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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2019 | Mar. 31, 2018
REVENUES AND OTHER INCOME |  |
Net sales | $ 4,004 | $ 3,763
Interest, dividends and other income | 78 | 29
Gain on sale of assets, net | 7 | 33
TOTAL REVENUES AND OTHER INCOME | 4,089 | 3,825
COSTS AND OTHER DEDUCTIONS |  |
Cost of sales | 1,345 | 1,350
Purchased commodities | 365 | 13
Selling, general and administrative expenses | 140 | 130
Other operating and non-operating expenses | 238 | 177
Taxes other than on income | 111 | 108
Depreciation, depletion and amortization | 973 | 921
Asset impairments and related items | 0 | 30
Exploration expense | 36 | 15
Interest and debt expense, net | 98 | 97
TOTAL COSTS AND OTHER DEDUCTIONS | 3,306 | 2,841
Income before income taxes and other items | 783 | 984
Provision for domestic and foreign income taxes | (225) | (339)
Income from equity investments | 73 | 63
NET INCOME | $ 631 | $ 708
BASIC EARNINGS PER COMMON SHARE (in dollars per share) | $ 0.84 | $ 0.92
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) | $ 0.84 | $ 0.92

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