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Inventories (Tables)

9 Months Ended

Sep. 30, 2014

Inventory, Net [Abstract]

Schedule of Inventory

The following table summarizes our inventory for the periods presented:

Millions of dollars		September 30, 2014				December 31, 2013
Finished products		$	2,206			$	1,950
Raw materials and work in process		672				622
		2,878				2,572
Less: excess of FIFO cost over LIFO cost		(158		)		(164		)
Total inventories		$	2,720			$	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 FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766



Reference 2: 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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