Property, Plant and Equipment (Notes)

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT [Text Block]

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment, at cost, is as follows (in millions):



	2011			2010
Refining	$	6,161		$	5,984
Retail	679			659
Corporate	215			204
Property, plant and equipment, at cost	7,055			6,847
Accumulated depreciation	(1,907		)	(1,677		)
Net property, plant and equipment	$	5,148		$	5,170

See discussion of impairments of long-lived assets in Note I.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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