SUPPLEMENTAL CASH FLOW INFORMATION

12 Months Ended

Dec. 31, 2016

Supplemental Cash Flow Information [Abstract]

Cash Flow, Supplemental Disclosures [Text Block]

SUPPLEMENTAL CASH FLOW INFORMATION

Included in the line item "Other items, net" of the "Operating activities" section of the Consolidated Statements of Cash Flows are specific changes to certain balance sheet accounts as follows:



	For years ended December 31,
(Dollars in millions)	2016			2015			2014
Current assets	$	(35	)	$	5		$	(12	)
Other assets	37			75			45
Current liabilities	(98		)	22			(88		)
Long-term liabilities	(29		)	(72		)	52
Total	$	(125	)	$	30		$	(3	)

The above changes included transactions such as accrued taxes, deferred taxes, environmental liabilities, monetized positions from raw material and energy, currency, and certain interest rate hedges, prepaid insurance, miscellaneous deferrals, value-added taxes, and other miscellaneous accruals.

Cash flows from derivative financial instruments accounted for as hedges are classified in the same category as the item being hedged.



	For years ended December 31,
(Dollars in millions)	2016			2015			2014
Cash paid for interest and income taxes is as follows:
Interest, net of amounts capitalized	$	280		$	265		$	184
Income taxes	120			124			152
Non-cash investing and financing activities:
Outstanding trade payables related to capital expenditures	34			10			19
(Gain) loss from equity investments	(15		)	(15		)	(13		)