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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2017

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				Total
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	(32		)		—				(18		)		(7		)		—				(57		)
Balance at December 31, 2016	2,416				—				1,275				760				10				4,461
Acquisitions	17				—				—				—				—				17
Goodwill written off as a result of sale of business	(1		)		—				—				—				—				(1		)
Currency translation adjustments	27				—				14				9				—				50
Balance at December 31, 2017	$	2,459			$	—			$	1,289			$	769			$	10			$	4,527

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



				December 31, 2017												December 31, 2016
(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	8	-	25	$	1,583			$	345			$	1,238			$	1,542			$	267			$	1,275
Technology	7	-	20	690				247				443				675				196				479
Contracts		5		180				111				69				180				75				105
Other	5	-	37	102				19				83				99				14				85

Indefinite-lived intangible assets:
Tradenames				530				—				530				525				—				525
Other				10				—				10				10				—				10
Total identified intangible assets				$	3,095			$	722			$	2,373			$	3,031			$	552			$	2,479