Impairments and Other Charges (Tables)

9 Months Ended

Sep. 30, 2015

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs [Table Text Block]

The following table presents various charges we recorded during the three and nine months ended September 30, 2015 as a result of the downturn in the energy market and other matters:

Millions of dollars	Three Months Ended September 30, 2015		Nine Months Ended September 30, 2015		Income Statement Classification
Economic downturn:
Fixed asset impairments	$	154	$	648	Impairments and other charges
Severance costs	96		308		Impairments and other charges
Inventory write-downs	64		410		Impairments and other charges
Intangible asset impairments	37		209		Impairments and other charges
Other	21		173		Impairments and other charges
Other matters:
Country closures	4		81		Impairments and other charges
Other	5		66		Impairments and other charges
Total impairments and other charges	$	381	$	1,895
Venezuela currency devaluation loss	—		199		Other, net
Total charges	$	381	2,094