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PAYABLES AND OTHER CURRENT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2016

Payables and Accruals [Abstract]

Schedule of Payables and Other Current Liabilities

	December 31,
(Dollars in millions)	2016				2015
Trade creditors	$	704			$	699
Accrued payrolls, vacation, and variable-incentive compensation	196				227
Accrued taxes	106				80
Post-employment obligations	110				120
Derivative hedging liability	72				218
Other	324				281
Total payables and other current liabilities	$	1,512			$	1,625

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- Definition

Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.

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