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Inventories (Tables)

9 Months Ended

Sep. 30, 2013

Inventory, Net [Abstract]

Schedule of Inventory

The following table summarizes our inventory for the periods presented:

Millions of dollars		September 30, 2013				December 31, 2012
Finished products		$	2,197			$	1,948
Raw materials and work in process		639				596
Gross inventories		2,836				2,544
Less: excess of FIFO cost over LIFO cost		(169		)		(190		)
Total inventories		$	2,667			$	2,354

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- Definition

Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 2

-Paragraph 6

-Subparagraph a,b,c

-Article 5

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