XML 25 R13.htm IDEA: XBRL DOCUMENT v3.5.0.2
Assets Held for Sale or Sold
 6 Months Ended
Jun. 30, 2016
Disposal Group, Including Discontinued Operation, Additional Disclosures [Abstract]  
Assets Held for Sale or Sold
Assets Held for Sale or Sold

In July 2013, we completed the sale of the Immingham Combined Heat and Power Plant (ICHP), which was included in our Marketing and Specialties (M&S) segment. A gain on this disposal was deferred at the time of sale due to an indemnity provided to the buyer. We recognized the deferred gain in earnings as our exposure under the indemnity declined, beginning in the third quarter of 2014 and ending in the second quarter of 2015 when the indemnity expired. We recognized $132 million and $242 million of the deferred gain in the three-month and six-month periods ended June 30, 2015, respectively, and these amounts are included in the “Net gain on dispositions” line of our consolidated statement of income.