INVENTORIES (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Inventory Combining Work In Process And Raw Materials Alternative Gross Abstract
Raw materials	$ 1,179	$ 1,120
Work in process	854	826
Finished products	2,736	2,590
Inventory, Gross	4,769	4,536
Reduction to LIFO cost basis	(91)	(116)
Inventories	$ 4,678	$ 4,420

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Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of merchandise or goods held by the company that are readily available for sale.

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Gross amount, as of the balance sheet date, of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

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Amount of difference between inventory at lower of LIFO cost or market and inventory at lower of other inventory accounting method cost or market, for example, but not limited to, FIFO or average cost.

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Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.

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Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of unprocessed items to be consumed in the manufacturing or production process.

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Carrying amount, net of reserves and adjustments, as of the balance sheet date of merchandise or goods which are partially completed. This inventory is generally comprised of raw materials, labor and factory overhead costs, which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing.

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