XML 18 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
COMBINED AND CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 105 $ 0
Trade receivables, net 441 30
Inventories 72 75
Other current assets 279 149
Total current assets 897 254
PROPERTY, PLANT AND EQUIPMENT 22,580 20,972
Accumulated depreciation, depletion and amortization (7,855) (6,964)
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET 14,725 14,008
OTHER ASSETS 35 35
TOTAL ASSETS 15,657 14,297
CURRENT LIABILITIES    
Accounts payable 584 448
Accrued liabilities 268 241
Total current liabilities 852 689
DEFERRED INCOME TAXES 3,404 3,122
OTHER LONG-TERM LIABILITIES 532 497
Liabilities, Noncurrent, Total 3,936 3,619
NET INVESTMENT    
Net parent company investment 10,891 10,013
Accumulated other comprehensive income (22) (24)
Total net investment 10,869 9,989
TOTAL LIABILITIES AND NET INVESTMENT 15,657 14,297
Pro Forma
   
CURRENT ASSETS    
Cash and cash equivalents 105  
Trade receivables, net 441  
Inventories 72  
Other current assets 279  
Total current assets 897  
PROPERTY, PLANT AND EQUIPMENT 22,580  
Accumulated depreciation, depletion and amortization (7,855)  
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET 14,725  
OTHER ASSETS 35  
TOTAL ASSETS 15,657  
CURRENT LIABILITIES    
Accounts payable 584  
Accrued liabilities 268  
Dividend payable to Occidental 6,000  
Total current liabilities 6,852  
DEFERRED INCOME TAXES 3,404  
OTHER LONG-TERM LIABILITIES 532  
Liabilities, Noncurrent, Total 3,936  
NET INVESTMENT    
Net parent company investment 4,891  
Accumulated other comprehensive income (22)  
Total net investment 4,869  
TOTAL LIABILITIES AND NET INVESTMENT $ 15,657