ENVIRONMENTAL MATTERS AND ASSET RETIREMENT OBLIGATIONS (Tables)

3 Months Ended

Mar. 31, 2017

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)	March 31, 2017		December 31, 2016
Environmental contingent liabilities, current	$	30	$	30
Environmental contingent liabilities, long-term	288		291
Total	$	318	$	321

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 three months 2017 are summarized below:



(Dollars in millions)	Environmental Remediation Liabilities
Balance at December 31, 2016	$	295
Changes in estimates recognized in earnings and other	2
Cash reductions	(6		)
Balance at March 31, 2017	$	291