NONCONSOLIDATED AFFILIATES AND RELATED COMPANY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2016

Equity Method Investments and Joint Ventures [Abstract]

Nonconsolidated Affiliates - Investments and Dividends [Table Text Block]

The Company’s investments in companies accounted for using the equity method (“nonconsolidated affiliates”), by classification in the consolidated balance sheets, and dividends received from nonconsolidated affiliates are shown in the following tables:

Investments in Nonconsolidated Affiliates at December 31
In millions	2016 (1)			2015 (2)
Investment in nonconsolidated affiliates	$	3,747		$	3,958
Other noncurrent obligations	(1,030		)	(148		)
Net investment in nonconsolidated affiliates	$	2,717		$	3,810

(1) The carrying amount of the Company’s investments in nonconsolidated affiliates was $62 million more than its share of the investees’ net assets, exclusive of additional differences for EQUATE and AFSI, which are discussed separately below.

(2) The carrying amount of the Company’s investments in nonconsolidated affiliates was $97 million more than its share of the investees’ net assets, exclusive of additional differences for Dow Corning and EQUATE, which are discussed separately below.

Dividends Received from Nonconsolidated Affiliates
In millions	2016		2015		2014 (1)
Dividends from nonconsolidated affiliates	$	685	$	816	$	961

(1) Includes accrued dividends of $5 million.

HSC Group at June 1, 2016 [Table Text Block]

The following table includes the carrying value of the nonconsolidated affiliates included in the HSC Group at June 1, 2016, including the balance sheet classification of each investment:

HSC Group at June 1, 2016	Ownership Interest		Investment			Balance Sheet Classification
In millions
Hemlock Semiconductor L.L.C. (1)	50.1	%	$	(958	)	Other noncurrent obligations
DC HSC Holdings LLC (2)	50.0	%	$	571		Investment in nonconsolidated affiliates

(1) Hemlock Semiconductor L.L.C. is a nonconsolidated variable interest entity. See Note 20 for additional information.

(2) DC HSC Holdings LLC holds an 80.5 percent indirect ownership interest in Hemlock Semiconductor Operations.

Balances Due To or Due From Nonconsolidated Affiliates [Table Text Block]

Balances due to or due from nonconsolidated affiliates at December 31, 2016 and 2015 are as follows:

Balances Due To or Due From Nonconsolidated Affiliates at December 31
In millions	2016		2015
Accounts and notes receivable - Other	$	388	$	389
Noncurrent receivables	267		473
Total assets	$	655	$	862
Notes payable	$	44	$	171
Accounts payable - Other	400		230
Total current liabilities	$	444	$	401

Equity Method Investment [Table Text Block]

The Company's principal nonconsolidated affiliates and its ownership interest (direct and indirect) for each at December 31, 2016, 2015 and 2014 are as follows:

Principal Nonconsolidated Affiliates at December 31	Ownership Interest
	2016		2015		2014
Dow Corning Corporation (1)	N/A		50	%	50	%
EQUATE Petrochemical Company K.S.C.	42.5	%	42.5	%	42.5	%
The HSC Group: (2)
DC HSC Holdings LLC	50	%	N/A		N/A
Hemlock Semiconductor L.L.C.	50.1	%	N/A		N/A
The Kuwait Olefins Company K.S.C. ("TKOC")	42.5	%	42.5	%	42.5	%
The Kuwait Styrene Company K.S.C. ("TKSC")	42.5	%	42.5	%	42.5	%
Map Ta Phut Olefins Company Limited (3)	32.77	%	32.77	%	32.77	%
MEGlobal (4)	N/A		N/A		50	%
Sadara Chemical Company	35	%	35	%	35	%
The SCG-Dow Group:
Siam Polyethylene Company Limited	50	%	50	%	50	%
Siam Polystyrene Company Limited	50	%	50	%	50	%
Siam Styrene Monomer Co., Ltd.	50	%	50	%	50	%
Siam Synthetic Latex Company Limited	50	%	50	%	50	%
Univation Technologies, LLC (5)	N/A		N/A		50	%

(1) On June 1, 2016, Dow became the 100 percent owner of Dow Corning. See Note 4 for additional information.

(2) The HSC Group was previously part of the Dow Corning equity method investment and was added as principal nonconsolidated affiliates in the fourth quarter of 2016.

(3) The Company's effective ownership of Map Ta Phut Olefins Company Limited is 32.77 percent, of which the Company directly owns 20.27 percent and indirectly owns 12.5 percent through its equity interest in Siam Polyethylene Company Limited and Siam Synthetic Latex Company Limited.

(4) On December 23, 2015, the Company sold its 50 percent ownership interest in MEGlobal to EQUATE. MEGlobal is treated as a separate principal nonconsolidated affiliate through the date of divestiture. See Note 5 for additional information.

(5) On May 5, 2015, Univation, previously a 50:50 joint venture between Dow and ExxonMobil, became a wholly owned subsidiary of Dow. See Note 4 for additional information.

The Company’s investment in and equity earnings from its principal nonconsolidated affiliates are shown in the tables below:

Investment in Principal Nonconsolidated Affiliates at December 31
In millions	2016			2015 (1)
Investment in nonconsolidated affiliates	$	3,029		$	3,120
Other noncurrent obligations	(1,030		)	(148		)
Net investment in principal nonconsolidated affiliates	$	1,999		$	2,972

(1) Adjusted to conform to the current year presentation.

Equity Earnings from Principal Nonconsolidated Affiliates
In millions	2016		2015		2014
Equity in earnings of nonconsolidated affiliates	$	449	$	704	$	845

Equity Method Investment Summarized Balance Sheet Information [Table Text Block]

Summarized Balance Sheet Information at December 31
In millions	2016 (1)		2015 (2)
Current assets	$	6,092	$	8,794
Noncurrent assets	28,588		31,723
Total assets	$	34,680	$	40,517
Current liabilities	$	3,953	$	9,850
Noncurrent liabilities	23,223		21,461
Total liabilities	$	27,176	$	31,311
Noncontrolling interests	$	300	$	663

(1) The summarized balance sheet information for 2016 does not include Dow Corning.

(2) The summarized balance sheet information for 2015 does not include Univation; MEGlobal is included as part of EQUATE.

Equity Method Investment Summarized Income Statement Information [Table Text Block]

Summarized Income Statement Information
In millions	2016 (1)		2015 (2)		2014
Sales	$	12,003	$	15,468	$	19,333
Gross profit	$	2,518	$	3,206	$	3,526
Net income	$	831	$	1,343	$	1,673

(1) The summarized income statement information for 2016 includes the results of Dow Corning through May 31, 2016.

(2) The summarized income statement information for 2015 includes the results of Univation through April 30, 2015 and MEGlobal through November 30, 2015.