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Inventories (Tables)

3 Months Ended

Mar. 31, 2016

Inventory, Net [Abstract]

Schedule of Inventory

The following table summarizes our inventory for the periods presented:

Millions of dollars		March 31, 2016				December 31, 2015
Finished products		$	2,557			$	2,093
Raw materials and work in process		663				655
		3,220				2,748
Less: excess of FIFO cost over LIFO cost		(124		)		(129		)
Total inventories		$	3,096			$	2,619

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- References

No definition available.

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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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