Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details 2)

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INCOME TAXES (Details 2) - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Schedule of income tax    
Current deferred tax assets recorded in prepaid expenses and other assets   $ 80
Deferred tax assets:    
Property, plant and equipment $ 99 144
Trademarks and other intangible assets, deferred tax asset 98 114
Equity method investments (including foreign currency translation adjustment), deferred tax asset 300 684
Derivative financial instrument, deferred tax asset 387 193
Other liabilities, deferred tax asset 861 1,141
Benefit plans, deferred tax asset 977 1,599
Net operating/capital loss carryforwards, deferred tax asset 520 461
Other, deferred tax asset 163 135
Gross deferred tax assets 3,405 4,471
Valuation allowances (501) (530)
Total deferred tax assets 2,904 3,941
Deferred tax liabilities:    
Property, plant and equipment (819) (1,176)
Trademarks and other intangible assets, deferred tax liabilities (978) (2,694)
Equity method investments (including foreign currency translation adjustment), deferred tax liability (1,835) (1,718)
Derivative financial instruments, deferred tax liabilities (436) (1,121)
Other liabilities, deferred tax liability (50) (149)
Benefit Plans, deferred tax liabilities (289) (487)
Other, deferred tax liability (688) (635)
Total deferred tax liabilities (5,095) (7,980)
Net deferred tax liabilities (2,191) (4,039)
Noncurrent deferred tax assets recorded in other assets 331 326
Current deferred tax liabilities recorded in accounts payable and accrued expenses 0 692
Net deferred tax assets or (liabilities) located in countries outside the United States (539) $ 83
Loss carryforwards 4,893  
Loss carryforwards expiring within next five years $ 335