v2.4.0.6

Segment Disclosures and Related Information | 12 Months Ended
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Dec. 31, 2011
Segment Disclosures and Related Information | Note 25—Segment Disclosures and Related Information We explore for, produce, transport and market crude oil, bitumen, natural gas, LNG and natural gas liquids on a worldwide basis. We manage our operations through six operating segments, which are defined by geographic region: Alaska, Lower 48 and Latin America, Canada, Europe, Asia Pacific and Middle East, and Other International. This is a change in our reportable segments, and, as a result, all prior periods presented have been restated. On April 30, 2012, our Downstream business was separated into a stand-alone, publicly traded corporation, Phillips 66, and has been reported as discontinued operations in all periods presented. Commodity sales to Phillips 66, which were previously eliminated in consolidation prior to the separation, are now reported as third-party sales. For additional information, see Note 26—Separation of Downstream Business. Our LUKOIL Investment represents our prior investment in the ordinary shares of OAO LUKOIL, an international, integrated oil and gas company headquartered in Russia. We completed the divestiture of our entire interest in LUKOIL in the first quarter of 2011. Corporate and Other represents costs not directly associated with an operating segment, such as most interest expense, corporate overhead, ongoing costs associated with the separation of the Downstream business and certain technology activities, net of licensing revenues. Corporate assets include all cash and cash equivalents, short-term investments and restricted cash. We evaluate performance and allocate resources based on net income attributable to ConocoPhillips. Segment accounting policies are the same as those in Note 1—Accounting Policies. Intersegment sales are at prices that approximate market. Analysis of Results by Operating Segment
|  | Millions of Dollars |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Sales and Other Operating Revenues |  |  |  |  |  |  |  |  |  |  |  |
Alaska |  | $ | 9,533 |  |  |  | 7,462 |  |  |  | 6,428 |
Lower 48 and Latin America |  |  | 23,507 |  |  |  | 21,980 |  |  |  | 18,303 |
Intersegment eliminations |  |  | (283 | ) |  |  | (180 | ) |  |  | (150 | )
Lower 48 and Latin America |  |  | 23,224 |  |  |  | 21,800 |  |  |  | 18,153 |
Canada |  |  | 6,270 |  |  |  | 6,147 |  |  |  | 5,412 |
Intersegment eliminations |  |  | (944 | ) |  |  | (797 | ) |  |  | (703 | )
Canada |  |  | 5,326 |  |  |  | 5,350 |  |  |  | 4,709 |
Europe |  |  | 17,119 |  |  |  | 12,819 |  |  |  | 11,852 |
Intersegment eliminations |  |  | (50 | ) |  |  | (17 | ) |  |  | — |
Europe |  |  | 17,069 |  |  |  | 12,802 |  |  |  | 11,852 |
Asia Pacific and Middle East |  |  | 8,665 |  |  |  | 7,161 |  |  |  | 5,463 |
Intersegment eliminations |  |  | (1 | ) |  |  | (1 | ) |  |  | — |
Asia Pacific and Middle East |  |  | 8,664 |  |  |  | 7,160 |  |  |  | 5,463 |
Other International |  |  | 1,781 |  |  |  | 2,624 |  |  |  | 2,184 |
LUKOIL Investment |  |  | — |  |  |  | — |  |  |  | — |
Corporate and Other |  |  | 159 |  |  |  | 98 |  |  |  | 39 |
Consolidated sales and other operating revenues |  | $ | 65,756 |  |  |  | 57,296 |  |  |  | 48,828 |
Depreciation, Depletion, Amortization and Impairments |  |  |  |  |  |  |  |  |  |  |  |
Alaska |  | $ | 578 |  |  |  | 626 |  |  |  | 694 |
Lower 48 and Latin America |  |  | 2,228 |  |  |  | 2,286 |  |  |  | 2,718 |
Canada |  |  | 1,758 |  |  |  | 1,680 |  |  |  | 1,985 |
Europe |  |  | 1,405 |  |  |  | 2,049 |  |  |  | 2,111 |
Asia Pacific and Middle East |  |  | 1,063 |  |  |  | 1,329 |  |  |  | 1,050 |
Other International |  |  | 196 |  |  |  | 209 |  |  |  | 210 |
LUKOIL Investment |  |  | — |  |  |  | — |  |  |  | — |
Corporate and Other |  |  | 108 |  |  |  | 71 |  |  |  | 108 |
Consolidated depreciation, depletion, amortization and impairments |  | $ | 7,336 |  |  |  | 8,250 |  |  |  | 8,876 |
|  | Millions of Dollars |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Equity in Earnings of Affiliates |  |  |  |  |  |  |  |  |  |  |  |
Alaska |  | $ | (77 | ) |  |  | 8 |  |  |  | (38 | )
Lower 48 and Latin America |  |  | 99 |  |  |  | 80 |  |  |  | 32 |
Canada |  |  | 677 |  |  |  | 505 |  |  |  | 344 |
Europe |  |  | 46 |  |  |  | 41 |  |  |  | 30 |
Asia Pacific and Middle East |  |  | 819 |  |  |  | (17 | ) |  |  | (68 | )
Other International |  |  | (329 | ) |  |  | (540 | ) |  |  | (73 | )
LUKOIL Investment |  |  | — |  |  |  | 1,295 |  |  |  | 1,219 |
Corporate and Other |  |  | (1 | ) |  |  | (4 | ) |  |  | (7 | )
Consolidated equity in earnings of affiliates |  | $ | 1,234 |  |  |  | 1,368 |  |  |  | 1,439 |
Income Taxes |  |  |  |  |  |  |  |  |  |  |  |
Alaska |  | $ | 1,171 |  |  |  | 1,017 |  |  |  | 823 |
Lower 48 and Latin America |  |  | 741 |  |  |  | 595 |  |  |  | (37 | )
Canada |  |  | (45 | ) |  |  | 215 |  |  |  | (237 | )
Europe |  |  | 4,459 |  |  |  | 3,118 |  |  |  | 2,272 |
Asia Pacific and Middle East |  |  | 1,887 |  |  |  | 1,340 |  |  |  | 1,111 |
Other International |  |  | 709 |  |  |  | 1,451 |  |  |  | 1,173 |
LUKOIL Investment |  |  | 123 |  |  |  | 505 |  |  |  | 12 |
Corporate and Other |  |  | (275 | ) |  |  | (378 | ) |  |  | (200 | )
Consolidated income taxes |  | $ | 8,770 |  |  |  | 7,863 |  |  |  | 4,917 |
Net Income Attributable to ConocoPhillips |  |  |  |  |  |  |  |  |  |  |  |
Alaska |  | $ | 1,984 |  |  |  | 1,727 |  |  |  | 1,534 |
Lower 48 and Latin America |  |  | 1,288 |  |  |  | 1,029 |  |  |  | (73 | )
Canada |  |  | 91 |  |  |  | 2,902 |  |  |  | (257 | )
Europe |  |  | 1,830 |  |  |  | 1,703 |  |  |  | 1,119 |
Asia Pacific and Middle East |  |  | 3,032 |  |  |  | 2,099 |  |  |  | 1,322 |
Other International |  |  | (94 | ) |  |  | (261 | ) |  |  | 20 |
LUKOIL Investment |  |  | 239 |  |  |  | 2,513 |  |  |  | 1,219 |
Corporate and Other |  |  | (976 | ) |  |  | (1,317 | ) |  |  | (1,161 | )
Discontinued operations |  |  | 5,042 |  |  |  | 963 |  |  |  | 691 |
Consolidated net income attributable to ConocoPhillips |  | $ | 12,436 |  |  |  | 11,358 |  |  |  | 4,414 |
|  | Millions of Dollars |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Investments In and Advances To Affiliates |  |  |  |  |  |  |  |  |  |  |  |
Alaska |  | $ | 58 |  |  |  | 143 |  |  |  | 117 |
Lower 48 and Latin America |  |  | 1,168 |  |  |  | 1,190 |  |  |  | 1,184 |
Canada |  |  | 9,045 |  |  |  | 8,675 |  |  |  | 8,320 |
Europe |  |  | 195 |  |  |  | 211 |  |  |  | 204 |
Asia Pacific and Middle East |  |  | 11,571 |  |  |  | 11,335 |  |  |  | 9,145 |
Other International |  |  | 381 |  |  |  | 828 |  |  |  | 1,978 |
LUKOIL Investment |  |  | — |  |  |  | — |  |  |  | 6,411 |
Corporate and Other |  |  | 9 |  |  |  | — |  |  |  | — |
Discontinued operations |  |  | 10,233 |  |  |  | 9,853 |  |  |  | 9,273 |
Consolidated investments in and advances to affiliates |  | $ | 32,660 |  |  |  | 32,235 |  |  |  | 36,632 |
Total Assets |  |  |  |  |  |  |  |  |  |  |  |
Alaska |  | $ | 10,723 |  |  |  | 10,832 |  |  |  | 10,449 |
Lower 48 and Latin America |  |  | 25,872 |  |  |  | 24,213 |  |  |  | 25,098 |
Canada |  |  | 20,847 |  |  |  | 21,168 |  |  |  | 23,559 |
Europe |  |  | 12,452 |  |  |  | 11,335 |  |  |  | 12,589 |
Asia Pacific and Middle East |  |  | 22,374 |  |  |  | 21,853 |  |  |  | 20,206 |
Other International |  |  | 9,070 |  |  |  | 8,675 |  |  |  | 8,431 |
LUKOIL Investment |  |  | — |  |  |  | 1,129 |  |  |  | 6,416 |
Corporate and Other |  |  | 8,485 |  |  |  | 11,974 |  |  |  | 1,994 |
Discontinued operations |  |  | 43,407 |  |  |  | 45,135 |  |  |  | 43,396 |
Consolidated total assets |  | $ | 153,230 |  |  |  | 156,314 |  |  |  | 152,138 |
Capital Expenditures and Investments |  |  |  |  |  |  |  |  |  |  |  |
Alaska |  | $ | 774 |  |  |  | 729 |  |  |  | 810 |
Lower 48 and Latin America |  |  | 3,882 |  |  |  | 1,790 |  |  |  | 2,035 |
Canada |  |  | 1,761 |  |  |  | 1,356 |  |  |  | 1,176 |
Europe |  |  | 2,222 |  |  |  | 1,190 |  |  |  | 1,144 |
Asia Pacific and Middle East |  |  | 2,325 |  |  |  | 2,157 |  |  |  | 2,100 |
Other International |  |  | 1,038 |  |  |  | 1,203 |  |  |  | 1,001 |
LUKOIL Investment |  |  | — |  |  |  | — |  |  |  | — |
Corporate and Other |  |  | 242 |  |  |  | 186 |  |  |  | 134 |
Consolidated capital expenditures and investments |  | $ | 12,244 |  |  |  | 8,611 |  |  |  | 8,400 |
|  | Millions of Dollars |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Interest Income and Expense |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  |  |  |  |  |  |  |  |  |  |
Corporate |  | $ | 94 |  |  |  | 54 |  |  |  | 75 |
Lower 48 and Latin America |  |  | 51 |  |  |  | 54 |  |  |  | 59 |
Asia Pacific and Middle East |  |  | 7 |  |  |  | 8 |  |  |  | 10 |
Other International |  |  | 18 |  |  |  | 19 |  |  |  | 22 |
Interest and debt expense |  |  |  |  |  |  |  |  |  |  |  |
Corporate |  | $ | 832 |  |  |  | 1,027 |  |  |  | 1,111 |
Canada |  |  | 122 |  |  |  | 140 |  |  |  | 156 |
Geographic Information
|  | Millions of Dollars |
|  | Sales and Other Operating Revenues* |  |  | Long-Lived Assets** |
|  | 2011 |  |  | 2010 |  |  | 2009 |  |  | 2011 |  |  | 2010 |  |  | 2009 |
United States |  | $ | 32,790 |  |  |  | 29,305 |  |  |  | 24,591 |  |  |  | 33,750 |  |  |  | 32,246 |  |  |  | 32,841 |
Australia*** |  |  | 3,458 |  |  |  | 2,789 |  |  |  | 2,229 |  |  |  | 12,572 |  |  |  | 12,461 |  |  |  | 10,729 |
Canada |  |  | 5,326 |  |  |  | 5,350 |  |  |  | 4,709 |  |  |  | 20,083 |  |  |  | 20,439 |  |  |  | 22,451 |
China |  |  | 2,154 |  |  |  | 1,870 |  |  |  | 1,076 |  |  |  | 2,449 |  |  |  | 2,656 |  |  |  | 2,849 |
Indonesia |  |  | 2,076 |  |  |  | 1,696 |  |  |  | 1,419 |  |  |  | 1,726 |  |  |  | 1,745 |  |  |  | 2,072 |
Norway |  |  | 5,755 |  |  |  | 4,692 |  |  |  | 4,101 |  |  |  | 5,918 |  |  |  | 5,664 |  |  |  | 5,797 |
Russia |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 341 |  |  |  | 815 |  |  |  | 8,383 |
United Kingdom |  |  | 11,314 |  |  |  | 8,110 |  |  |  | 7,751 |  |  |  | 3,257 |  |  |  | 2,975 |  |  |  | 3,768 |
Other foreign countries |  |  | 2,883 |  |  |  | 3,484 |  |  |  | 2,952 |  |  |  | 11,465 |  |  |  | 10,265 |  |  |  | 8,704 |
Discontinued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 25,279 |  |  |  | 25,523 |  |  |  | 26,746 |
Worldwide consolidated |  | $ | 65,756 |  |  |  | 57,296 |  |  |  | 48,828 |  |  |  | 116,840 |  |  |  | 114,789 |  |  |  | 124,340 |
* | Sales and other operating revenues are attributable to countries based on the location of the operations generating the revenues.
** | Defined as net PP&E plus investments in and advances to affiliated companies.
*** | Includes amounts related to the joint petroleum development area with shared ownership held by Australia and Timor-Leste.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
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