INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Expense (Benefit), Continuing Operations [Abstract]

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

Domestic and Foreign Components of Income Before Income Taxes
In millions	2013 (1)		2012 (2)			2011
Domestic	$	3,979	$	(401	)	$	386
Foreign	2,825		2,066			3,215
Total	$	6,804	$	1,665		$	3,601

(1) In 2013, the domestic component of "Income Before Income Taxes" included a gain of $2.195 billion related to the K-Dow arbitration and a $451 million gain related to the sale of Dow's Polypropylene Licensing and Catalysts business.

(2) In 2012, the domestic component of "Income Before Income Taxes" was significantly impacted by the Company's 1Q12 and 4Q12 restructuring charges.

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

Provision for Income Taxes
	2013								2012								2011
In millions	Current		Deferred			Total			Current		Deferred			Total			Current		Deferred			Total
Federal	$	805	$	278		$	1,083		$	241	$	(312	)	$	(71	)	$	36	$	(244	)	$	(208	)
State and local	42		(73		)	(31		)	9		(10		)	(1		)	12		(13		)	(1		)
Foreign	1,028		(92		)	936			780		(143		)	637			768		258			1,026
Total	$	1,875	$	113		$	1,988		$	1,030	$	(465	)	$	565		$	816	$	1		$	817

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

Reconciliation to U.S. Statutory Rate
In millions	2013			2012			2011
Taxes at U.S. statutory rate	$	2,381		$	583		$	1,260
Equity earnings effect	(276		)	(115		)	(459		)
Foreign income taxed at rates other than 35% (1)	(76		)	(76		)	(242		)
U.S. tax effect of foreign earnings and dividends	102			13			218
Goodwill impairment losses	—			77			—
Discrete equity earnings (2)	—			48			—
Change in permanent reinvestment assertions	—			(236		)	—
Change in valuation allowances	(197		)	135			367
Unrecognized tax benefits	243			122			35
Federal tax accrual adjustments	29			4			8
Sale of a contract manufacturing subsidiary (3)	—			—			(231		)
Joint venture reorganization	—			—			(95		)
Gain from K-Dow arbitration (4)	(212		)	—			—
Other – net	(6		)	10			(44		)
Total tax provision	$	1,988		$	565		$	817
Effective tax rate	29.2		%	33.9		%	22.7		%

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

(2) Includes nonrecurring charges related to equity in earnings of nonconsolidated affiliates.

(3) 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 in 2011.

(4) In 2013, the K-Dow arbitration award generated a tax rate benefit of $212 million due to the tax treatment of certain components of the award. See Note 14 for further information.

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

Deferred Tax Balances at December 31	2013					2012
In millions	Deferred Tax Assets (1)			Deferred Tax Liabilities		Deferred Tax Assets(1)			Deferred Tax  Liabilities
Property	$	62		$	2,165	$	58		$	2,128
Tax loss and credit carryforwards	2,012			—		1,954			—
Postretirement benefit obligations	3,619			1,150		4,900			1,291
Other accruals and reserves	1,901			392		2,167			329
Intangibles	113			827		218			994
Inventory	217			197		240			179
Long-term debt	—			600		—			599
Investments	137			111		317			183
Other – net	1,143			794		1,168			642
Subtotal	$	9,204		$	6,236	$	11,022		$	6,345
Valuation allowances	(1,112		)	—		(1,399		)	—
Total	$	8,092		$	6,236	$	9,623		$	6,345

(1) Included in current deferred tax assets are prepaid tax assets totaling $205 million in 2013 and $218 million in 2012.

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

Total Gross Unrecognized Tax Benefits
In millions	2013			2012			2011
Balance at January 1	$	409		$	339		$	319
Increases related to positions taken on items from prior years	385			66			5
Decreases related to positions taken on items from prior years	(137		)	(32		)	(11		)
Increases related to positions taken in the current year	10			53			70
Settlement of uncertain tax positions with tax authorities	(393		)	(9		)	(21		)
Decreases due to expiration of statutes of limitations	(8		)	(8		)	(23		)
Balance at December 31	$	266		$	409		$	339

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	2013	2012
Argentina	2007	2006
Brazil	2009	2008
Canada	2009	2008
France	2011	2010
Germany	2006	2006
Italy	2008	2003
The Netherlands	2012	2012
Spain	2008	2008
Switzerland	2009	2009
United Kingdom	2011	2008
United States:
Federal income tax	2004	2004
State and local income tax	2004	2004