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PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS (Change in Projected Benefit Obligations, Plan Assets and Funded Status of All Significant Plans) (Details) - USD ($)
$ in Millions
12 Months Ended
Jun. 01, 2016
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Defined Benefit Pension Plans [Member]        
Defined Benefit Plan Disclosure [Line Items]        
Defined Benefit Plan, Amortization of Net Prior Service Cost (Credit)   $ (24)    
Defined Benefit Plan, Change in Benefit Obligations [Roll Forward]        
Benefit Obligations, Beginning Balance   25,652 $ 27,979  
Service cost   463 [1] 484 $ 411
Interest cost   846 [1] 975 1,096
Plan participants' contributions   19 19  
Plan amendments   0 30  
Actuarial changes in assumptions and experience   1,967 (929)  
Acquisition/divestiture/other activity (1) [2]   3,201 (894)  
Benefits paid   (1,324) (1,289)  
Currency impact   (506) (723)  
Termination benefits/curtailment cost/settlements (2)   (38) [3] 0  
Benefit Obligations, Ending Balance   30,280 25,652 27,979
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]        
Fair value of plan assets, beginning balance   18,595    
Actual return on plan assets   1,437 314  
Currency impact   (404) (488)  
Employer contributions   629 844  
Plan participants' contributions   19 19  
Acquisition/divestiture/other activity [4]   2,077    
Acquisition/divestiture/other activity (3) [4]     (255)  
Benefits paid   (1,324) (1,289)  
Fair value of plan assets at end of year   21,208 18,774 19,629
Less: Fair value of assets due to Olin   0 (179)  
Fair value of plan assets, ending balance   21,208 18,595  
Funded status at end of year   (9,072) (7,057)  
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract]        
Noncurrent assets   292 317  
Current liabilities   (74) (64)  
Noncurrent liabilities   (9,290) (7,310)  
Net amounts recognized in the consolidated balance sheets   (9,072) (7,057)  
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax [Abstract]        
Net loss (gain)   11,379 10,012  
Prior service credit   (304) (328)  
Pretax balance in AOCL at end of year   11,075 9,684  
Defined Benefit Plan, Amortization of Net Gains (Losses)   (626)    
Other Postretirement Benefits [Member]        
Defined Benefit Plan, Change in Benefit Obligations [Roll Forward]        
Benefit Obligations, Beginning Balance   1,597 1,707  
Service cost   13 [1] 14 14
Interest cost   52 [1] 59 72
Plan participants' contributions   0 0  
Plan amendments   0 0  
Actuarial changes in assumptions and experience   13 11  
Acquisition/divestiture/other activity (1)   313 [2] 0  
Benefits paid   (154) (172)  
Currency impact   1 (22)  
Termination benefits/curtailment cost/settlements (2)   0 0  
Benefit Obligations, Ending Balance   1,835 1,597 1,707
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]        
Fair value of plan assets, beginning balance   0    
Actual return on plan assets   0 0  
Currency impact   0 0  
Employer contributions   0 0  
Plan participants' contributions   0 0  
Acquisition/divestiture/other activity (3)   0 0  
Benefits paid   0 0  
Fair value of plan assets at end of year   0 0 $ 0
Less: Fair value of assets due to Olin   0 0  
Fair value of plan assets, ending balance   0 0  
Funded status at end of year   (1,835) (1,597)  
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract]        
Noncurrent assets   0 0  
Current liabilities   (158) (146)  
Noncurrent liabilities   (1,677) (1,451)  
Net amounts recognized in the consolidated balance sheets   (1,835) (1,597)  
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax [Abstract]        
Net loss (gain)   (133) (154)  
Prior service credit   0 (3)  
Pretax balance in AOCL at end of year   (133) (157)  
Defined Benefit Plan, Amortization of Net Gains (Losses)   6    
Olin [Member] | Defined Benefit Pension Plans [Member]        
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]        
Acquisition/divestiture/other activity (3)   (184)    
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax [Abstract]        
Defined Benefit Plan, Divestitures, Benefit Obligation     618  
ANGUS Chemical Company [Member] | Defined Benefit Pension Plans [Member]        
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]        
Acquisition/divestiture/other activity (3)     (9)  
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax [Abstract]        
Defined Benefit Plan, Divestitures, Benefit Obligation     34  
Insurance Company[Member] [Domain] | Defined Benefit Pension Plans [Member]        
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax [Abstract]        
Defined Benefit Plan, Settlements, Benefit Obligation   53 248  
Defined Benefit Plan, Settlements, Plan Assets   55 $ 247  
Dow Corning Corporation [Member] | Defined Benefit Pension Plans [Member]        
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]        
Acquisition/divestiture/other activity $ 2,327 2,327    
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax [Abstract]        
Projected benefit obligations 3,252 3,252    
Defined Benefit Plan, Curtailments   36    
Dow Corning Corporation [Member] | Other Postretirement Benefits [Member]        
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]        
Acquisition/divestiture/other activity 0      
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax [Abstract]        
Projected benefit obligations $ 313 $ 313    
[1] Includes net periodic benefit costs of $26 million for defined benefit pension plans and $8 million of other postretirement benefits for plans assumed from Dow Corning.
[2] The 2016 impact includes pension benefit obligations of $3,252 million and other postretirement benefit obligations of $313 million assumed with the ownership restructure of Dow Corning. The 2016 impact also includes the transfer of benefit obligations of $53 million in the U.S. through the purchase of annuity contracts from an insurance company. The 2015 impact includes the transfer of benefit obligations associated with the Reverse Morris Trust transaction with Olin of $618 million and the transfer of benefit obligations associated with the divestiture of ANGUS to Golden Gate Capital of $34 million. The 2015 impact also includes the transfer of benefit obligations of $248 million in the U.S. through the purchase of annuity contracts from an insurance company. See Notes 4, 5 and 6 for additional information.
[3] The 2016 impact primarily relates to the curtailment of benefits for certain participants of a U.S. Dow Corning plan of $36 million.
[4] The 2016 impact includes plan assets assumed with the ownership restructure of Dow Corning of $2,327 million. The 2016 impact also includes the purchase of annuity contracts of $55 million in the U.S. associated with the transfer of benefit obligations to an insurance company and the transfer of plan assets associated with the Reverse Morris Trust transaction with Olin of $184 million. The 2015 impact includes the transfer of plan assets associated with the divestiture of ANGUS to Golden Gate Capital of $9 million. The 2015 impact also includes the purchase of annuity contracts of $247 million in the U.S. associated with the transfer of benefit obligations to an insurance company.