Discontinued Operations

9 Months Ended

Sep. 30, 2015

Discontinued Operations [Abstract]

Discontinued Operations [Text Block]

3. Discontinued Operations

The amounts included in Income from discontinued operations of the Berre refinery are summarized as follows:

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
Millions of dollars		2015		2014		2015		2014
Sales and other operating revenues		$	- -	$	- -	$	1	$	1
Income (loss) from discontinued operations
	before income taxes	$	(4)	$	(4)	$	(6)	$	3
Provision (benefit) for income taxes			(1)		(1)		(3)		2
Income (loss) from discontinued operations,
	net of tax	$	(3)	$	(3)	$	(3)	$	1

Future cash outflows will occur for exit or disposalactivities and for payments made to severed employees.Exit and disposal costs are expected to be incurred through the end of 2017. Payments to the affected employees are expected to be substantially complete by 2019. There is uncertainty in the manner, scope andtiming of potential future asset disposal or dismantlement activities and their related cash flows.Although somedismantling and remediation activities may be considered or required at a future date, the amounts associatedwith such activities are not determinable at this time due to such uncertainties.

The following table summarizes the changes in the accrual for the social plan for employees affected by the closure of the Berre refinery:

	Nine Months Ended
	September 30,
Millions of dollars	2015		2014
Beginning balance	$	26	$	42
Accretion expense		- -		1
Cash payments		(7)		(10)
Effect of exchange rate changes		(3)		(4)
Ending balance	$	16	$	29

There are no significant assets or liabilities related to the Berre refinery other than those discussed above.