Supplemental Cash Flow Information

3 Months Ended

Mar. 31, 2015

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information

13. Supplemental Cash Flow Information

For the three months ended March 31, 2015, other items—net in the Company’s Consolidated Statements of Cash Flows includes a $561 million current tax benefit associated with the Tronox settlement. The following summarizes cash paid (received) for interest and income taxes, as well as non-cash investing and financing activities:

	Three Months Ended   March 31,
millions	2015			2014
Cash paid (received)
Interest, net of amounts capitalized (1)	$	1,532		$	265
Income taxes, net of refunds	(5		)	598
Non-cash investing activities
Fair value of properties and equipment from non-cash transactions	$	54		$	—
Asset retirement cost additions	63			47
Accruals of property, plant, and equipment	1,061			1,544
Net liabilities assumed (divested) in acquisitions and divestitures	19			(25		)
Non-cash investing and financing activities
Floating production, storage, and offloading vessel construction period obligation	$	18		$	34

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⁽¹⁾  Includes $1.2 billion of interest related to the Tronox settlement payment in 2015.