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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2011

Income Tax Expense (Benefit) [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]



Domestic and Foreign Components of Income from Continuing Operations Before Income Taxes
In millions	2011		2010			2009
Domestic	$	386	$	(821	)	$	(290	)
Foreign	3,215		3,623			759
Total	$	3,601	$	2,802		$	469

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]



Reconciliation to U.S. Statutory Rate
In millions	2011			2010			2009
Taxes at U.S. statutory rate	$	1,260		$	981		$	164
Equity earnings effect	(459		)	(272		)	(266		)
Foreign income taxed at rates other than 35% (1)	(242		)	(262		)	(121		)
U.S. tax effect of foreign earnings and dividends	218			118			210
Goodwill impairment losses	—			—			3
Change in valuation allowances	367			(34		)	9
Unrecognized tax benefits	35			(52		)	21
Federal tax accrual adjustments	8			(13		)	(119		)
Sale of a contract manufacturing subsidiary (2)	(231		)	—			—
Joint venture reorganization	(95		)	—			—
Other – net	(44		)	15			2
Total tax provision (credit)	$	817		$	481		$	(97	)
Effective tax rate	22.7		%	17.2		%	(20.7		)%


(1)	Includes the tax provision for statutory taxable income in foreign jurisdictions for which there is no corresponding amount in “Income from Continuing Operations Before Income Taxes.”


(2)	The Company recognized a tax benefit of $231 million related to the sale of a contract manufacturing subsidiary, which was reduced by a $95 million valuation allowance.

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]



Provision (Credit) for Income Taxes
	2011								2010									2009
In millions	Current		Deferred			Total			Current			Deferred			Total			Current		Deferred			Total
Federal	$	36	$	(244	)	$	(208	)	$	(576	)	$	445		$	(131	)	$	65	$	(538	)	$	(473	)
State and local	12		(13		)	(1		)	(36		)	(21		)	(57		)	27		(15		)	12
Foreign	768		258			1,026			765			(96		)	669			463		(99		)	364
Total	$	816	$	1		$	817		$	153		$	328		$	481		$	555	$	(652	)	$	(97	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]



Deferred Tax Balances at December 31	2011					2010
In millions	Deferred Tax Assets (1)			Deferred Tax Liabilities		Deferred Tax Assets (1)			Deferred Tax Liabilities
Property	$	102		$	2,265	$	629		$	3,084
Tax loss and credit carryforwards	2,294			—		1,957			—
Postretirement benefit obligations	3,916			1,184		3,282			1,099
Other accruals and reserves	1,954			604		2,101			545
Intangibles	152			1,076		182			1,615
Inventory	229			289		149			277
Long-term debt	—			726		3			393
Investments	186			183		174			136
Other – net	1,185			729		986			342
Subtotal	$	10,018		$	7,056	$	9,463		$	7,491
Valuation allowances	(1,152		)	—		(682		)	—
Total	$	8,866		$	7,056	$	8,781		$	7,491


(1)	Included in current deferred tax assets are prepaid tax assets totaling $210 million in 2011 and $100 million in 2010.

Schedule of Total Gross Unrecognized Tax Benefits [Table Text Block]



Total Gross Unrecognized Tax Benefits
In millions	2011			2010			2009
Balance at January 1	$	319		$	650		$	736
Increases related to positions taken on items from prior years	5			8			57
Decreases related to positions taken on items from prior years	(11		)	(33		)	(25		)
Increases related to positions taken in the current year	70			24			71
Settlement of uncertain tax positions with tax authorities	(21		)	(300		)	(172		)
Decreases due to expiration of statutes of limitations	(23		)	(30		)	(17		)
Balance at December 31	$	339		$	319		$	650

Schedule of Tax Years Subject to Examination by Major Tax Jurisdiction



Tax Years Subject to Examination by Major Tax Jurisdiction at December 31
	Earliest Open Year
Jurisdiction	2011	2010
Argentina	2005	2004
Brazil	2007	2005
Canada	2008	2006
France	2009	2008
Germany	2002	2002
Italy	2005	2005
The Netherlands	2011	2009
Spain	2008	2004
Switzerland	2009	2008
United Kingdom	2008	2008
United States:
Federal income tax	2004	2004
State and local income tax	2004	1996

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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- Definition

Tabular disclosure of income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded.

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