FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2013

Financial Instruments [Abstact]

Investing Results

Investing Results	Nine Months Ended
In millions	Sep 30, 2013			Sep 30, 2012
Proceeds from sales of available-for-sale securities	$	409		$	401
Gross realized gains	$	63		$	30
Gross realized losses	$	(12	)	$	(10	)

Contractual Maturities of Debt Securities

Contractual Maturities of Debt Securities at September 30, 2013
In millions	Amortized Cost		Fair Value
Within one year	$	35	$	35
One to five years	468		505
Six to ten years	552		567
After ten years	142		160
Total	$	1,197	$	1,267

Fair Value and Gross Unrealized Losses of Investments Temporarily Impaired

Temporarily Impaired Securities Less than 12 Months(1)
	At September 30, 2013					At December 31, 2012
In millions	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Debt securities:
Government debt (2)	$	100	$	(5	)	$	—	$	—
Corporate bonds	165		(5		)	22		(1		)
Total debt securities	$	265	$	(10	)	$	22	$	(1	)
Equity securities	169		(8		)	30		(2		)
Total temporarily impaired securities	$	434	$	(18	)	$	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 September 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)	$	532		$	34	$	(5	)	$	561		$	506		$	59	$	—		$	565
Corporate bonds	665			47		(6		)	706			676			81		(1		)	756
Total debt securities	$	1,197		$	81	$	(11	)	$	1,267		$	1,182		$	140	$	(1	)	$	1,321
Equity securities	592			153		(8		)	737			634			109		(3		)	740
Total marketable securities	$	1,789		$	234	$	(19	)	$	2,004		$	1,816		$	249	$	(4	)	$	2,061
Long-term debt incl. debt due within one year (3)	$	(18,167	)	$	257	$	(2,113	)	$	(20,023	)	$	(20,591	)	$	24	$	(3,195	)	$	(23,762	)
Derivatives relating to:
Interest rates	$	—		$	1	$	(4	)	$	(3	)	$	—		$	1	$	(6	)	$	(5	)
Commodities (4)	$	—		$	13	$	(11	)	$	2		$	—		$	26	$	(7	)	$	19
Foreign currency	$	—		$	67	$	(27	)	$	40		$	—		$	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 $22 million at September 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	Sep 30, 2013	Dec 31, 2012	Notional Volume Unit
Corn	4.9	1.9	million bushels
Crude Oil	1.5	0.4	million barrels
Ethane	1.8	1.8	million barrels
Naphtha	2.0	90.0	kilotons
Natural Gas	113.2	186.0	million million British thermal units
Soybeans	1.6	1.3	million bushels

Notional Amount of Other Commodity Contracts

Commodity	Sep 30, 2013	Dec 31, 2012	Notional Volume Unit
Ethane	0.4	1.0	million barrels
Naphtha	69.0	—	kilotons
Natural Gas	9.2	33.0	million million British thermal units
Propane	45.0	—	kilotons

Schedule Fair Values of Derivative Instruments

Fair Value of Derivative Instruments In millions	Balance Sheet Classification	Sep 30, 2013		Dec 31, 2012
Asset Derivatives
Derivatives designated as hedges:
Interest rates	Other current assets	$	1	$	1
Commodities	Other current assets	16		28
Foreign currency	Accounts and notes receivable – Other	4		3
Total derivatives designated as hedges		$	21	$	32
Derivatives not designated as hedges:
Commodities	Other current assets	$	1	$	3
Foreign currency	Accounts and notes receivable – Other	96		52
Total derivatives not designated as hedges		$	97	$	55
Total asset derivatives		$	118	$	87
Liability Derivatives
Derivatives designated as hedges:
Interest rates	Accounts payable – Other	$	4	$	5
Commodities	Accounts payable – Other	19		21
Foreign currency	Accounts payable – Other	12		14
Total derivatives designated as hedges		$	35	$	40
Derivatives not designated as hedges:
Interest rates	Accounts payable – Other	$	—	$	1
Commodities	Accounts payable – Other	2		6
Foreign currency	Accounts payable – Other	48		27
Total derivatives not designated as hedges		$	50	$	34
Total liability derivatives		$	85	$	74