Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2011

Commitments and Contingent Liabilities [Abstract]



	Short-Term		Long-Term		Total
Obligations for customers and suppliers¹:
Bank borrowings (terms up to 5 years)	$	278	$	83	$	361
Leases on equipment and facilities (terms up to 3 years)	—		1		1
Obligations for equity affiliates²:
Bank borrowings (terms less than 2 years)	199		2		201
Total obligations for customers, suppliers, and equity affiliates	477		86		563
Obligations for divested subsidiaries:
Conoco (terms up to 15 years)³	—		16		16
Other (terms up to 6 years)	—		4		4
Total	$	477	$	106	$	583

1.Existing guarantees for customers and suppliers arose as part of contractual agreements.

2.Existing guarantees for equity affiliates arose for liquidity needs in normal operations.


^3.	The company has guaranteed certain obligations and liabilities related to a divested subsidiary, Conoco, which has indemnified the company for any liabilities the company may incur pursuant to these guarantees.

- Definition

Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties.

+ References+ Details