Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2014

Discontinued Operations [Abstract]

Results of Operations Associated with Discontinued Operations

		Three Months		Nine Months
		Ended September 30,		Ended September 30,
(Thousands of dollars)		2014	2013	2014	2013
Revenues	$	509,037	4,502,100	2,752,557	15,981,683
Income before income taxes, including pretax gain on   disposals of $130,568 during the nine-month period in 2013	$	(27,163)	38,329	(61,396)	355,668
Income tax expense (benefit)		(1,813)	18,598	(8,757)	15,266
Income (loss) from discontinued operations	$	(25,350)	19,731	(52,639)	340,402

Major Categories of Assets and Liabilities Reflected as Held for Sale

	September 30,		December 31,
(Millions of dollars)	2014		2013
Current assets
Cash	$	197,607	301,302
Accounts receivable		378,804	302,059
Inventories		85,757	254,240
Other		73,707	86,131
Total current assets held for sale	$	735,875	943,732
Non-current assets
Property, plant and equipment, net	$	37,304	360,347
Other		23,203	21,057
Total non-current assets held for sale	$	60,507	381,404
Current liabilities
Accounts payable	$	185,846	637,432
Other		–	1,708
Total current liabilities associated with assets held for sale	$	185,846	639,140
Non-current liabilities
Deferred income taxes payable	$	70,424	68,096
Other		4,613	27,448
Total non-current liabilities associated with assets held for sale	$	75,037	95,544