Debt (Tables)

9 Months Ended

Sep. 30, 2015

Debt [Abstract]

Schedule of long-term debt [Table Text Block]

Long-term loans, notes and other long-term debt consisted of the following:

		September 30,		December 31,
Millions of dollars		2015		2014
Senior Notes due 2019, $2,000 million, 5.0%		$	1,994	$	1,993
Senior Notes due 2021, $1,000 million, 6.0%			1,000		1,000
Senior Notes due 2024, $1,000 million, 5.75%			1,000		1,000
Senior Notes due 2055, $1,000 million, 4.625% ($16 million of discount)			984		- -
Guaranteed Notes due 2044, $1,000 million, 4.875% ($11 million of discount)			989		988
Guaranteed Notes due 2023, $750 million, 4.0% ($8 million of discount)			742		741
Guaranteed Notes due 2043, $750 million, 5.25% ($22 million of discount)			728		728
Guaranteed Notes due 2027, $300 million, 8.1%			300		300
Other			8		11
	Total		7,745		6,761
Less current maturities			(3)		(4)
	Long-term debt	$	7,742	$	6,757

Schedule of short-term debt [Table Text Block]

Short-term loans, notes, and other short-term debt consisted of the following:

		September 30,		December 31,
Millions of dollars		2015		2014
$2,000 million Senior Revolving Credit Facility		$	- -	$	- -
$900 million U.S. Receivables Securitization Facility			- -		- -
€450 million European Receivables Securitization Facility			- -		- -
Commercial paper			493		262
Financial payables to equity investees			4		6
Precious metal financings			76		77
Other			- -		1
	Total short-term debt	$	573	$	346