XML 61 R35.htm IDEA: XBRL DOCUMENT

Inventories (Tables)

12 Months Ended

Dec. 31, 2016

Inventory, Net [Abstract]

Inventory Components

Inventory consists of the following components:



		December 31,
		2016				2015
		(In thousands)
Crude oil		$	549,886			$	518,922
Other raw materials and unfinished products⁽¹⁾		287,561				214,832
Finished products⁽²⁾		465,432				603,568
Lower of cost or market reserve		(332,518		)		(624,457		)
Process chemicals⁽³⁾		2,767				4,477
Repairs and maintenance supplies and other ⁽⁴⁾		162,548				124,527
Total inventory		$	1,135,676			$	841,869


(1)	Other raw materials and unfinished products include feedstocks and blendstocks, other than crude.


(2)	Finished products include gasolines, jet fuels, diesels, lubricants, asphalts, LPG’s and residual fuels.


(3)	Process chemicals include additives and other chemicals.