TRADE STRUCTURED FINANCE PROGRAM (Details) - USD ($) $ in Millions |
6 Months Ended | ||
|---|---|---|---|
Jun. 30, 2017 |
Jun. 30, 2016 |
Dec. 31, 2016 |
|
| TRADE STRUCTURED FINANCE PROGRAM | |||
| Net return from activities including fair value changes | $ 18 | $ 30 | |
| Weighted-average interest rate of time deposits (as a percent) | 2.59% | 2.36% | |
| Total net proceeds from issuances of LCs | $ 3,889 | $ 3,242 | |
| Current assets: | |||
| Carrying value of time deposits | $ 64 | ||
| Non-current assets: | |||
| Carrying value of time deposits | 411 | 464 | |
| Current liabilities: | |||
| Carrying value of letters of credit obligations | 411 | 528 | |
| Time deposits and LCs presented net on the consolidated balance sheets | |||
| TRADE STRUCTURED FINANCE PROGRAM | |||
| Face value of time deposits and LCs | 6,182 | 5,732 | |
| Level 2 | |||
| Current assets: | |||
| Fair value (Level 2 measurement) of time deposits | 64 | ||
| Non-current assets: | |||
| Fair value (Level 2 measurement) of time deposits | 411 | 464 | |
| Current liabilities: | |||
| Fair value (Level 2 measurement) of letters of credit obligations | $ 411 | $ 528 | |