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PROPERTY AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2015
PROPERTY AND EQUIPMENT  
Schedule of property and equipment

                                                                                                                                                                                    

 

 

 

(In Millions)

 

 

 

At December 31

 

 

 

2015

 

2014

 

Land and improvements

 

$

115

 

$

122

 

Buildings

 

 

672

 

 

715

 

Machinery and equipment

 

 

1,787

 

 

1,790

 

​  

​  

​  

​  

 

 

 

2,574

 

 

2,627

 

Less: Accumulated depreciation

 

 

(1,547

)

 

(1,581

)

​  

​  

​  

​  

Total

 

$

1,027

 

$

1,046

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of future minimum lease payments

        At December 31, 2015, future minimum lease payments were as follows, in millions:

 

                                                                                                                                                                                    

 

2016

 

$

38 

 

2017

 

 

27 

 

2018

 

 

20 

 

2019

 

 

16 

 

2020

 

 

11 

 

2021 and beyond

 

 

65