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BORROWINGS (Tables) | 6 Months Ended
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Jun. 30, 2016
Debt Disclosure [Abstract] |
Long-term Borrowings |
| June 30, |  | December 31,
(Dollars in millions) | 2016 |  | 2015
Borrowings consisted of: |  |  |
2.4% notes due June 2017 | $ | 499 |  |  | $ | 998 |
6.30% notes due November 2018 | 165 |  |  | 166 |
5.5% notes due November 2019 | 249 |  |  | 249 |
2.7% notes due January 2020 | 795 |  |  | 794 |
4.5% notes due January 2021 | 249 |  |  | 249 |
3.6% notes due August 2022 | 892 |  |  | 896 |
1.50% notes due May 2023 | 604 |  |  | — |
7 1/4% debentures due January 2024 | 244 |  |  | 244 |
7 5/8% debentures due June 2024 | 54 |  |  | 54 |
3.8% notes due March 2025 | 793 |  |  | 791 |
7.60% debentures due February 2027 | 222 |  |  | 222 |
4.8% notes due September 2042 | 492 |  |  | 492 |
4.65% notes due October 2044 | 870 |  |  | 869 |
Credit facilities borrowings | 450 |  |  | 550 |
Commercial paper borrowings | 222 |  |  | 430 |
Capital leases | 4 |  |  | 4 |
Total borrowings | 6,804 |  |  | 7,008 |
Borrowings due within one year | 722 |  |  | 431 |
Long-term borrowings | $ | 6,082 |  |  | $ | 6,577 |
Fair Value of Borrowings |
|  |  |  | Fair Value Measurements at June 30, 2016
(Dollars in millions) |  | Recorded Amount June 30, 2016 |  | Total Fair Value |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Long-term borrowings |  | $ | 6,082 |  |  | $ | 6,569 |  |  | $ | 6,116 |  |  | $ | 453 |  |  | $ | — |
|  |  |  | Fair Value Measurements at December 31, 2015
(Dollars in millions) |  | Recorded Amount December 31, 2015 |  | Total Fair Value |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Long-term borrowings |  | $ | 6,577 |  |  | $ | 6,647 |  |  | $ | 6,094 |  |  | $ | 553 |  |  | $ | — |

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 + Details
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