FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2013

Financial Instruments [Abstact]

Investing Results

Investing Results	Six Months Ended
In millions	Jun 30, 2013			Jun 30, 2012
Proceeds from sales of available-for-sale securities	$	352		$	236
Gross realized gains	$	56		$	9
Gross realized losses	$	(11	)	$	(5	)

Contractual Maturities of Debt Securities

Contractual Maturities of Debt Securities at June 30, 2013
In millions	Amortized Cost		Fair Value
Within one year	$	32	$	32
One to five years	416		450
Six to ten years	567		584
After ten years	150		170
Total	$	1,165	$	1,236

Fair Value and Gross Unrealized Losses of Investments Temporarily Impaired

Temporarily Impaired Securities Less than 12 Months(1)
	At June 30, 2013					At December 31, 2012
In millions	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Debt securities:
Government debt (2)	$	100	$	(4	)	$	—	$	—
Corporate bonds	165		(6		)	22		(1		)
Total debt securities	$	265	$	(10	)	$	22	$	(1	)
Equity securities	160		(16		)	30		(2		)
Total temporarily impaired securities	$	425	$	(26	)	$	52	$	(3	)

(1) Unrealized losses of 12 months or more were less than $1 million.

(2) U.S. Treasury obligations, U.S. agency obligations, agency mortgage-backed securities and other municipalities' obligations.

Fair Value of Financial Instruments

Fair Value of Financial Instruments
	At June 30, 2013											At December 31, 2012
In millions	Cost			Gain		Loss			Fair Value			Cost			Gain		Loss			Fair Value
Marketable securities: (1)
Debt securities:
Government debt (2)	$	522		$	35	$	(4	)	$	553		$	506		$	59	$	—		$	565
Corporate bonds	643			47		(7		)	683			676			81		(1		)	756
Total debt securities	$	1,165		$	82	$	(11	)	$	1,236		$	1,182		$	140	$	(1	)	$	1,321
Equity securities	590			128		(16		)	702			634			109		(3		)	740
Total marketable securities	$	1,755		$	210	$	(27	)	$	1,938		$	1,816		$	249	$	(4	)	$	2,061
Long-term debt incl. debt due within one year (3)	$	(18,321	)	$	224	$	(2,163	)	$	(20,260	)	$	(20,591	)	$	24	$	(3,195	)	$	(23,762	)
Derivatives relating to:
Interest rates	$	—		$	1	$	(4	)	$	(3	)	$	—		$	1	$	(6	)	$	(5	)
Commodities (4)	$	—		$	18	$	(6	)	$	12		$	—		$	26	$	(7	)	$	19
Foreign currency	$	—		$	35	$	(24	)	$	11		$	—		$	34	$	(20	)	$	14

(1) Included in “Other investments” in the consolidated balance sheets.

(2) U.S. Treasury obligations, U.S. agency obligations, agency mortgage-backed securities and other municipalities’ obligations.

(3) Cost includes fair value adjustments of $23 million at June 30, 2013 and $23 million at December 31, 2012.

(4) Presented net of cash collateral, as disclosed in Note 7.

Notional Amount of Commodity Forward Contracts

Commodity	Jun 30, 2013	Dec 31, 2012	Notional Volume Unit
Corn	6.2	1.9	million bushels
Crude Oil	0.4	0.4	million barrels
Ethane	1.6	1.8	million barrels
Naphtha	—	90.0	kilotons
Natural Gas	140.6	186.0	million million British thermal units
Soybeans	2.0	1.3	million bushels

Notional Amount of Other Commodity Contracts

Commodity	Jun 30, 2013	Dec 31, 2012	Notional Volume Unit
Ethane	0.6	1.0	million barrels
Naphtha	15.0	—	kilotons
Natural Gas	16.8	33.0	million million British thermal units

Schedule Fair Values of Derivative Instruments

Fair Value of Derivative Instruments In millions	Balance Sheet Classification	Jun 30, 2013		Dec 31, 2012
Asset Derivatives
Derivatives designated as hedges:
Interest rates	Other current assets	$	1	$	1
Commodities	Other current assets	20		28
Foreign currency	Accounts and notes receivable – Other	4		3
Total derivatives designated as hedges		$	25	$	32
Derivatives not designated as hedges:
Commodities	Other current assets	$	1	$	3
Foreign currency	Accounts and notes receivable – Other	46		52
Total derivatives not designated as hedges		$	47	$	55
Total asset derivatives		$	72	$	87
Liability Derivatives
Derivatives designated as hedges:
Interest rates	Accounts payable – Other	$	4	$	5
Commodities	Accounts payable – Other	17		21
Foreign currency	Accounts payable – Other	4		14
Total derivatives designated as hedges		$	25	$	40
Derivatives not designated as hedges:
Interest rates	Accounts payable – Other	$	—	$	1
Commodities	Accounts payable – Other	2		6
Foreign currency	Accounts payable – Other	35		27
Total derivatives not designated as hedges		$	37	$	34
Total liability derivatives		$	62	$	74