Divestitures and Other Transactions (Tables)

9 Months Ended

Sep. 30, 2020

Discontinued Operations and Disposal Groups and Equity Method And Joint Ventures [Abstract]

Summary of Revenues, Costs and Assets Held for Sale of Discontinued Operations

The following table presents the amounts previously reported in discontinued operations, net of income taxes, which was reclassified to continuing operations, in the six months ended June 30, 2020, as a result of Occidental's decision to operate in Algeria.

millions	Six months ended June 30, 2020		Three and nine months ended September 30, 2019
Revenues and other income
Net sales	$	319	$	172
Costs and other deductions
Oil and gas lease operating expense	44		12
Transportation expense	14		4
Taxes other than on income	48		46
Depreciation, depletion and amortization	110		61
Impairment upon reclassification to held for use	931		—
Other	10		2
Total costs and other deductions	1,157		125
Income (losses) before income taxes	(838)		47
Income tax expense	(95)		(47)
Net income of Algeria operations, after taxes	$	(933)	$	—

The following table presents the amounts previously reported in the Consolidated Condensed Balance Sheets as held for sale related to Algeria that were subsequently reclassified as of December 31, 2019:

millions	December 31, 2019
Current assets	$	249
Property, plant and equipment, net	1,761
Long-term receivables and other assets, net	146
Total Assets	$	2,156
Current liabilities	$	188
Non-current liabilities	104
Total Liabilities	$	292