Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details 2)

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INCOME TAXES (Details 2) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Deferred tax assets:    
Property, plant and equipment $ 102 $ 89
Trademarks and other intangible assets, deferred tax asset 63 77
Equity method investments (including foreign currency translation adjustment), deferred tax asset 243 209
Derivative financial instrument, deferred tax asset 50 116
Other liabilities, deferred tax asset 1,102 1,178
Benefit plans, deferred tax asset 1,237 1,808
Net operating/capital loss carryforwards, deferred tax asset 790 782
Other, deferred tax asset 225 320
Gross deferred tax assets 3,812 4,579
Valuation allowances (586) (487)
Total deferred tax assets 3,226 4,092
Deferred tax liabilities:    
Property, plant and equipment (2,417) (2,204)
Trademarks and other intangible assets, deferred tax liabilities (4,192) (4,133)
Equity method investments (including foreign currency translation adjustment), deferred tax liability (1,070) (712)
Derivative financial instruments, deferred tax liabilities (147) (140)
Other liabilities, deferred tax liability (69) (144)
Benefit Plans, deferred tax liabilities (473) (495)
Other, deferred tax liability (810) (929)
Total deferred tax liabilities (9,178) (8,757)
Net deferred tax liabilities (5,952) (4,665)
Noncurrent deferred tax assets recorded in other assets 328 403
Current deferred tax assets recorded in prepaid expenses and other assets 211 244
Current deferred tax liabilities recorded in accounts payable and accrued expenses 339 331
Net deferred tax assets or (liabilities) located in countries outside the United States (198) 70
Loss carryforwards 6,914  
Loss carryforwards expiring within next five years $ 488