ASSETS HELD FOR SALE AND ASSET IMPAIRMENTS (Tables)

6 Months Ended

Jun. 30, 2012

ASSETS HELD FOR SALE AND ASSET IMPAIRMENTS [Abstract]

Details of Impairment of Long-Lived Assets Held and Used by Asset [Table Text Block]

The total asset impairment loss consisted of the following:



	Three and Six Months Ended June 30, 2012
	(Thousands of Dollars)
Asphalt Operations
Property, plant and equipment, net	$	232,759
Intangible assets, net	6,564
Other long-term assets, net	4,902
Asset impairment loss	244,225

Other
Property, plant and equipment, net	5,421
Total asset impairment loss	$	249,646

Disclosure of Long Lived Assets Held-for-sale [Table Text Block]

The total assets held for sale consisted of the following:



	June 30, 2012
	(Thousands of Dollars)
Asphalt Operations
Inventories	$	410,977
Other current assets	135
Property, plant and equipment, net	204,946
Other long-term assets, net	22,054
Assets held for sale	638,112

Other
Property, plant and equipment, net	2,847
Total assets held for sale	$	640,959

- Definition

Tabular disclosure for impairment of long-lived assets held and used by an entity which includes a description of the impaired long-lived asset and facts and circumstances leading to the impairment, aggregate amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired long-lived asset is reported.

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- Definition

Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss).

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