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Inventories (Tables)

3 Months Ended

Mar. 31, 2014

Inventory, Net [Abstract]

Schedule of Inventory

The following table summarizes our inventory for the periods presented:

Millions of dollars		March 31, 2014				December 31, 2013
Finished products		$	2,195			$	1,950
Raw materials and work in process		631				622
		2,826				2,572
Less: excess of FIFO cost over LIFO cost		(160		)		(164		)
Total inventories		$	2,666			$	2,408

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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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