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ENVIRONMENTAL MATTERS AND ASSET RETIREMENT OBLIGATIONS (Tables) | 9 Months Ended
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Sep. 30, 2016
Accrual for Environmental Loss Contingencies Disclosure [Abstract] |
Schedule of environmental liabilities, current and non-current | The Company's total environmental reserve that management believes to be probable and estimable for environmental contingencies, including remediation costs and asset retirement obligations, is included as part of "Payables and other current liabilities" and "Other long-term liabilities" in the Unaudited Consolidated Statements of Financial Position as follows:
(Dollars in millions) | September 30, 2016 |  | December 31, 2015
Environmental contingent liabilities, current | $ | 30 |  |  | $ | 35 |
Environmental contingent liabilities, long-term | 295 |  |  | 301 |
Total | $ | 325 |  |  | $ | 336 |
Schedule of changes to environmental remediation liabilities | The amounts charged to pre-tax earnings for environmental remediation and related charges are included within "Cost of sales" in the Unaudited Consolidated Statements of Earnings, Comprehensive Income and Retained Earnings. Changes in the reserves for environmental remediation liabilities during first nine months 2016 are summarized below:
(Dollars in millions) | Environmental Remediation Liabilities
Balance at December 31, 2015 | $ | 308 |
Changes in estimates recognized in earnings and other | 10 |
Cash reductions | (18 | )
Balance at September 30, 2016 | $ | 300 |

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