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BORROWINGS (Tables)
 12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Schedule of Long-term Borrowings
 
December 31,
(Dollars in millions)
2016
 
2015
Borrowings consisted of:
 
 
 
2.4% notes due June 2017
$
—

 
$
998

6.30% notes due November 2018
—

 
166

5.5% notes due November 2019
249

 
249

2.7% notes due January 2020
796

 
794

4.5% notes due January 2021
184

 
249

3.6% notes due August 2022
741

 
896

1.50% notes due May 2023
786

 
—

7 1/4% debentures due January 2024
197

 
244

7 5/8% debentures due June 2024
43

 
54

3.8% notes due March 2025
689

 
791

1.875% notes due November 2026
519

 
—

7.60% debentures due February 2027
195

 
222

4.8% notes due September 2042
493

 
492

4.65% notes due October 2044
870

 
869

Credit facilities borrowings
549

 
550

Commercial paper borrowings
280

 
430

Capital leases
3

 
4

Total borrowings
6,594

 
7,008

Borrowings due within one year
283

 
431

Long-term borrowings
$
6,311

 
$
6,577
Schedule of Fair Value of Borrowings


 
 
 
Fair Value Measurements at December 31, 2016
(Dollars in millions)
 
Recorded Amount
December 31, 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
 
$
6,311

 
$
6,586

 
$
6,036

 
$
550

 
$
—

 
 
 
 
 
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

 
$
—