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Inventories (Tables)

12 Months Ended

Dec. 31, 2013

Inventory, Net [Abstract]

Inventories

The following table summarizes our inventories at December 31, 2013 and 2012:

Millions of dollars		2013				2012
Finished products		$	1,950			$	1,948
Raw materials and work in process		622				596
		2,572				2,544
Less: excess of FIFO cost over LIFO cost		(164		)		(190		)
Total inventories		$	2,408			$	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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