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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUES AND OTHER INCOME    
Net sales $ 2,957 $ 2,123
Interest, dividends and other income 21 20
Gain on disposal of assets, net   138
TOTAL REVENUES AND OTHER INCOME 2,978 2,281
COSTS AND OTHER DEDUCTIONS    
Cost of sales 1,426 1,281
Selling, general and administrative and other operating expenses 272 272
Taxes other than on income 68 75
Depreciation, depletion and amortization 942 1,102
Asset impairments and related items 13 78
Exploration expense 11 9
Interest and debt expense, net 81 60
TOTAL COSTS AND OTHER DEDUCTIONS 2,813 2,877
Income (loss) before income taxes and other items 165 (596)
(Provision) benefit for domestic and foreign income taxes (78) 203
Income from equity investments 30 33
Income (loss) from continuing operations 117 (360)
Discontinued operations, net   438
NET INCOME $ 117 $ 78
BASIC EARNINGS PER COMMON SHARE    
Income (loss) from continuing operations (in dollars per share) $ 0.15 $ (0.47)
Discontinued operations, net (in dollars per share)   0.57
BASIC EARNINGS PER COMMON SHARE (in dollars per share) 0.15 0.10
DILUTED EARNINGS PER COMMON SHARE    
Income (loss) from continuing operations (in dollars per share) 0.15 (0.47)
Discontinued operations, net (in dollars per share)   0.57
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) 0.15 0.10
DIVIDENDS PER COMMON SHARE (in dollars per share) $ 0.76 $ 0.75