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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Sales and other operating revenues:        
Trade $ 6,587 $ 8,527 $ 19,261 $ 25,920
Related parties 189 195 555 628
Sales revenue, net 6,776 8,722 19,816 26,548
Operating costs and expenses:        
Cost of sales 5,885 7,269 17,647 22,257
Impairment of long-lived assets 582   582  
Selling, general and administrative expenses 259 303 842 892
Research and development expenses 27 26 79 81
Costs and expenses 6,753 7,598 19,150 23,230
Operating income 23 1,124 666 3,318
Interest expense (122) (86) (336) (259)
Interest income 3 5 10 16
Other income, net 23 11 27 46
(Loss) income from continuing operations before equity investments and income taxes (73) 1,054 367 3,121
Income from equity investments 62 51 123 179
(Loss) income from continuing operations before income taxes (11) 1,105 490 3,300
(Benefit from) provision for income taxes (125) 136 (82) 508
Income from continuing operations 114 969 572 2,792
Loss from discontinued operations, net of tax 0 (4) 0 (7)
Net income 114 965 572 2,785
Dividends on redeemable non-controlling interests (2) (2) (5) (5)
Net income attributable to the Company shareholders $ 112 $ 963 $ 567 $ 2,780
Net income (loss) attributable to the Company shareholders - Basic:        
Continuing operations (in dollars per share) $ 0.33 $ 2.86 $ 1.69 $ 7.74
Discontinued operations (in dollars per share) 0 (0.01) 0 (0.02)
Basic (in dollars per share) 0.33 2.85 1.69 7.72
Net income (loss) attributable to the Company shareholders - Diluted:        
Continuing operations (in dollars per share) 0.33 2.86 1.69 7.74
Discontinued operations (in dollars per share) 0 (0.01) 0 (0.02)
Diluted (in dollars per share) $ 0.33 $ 2.85 $ 1.69 $ 7.72