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Impairments

12 Months Ended

Dec. 31, 2016

Impairment Of Long Lived Assets Abstract [Abstract]

Impairments

Impairments

During 2016, 2015 and 2014, we recognized the following before-tax impairment charges:

	Millions of Dollars
	2016				2015			2014
Midstream	$	3			1			—
Refining	2				3			147
Marketing and Specialties	—				3			3
	$	5			7			150

In 2014, we recorded a $131 million held-for-use impairment in our Refining segment related to the Whitegate Refinery in Ireland, due to the then current and forecasted negative market conditions in that region. In addition, we also recorded a $12 million held-for-sale impairment in our Refining segment related to the Bantry Bay terminal. See Note 6—Assets Held for Sale or Sold for additional information.

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- Definition

Impairment of long lived assets.

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- Definition

The entire disclosure for the details of the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value. Disclosure may also include a description of the impaired asset and facts and circumstances leading to the impairment, amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired asset is reported.

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No definition available.

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