Quarterly report pursuant to Section 13 or 15(d)

DISCONTINUED OPERATIONS AND BUSINESS DISPOSITIONS - CHEMICAL INTERMEDIATES (Details)

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DISCONTINUED OPERATIONS AND BUSINESS DISPOSITIONS - CHEMICAL INTERMEDIATES (Details) - USD ($)
shares in Millions, $ in Millions
 1 Months Ended 9 Months Ended
Aug. 31, 2020
Sep. 30, 2020
Jan. 03, 2020
Dec. 31, 2019
BUSINESS DISPOSITIONS        
Proceeds from sale of businesses   $ 1,923    
Cash paid for income taxes on the proceeds from the sale of business   188    
Chemical Intermediates Businesses | Discontinued Operations, Held-for-sale        
Carrying amounts of major classes of assets held for sale:        
Accounts receivable       $ 145
Inventories       105
Property, plant and equipment       720
Operating lease right-of-use assets       69
Deferred income taxes       4
Other noncurrent assets       165
Total assets held for sale       1,208
Carrying amounts of major classes of liabilities held for sale:        
Accounts payable       152
Accrued liabilities       26
Current operating lease liabilities       20
Deferred income taxes       135
Noncurrent operating lease liabilities       51
Other noncurrent liabilities       128
Total liabilities held for sale       $ 512
Chemical Intermediates Businesses | Discontinued Operations, Disposed of by Sale        
BUSINESS DISPOSITIONS        
Purchase price of disposition     $ 2,000  
Cash purchase price, including adjustments     1,920  
Underfunded pension and other post-employment benefit liabilities     $ 72  
Proceeds from sale of businesses   1,920    
Net after-tax gain on disposal   748    
Cash paid for income taxes on the proceeds from the sale of business   188    
Expected income taxes to paid if equity method investment shares are sold   37    
Expected income taxes to paid if equity method investment shares are not sold   187    
Venator Materials PLC        
BUSINESS DISPOSITIONS        
Purchase price of disposition $ 100      
Shares to be sold 42.5      
Estimated tax benefit related to capital loss on sale of Venator   $ 150