Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2015

Acquisitions and Dispositions [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]

A summary of the carrying amounts of assets and liabilities held for sale on our consolidated balance sheet as of December 31, 2015 related to the anticipated divestitures discussed above is detailed below.

Millions of dollars	December 31, 2015
Assets
Property, plant, and equipment	$	1,206
Inventories	576
Goodwill	276
Patents and other intangibles	57
Total assets	$	2,115
Liabilities
Employee benefit liabilities (a)	$	46
Total liabilities	$	46
(a) Liabilities held for sale are classified within “Other current liabilities” on our consolidated balance sheet as of December 31, 2015.