ACQUISITIONS ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2015

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