XML 57 R33.htm IDEA: XBRL DOCUMENT

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill follow:



(Dollars in millions)	Additives & Functional Products				Adhesives & Plasticizers				Advanced Materials				Chemical Intermediates				Other Segments				Total
Balance at December 31, 2014	$	1,858			$	118			$	1,297			$	1,200			$	13			$	4,486
Impairments	—				—				—				—				(3		)		(3		)
Adjustments resulting from the finalization of fair values related to the Taminco acquisition	8				—				—				38				—				46
Currency translation adjustments and other	(1		)		(7		)		(4		)		1				—				(11		)
Balance at December 31, 2015	$	1,865			$	111			$	1,293			$	1,239			$	10			$	4,518
Transfers of goodwill resulting from resegmentation	583				(111		)		—				(472		)		—				—
Currency translation adjustments ⁽¹⁾	(32		)		—				(18		)		(7		)		—				(57		)
Balance at December 31, 2016	$	2,416			$	—			$	1,275			$	760			$	10			$	4,461

Schedule of Finite Lived and Indefinite Lived Intangible Assets by Major Class



				December 31, 2016												December 31, 2015
(Dollars in millions)	Estimated Useful Life in Years			Gross Carrying Value				Accumulated Amortization				Net Carrying Value				Gross Carrying Value				Accumulated Amortization				Net Carrying Value
Amortizable intangible assets:
Customer relationships	15	-	25	$	1,542			$	267			$	1,275			$	1,547			$	187			$	1,360
Technology	7	-	20	675				196				479				680				146				534
Contracts		5		180				75				105				180				39				141
Other	5	-	37	99				14				85				99				10				89

Indefinite-lived intangible assets:
Tradenames				525				—				525				526				—				526
Total identified intangible assets				$	3,021			$	552			$	2,469			$	3,032			$	382			$	2,650