NOTES PAYABLE, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Short-term Debt [Table Text Block]

Notes Payable at December 31 In millions	2016			2015
Notes payable to banks and other lenders	$	225		$	277
Notes payable to related companies	44			171
Notes payable trade	3			6
Total notes payable	$	272		$	454
Year-end average interest rates	4.60		%	4.00		%

Schedule of Long-term Debt Instruments [Table Text Block]

Long-Term Debt at December 31 In millions	2016 Average Rate		2016			2015 Average Rate		2015
Promissory notes and debentures:
Final maturity 2016	—	%	$	—		2.64	%	$	356
Final maturity 2017	6.06	%	442			6.06	%	442
Final maturity 2018	5.78	%	339			5.78	%	339
Final maturity 2019	8.55	%	2,122			8.55	%	2,123
Final maturity 2020	4.46	%	1,547			4.46	%	1,547
Final maturity 2021	4.72	%	1,424			4.72	%	1,424
Final maturity 2022 and thereafter	5.54	%	8,449			5.54	%	8,448
Other facilities:
U.S. dollar loans, various rates and maturities	1.60	%	4,595			2.32	%	125
Foreign currency loans, various rates and maturities	3.42	%	882			2.74	%	856
Medium-term notes, varying maturities through 2025	3.82	%	1,026			3.79	%	1,082
Tax-exempt bonds, varying maturities through 2038	5.66	%	343			5.66	%	343
Capital lease obligations	—		295			—		76
Unamortized debt discount and issuance costs	—		(373		)	—		(405		)
Long-term debt due within one year (1)	—		(635		)	—		(541		)
Long-term debt	—		$	20,456		—		$	16,215

(1) Presented net of current portion of unamortized debt issuance costs of $24 million at December 31, 2016 and $9 million at

December 31, 2015.

Schedule of Maturities of Long-term Debt [Table Text Block]

Annual Installments on Long-Term Debt for Next Five Years (1) In millions
2017	$	659
2018	$	5,237
2019	$	2,391
2020	$	1,825
2021	$	1,567

(1) Assumes the option to extend a term loan facility

related to the DCC Transaction will be exercised.

Line of Credit Facility [Line Items]

Schedule of Line of Credit Facilities [Table Text Block]

Committed and Available Credit Facilities at December 31, 2016
In millions	Effective Date	Committed Credit		Credit Available		Maturity Date	Interest
Five Year Competitive Advance and Revolving Credit Facility	March 2015	$	5,000	$	5,000	March 2020	Floating rate
Bilateral Revolving Credit Facility	August 2015	100		100		March 2017	Floating rate
Bilateral Revolving Credit Facility	August 2015	100		100		March 2020	Floating rate
Bilateral Revolving Credit Facility	August 2015	280		280		March 2020	Floating rate
Bilateral Revolving Credit Facility	August 2015	100		100		March 2020	Floating rate
Bilateral Revolving Credit Facility	August 2015	100		100		March 2020	Floating rate
Bilateral Revolving Credit Facility	August 2015	200		200		March 2020	Floating rate
Bilateral Revolving Credit Facility	May 2016	200		200		May 2018	Floating rate
Bilateral Revolving Credit Facility	July 2016	200		200		July 2018	Floating rate
Bilateral Revolving Credit Facility	August 2016	100		100		August 2018	Floating rate
DCC Term Loan Facility (1)	February 2016	4,500		—		May 2018	Floating rate
Total Committed and Available Credit Facilities		$	10,880	$	6,380

(1) Drawn on May 31, 2016, by Dow Corning, a wholly owned subsidiary of the Company as of June 1, 2016.