Inventories

9 Months Ended

Sep. 30, 2015

Inventories [Abstract]

Inventories [Text Block]

5. Inventories

Inventories consisted of the following components:

		September 30,		December 31,
Millions of dollars		2015		2014
Finished goods		$	2,649	$	3,011
Work-in-process			168		212
Raw materials and supplies			1,321		1,294
	Total inventories	$	4,138	$	4,517

For information related to lower of cost or market inventory valuation adjustments recognized during the third quarter and first nine months of 2015, see Note 14.