XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUES AND OTHER INCOME        
Net sales $ 2,999 $ 2,648 $ 9,016 $ 7,302
Interest, dividends and other income 20 25 72 72
Gain on sale of assets, net 86 60 598 198
TOTAL REVENUES AND OTHER INCOME 3,105 2,733 9,686 7,572
COSTS AND OTHER DEDUCTIONS        
Cost of sales 1,357 1,338 4,269 3,863
Selling, general and administrative and other operating expenses 352 316 976 926
Taxes other than on income 76 61 221 210
Depreciation, depletion and amortization 995 1,046 2,926 3,218
Asset impairments and related items 11 221 24 299
Exploration expense 8 9 27 45
Interest and debt expense, net 91 68 258 216
TOTAL COSTS AND OTHER DEDUCTIONS 2,890 3,059 8,701 8,777
Income (loss) before income taxes and other items 215 (326) 985 (1,205)
Benefit (provision) for domestic and foreign income taxes (85) 30 (448) 329
Income from equity investments 60 58 277 142
Income (loss) from continuing operations 190 (238) 814 (734)
Discontinued operations, net   (3)   432
NET INCOME (LOSS) $ 190 $ (241) $ 814 $ (302)
BASIC EARNINGS PER COMMON SHARE        
Income (loss) from continuing operations (in dollars per share) $ 0.25 $ (0.31) $ 1.06 $ (0.96)
Discontinued operations, net (in dollars per share)   (0.01)   0.56
BASIC EARNINGS PER COMMON SHARE (in dollars per share) 0.25 (0.32) 1.06 (0.40)
DILUTED EARNINGS PER COMMON SHARE        
Income (loss) from continuing operations (in dollars per share) 0.25 (0.31) 1.06 (0.96)
Discontinued operations, net (in dollars per share)   (0.01)   0.56
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) 0.25 (0.32) 1.06 (0.40)
DIVIDENDS PER COMMON SHARE (in dollars per share) $ 0.77 $ 0.76 $ 2.29 $ 2.26