FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2013

Financial Instruments [Abstact]

Investing Results

Investing Results
In millions	2013			2012			2011
Proceeds from sales of available-for-sale securities	$	486		$	514		$	764
Gross realized gains	$	66		$	40		$	44
Gross realized losses	$	(4	)	$	(11	)	$	(14	)

Contractual Maturities of Debt Securities

Contractual Maturities of Debt Securities at December 31, 2013
In millions	Amortized Cost		Fair Value
Within one year	$	17	$	16
One to five years	533		567
Six to ten years	519		527
After ten years	134		149
Total	$	1,203	$	1,259

Fair Value and Gross Unrealized Losses of Investments Temporarily Impaired

Temporarily Impaired Securities at December 31 (1)
	2013					2012
	Less than 12 months					Less than 12 months
In millions	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Government debt (2)	$	160	$	(8	)	$	—	$	—
Corporate bonds	213		(7		)	22		(1		)
Equity securities	144		(4		)	30		(2		)
Total temporarily impaired securities	$	517	$	(19	)	$	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 December 31
	2013											2012
In millions	Cost			Gain		Loss			Fair Value			Cost			Gain		Loss			Fair Value
Marketable securities: (1)
Debt securities:
Government debt (2)	$	544		$	28	$	(8	)	$	564		$	506		$	59	$	—		$	565
Corporate bonds	659			43		(7		)	695			676			81		(1		)	756
Total debt securities	$	1,203		$	71	$	(15	)	$	1,259		$	1,182		$	140	$	(1	)	$	1,321
Equity securities	605			196		(4		)	797			634			109		(3		)	740
Total marketable securities	$	1,808		$	267	$	(19	)	$	2,056		$	1,816		$	249	$	(4	)	$	2,061
Long-term debt including debt due within one year (3)	$	(17,517	)	$	296	$	(2,246	)	$	(19,467	)	$	(20,591	)	$	24	$	(3,195	)	$	(23,762	)
Derivatives relating to:
Interest rates	$	—		$	—	$	(5	)	$	(5	)	$	—		$	1	$	(6	)	$	(5	)
Commodities (4)	$	—		$	11	$	(2	)	$	9		$	—		$	26	$	(7	)	$	19
Foreign currency (5)	$	—		$	45	$	(13	)	$	32		$	—		$	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 December 31, 2013 and $23 million at December 31, 2012.

(4) Presented net of cash collateral, as disclosed in Note 11.

(5) For 2013, includes interest rate derivative component of cross currency swaps, which was less than $1 million at December 31, 2013.

Notional Amount of Hedge Commodity Contracts

Commodity	Dec 31, 2013	Dec 31, 2012	Notional Volume Unit
Corn	2.7	1.9	million bushels
Crude Oil	0.5	0.4	million barrels
Ethane	1.0	1.8	million barrels
Naphtha	3.0	90.0	kilotons
Natural Gas	82.9	186.0	million million British thermal units
Soybeans	0.8	1.3	million bushels

Notional Amount of Non-Hedge Commodity Contracts

Commodity	Dec 31, 2013	Dec 31, 2012	Notional Volume Unit
Ethane	0.3	1.0	million barrels
Natural Gas	5.2	33.0	million million British thermal units

Schedule Fair Values of Derivative Instruments

Fair Value of Derivative Instruments In millions	Balance Sheet Classification	2013		2012
Asset Derivatives
Derivatives designated as hedges:
Interest rates	Other current assets	$	—	$	1
Commodities	Other current assets	13		28
Foreign currency	Accounts and notes receivable – Other	—		3
Total derivatives designated as hedges		$	13	$	32
Derivatives not designated as hedges:
Commodities	Other current assets	$	1	$	3
Foreign currency	Accounts and notes receivable – Other	65		52
Total derivatives not designated as hedges		$	66	$	55
Total asset derivatives		$	79	$	87
Liability Derivatives
Derivatives designated as hedges:
Interest rates	Accounts payable – Other	$	5	$	5
Commodities	Accounts payable – Other	5		21
Foreign currency	Accounts payable – Other	9		14
Total derivatives designated as hedges		$	19	$	40
Derivatives not designated as hedges:
Interest rates	Accounts payable – Other	$	—	$	1
Commodities	Accounts payable – Other	1		6
Foreign currency	Accounts payable – Other	24		27
Total derivatives not designated as hedges		$	25	$	34
Total liability derivatives		$	44	$	74