Impairments and other charges (Tables)

12 Months Ended

Dec. 31, 2015

Impairments and other charges [Abstract]

Restructuring and Related Costs [Table Text Block]

The following table presents various charges we recorded during the years ended December 31, 2015 and December 31, 2014 as a result of the downturn in the energy market and other matters:

Millions of dollars	Year Ended December 31, 2015		Year Ended December 31, 2014		Income Statement Classification
Economic downturn:
Fixed asset impairments	$	760	$	47	Impairments and other charges
Inventory write-downs	484		24		Impairments and other charges
Severance costs	352		28		Impairments and other charges
Intangible asset impairments	212		10		Impairments and other charges
Other	201		20		Impairments and other charges
Other matters:
Country closures	80		—		Impairments and other charges
Other	88		—		Impairments and other charges
Total impairments and other charges	$	2,177	$	129
Venezuela currency devaluation loss	199		—		Other, net
Total charges	$	2,376	129