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Inventories (Notes)

9 Months Ended

Sep. 30, 2014

Components of inventories were as follows (in millions):



	September 30, 2014		December 31, 2013
Domestic crude oil and refined products	$	2,200	$	1,847
Foreign subsidiary crude oil	282		523
Other inventories	192		195
Total Inventories	$	2,674	$	2,565

The total carrying value of our crude oil and refined product inventories was less than replacement cost by approximately$1.6 billion and $1.7 billion at September 30, 2014 and December 31, 2013, respectively.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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