Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details 2)

v3.6.0.2
INCOME TAXES (Details 2) - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Deferred tax assets:    
Property, plant and equipment $ 144 $ 192
Trademarks and other intangible assets, deferred tax asset 114 68
Equity method investments (including foreign currency translation adjustment), deferred tax asset 684 694
Derivative financial instrument, deferred tax asset 193 161
Other liabilities, deferred tax asset 1,141 1,056
Benefit plans, deferred tax asset 1,599 1,541
Net operating/capital loss carryforwards, deferred tax asset 461 413
Other, deferred tax asset 135 175
Gross deferred tax assets 4,471 4,300
Valuation allowances (530) (477)
Total deferred tax assets 3,941 3,823
Deferred tax liabilities:    
Property, plant and equipment (1,176) (1,887)
Trademarks and other intangible assets, deferred tax liabilities (2,694) (3,422)
Equity method investments (including foreign currency translation adjustment), deferred tax liability (1,718) (1,441)
Derivative financial instruments, deferred tax liabilities (1,121) (687)
Other liabilities, deferred tax liability (149) (216)
Benefit Plans, deferred tax liabilities (487) (367)
Other, deferred tax liability (635) (726)
Total deferred tax liabilities (7,980) (8,746)
Net deferred tax liabilities (4,039) (4,923)
Noncurrent deferred tax assets recorded in other assets 326 360
Current deferred tax assets recorded in prepaid expenses and other assets 80 151
Current deferred tax liabilities recorded in accounts payable and accrued expenses 692 743
Net deferred tax assets or (liabilities) located in countries outside the United States 83 $ 62
Loss carryforwards 4,320  
Loss carryforwards expiring within next five years $ 331