FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2020

Investments, All Other Investments [Abstract]

Schedule of the fair value of financial instruments

The following table summarizes the fair value of financial instruments at June 30, 2020 and December 31, 2019:

Fair Value of Financial Instruments	June 30, 2020											December 31, 2019
In millions	Cost			Gain		Loss			Fair Value			Cost			Gain		Loss			Fair Value
Cash equivalents	$	2,523		$	—	$	—		$	2,523		$	417		$	—	$	—		$	417
Restricted cash equivalents 1	$	32		$	—	$	—		$	32		$	37		$	—	$	—		$	37
Total cash and restricted cash equivalents	$	2,555		$	—	$	—		$	2,555		$	454		$	—	$	—		$	454
Long-term debt including debt due within one year	$	(17,611	)	$	3	$	(2,285	)	$	(19,893	)	$	(15,618	)	$	—	$	(1,633	)	$	(17,251	)
Derivatives relating to:
Foreign currency 2	—			3		(23		)	(20		)	—			6		(7		)	(1		)
Total derivatives	$	—		$	3	$	(23	)	$	(20	)	$	—		$	6	$	(7	)	$	(1	)

1. Classified as "Other current assets" in the interim Condensed Consolidated Balance Sheets.

2. Presented net of cash collateral where master netting arrangements allow.

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

Notional Amounts	June 30, 2020			Dec 31, 2019
In millions
Derivatives not designated as hedging instruments:
Foreign currency contracts 1	$	(40	)	$	26
Commodity contracts	$	8		$	11

1. Presented net of contracts bought and sold.

Schedule of fair value of derivative instruments using Level 2 inputs

		June 30, 2020
In millions	Balance Sheet Classification	Gross		Counterparty and Cash Collateral Netting 1			Net Amounts Included in the Consolidated Balance Sheet
Asset derivatives:
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current assets	$	7	$	(4	)	$	3
Total asset derivatives		$	7	$	(4	)	$	3
Liability derivatives:
Derivatives not designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	$	27	$	(4	)	$	23
Total liability derivatives		$	27	$	(4	)	$	23

		December 31, 2019
In millions	Balance Sheet Classification	Gross		Counterparty and Cash Collateral Netting 1			Net Amounts Included in the Consolidated Balance Sheet
Asset derivatives:
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current assets	$	16	$	(10	)	$	6
Total asset derivatives		$	16	$	(10	)	$	6
Liability derivatives:
Derivatives not designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	$	17	$	(10	)	$	7
Total liability derivatives		$	17	$	(10	)	$	7

1.

Counterparty and cash collateral amounts represent the estimated net settlement amount when applying netting and set-off rights included in master netting arrangements between the Company and its counterparties and the payable or receivable for cash collateral held or placed with the same counterparty.