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RETIREMENT BENEFITS (Tables)
 6 Months Ended
Jun. 30, 2013
Defined Benefit Plan Disclosure  
Retirement benefits, components of net (benefit) expense

  Three Months Ended June 30,  
 
   Pension plans   Postretirement benefit plans  
 
   U.S. plans   Non-U.S. plans   U.S. plans   Non-U.S. plans  
In millions of dollars   2013   2012   2013   2012   2013   2012   2013   2012  

Benefits earned during the period

   $ 3   $ 3   $ 53   $ 50   $ —   $ —   $ 15   $ 7  

Interest cost on benefit obligation

     132     141     97     94     8     11     39     30  

Expected return on plan assets

     (215 )   (224 )   (104 )   (103 )   (1 )   (1 )   (41 )   (29 )

Amortization of unrecognized

                                                  

Prior service cost (benefit)

     (1 )   —     1     1     —     (1 )   —     —  

Net actuarial loss

     28     24     24     20     —     —     11     7  

Curtailment (gain) loss

     —     —     —     8     —     —     —     —  
                                   

Net qualified plans (benefit) expense

   $ (53 ) $ (56 ) $ 71   $ 70   $ 7   $ 9   $ 24   $ 15  
                                   

U.S. nonqualified plans expense

   $ 12   $ 10   $ —   $ —   $ —   $ —   $ —   $ —  
                                   

Total net (benefit) expense

   $ (41 ) $ (46 ) $ 71   $ 70   $ 7   $ 9   $ 24   $ 15  
                                   

Cumulative effect of change in accounting policy(1)

   $ (23 ) $ —   $ —   $ —   $ —   $ —   $ 3   $ —  
                                   

Total adjusted net (benefit) expense

   $ (64 ) $ (46 ) $ 71   $ 70   $ 7   $ 9   $ 27   $ 15  
                                   

 

 
   Six Months Ended June 30,  
 
   Pension plans   Postretirement benefit plans  
 
   U.S. plans   Non-U.S. plans   U.S. plans   Non-U.S. plans  
In millions of dollars   2013   2012   2013   2012   2013   2012   2013   2012  

Benefits earned during the period

   $ 6   $ 6   $ 107   $ 100   $ —   $ —   $ 25   $ 14  

Interest cost on benefit obligation

     258     282     192     184     17     22     76     58  

Expected return on plan assets

     (429 )   (448 )   (205 )   (201 )   (2 )   (2 )   (72 )   (54 )

Amortization of unrecognized

                                                  

Prior service cost (benefit)

     (2 )   —     2     2     —     (1 )   —     —  

Net actuarial loss

     59     48     46     39     —     2     22     13  

Curtailment (gain) loss

     —     —     —     8     —     —     —     —  
                                   

Net qualified plans (benefit) expense

   $ (108 ) $ (112 ) $ 142   $ 132   $ 15   $ 21   $ 51   $ 31  
                                   

U.S. nonqualified plans expense

   $ 24   $ 20   $ —   $ —   $ —   $ —   $ —   $ —  
                                   

Total net (benefit) expense

   $ (84 ) $ (92 ) $ 142   $ 132   $ 15   $ 21   $ 51   $ 31  
                                   

Cumulative effect of change in accounting policy(1)

   $ (23 ) $ —   $ —   $ —   $ —   $ —   $ 3   $ —  
                                   

Total adjusted net (benefit) expense

   $ (107 ) $ (92 ) $ 142   $ 132   $ 15   $ 21   $ 54   $ 31  
                                   
(1)
See Note 1 to the Consolidated Financial Statements for additional information on the change in accounting policy.
Change in Accumulated other comprehensive income (loss)
In millions of dollars(1)   Three months
ended
June 30, 2013		   Six months
ended
June 30, 2013		  

Beginning of period balance, net of tax

   $ (5,016 ) $ (5,270 )
           

Cumulative effect of change in accounting policy

     (22 )   (22 )

Actuarial assumptions changes and plan experience

     1,393     1,595  

Net asset gain due to actual returns exceeding expected returns

     (937 )   (937 )

Net amortizations

     72     145  

Foreign exchange impact and other

     143     216  

Change in deferred taxes, net

     (248 )   (342 )
           

Change, net of tax

     401     655  
           

End of period balance, net of tax(1)

   $ (4,615 ) $ (4,615 )
           
(1)
See Note 17 to the Consolidated Financial Statements for further discussion of net Accumulated other comprehensive income (loss) balance.
Assumptions used in determining pension and postretirement benefit obligations and net benefit expense
At period ended(1)   Jun. 30,
2013		   Mar. 31,
2013		   Year ended
Dec. 31, 2012

U.S. plans(2)

            

Pension

   4.75%   4.20%   3.90%

Postretirement

   4.40   3.60   3.60

Non-U.S. plans

            

Pension

   4.70 to 8.40   4.40 to 7.40   4.50 to 7.70

Weighted average

   6.52   6.09   6.21

Postretirement

   8.40   7.40   7.70

 

 
   Three months ended    
During the period(1)   Jun. 30,
2013		   Mar. 31,
2013		   Year ended
Dec. 31, 2012

U.S. plans(2)

            

Pension

   4.20%   3.90%   4.70%

Postretirement

   3.60   3.60   4.30

Non-U.S. plans

            

Pension

   4.40 to 7.40   4.50 to 7.70   5.20 to 8.50

Weighted average

   6.09   6.21   6.79

Postretirement

   7.40   7.70   8.50
(1)
Per the quarterly remeasurement process, only discount rates for the Significant Plans are listed above. For plan assumptions for All Other Plans, please refer to Note 9 to the Consolidated Financial Statements in the Company's 2012 Annual Report on Form 10-K.

(2)
Weighted-average rates for the U.S. plans equal the stated rates.
Effect of one-percentage-point change in the discount rates on pension expense

  One-percentage-
point increase		  
In millions of dollars   2013   2012  

U.S. plans

   $ 16   $ 18  

Non-U.S. plans

     (19 )   (19 )

 

 
   One-percentage-
point decrease		  
In millions of dollars   2013   2012  

U.S. plans

   $ (36 ) $ (36 )

Non-U.S. plans

     22     25  
Summary of entity's contributions
  Pension plans   Postretirement benefit plans  
 
   U.S. plans(1)   Non-U.S. plans   U.S. plans   Non-U.S. plans  
In millions of dollars   2013   2012   2013   2012   2013   2012   2013   2012  

Company contributions(2) for the six months ended June 30

   $ 21   $ 25   $ 125   $ 75   $ 28   $ 28   $ 168   $ 3  
                                   

Company contributions expected for the remainder of the year

   $ 21   $ 21   $ 88   $ 137   $ 28   $ 27   $ 5   $ 84  
                                   
(1)
The U.S. pension plans include qualified and nonqualified plans.

(2)
Company contributions are composed of cash contributions made to the plans and benefits paid directly to participants by the Company.
Significant plans measured quarterly
  
Defined Benefit Plan Disclosure  
Summary of the funded status and amounts recognized in the Consolidated Balance Sheet for the entity's significant plans

  Six months ended June 30, 2013  
 
   Pension plans   Postretirement plans  
In millions of dollars   U.S. plans(1)   Non-U.S. plans   U.S. plans   Non-U.S. plans  

Change in projected benefit obligation (PBO)

                          

Projected benefit obligation at beginning of year

   $ 13,268   $ 7,399   $ 1,072   $ 2,002  

PBO of plans measured annually at beginning of year(2)

     —     (3,674 )   —     (352 )
                   

Projected benefit obligation at beginning of year for Significant Plans

   $ 13,268   $ 3,725   $ 1,072   $ 1,650  

First quarter activity

     (27 )   10     (216 )   111  
                   

Projected benefit obligation at March 31, 2013 for Significant Plans(2)

   $ 13,241   $ 3,735   $ 856   $ 1,761  

Cumulative effect of change in accounting policy

     (368 )   385     —     81  

Benefits earned during the period

     3     15     —     13  

Interest cost on benefit obligation

     132     61     7     33  

Plan amendments

     —     —     —     —  

Actuarial (gain) loss

     (646 )   (366 )   (59 )   (321 )

Benefits paid net participant contributions

     (164 )   (42 )   (20 )   (13 )

Foreign exchange impact and other

     —     (101 )   —     (86 )
                   

Projected benefit obligation at period end for Significant Plans

   $ 12,198   $ 3,687   $ 784   $ 1,468  
                   

Change in plan assets

                          

Plan assets at fair value at beginning of year

   $ 12,656   $ 7,154   $ 50   $ 1,497  

Plan assets at fair value of plans measured annually at beginning of year(2)

     —     (2,834 )   —     (10 )
                   

Plan assets at fair value at beginning of year for Significant Plans

   $ 12,656   $ 4,320   $ 50     1,487  

First quarter activity

     59     39     (4 )   267  
                   

Plan assets at fair value at March 31, 2013 for Significant Plans(2)

   $ 12,715   $ 4,359   $ 46   $ 1,754  

Cumulative effect of change in accounting policy

     (53 )   126     3     21  

Actual return on plan assets

     53     (377 )   (3 )   (294 )

Company contributions

     —     11     16     —  

Plan participants contributions

     —     —     —     —  

Settlements

     —     —     —     —  

Benefits paid

     (164 )   (42 )   (20 )   (13 )

Foreign exchange impact and other

     —     (98 )   —     (82 )
                   

Plan assets at fair value at period end for Significant Plans

   $ 12,551   $ 3,979   $ 42   $ 1,386  
                   

Funded status of Significant Plans at period end

   $ 353   $ 292   $ (742 ) $ (82 )
                   

Net amount recognized

                          

Benefit asset

   $ 353   $ 393   $ —   $ —  

Benefit liability

     —     (101 )   (742 )   (82 )
                   

Net amount recognized on the balance sheet

   $ 353   $ 292   $ (742 ) $ (82 )
                   

Amounts recognized in Accumulated other comprehensive income (loss)

                          

Prior service benefit

   $ (11 ) $ (2 ) $ (1 ) $ (3 )

Net actuarial loss (gain)

     4,068     1,277     (140 )   704  
                   

Net amount recognized in equity—pretax

   $ 4,057   $ 1,275   $ (141 ) $ 701  
                   

Accumulated benefit obligation at period end

   $ 12,178   $ 3,173     N/A     N/A  
                   
(1)
The U.S. plans exclude nonqualified plans, for which the aggregate PBO was $769 million at the beginning of the year.

(2)
Only Significant Plans are measured quarterly. All Other Plans are only measured annually.
Postemployment Plans
  
Defined Benefit Plan Disclosure  
Retirement benefits, components of net (benefit) expense

  Three Months Ended
June 30,		   Six Months Ended
June 30,		  
In millions of dollars   2013   2012   2013   2012  

Service related expense

                          

Benefits earned during the year

   $ 6   $ 6   $ 13   $ 12  

Interest cost on benefit obligation

     3     3     6     7  

Amortization of unrecognized

                          

Prior service cost

     2     2     4     4  

Net actuarial loss

     3     3     6     6  
                   

Total service related expense

   $ 14   $ 14   $ 29   $ 29  
                   

Non-service related expense

   $ 6   $ 6   $ 13   $ 12  
                   

Total net expense

   $ 20   $ 20   $ 42   $ 41