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LAWSUITS, CLAIMS, COMMITMENTS AND CONTINGENCIES	12 Months Ended
LAWSUITS, CLAIMS, COMMITMENTS AND CONTINGENCIES	Dec. 31, 2015
LAWSUITS, CLAIMS, COMMITMENTS AND CONTINGENCIES
LAWSUITS, CLAIMS, COMMITMENTS AND CONTINGENCIES	NOTE 7 LAWSUITS, CLAIMS, COMMITMENTS AND CONTINGENCIES We, or certain of our subsidiaries, are involved, in the normal course of business, in lawsuits, environmental and other claims and other contingencies that seek, among other things, compensation for alleged personal injury, breach of contract, property damage or other losses, punitive damages, civil penalties, or injunctive or declaratory relief. We accrue reserves for currently outstanding lawsuits, claims and proceedings when it is probable that a liability has been incurred and the liability can be reasonably estimated. Reserves balances at December 31, 2015 and 2014 were not material to our balance sheets as of such dates. We also evaluate the amount of reasonably possible losses that we could incur as a result of these matters. We believe that reasonably possible losses that we could incur in excess of reserves accrued on our balance sheet would not be material to our consolidated financial position or results of operations. We have certain commitments under contracts, including purchase commitments for goods and services. At December 31, 2015, total purchase obligations on a discounted basis were approximately $346 million, which included approximately $67 million, $51 million, $184 million, $27 million and $7 million that will be paid in 2016, 2017, 2018, 2019 and 2020, respectively. Of the 2016 amount, a substantial majority consists of payments due for transportation commitments in the ordinary course of business and rigs that were idled in 2014. Also included in the purchase obligations are commitments for major fixed and determinable capital investments, which were approximately $7 million during 2016 and $183 million thereafter. We, our subsidiaries, or both, have indemnified various parties against specific liabilities those parties might incur in the future in connection with the Spin-off, purchases and other transactions that they have entered into with us. These indemnities include indemnities made to Occidental against certain tax-related liabilities that may be incurred by Occidental relating to the Spin-off and liabilities related to operation of our business while it was still owned by Occidental. As of December 31, 2015, we are not aware of material indemnity claims pending or threatened against the Company.