FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Abstract]

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

The following table summarizes 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	Dec 31, 2017								Dec 31, 2016
In millions	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets at fair value:
Cash equivalents 1	$	—	$	2,280	$	—	$	2,280	$	—	$	4,173	$	—	$	4,173
Marketable securities	—		4		—		4		—		—		—		—
Interests in trade accounts receivable conduits 2	—		—		677		677		—		—		1,237		1,237
Equity securities 3	88		52		—		140		619		87		—		706
Debt securities: 3
Government debt 4	—		639		—		639		—		608		—		608
Corporate bonds	—		733		—		733		—		645		—		645
Derivatives relating to: 5
Commodities	47		100		—		147		48		29		—		77
Foreign currency	—		126		—		126		—		193		—		193
Total assets at fair value	$	135	$	3,934	$	677	$	4,746	$	667	$	5,735	$	1,237	$	7,639
Liabilities at fair value:
Long-term debt 6	$	—	$	22,615	$	—	$	22,615	$	—	$	22,807	$	—	$	22,807
Derivatives relating to: 5
Interest rates	—		4		—		4		—		5		—		5
Commodities	31		261		—		292		20		214		—		234
Foreign currency	—		216		—		216		—		139		—		139
Total liabilities at fair value	$	31	$	23,096	$	—	$	23,127	$	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 14 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 21 for the classification of derivatives in the consolidated balance sheets.

6. See Note 21 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 using Level 3 inputs for the years ended December 31, 2017 and 2016:

Fair Value Measurements Using Level 3 Inputs for Interests Held in Trade Receivable Conduits 1	2017			2016
In millions
Balance at Jan 1	$	1,237		$	943
Loss included in earnings 2	(8		)	(1		)
Purchases	1,717			1,552
Settlements	(2,269		)	(1,257		)
Balance at Dec 31	$	677		$	1,237

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.

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]

The following table summarizes the bases used to measure certain assets at fair value on a nonrecurring basis in the consolidated balance sheets in 2017, 2016 and 2015:

Basis of Fair Value Measurements on a Nonrecurring Basis at Dec 31	Quoted Prices in Active Markets for Identical Items (Level 1)		Significant Other Unobservable Inputs (Level 3)		Total Losses
In millions
2017
Assets at fair value:
Long-lived assets, intangible assets, other assets and equity method investments	$	—	$	61	$	(1,226	)
Goodwill	$	—	$	—	$	(1,491	)
2016
Assets at fair value:
Long-lived assets, other assets and equity method investments	$	46	$	—	$	(296	)
2015
Assets at fair value:
Long-lived assets, equity method investments, investments and other assets	$	—	$	24	$	(313	)