FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2017

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following tables summarize the bases used to measure certain assets and liabilities at fair value on a recurring basis:

Basis of Fair Value Measurements on a Recurring Basis at Sep 30, 2017 In millions	Quoted Prices in Active Markets for Identical Items (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets at fair value:
Cash equivalents 1	$	—	$	4,696	$	—	$	4,696
Interests in trade accounts receivable conduits 2	—		—		1,839		1,839
Equity securities 3	94		51		—		145
Debt securities: 3
Government debt 4	—		603		—		603
Corporate bonds	—		660		—		660
Derivatives relating to: 5
Commodities	41		99		—		140
Foreign currency	—		201		—		201
Total assets at fair value	$	135	$	6,310	$	1,839	$	8,284
Liabilities at fair value:
Long-term debt 6	$	—	$	22,757	$	—	$	22,757
Derivatives relating to: 5
Interest rates	—		4		—		4
Commodities	22		274		—		296
Foreign currency	—		277		—		277
Total liabilities at fair value	$	22	$	23,312	$	—	$	23,334

1. Treasury Bills, Time Deposits, and money market funds included in "Cash and cash equivalents" in the consolidated balance sheets and held at amortized cost, which approximates fair value.

2. Included in "Accounts and notes receivable - Other" in the consolidated balance sheets. See Note 11 for additional information on transfers of financial assets.

3. The Company’s investments in equity and debt securities are primarily classified as available-for-sale and are included in “Other investments” in the consolidated balance sheets.

4. U.S. Treasury obligations, U.S. agency obligations, agency mortgage-backed securities and other municipalities’ obligations.

5. See Note 18 for the classification of derivatives in the consolidated balance sheets.

6. See Note 18 for information on fair value measurements of long-term debt.

Basis of Fair Value Measurements on a Recurring Basis at December 31, 2016 In millions	Quoted Prices in Active Markets for Identical Items (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets at fair value:
Cash equivalents 1	$	—	$	4,173	$	—	$	4,173
Interests in trade accounts receivable conduits 2	—		—		1,237		1,237
Equity securities 3	619		87		—		706
Debt securities: 3
Government debt 4	—		608		—		608
Corporate bonds	—		645		—		645
Derivatives relating to: 5
Commodities	48		29		—		77
Foreign currency	—		193		—		193
Total assets at fair value	$	667	$	5,735	$	1,237	$	7,639
Liabilities at fair value:
Long-term debt 6	$	—	$	22,807	$	—	$	22,807
Derivatives relating to: 5
Interest rates	—		5		—		5
Commodities	20		214		—		234
Foreign currency	—		139		—		139
Total liabilities at fair value	$	20	$	23,165	$	—	$	23,185

1. Treasury Bills, Time Deposits, and money market funds included in "Cash and cash equivalents" in the consolidated balance sheets and held at amortized cost, which approximates fair value.

2. Included in "Accounts and notes receivable - Other" in the consolidated balance sheets. See Note 11 for additional information on transfers of financial assets.

3. The Company’s investments in equity and debt securities are primarily classified as available-for-sale and are included in “Other investments” in the consolidated balance sheets.

4. U.S. Treasury obligations, U.S. agency obligations, agency mortgage-backed securities and other municipalities’ obligations.

5. See Note 18 for the classification of derivatives in the consolidated balance sheets.

6. See Note 18 for information on fair value measurements of long-term debt.

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table summarizes the changes in fair value measurements of interests held in trade receivable conduits using Level 3 inputs for the three- and nine-month periods ended September 30, 2017 and 2016:

Fair Value Measurements Using Level 3 Inputs for Interests Held in Trade Receivable Conduits 1	Three Months Ended						Nine Months Ended
	Sep 30, 2017			Sep 30, 2016			Sep 30, 2017			Sep 30, 2016
In millions
Balance at beginning of period	$	1,684		$	1,149		$	1,237		$	943
Loss included in earnings 2	(15		)	—			(17		)	(1		)
Purchases	305			480			1,558			1,440
Settlements	(135		)	(129		)	(939		)	(882		)
Balance at end of period	$	1,839		$	1,500		$	1,839		$	1,500

1. Included in “Accounts and notes receivable – Other” in the consolidated balance sheets.

2. Included in “Selling, general and administrative expenses” in the consolidated statements of income.