Investment and other income (Tables)

12 Months Ended

Dec. 31, 2013

Gains and Losses on Asset Sales

Investment and other income includes gains and losses on asset sales as follows:

millions of dollars	2013		2012		2011
Proceeds from asset sales		160		226		314
Book value of assets sold		10		132		117
Gain/(loss) on asset sales, before tax (a)		150		94		197
Gain/(loss) on asset sales, after tax (a)		120		72		153

(a) 2013 included a gain of $85 million ($73 million after tax) for the sale of non-operating assets.