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Impairments and other charges (Tables)
12 Months Ended
Dec. 31, 2016
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, 2016, 2015 and 2014 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 consolidated statements of operations:
 
Year Ended December 31
Millions of dollars
2016
2015
2014
Industry downturn:
 
 
 
Fixed asset impairments
$
2,550

$
760

$
47

Severance costs
315

352

28

Inventory write-downs
166

484

24

Intangible asset impairments
88

212

10

Other
67

201

20

Other matters:
 
 
 
Venezuela promissory note loss
148



Country closures
39

80


Other
(16
)
88


Total impairments and other charges
$
3,357

$
2,177

$
129