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ACQUISITIONS ACQUISITIONS (Tables) | 9 Months Ended
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Sep. 30, 2015
Taminco [Member] |
Acquired Finite-Lived Intangible Assets [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | llowing table summarizes the preliminary purchase price allocation for the Taminco acquisition. Any subsequent adjustments are not expected to have a material impact on the Company's results of operations.
Assets acquired and liabilities assumed |  |  |  |  |
(Dollars in millions) | December 31, 2014 |  | 2015 Net Adjustments to Fair Value |  | September 30, 2015
Current assets | $ | 266 |  |  | $ | (3 | ) |  | $ | 263 |
Properties and equipment | 658 |  |  | (3 | ) |  | 655 |
Intangible assets | 1,002 |  |  | (13 | ) |  | 989 |
Other noncurrent assets | 37 |  |  | 1 |  |  | 38 |
Goodwill | 1,509 |  |  | 32 |  |  | 1,541 |
Current liabilities | (161 | ) |  | 1 |  |  | (160 | )
Long-term liabilities | (546 | ) |  | (15 | ) |  | (561 | )
Total purchase price, net of cash acquired | $ | 2,765 |  |  | $ | — |  |  | $ | 2,765 |
Acqu
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] | Acquired intangible assets are definite-lived assets and consist primarily of customer relationships, developed technologies, and contracts.
Intangible Assets acquired |  |  |
(Dollars in millions) | Fair Value |  | Weighted-Average Amortization Period (Years)
Amortizable intangible assets |  |  |
Customer relationships | $ | 604 |  |  | 24
Developed technologies | 205 |  |  | 17
Contracts | 180 |  |  | 5
Total | $ | 989 |  |  |
Business Combination, Segment Allocation [Table Text Block] | Goodwill from the Taminco acquisition has been preliminarily allocated to certain of the Company's reportable segments as set out in the table below. None of the goodwill is deductible for tax purposes.
Goodwill | Goodwill by Segment
(Dollars in millions) |
Additives & Functional Products | $ | 918 |
Specialty Fluids & Intermediates | 623 |
Total | $ | 1,541 |
Commonwealth [Member] |
Acquired Finite-Lived Intangible Assets [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following table summarizes the final purchase price allocation for the Commonwealth acquisition:
Assets acquired and liabilities assumed |
(Dollars in millions) | As of December 11, 2014
Current assets | $ | 51 |
Machinery and equipment | 38 |
Goodwill | 274 |
Intangible assets | 125 |
Long-term liabilities | (50 | )
Total purchase price | $ | 438 |
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] |
Intangible Assets acquired |  |  |
(Dollars in millions) | Fair Value |  | Weighted-Average Amortization Period (Years)
Amortizable intangible assets |  |  |
Customer relationships | $ | 72 |  |  | 14
Developed technologies | 41 |  |  | 18
Indefinite-lived intangible asset |  |  |
Brand name | 12 |  |  |
Total | $ | 125 |  |  |

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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
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