Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details 2)

v3.3.1.900
INCOME TAXES (Details 2) - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Deferred tax assets:    
Property, plant and equipment $ 192 $ 96
Trademarks and other intangible assets, deferred tax asset 68 68
Equity method investments (including foreign currency translation adjustment), deferred tax asset 694 462
Derivative financial instrument, deferred tax asset 161 134
Other liabilities, deferred tax asset 1,056 1,082
Benefit plans, deferred tax asset 1,541 1,673
Net operating/capital loss carryforwards, deferred tax asset 413 729
Other, deferred tax asset 175 196
Gross deferred tax assets 4,300 4,440
Valuation allowances (477) (649)
Total deferred tax assets 3,823 3,791
Deferred tax liabilities:    
Property, plant and equipment (1,887) (2,342)
Trademarks and other intangible assets, deferred tax liabilities (3,422) (4,020)
Equity method investments (including foreign currency translation adjustment), deferred tax liability (1,441) (1,038)
Derivative financial instruments, deferred tax liabilities (687) (457)
Other liabilities, deferred tax liability (216) (110)
Benefit Plans, deferred tax liabilities (367) (487)
Other, deferred tax liability (726) (944)
Total deferred tax liabilities (8,746) (9,398)
Net deferred tax liabilities (4,923) (5,607)
Noncurrent deferred tax assets recorded in other assets 360 319
Current deferred tax assets recorded in prepaid expenses and other assets 151 160
Current deferred tax liabilities recorded in accounts payable and accrued expenses 743 450
Net deferred tax assets or (liabilities) located in countries outside the United States 62 $ 643
Loss carryforwards 4,419  
Loss carryforwards expiring within next five years $ 356