The following tables summarize the activity for the non-U.S. plan assets classified in level 3:

	Balance at December 31, 2015		Net Realized/ Unrealized Gains (Loss)		Purchases, and Settlements, Net		Sales, Net			Transfers Into (Out) of Level 3		Foreign Currency Exchange Rate Movements			Balance at December 31, 2016
Assets
Insurance contracts	$	40	$	2	$	3	$	(2	)	$	—	$	(1	)	$	42

	Balance at December 31, 2014		Net Realized/ Unrealized Gains (Loss)		Purchases, and Settlements, Net		Sales, Net			Transfers Into (Out) of Level 3		Foreign Currency Exchange Rate Movements			Balance at December 31, 2015
Assets
Insurance contracts	$	41	$	1	$	6	$	(4	)	$	—	$	(4	)	$	40