Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and equivalents	$ 4,009	$ 10,077
Receivables (net of allowances for bad debts of $175 and $145)	3,922	5,317
Inventories	2,275	2,993
Prepaid income taxes	585	527
Other current assets	886	1,156
Total current assets	11,677	20,070
Property, plant and equipment (net of accumulated depreciation of $11,198 and $11,576)	8,532	12,117
Goodwill	2,414	2,385
Deferred income taxes	1,960	552
Other assets	2,417	1,818
Total assets	27,000	36,942
Current liabilities:
Accounts payable	1,764	2,019
Accrued employee compensation and benefits	544	862
Liabilities for Macondo well incident	369	400
Deferred revenue	261	298
Taxes other than income	218	293
Current maturities of long-term debt	163	659
Other current liabilities	704	806
Total current liabilities	4,023	5,337
Long-term debt	12,214	14,687
Employee compensation and benefits	574	479
Other liabilities	741	944
Total liabilities	17,552	21,447
Shareholders’ equity:
Common shares, par value $2.50 per share (authorized 2,000 shares, issued 1,070 and 1,071 shares)	2,674	2,677
Paid-in capital in excess of par value	201	274
Accumulated other comprehensive loss	(454)	(363)
Retained earnings	14,141	20,524
Treasury stock, at cost (204 and 215 shares)	(7,153)	(7,650)
Company shareholders’ equity	9,409	15,462
Noncontrolling interest in consolidated subsidiaries	39	33
Total shareholders’ equity	9,448	15,495
Total liabilities and shareholders’ equity	$ 27,000	$ 36,942