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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2013
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The fair value hierarchy for assets and liabilities measured at fair value on a recurring basis at March 31, 2013 and December 31, 2012 is as follows:
Assets and Liabilities Measured at Fair Value on a Recurring Basis
(Millions of dollars)
 
 
At March 31, 2013
 
At December 31, 2012
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
Marketable Securities
$
266

 
$
266

 
$

 
$

 
$
266

 
$
266

 
$

 
$

Derivatives
64

 
2

 
62

 

 
86

 
21

 
65

 

Total Assets at Fair Value
$
330

 
$
268

 
$
62

 
$

 
$
352

 
$
287

 
$
65

 
$

Derivatives
110

 
106

 
4

 

 
149

 
148

 
1

 

Total Liabilities at Fair Value
$
110

 
$
106

 
$
4

 
$

 
$
149

 
$
148

 
$
1

 
$

Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis
The fair value hierarchy for assets and liabilities measured at fair value on a nonrecurring basis at March 31, 2013 is as follows:
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
(Millions of dollars)
 
At March 31, 2013
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Before-Tax Loss
 Properties, plant and equipment, net (held and used)
$

 
$

 
$

 
$

 
$
4

 
 Properties, plant and equipment, net (held for sale)
104

 

 

 
104

 
78

 
 Investments and advances

 

 

 

 

 
 Total Assets at Fair Value
$
104

 
$

 
$

 
$
104

 
$
82