Divestitures and Assets Held for Sale Divestitures and Assets Held for Sale (Tables)

6 Months Ended

Jun. 30, 2012

Divestitures and Assets held for sale [Abstract]

Disclosure of assets and liabilities held for sale

The major classes of assets and liabilities held for sale for a portion of the Bucyrus distribution business and the third party logistics divestitures were as follows:

(Millions of dollars)	June 30, 2012		December 31, 2011
Receivables - trade and other	$	186	$	25
Prepaid expenses and other current assets	10		—
Inventory	141		109
Current assets	$	337	$	134
Property plant and equipment - net	$	222	$	28
Intangible assets	136		186
Goodwill	191		296
Other assets	62		—
Non-current assets	$	611	$	510
Accounts payable	$	19	$	—
Accrued expenses	15		—
Accrued wages, salaries and employee benefits	30		—
Current liabilities	$	64	$	—
Other liabilities	$	44	$	—
Liability for postemployment benefits	55		—
Long-term liabilities	$	99	$	—