XML 140 R69.htm IDEA: XBRL DOCUMENT v2.4.0.6
INCOME TAXES (Details) (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Income before income taxes and equity in affiliated companies' net earnings [Abstract]      
United States $ 2,112,000,000 $ 1,307,000,000 $ 98,000,000
Foreign 6,706,000,000 7,205,000,000 5,718,000,000
Income before income taxes and equity in affiliated companies' net earnings 8,818,000,000 8,512,000,000 5,816,000,000
Current income taxes: [Abstract]      
Federal 394,000,000 207,000,000 19,000,000
State 21,000,000 27,000,000 7,000,000
Foreign 1,948,000,000 2,500,000,000 2,172,000,000
Total current 2,363,000,000 2,734,000,000 2,198,000,000
Deferred income taxes (benefits): [Abstract]      
Federal 82,000,000 20,000,000 (70,000,000)
State (19,000,000) (10,000,000) 79,000,000
Foreign 661,000,000 239,000,000 100,000,000
Total deferred 724,000,000 249,000,000 109,000,000
Provision for income taxes 3,087,000,000 2,983,000,000 2,307,000,000
Income tax expense (benefit), reconciliation [Abstract]      
U.S. federal statutory tax rate 3,086,000,000 2,979,000,000 2,036,000,000
Foreign tax credit limitation 163,000,000 93,000,000 112,000,000
Percentage depletion (283,000,000) (263,000,000) (168,000,000)
Withholding taxes 170,000,000 174,000,000 228,000,000
Valuation allowance on minimum tax credits (47,000,000) 18,000,000 104,000,000
State income taxes 0 17,000,000 (2,000,000)
Other items, net (2,000,000) (35,000,000) (3,000,000)
Provision for income taxes 3,087,000,000 2,983,000,000 2,307,000,000
Effective income tax rate, reconciliation [Abstract]      
U.S. federal statutory tax rate (in hundredths) 35.00% 35.00% 35.00%
Foreign tax credit limitation (in hundredths) 2.00% 1.00% 2.00%
Percentage depletion (in hundredths) (3.00%) (3.00%) (3.00%)
Withholding taxes (in hundredths) 2.00% 2.00% 4.00%
Valuation allowance on minimum tax credits (in hundredths) (1.00%) 0.00% 2.00%
State income taxes (in hundredths) 0.00% 0.00% 0.00%
Other items, net (in hundredths) 0.00% 0.00% 0.00%
Provision for income taxes (in hundredths) 35.00% 35.00% 40.00%
Total income taxes paid to all jurisdictions 3,400,000,000 2,600,000,000 1,600,000,000
Tax refunds received from all jurisdictions 15,000,000 26,000,000 193,000,000
Deferred tax assets: [Abstract]      
Foreign tax credits 2,011,000,000 1,837,000,000  
Net operating loss carryforwards 356,000,000 442,000,000  
Minimum tax credits 406,000,000 413,000,000  
Accrued expenses 962,000,000 931,000,000  
Employee benefit plans 245,000,000 215,000,000  
Inventory 161,000,000 164,000,000  
Other 276,000,000 224,000,000  
Deferred tax assets 4,417,000,000 4,226,000,000  
Valuation allowances (2,393,000,000) (2,226,000,000)  
Net deferred tax assets 2,024,000,000 2,000,000,000  
Deferred tax liabilities: [Abstract]      
Property, plant, equipment and development costs (4,227,000,000) (3,874,000,000)  
Undistributed earnings (1,010,000,000) (917,000,000)  
Other (72,000,000) (28,000,000)  
Total deferred tax liabilities (5,309,000,000) (4,819,000,000)  
Net deferred tax liabilities (3,285,000,000) (2,819,000,000)  
Amount of valuation allowance, that if recognized, would be recorded directly to other comprehensive 80,000,000 59,000,000  
Valuation allowance on deferred tax asset increase (decrease) during period $ 167,000,000