Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Components Of Earnings Before Income Taxes by Geographic Region

	Year Ended
(In millions)	December 31
	2015		2014		2013
United States	$	1,155	$	2,224	$	1,509
Foreign	1,129		906		515
	$	2,284	$	3,130	$	2,024

Significant Components Of Income Taxes

	Year Ended
(In millions)	December 31
	2015			2014			2013
Current
Federal	$	270		$	641		$	348
State	17			57			14
Foreign	158			235			146
Deferred
Federal	17			(29		)	112
State	9			28			(5		)
Foreign	(33		)	(55		)	55
	$	438		$	877		$	670

Significant Components Of Deferred Tax Liabilities And Assets

	December 31, 2015			December 31, 2014
	(In millions)
Deferred tax liabilities
Property, plant, and equipment	$	1,651		$	1,717
Equity in earnings of affiliates	306			394
Debt exchange	133			135
Inventories	18			57
Other	109			192
	$	2,217		$	2,495
Deferred tax assets
Pension and postretirement benefits	$	374		$	460
Stock compensation	70			55
Foreign tax credit carryforwards	90			76
Foreign tax loss carryforwards	301			305
Capital loss carryforwards	22			21
State tax attributes	62			70
Unrealized foreign currency losses	71			86
Reserves and other accruals	26			43
Other	125			271
Gross deferred tax assets	1,141			1,387
Valuation allowances	(302		)	(347		)
Net deferred tax assets	$	839		$	1,040
Net deferred tax liabilities	$	1,378		$	1,455
The net deferred tax liabilities are classified as follows:
Current assets	$	—		$	17
Current assets (foreign)	—			137
Current liabilities (foreign)	—			(33		)
Noncurrent assets (foreign)	185			86
Noncurrent liabilities	(1,394		)	(1,316		)
Noncurrent liabilities (foreign)	(169		)	(346		)
	$	(1,378	)	$	(1,455	)

Reconciliation Of The Statutory Federal Income Tax Rate To The Company's Effective Tax Rate On Earnings

	Year Ended
	December 31
	2015		2014		2013
Statutory rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal tax benefit	0.8		2.1		0.2
Foreign earnings taxed at rates other than the U.S. statutory rate	(9.9	)	(4.8	)	(3.7	)
Foreign currency effects/remeasurement	(1.8	)	0.1		(0.9	)
Income tax adjustment to filed returns	1.9		(2.5	)	0.5
Tax benefit on U.S. biodiesel credits	(1.6	)	(1.1	)	(5.1	)
Tax benefit on U.S. qualified production activity deduction	(1.8	)	(1.8	)	(1.4	)
Valuation allowances	(3.1	)	—		8.0
Other	(0.3	)	1.0		0.5
Effective income tax rate	19.2	%	28.0	%	33.1	%

Unrecognized Tax Benefits

	Unrecognized Tax Benefits
	December 31, 2015			December 31, 2014
	(In millions)
Beginning balance	$	72		$	66
Additions related to current year’s tax positions	1			5
Additions related to prior years’ tax positions	17			7
Additions related to acquisitions	7			—
Reductions related to prior years’ tax positions	(19		)	(3		)
Reductions related to lapse of statute of limitations	(6		)	—
Settlements with tax authorities	(23		)	(3		)
Ending balance	$	49		$	72