DERIVATIVES AND HEDGING ACTIVITIES (Tables)
 9 Months Ended
Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Financial Instruments [Table Text Block]
The notional amounts of qualifying and non-qualifying financial instruments used in hedging transactions were as follows:
In millions
September 30, 2016
 
December 31, 2015
 
Derivatives in Cash Flow Hedging Relationships:
 
 
 
 
Foreign exchange contracts (a)
$
260

 
$
290

 
Derivatives in Fair Value Hedging Relationships:
 
 
 
 
Interest rate contracts
—

 
17

 
Derivatives Not Designated as Hedging Instruments:
 
 
 
 
Electricity contract
6

 
16

 
Foreign exchange contracts
22

 
35

 
Interest rate contracts
—

 
38



(a)
These contracts had maturities of two years or less as of September 30, 2016.
Gains Or Losses Recognized In Accumulated Other Comprehensive Income (AOCI), Net Of Tax, Related To Derivative Instruments [Table Text Block]
The following table shows gains or losses recognized in AOCI, net of tax, related to derivative instruments: 
 
Gain (Loss)
Recognized in
AOCI
on Derivatives
(Effective Portion)
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
In millions
2016
 
2015
 
2016
 
2015
Foreign exchange contracts
$
5

 
$
(8
)
 
$
6

 
$
(2
)
Interest rate contracts
—

 
—

 
(11
)
 
—

Total
$
5

 
$
(8
)
 
$
(5
)
 
$
(2
)
Gains And Losses Recognized In Consolidated Statement Of Operations On Qualifying And Non-Qualifying Financial Instruments [Table Text Block]
The amounts of gains and losses recognized in the consolidated statement of operations on qualifying and non-qualifying financial instruments used in hedging transactions were as follows:
 
Gain (Loss)
Reclassified from
AOCI
(Effective Portion)
Location of Gain (Loss)
Reclassified from AOCI
(Effective Portion)
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
In millions
2016
 
2015
 
2016
 
2015
 
Derivatives in Cash Flow Hedging Relationships:
 
 
 
 
 
 
 
 
Foreign exchange contracts
$
3

 
$
(7
)
 
$
7

 
$
(12
)
Cost of products sold
Total
$
3

 
$
(7
)
 
$
7

 
$
(12
)
 
 
Gain (Loss) Recognized
 
Location of Gain (Loss)
In Consolidated
Statement
of Operations
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
 
In millions
2016
 
2015
 
2016
 
2015
 
 
Derivatives in Fair Value Hedging Relationships:
 
 
 
 
 
 
 
 
 
Interest rate contracts
$
—

 
$
—

 
$
—

 
$
3

 
Interest expense, net
Debt
—

 
—

 
—

 
(3
)
 
Interest expense, net
Total
$
—

 
$
—

 
$
—

 
$
—

 
 
Derivatives Not Designated as Hedging Instruments:
 
 
 
 
 
 
 
 
 
Electricity contract
$
—

 
$
(7
)
 
$
—

 
$
(6
)
 
Cost of products sold
Foreign exchange contracts
—

 
(1
)
 
—

 
(3
)
 
Cost of products sold
Interest rate contracts
2

(a)
2


5

 
11

(b)
Interest expense, net
Total
$
2

 
$
(6
)
 
$
5

 
$
2

 
 

    
(a) Excluding gain of $2 million related to debt reduction recorded to Restructuring and other charges.
(b)
Excluding gain of $3 million related to debt reduction recorded to Restructuring and other charges.
Schedule of Interest Rate Derivative Activity [Table Text Block]
The following activity is related to fully effective interest rate swaps designated as fair value hedges:
  


2016

 



2015

 
In millions
Issued

 
Terminated

 
Undesignated


Issued


Terminated

 
Undesignated

Second Quarter
$
—

 
$
—

 
$
—

 
$
—

 
$
175

 
$
38

First Quarter
—

 
55

  
—

 
—


—


—

Total
$
—

  
$
55

  
$
—

 
$
—

 
$
175

  
$
38
Impact Of Derivative Instruments In Consolidated Balance Sheet [Table Text Block]
The following table provides a summary of the impact of our derivative instruments in the consolidated balance sheet:

Fair Value Measurements
Level 2 – Significant Other Observable Inputs
 
 
Assets
 
Liabilities
 
In millions
September 30, 2016
 
December 31, 2015
 
September 30, 2016
 
December 31, 2015
 
Derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
Foreign exchange contracts – cash flow
$
6

(a) 
$
5

(a)
$
1

(b)
$
1

(b)
Total derivatives designated as hedging instruments
$
6

  
$
5

 
$
1

  
$
1

  
Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
Electricity contract
$
—


$
—


$
3

(b)
$
7

(c)
Foreign exchange contracts
1

(a)
—


—

 
—

 
Total derivatives not designated as hedging instruments
$
1

  
$
—

 
$
3

  
$
7

  
Total derivatives
$
7

  
$
5

 
$
4

  
$
8

  
 
(a)
Included in Other current assets in the accompanying consolidated balance sheet.
(b)
Included in Other accrued liabilities in the accompanying consolidated balance sheet.
(c)
Includes $4 million recorded in Other accrued liabilities and $3 million recorded in Other liabilities in the accompanying consolidated balance sheet.