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Impairments and Other Charges (Tables)
9 Months Ended
Sep. 30, 2016
Restructuring and Related Activities [Abstract]  
Impairments and Other Charges
The following table presents various charges we recorded during the nine months ended September 30, 2016 and 2015 and three months ended September 30, 2015 as a result of the downturn in the energy industry and other matters, all of which were recorded within "Impairments and other charges" on our condensed consolidated statements of operations:
 
Nine Months Ended
Three Months Ended
Millions of dollars
September 30, 2016
September 30, 2015
September 30, 2015
Industry downturn:
 
 
 
Fixed asset impairments
$
2,537

$
648

$
154

Severance costs
261

308

96

Inventory write-downs
130

410

64

Intangible asset impairments
87

209

37

Other
40

173

21

Other matters:
 
 
 
Venezuela promissory note loss
148



Country closures
2

81

4

Other
(16
)
66

5

Total impairments and other charges
$
3,189

$
1,895

$
381