LyondellBasell Industries (LYB) 10-Q 28 Jul 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 23, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Document period end date	Jun. 30, 2015
Amendment flag	false
Document Period Focus	Q2
Document Fiscal Year Focus	2,015
Current fiscal year end date	--12-31
Entity central index key	1,489,393
Entity current reporting status	Yes
Entity filer category	Large Accelerated Filer
Entity registrant name	LyondellBasell Industries N.V.
Entity voluntary filers	No
Entity well known seasoned issuer	Yes
Entity common stock shares outstanding		465,874,707

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Sales and other operating revenues:
Trade	$ 8,931	$ 11,924	$ 16,932	$ 22,842
Related parties	214	193	398	410
Sales revenue, net	9,145	12,117	17,330	23,252
Operating costs and expenses:
Cost of sales	7,047	10,255	13,426	19,832
Selling, general and administrative expenses	228	215	433	401
Research and development expenses	25	34	51	66
Costs and expenses	7,300	10,504	13,910	20,299
Operating income	1,845	1,613	3,420	2,953
Interest expense	(79)	(96)	(148)	(188)
Interest income	7	7	18	13
Other income, net	4	6	25	17
Income from continuing operations before equity investments and income taxes	1,777	1,530	3,315	2,795
Income from equity investments	90	68	159	129
Income from continuing operations before income taxes	1,867	1,598	3,474	2,924
Provision for income taxes	541	425	981	808
Income from continuing operations	1,326	1,173	2,493	2,116
Income from discontinued operations, net of tax	3	3	0	4
Net income	1,329	1,176	2,493	2,120
Net loss attributable to non-controlling interests	1	2	3	3
Net income attributable to the Company shareholders	$ 1,330	$ 1,178	$ 2,496	$ 2,123
Net income attributable to the Company shareholders - Basic:
Continuing operations (in dollars per share)	$ 2.81	$ 2.24	$ 5.24	$ 3.96
Discontinued operations (in dollars per share)	0.01	0.01	0	0.01
Basic (in dollars per share)	2.82	2.25	5.24	3.97
Net income attributable to the Company shareholders - Diluted:
Continuing operations (in dollars per share)	2.81	2.22	5.22	3.93
Discontinued operations (in dollars per share)	0.01	0.01	0	0.01
Diluted (in dollars per share)	$ 2.82	$ 2.23	$ 5.22	$ 3.94

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Consolidated Statements of Comprehensive Income [Abstract]
Net income	$ 1,329	$ 1,176	$ 2,493	$ 2,120
Financial derivatives:
Gain (loss) on forward-starting interest rate swaps	95	0	80	(17)
Gain (loss) on cross-currency swaps	(70)	0	197	0
Reclassification adjustment included in net income	67	0	(153)	0
Income tax expense (benefit)	(1)	0	64	(4)
Financial derivatives, net of tax	93	0	60	(13)
Unrealized gains on available-for-sale securities:
Unrealized holding gains arising during the period	0	1	0	1
Unrealized gains on available-for-sale securities, net of tax	0	1	0	1
Defined pension and other postretirement benefit plans:
Reclassification adjustment for amortization of prior service cost included in net income	1	1	1	2
Net actuarial loss arising during the period	0	0	0	(16)
Reclassification adjustment for net actuarial loss included in net income	7	2	13	5
Defined pension and other postretirement benefit plans, before tax	8	3	14	(9)
Income tax expense (benefit)	2	1	4	(8)
Defined pension and other postretirement benefit plans, net of tax	6	2	10	(1)
Foreign currency translations adjustment:
Unrealized gain (loss) arising during the period	160	(58)	(351)	(40)
Foreign currency translations, net of tax	160	(58)	(351)	(40)
Total other comprehensive income (loss)	259	(55)	(281)	(53)
Comprehensive income	1,588	1,121	2,212	2,067
Comprehensive loss attributable to non-controlling interests	1	2	3	3
Comprehensive income attributable to the Company shareholders	$ 1,589	$ 1,123	$ 2,215	$ 2,070

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 1,325	$ 1,031
Restricted cash	3	2
Short-term investments	1,989	1,593
Accounts receivable:
Trade, net	3,179	3,226
Related parties	194	222
Inventories	4,179	4,517
Prepaid expenses and other current assets	1,121	1,054
Total current assets	11,990	11,645
Property, plant and equipment at cost	12,236	12,050
Less: Accumulated depreciation	(3,600)	(3,292)
Property, plant and equipment, net	8,636	8,758
Investments and long-term receivables:
Investment in PO joint ventures	357	384
Equity investments	1,612	1,636
Other investments and long-term receivables	126	44
Goodwill	543	566
Intangible assets, net	671	769
Other assets	670	481
Total assets	24,605	24,283
Current liabilities:
Current maturities of long-term debt	3	4
Short-term debt	582	346
Accounts payable:
Trade	2,031	2,239
Related parties	724	825
Accrued liabilities	1,455	1,554
Deferred income taxes	434	469
Total current liabilities	5,229	5,437
Long-term debt	7,728	6,757
Other liabilities	2,063	2,122
Deferred income taxes	$ 1,635	$ 1,623
Commitments and contingencies
Stockholders' equity:
Ordinary shares, EUR0.04 par value, 1,275 million shares authorized, 468,081,718 and 486,969,402 shares outstanding, respectively	$ 31	$ 31
Additional paid-in capital	10,232	10,387
Retained earnings	8,569	6,775
Accumulated other comprehensive loss	(1,307)	(1,026)
Treasury stock, at cost, 110,353,165 and 91,463,729 ordinary shares, respectively	(9,598)	(7,853)
Total Company share of stockholders' equity	7,927	8,314
Non-controlling interests	23	30
Total equity	7,950	8,344
Total liabilities and equity	$ 24,605	$ 24,283

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - € / shares	Jun. 30, 2015	Dec. 31, 2014
Stockholders' equity:
Ordinary shares par value (in euros per share)	€ 0.04	€ 0.04
Ordinary shares, shares authorized (in shares)	1,275,000,000	1,275,000,000
Ordinary shares, shares outstanding (in shares)	468,081,718	486,969,402
Treasury stock, shares (in shares)	110,353,165	91,463,729

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net income	$ 2,493	$ 2,120
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	534	510
Amortization of debt-related costs	8	12
Inventory valuation adjustments	83	0
Equity investments -
Equity income	(159)	(129)
Distributions of earnings, net of tax	101	52
Deferred income taxes	54	51
Changes in assets and liabilities that provided (used) cash:
Accounts receivable	(35)	(246)
Inventories	141	(53)
Accounts payable	(212)	142
Prepaid expenses and other current assets	(52)	167
Other, net	(42)	(28)
Net cash provided by operating activities	2,914	2,598
Cash flows from investing activities:
Expenditures for property, plant and equipment	(584)	(758)
Payments for repurchase agreements	(397)	(275)
Proceeds from repurchase agreements	250	75
Purchases of available-for-sale securities	(1,468)	(1,573)
Proceeds from sales and maturities of available-for-sale securities	997	272
Change in restricted cash	(1)	8
Other, net	33	(6)
Net cash used in investing activities	(1,170)	(2,257)
Cash flows from financing activities:
Repurchases of Company ordinary shares	(2,137)	(3,067)
Dividends paid	(702)	(697)
Issuance of long-term debt	984	992
Net proceeds from commercial paper	238	0
Payments of debt issuance costs	(12)	(18)
Other, net	207	23
Net cash used in financing activities	(1,422)	(2,767)
Effect of exchange rate changes on cash	(28)	6
Increase (decrease) in cash and cash equivalents	294	(2,420)
Cash and cash equivalents at beginning of period	1,031	4,450
Cash and cash equivalents at end of period	$ 1,325	$ 2,030

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - 6 months ended Jun. 30, 2015 - USD ($) $ in Millions	Total	Ordinary Shares	Treasury Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Company Share of Stockholders' Equity	Non-Controlling Interests
Beginning balance at Dec. 31, 2014	$ 8,344	$ 31	$ (7,853)	$ 10,387	$ 6,775	$ (1,026)	$ 8,314	$ 30
Net income (loss)	2,493	0	0	0	2,496	0	2,496	(3)
Other comprehensive loss	(281)	0	0	0	0	(281)	(281)	0
Share-based compensation		0	357	(187)	0	0	170	0
Dividends ($1.48 per share)	(702)	0	0	0	(702)	0	(702)	0
Repurchases of Company ordinary shares	(2,102)	0	(2,102)	0	0	0	(2,102)	0
Settlement from partner on exit from partnership		0	0	32	0	0	32	(4)
Ending balance at Jun. 30, 2015	$ 7,950	$ 31	$ (9,598)	$ 10,232	$ 8,569	$ (1,307)	$ 7,927	$ 23

Consolidated Statement of Stoc8

Consolidated Statement of Stockholders' Equity (Parentheticals)	6 Months Ended
	Jun. 30, 2015$ / shares
Consolidated Statement of Stockholders' Equity [Abstract]
Dividends per share (in dollars per share)	$ 1.48

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2015
Basis of Presentation [Abstract]
Basis of Presentation [Text Block]	1. Basis of Presentation LyondellBasell Industries N.V., together with its consolidated subsidiaries (collectively “LyondellBasell N.V.”), is a worldwide manufacturer of chemicals and polymers, a refiner of crude oil, a significant producer of gasoline blending components and a developer and licensor of technologies for production of polymers. Unless otherwise indicated, the “Company , ” “we,” “us,” “our” or similar words are used to refer to LyondellBasell N.V. The accompanying Consolidated Financial Statements are unaudited and have been prepared from the books and records of LyondellBasell N.V. in accordance with the instructions to Form 10-Q and Rule 10-1 of Regulation S-X for interim financial information. Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States (“U.S. GAAP”) for complete financial statements. In our opinion, all adjustments, consisting only of normal recurring adjustments, considered necessary for a fair presentation have been included. The results for interim periods are not necessarily indicative of results for the entire year. These Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and notes thereto for the year ended December 31, 2014 .

Accounting and Reporting Change

Accounting and Reporting Changes	6 Months Ended
	Jun. 30, 2015
Accounting and Reporting Changes [Abstract]
Accounting and Reporting Changes [Text Block]	2. Accounting and Reporting Changes Recently Adopted Guidance Repurchase Agreements —In June 2014, the Financial Accounting Standards Board (“ FASB ”) issued Accounting Standard Update (“ ASU ”) 2014-11 , Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosure , which changes the accounting for repurchase-to-maturity transactions and other similar transactions. The amendments in this ASU require repurchase-to-maturity transactions to be ac counted for as secured borrowings rather than as sales with forward repurchase commitments. In addition, this ASU requires new and expanded disclosures about repurchase agreements and other similar transactions. The amendments in this update were effective for interim and annual periods beginning after December 15, 2014. The adoption of this amendment did not have a material impact on our Consolidated Financial Statements. Accounting Guidance Issued But Not Adopted as of June 30, 2015 Revenue Recognition —I n May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) , which supersedes the current revenue recognition requirements in Accounting Standard Codification (“ ASC ”) 606, Revenue Recognition. Under this guidance, entities sh ould recognize revenues to depict the transfer of promised goods or services to customers in an amount that reflects the consideration the entity expects to receive in exchange for those goods or services. This ASU also requires enhanced disclosures. The a mendments in this ASU were to be effective for annual and interim periods beginning after December 15, 2016. Retrospective and modified retrospective application is allowed. In July 2015, the FASB approved the proposal to defer the original effective date for one year until December 15, 2017. We are currently assessing the impact of this amendment on our Consolidated Financial Statements. Compensation —In June 2014, the FASB issued ASU 2014-12 , Stock Compensation (Topic 718): Accounting for Share-Based Paym ents When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period . Under this new guidance, entities are required to treat performance targets that affect vesting and could be achieved after the requisit e service period as a performance condition. The amendments in this ASU are effective for annual and interim periods beginning after December 15, 2015. Early adoption is permitted. The application of this amendment is not expected to have a material impact on our Consolidated Financial Statements. Going Concern— In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concer n. Under this new guidance, management is required to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued (or available to be issued when applicable). Additionally, the entity must provide certain disclosures if conditions or events raise substantial doubt about its ability to continue as a going concern. The amendments in this update are effective for annual periods ending after December 15, 2016 and in terim periods thereafter. Early adoption is permitted. The application of this amendment is not expected to have a material impact on our Consolidated Financial Statements. Extraordinary and Unusual Items —In January 2015, the FASB issued ASU 2015-01, Inco me Statement – Extraordinary and Unusual Items (Subtopic 225-20) : Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items, which eliminates the concept of extraordinary items. Under this new guidance, entities will no long er be required to separately classify, present and disclose extraordinary events and transactions. The amendments in this update are effective for annual and interim periods beginning after December 15, 2015. T he application of this amendment is not expect ed to have a material impact on our Consolidated Financial Statements. Consolidation —In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810) : Amendments to the Consolidation Analysis , which amends and changes the consolidation analysis currently required under U.S. GAAP. This ASU modif ies the process used to evaluate whether limited partnerships and similar entities are variable interest entities ( “ VIEs ” ) or voting interest entities ; affects the analysis performed by reporting entities regarding VIEs, particularly those with fee arrangements and related party relationships ; and provides a scope exception for certain investment funds. The amendments in this update are effective for annual and interim periods beginning after December 15, 2015. Early adoption is permitted. We are currently assessing the impact of this amendment on our Consolidated Financial Statements. Debt Issuance Costs —In April 2015, the FASB issued ASU 2015-03, Interest–Imputation of Interest (Subtopic 835-30) : Simpl ifying the Presentation of Debt Issuance Costs . Under this new guidance, entities will be required to present debt issuance costs related to a recognized debt liability in the balance sheet as a direct deduction from the carrying amount of that debt, cons istent with the current treatment of debt discounts. The amendments in this update, which should be applied retrospectively, are effective for annual and interim periods beginning after December 15, 2015. Early adoption is permitted. The application of this amendment is not expected to have a material impact on our Consolidated Financial Statements. Fair Value Measurement — In May 2015, the FASB issued ASU 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent). The amendments in this ASU eliminate the requirement for investments measured using the net asset value per share practical expedient to be categorized in the fair value hierarchy. Additionally, re porting entities will no longer be required to make certain disclosures for investments that are eligible to be measured at fair value using the net asset value per share practical expedient. The amendments in this update, which should be applied retrospe ctively, are effective for annual and interim periods beginning after December 15, 2015. Early adoption is permitted. The application of this amendment is not expected to have a material impact on our Consolidated Financial Statements. Inventories —In J uly 2015, the FASB issued ASU 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory. Under this new guidance, entities that measure inventory using any method other than last-in, first-out or the retail inventory method will be require d to measure inventory at the lower of cost and net realizable value. The amendments in this ASU, which should be applied prospectively, are effective for annual and interim periods beginning after December 15, 2016. Early adoption is permitted. We are cur rently assessing the impact of this amendment on our Consolidated Financial Statements.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2015
Discontinued Operations [Abstract]
Discontinued Operations [Text Block]	3 . Discontinued Operations The a mounts included in Income from discontinued operations of the Berre refinery are summarized as follows: Three Months Ended Six Months Ended June 30, June 30, Millions of dollars 2015 2014 2015 2014 Sales and other operating revenues $ - - $ - - $ 1 $ 1 Income (loss) from discontinued operations before income taxes $ 3 $ 7 $ (2) $ 7 Provision (benefit) for income taxes - - 4 (2) 3 Income from discontinued operations, net of tax $ 3 $ 3 $ - - $ 4 Future cash outflows will occur for exit or disposal activities and for payments made to severed employees. Exit and di s posal costs are expected to be incurred through the end of 2017 . Payments to the affected employees are expected to be substantially complete by 2019 . There is uncertainty in the manner, scope and timing of potential future asset disposal or dismantlement activities and their related cash flows. Although some dismantling and remediation activities may be considered or required at a future date, the amounts associated with such activities are not determinable at this time due to such uncertainties . The following table summarizes the changes in the accrual for the social plan for employees affected by the closure of the Berre refinery: Six Months Ended June 30, Millions of dollars 2015 2014 Beginning balance $ 26 $ 42 Cash payments (5) (7) Effect of exchange rate changes (2) - - Ending balance $ 19 $ 35 There are no significant assets or liabilities related to the Berre refinery other than those discussed above.

Accounts Receivable

Accounts Receivable	6 Months Ended
	Jun. 30, 2015
Accounts Receivable [Abstract]
Accounts Receivable [Text Block]	4. Accounts Receivable Our allowance for doubtful accounts receivable, which is reflected in the Consolidated Balance Sheets as a reduction of accounts receivable, totaled $ 24 million and $ 29 million at June 30, 2015 and December 31, 2014 , respectively .

Inventories

Inventories	6 Months Ended
	Jun. 30, 2015
Inventories [Abstract]
Inventories [Text Block]	5. Inventories Inventories consisted of the following components: June 30, December 31, Millions of dollars 2015 2014 Finished goods $ 2,744 $ 2,919 Work-in-process 167 304 Raw materials and supplies 1,268 1,294 Total inventories $ 4,179 $ 4,517 For information related to lower of cost or market inventory valuation adjustments recognized during the second quarter and first six months of 2015, see Note 14.

Debt

Debt	6 Months Ended
	Jun. 30, 2015
Debt [Abstract]
Debt [Text Block]	6. Debt Long-term loans, notes and other long-term debt consisted of the following: June 30, December 31, Millions of dollars 2015 2014 Senior Notes due 2019, $2,000 million, 5.0% $ 1,980 $ 1,993 Senior Notes due 2021, $1,000 million, 6.0% 1,000 1,000 Senior Notes due 2024, $1,000 million, 5.75% 1,000 1,000 Senior Notes due 2055, $1,000 million, 4.625% ($16 million of discount) 984 - - Guaranteed Notes due 2044, $1,000 million, 4.875% ($11 million of discount) 989 988 Guaranteed Notes due 2023, $750 million, 4.0% ($8 million of discount) 742 741 Guaranteed Notes due 2043, $750 million, 5.25% ($22 million of discount) 728 728 Guaranteed Notes due 2027, $300 million, 8.1% 300 300 Other 8 11 Total 7,731 6,761 Less current maturities (3) (4) Long-term debt $ 7,728 $ 6,757 At June 30, 2015 , our 5% Senior Notes due 2019 include gains of $ 22 million and $ 13 million related to adjustments for our fixed-for-floating interest rate swaps, which are recognized in Interest expense in the Consolidated Statements of Income for the three and six months ended June 30, 2015 , respectively. Short-term loans, notes, and other short-term debt consisted of the following: June 30, December 31, Millions of dollars 2015 2014 $2,000 million Senior Revolving Credit Facility $ - - $ - - $1,000 million U.S. Receivables Securitization Facility - - - - €450 million European Receivables Securitization Facility - - - - Commercial paper 500 262 Financial payables to equity investees 4 6 Precious metal financings 77 77 Other 1 1 Total short-term debt $ 582 $ 346 Long-Term Debt Senior Notes due 2055 — I n March 2015 , we issued $ 1,000 million of 4.625 % Notes due 2055 at a discounted price of 98.353 % . These unsecured notes rank equally in right of payment to all of LyondellBasell N.V. ’s existing and future unsubordinated indebtedness. The indenture governing these notes contains limited covenants, including those restricting our ability and the ability of our subsidiaries to incur indebtedness secured by significant property or by capital stock of subsidiar ies that own significant property , enter into certain sale and lease-back transactions with respect to any significant property or enter into consolidations, mergers or sales of all or substantially all of our assets. The notes may be redeemed before the date that is six months prior to the scheduled maturity date at a redemption price equal to the greater of 100% of the principal amount of the notes redeemed and the sum of the present values of the remaining scheduled payments of principal and interest ( discounted at the applicable Treasury Yield plus 35 basis points ) on the notes to be redeemed . The notes may also be redeemed on or after the date that is six months prior to the final maturity date of the notes at a redemption price equal to 100% of the principal amount of the notes redeemed plus accrued and unpaid interest . Short-Term Debt Senior Revolving Credit Facility ― In June 2015, we entered into an agreement to extend the maturity of our senior revolving credit facility to June 2020. Th is facility, which may be used for dollar and euro denominated borrowings, has a $ 700 million sublimit for dollar and euro denominated letters of credit and supports our commercial paper program. The aggregate balance of outstanding borrowings and letters of credit under this facility may not exceed $2,000 million at any given time. Borrowings under the facility bear interest at a Base Rate or LIBOR, plus an applicable margin. Additional fees are incurred for the average daily unused commitments. The fa cility contains customary covenants and warranties, including specified restrictions on indebtedness and liens. In addition, we are required to maintain a leverage ratio at the end of every quarter of 3.50 to 1.00 or less for the period covering the most recent four quarters. We are in compliance with these covenants as of June 30, 2015 . At June 30, 2015 , availability under this facility, which backs our $ 2,000 million commercial paper program discussed below , was $ 1,458 million. Availability under this facility is reduced by outstanding borrowings, outstanding letters of credit provided under the facility and notes issued under our $2,000 million commercial paper program . A small portion of our availability u nder this facility is impacted by changes in the euro/U.S. dollar exchange rate. At June 30, 2015 , we had $ 500 million of outstanding commercial paper, no outstanding letters of credit and no outstanding borrowings under this facility. Commercial Paper Program ―We have a commercial paper program under which we may issue up to $2,000 million of privately placed, unsecured, short-term promissory notes (“commercial paper”). This program is backed by our $2,000 million Senior Revolving Cred it Facility. Proceeds from the issuance of commercial paper may be used for general corporate purposes, including dividends and share repurchases. U.S. Receivables Securitization Facility ―Our U.S. accounts receivable securitization facility provides for u p to $1,000 million of liquidity through the sale or contribution of trade receivables by certain of our U.S. subsidiaries to a wholly owned, bankruptcy-remote subsidiary on an ongoing basis and without recourse . The bankruptcy-remote subsidiary may then, at its option and subject to a borrowing base of eligible receivables, sell undivided interests in the pool of trade receivables to financial institutions participating in the facility. In the event of liquidation, the bankruptcy-remote subsidiary’s asse ts will be used to satisfy the claims of its creditors prior to any assets or value in the bankruptcy-remote subsidiary becoming available to us. We are responsible for servicing the receivables. This facility also provides for the issuance of letters of credit up to $ 200 million. At June 30, 2015 , t here were no borrowings or letters of credit outstanding under the f acility. Availability under this facility was $ 938 million at that date. Other ― At June 30, 2015 and December 31, 2014 , our weighted average interest rates on outstanding short-term debt were 0.4 %. Debt Discount and Issuance Costs Amortization of debt discounts and debt issuance costs resulted in amortization expense of $ 8 million and $ 12 million in the six months ended June 30, 2015 and 2014 , respectively, which is included in Interest expense in the Consolidated Statements of Income.

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2015
Financial Instruments [Abstract]
Financial Instruments [Text Block]	7. Financial Instruments Cash Concentration ― Our cash equivalents are placed in high-quality commercial paper, money market funds and time deposits with major international banks and financial institutio ns. Market Risks — We are exposed to market risks, such as changes in commodity pricing, currency exchange rates and interest rates. To manage the volatility related to these exposures, we selectively enter into derivative transactions pursuant to our risk manag ement policies. Derivative instruments are recorded at fair value on the balance sheet. Gains and losses related to changes in the fair value of derivative instruments not designated as hedges are recorded in earnings. For derivatives that have been design ated as fair value hedges, the gains and losses of the derivatives and hedged instruments are recorded in earnings. For derivatives that have been designated as cash flow hedges, the effective portion of the gains and losses is recorded through other compr ehensive income (loss). The ineffective portion of cash flow hedges is recorded in earnings. Marketable Securities ―We invest cash in investment-grade securities for periods generally not exceeding two years. Investments in securities with original maturi ties of three months or less are classified as Cash and cash equivalents. At June 30, 2015 and December 31, 2014 , we had marketable securities classified as Cash and cash equivalents of $ 815 million and $ 431 million, respectively. We also have in vestments in marketable securities classified as available-for-sale. These securities, which are included in Short-term investments on the Consolidated Balance Sheets, are carried at estimated fair value with unrealized gains and losses recorded as a compo nent of Accumulated other comprehensive income (“AOCI”). We periodically review our available-for-sale securities for other-than-temporary declines in fair value below the cost basis, and when events or changes in circumstances indicate the carrying value of an asset may not be recoverable, the investment is written down to fair value, establishing a new cost basis. Repurchase Agreements ― W e invest in tri-party repurchase agreements. Under these agreements, we make cash purchases of securities according to a pre-agreed profile from our counterparties. The counterparties have an obligation to repurchase, and we have an obligation to sell, the same or substantially the same securities at a pre-defined date for a price equal to the purchase price plus interest. These securities, which pursuant to our policy are held by a third-party custodian and must generally have a minimum collateral value of 102%, secure the counterparty’s obligation to repurchase the securities. Depending upon maturity, these tri-party repurchase agreements are treated as short-term loans receivable s reflected in Prepaid expenses and other current assets or as long-term loans receivables reflected in Other investments and long-term receivables on our Consolidated Balance Sheets. The balance of our investment at June 30, 2015 and December 31, 2014 was $ 497 million and $ 350 million, respectively. Commodity Prices ―We are exposed to commodity price volatility related to anticipated purchases of natural gas liquids, crude oil and other raw materials and sales of our products. We selectively use over-the counter commodity swaps, options and exchange traded futures contracts with various terms to manage the volatility related to these risks. In addition, we are exposed to volatility on the prices of precious metals to the extent that we have obligations, classified as embedded derivatives, tied to the price of precious metals associated with secured borrowings. All aforementioned contracts are generally limited to d urations of one year or less. Foreign Currency Rates ―We have significant worldwide operations . The functional currencies of our consolidated subsidiaries through which we operate are primarily the U.S. dollar and the euro. We enter into transactions denominated in currencies other than our designated functional currencies. As a result, we are exposed to foreign currency risk on receivables and payables. We maintain risk management control policies intended to monitor foreign currency risk attributable to our outstanding foreign currency balances . These control policies involve the centralization of foreign currency exposure management, the offsetting of exposures and the estimating of expected impacts of changes in foreign currency rates on our earnings. We enter into foreign currency forward contracts to reduce the effects of our net currency exchange exposures. At June 30, 2015 , foreign currency forward contracts in the notional amount of $ 443 million, maturing in July 2015 through December 2015 , were outstanding. For forward contracts that economically hedge recognized monetary assets and liabilities in foreign currencies, no hedge accounting is applied. Changes in the fair value of foreign currency forward contracts, which are reported in the Consolidated Statements of Income, are offset in part by the currency translation results recognized on the assets and liabilities. Foreign Currency Gain (Loss) ―Other income, net, in the Consolidated Statements of Income reflected a loss of $4 million and a gain of $4 million for the three and six months ended June 30, 2015 and gains of $2 million and less than $1 million for the three and six months ended June 30, 2014 , respectively. Cross - Currency Swaps — We have cross-currency swap contracts that reduce our exposure to the foreign currency exchange risk associated with certain intercompany loans. Under the terms of these contracts, which have been designated as cash flow hedges, we will make interest payments in euros and receive interest in U.S. dollars. Upon the maturities of these contracts, we will pay the principal amount of the loans in euros and receive U.S. dollars from our counterparties. We use the long-haul method to assess hedge effectiveness using a regression analysis approach under the hypothetical derivative method. We perform the regression analysis over an observation period of three years, utilizing data that is relevant to the hedge duration. We use the dollar offset method under the hypothetical derivative method to measure ineffectiveness. The effective portion of the unrealized gains and losses on these cross-currency swap contracts is reported in Accumulated other comprehensive loss and reclassified to earnings over the period that the hedged intercompany loans affect earnings based on changes in spot rates. The ineffective portion of the unrealized gains and losses is recorded directly to Other income, net in the Consolidated Statements of Income. In addition, the swaps are marked-to-market each reporting period with the euro notional values measured based on the current foreign exchange spot rate. There was no ineffectiveness recorded during th e three and six months ended June 30, 2015 . The following table summarizes our cross-currency swaps outstanding: June 30, 2015 December 31, 2014 Millions of dollars, except Expiration Average Notional Fair Notional Fair expiration date and rates Date Interest Rate Value Value Value Value Pay Euro 2021 4.55% $ 1,000 $ 117 $ 1,000 $ 19 Receive U.S. dollars 6.00% Pay Euro 2024 4.37% 1,000 115 1,000 16 Receive U.S. dollars 5.75% Pay Euro 2027 3.69% 300 3 - - - - Receive U.S. dollars 5.49% Forward-Starting Interest Rate Swaps— In March 2015, we entered into forward-starting interest rate swaps to mitigate the risk of adverse changes in the benchmark interest rates on the anticipated refinancing of our senior notes due 2019 . These interest rate swaps will be terminated upon debt issuance. The total notional amount of these forward-starting interest rate swaps was $ 1,000 million at June 30, 2015 . During the three and six months ended June 30, 2015 , we recorded a gain of $1 million related to the ineffectiveness of this hedging relationship. In January 2015, we entered into forward-starting interest rate swaps with a total notional value of $ 750 million to mitigate the risk of adverse changes in the benchmark interest rates on the Company’s planned issuance of fixed-rate debt in 2015. These forward-starting interest rate swaps were terminated upon issuance of the $ 1,000 million senior notes due 2055 in March 2015. The ineffectiveness recorded for this hedging relationship was immaterial during the six months ended June 30, 2015 . In February 2014, we entered into forward-starting interest rate swaps with a total notional value of $ 500 million to hedge the risk of adverse changes in the benchmark interest rate s for anticipated fixed-rate debt issuances in 2014. The swap was terminated upon issuance of the $ 1,000 million of guaranteed notes due 2044 . W e have elected to designate these forward-starting interest rate swaps as cash flow hedges. The effective portion of the gain or loss is recorded in Accumulated other comprehensive loss. In periods where the hedging relationship is deemed ineffective, changes in the fair value will be recorded as Interest expense in the Consolidated Statements of Income. We use a regression analysis approach under the hypothetical derivative method to assess both prospective and retrospective hedge effectiveness. We use the dollar-offset method under the hypothetical derivative method to measure hedge ineffectiveness. In 2015 and 2014, we recognized a gain of $ 15 million and a loss of $ 17 million, respectively, in AOCI related to the settlement of these swap agreements. The related deferred gains and losses recognized in AOCI are amortized to interest expense over the original term of the related swaps using the effective interest method. As of June 30, 2015 , $ 1 million (on a pretax basis) is scheduled to be reclassified as an increase to interest expense over the next twelve months. Fixed-for-Floating Interest Rate Swap s — In 2014, we entered into U.S. dollar fixed-for-floating interest rate swaps with third party financial institution s to mitigate changes in the fair value of our $ 2,000 million 5 % senior notes due 2019 associated with the risk of variability in the 3 Month U SD LIBOR rate (the benchmark interest rate). T hese interest rate swaps are used as part of our current interest rate risk management strategy to achieve a desired proportion of variable versus fixed rate debt. Under these arrangements, we exchange fixed for floating rate interest payments to effectively convert our fixed - rate debt to floating rate - debt. The fixed and variable cash payments related to the interest rate swaps are net settled semi-annually and classified as Other, net, in the Cash flows from operating activities section of the Consolidated Statements of Cash Flows. W e have elected to designate these fixed-for-floating interest rate swaps as fair value hedges. We use the long-haul method to assess hedge effectiveness using a regression analysis approach. We perform the regression analysis over an observation period of three years, utilizing data that is relevant to the hedge duration. We use the dollar offset method to measure ineffectiveness. C hanges in the fair value of the derivatives and changes in the value of the hedged items based on changes in the benchmark interest rate are recorded as Interest expense in our Consolidated Statements of Income. We evaluate the effectiveness of the hedging relationship periodically and calculate the change s in the fair value of the derivatives and the underlying hedged item s separately. In the three and six months ended June 30, 2015 , we recognized net gain s of $ 11 million and $ 22 million, respectively, related to the ineffectiveness of our hedging relationships. At June 30, 2015 , we had outstanding interest rate swap agreements with notional amounts of $ 2,000 million, maturing in April 15, 2019 . Available-for-Sale Securities ― The following table summarizes the amortized cost, gross unrealized gains and losses, and fair value of available-for-sale securities measured on a recurring basis that are outstanding as of June 30, 2015 and December 31, 2014 . Refer to Note 8 for additional information regarding the fair value of available-for-sale securities. June 30, 2015 Gross Gross Unrealized Unrealized Fair Millions of dollars Cost Gains Losses Value Commercial paper $ 1,541 $ 1 $ - - $ 1,542 Bonds 247 - - - - 247 Certificates of deposit 200 - - - - 200 Total available-for-sale securities $ 1,988 $ 1 $ - - $ 1,989 December 31, 2014 Gross Gross Unrealized Unrealized Fair Millions of dollars Cost Gains Losses Value Commercial paper $ 1,029 $ 1 $ - - $ 1,030 Bonds 414 - - (1) 413 Certificates of deposit 150 - - - - 150 Total available-for-sale securities $ 1,593 $ 1 $ (1) $ 1,593 N o losses related to other-than-temporary impairments of our available-for-sale investments have been recorded in Accumulated other comprehensive loss during the six month s ended June 30, 2015 and the year ended December 31, 2014 . As of June 30, 2015 , the commercial paper securities held by the Company had maturities between less than one and twelve months, bonds had maturities between three and twenty-seven months and certificates of deposit mature between eleven and twenty months. The proceeds from maturities and sales of our available-for-sale securities during the three and six months ended June 30, 2015 and 2014 are summarized in the following table. Three Months Ended Six Months Ended June 30, June 30, Millions of dollars 2015 2014 2015 2014 Proceeds from maturities of securities $ 10 $ 272 $ 182 $ 272 Proceeds from sales of securities 550 - - 815 - - W e recognized realized gains of less than $1 million in connection with the sale of securities during both the three and six months ended June 30, 2015 . The specific identification method was used to identify the cost of the securities sold and the amounts reclassified out of Accumulated other comprehensive income into earnings. The following table summarizes the fair value and unrealized losses related to available-for-sale securities that were in a continuous unre alized loss position for less than and greater than twelve months as of June 30, 2015 and December 31, 2014 . June 30, 2015 Less than 12 months Greater than 12 months Fair Unrealized Fair Unrealized Millions of dollars Value Loss Value Loss Commercial paper $ 411 $ - - $ - - $ - - Bonds 144 - - 12 - - Certificates of deposit 150 - - - - - - Total $ 705 $ - - $ 12 $ - - December 31, 2014 Less than 12 months Greater than 12 months Fair Unrealized Fair Unrealized Millions of dollars Value Loss Value Loss Commercial paper $ 45 $ - - $ - - $ - - Bonds 294 (1) - - - - Certificates of deposit 150 - - - - - - Total $ 489 $ (1) $ - - $ - - Financial Instruments ― The following table summarizes financial instruments outstanding as of June 30, 2015 and December 31, 2014 that are measured at fair value on a recurring basis. Refer to Note 8 for additional information regarding the fair value of financial instruments. June 30, 2015 December 31, 2014 Balance Sheet Notional Fair Notional Fair Millions of dollars Classification Amount Value Amount Value Assets– Derivatives designated as cash flow hedges: Cross-currency swaps Other assets $ 2,300 $ 227 $ 2,000 $ 30 Cross-currency swaps Prepaid expenses and other current assets - - 8 - - 5 Forward-starting Other assets 1,000 66 - - - - interest rate swaps Derivatives designated as fair value hedges: Fixed-for-floating Other assets interest rate swaps 2,000 20 2,000 10 Fixed-for-floating Prepaid expenses interest rate swaps and other current assets - - 6 - - 6 Derivatives not designated as hedges: Commodities Prepaid expenses and other current assets 70 21 - - 2 Embedded derivatives Prepaid expenses and other current assets 77 10 77 3 Foreign currency Prepaid expenses and other current assets 80 1 107 - - Non-derivatives: Available-for-sale Short-term securities investments 1,984 1,989 1,587 1,593 $ 7,511 $ 2,348 $ 5,771 $ 1,649 June 30, 2015 December 31, 2014 Balance Sheet Notional Fair Notional Fair Millions of dollars Classification Amount Value Amount Value Liabilities– Derivatives not designated as hedges: Commodities Accrued liabilities $ 2 $ 2 $ 28 $ 1 Foreign currency Accrued liabilities 363 4 680 13 Non-derivatives: Performance share Accrued liabilities awards 21 21 22 22 Performance share Other liabilities awards 13 13 14 14 $ 399 $ 40 $ 744 $ 50 The following table summarizes the pretax effect of derivative instruments char ged directly to income. Effect of Financial Instruments Three Months Ended June 30, 2015 Gain (Loss) Additional Gain (Loss) Reclassified Gain (Loss) Recognized from AOCI Recognized Income Statement Millions of dollars in AOCI to Income in Income Classification Derivatives designated as cash-flow hedges: Cross-currency swaps $ (70) $ 67 $ - - Other income, net Forward-starting interest rate swaps 95 - - 1 Interest expense Derivatives designated as fair value hedges: Fixed-for-floating interest rate swaps - - - - (3) Interest expense Derivatives not designated as hedges: Commodities - - - - 12 Sales and other operating revenues Commodities - - - - 8 Cost of sales Embedded derivatives - - - - 4 Cost of sales Foreign currency - - - - 19 Other income, net $ 25 $ 67 $ 41 Three Months Ended June 30, 2014 Gain (Loss) Additional Gain (Loss) Reclassified Gain (Loss) Recognized from AOCI Recognized Income Statement Millions of dollars in AOCI to Income in Income Classification Derivatives not designated as hedges: Commodities $ - - $ - - $ 7 Cost of sales Embedded derivatives - - - - (3) Cost of sales Foreign currency - - - - 3 Other income, net $ - - $ - - $ 7 Effect of Financial Instruments Six Months Ended June 30, 2015 Gain (Loss) Additional Gain (Loss) Reclassified Gain (Loss) Recognized from AOCI Recognized Income Statement Millions of dollars in AOCI to Income in Income Classification Derivatives designated as cash-flow hedges: Cross-currency swaps $ 197 $ (153) $ - - Other income, net Forward-starting interest rate swaps 80 - - 1 Interest expense Derivatives designated as fair value hedges: Fixed-for-floating interest rate swaps - - - - 25 Interest expense Derivatives not designated as hedges: Commodities - - - - 9 Sales and other operating revenues Commodities - - - - 9 Cost of sales Embedded derivatives - - - - 7 Cost of sales Foreign currency - - - - (59) Other income, net $ 277 $ (153) $ (8) Six Months Ended June 30, 2014 Gain (Loss) Additional Gain (Loss) Reclassified Gain (Loss) Recognized from AOCI Recognized Income Statement Millions of dollars in AOCI to Income in Income Classification Derivatives designated as cash-flow hedges: Forward-starting interest rate swaps $ (17) $ - - $ (1) Interest expense Derivatives not designated as hedges: Commodities - - - - 7 Cost of sales Embedded derivatives - - - - (5) Cost of sales Foreign currency - - - - 5 Other income, net $ (17) $ - - $ 6 For the three and six months ended June 30, 2015 , the pretax effect of additional gain recognized in income for the fixed-for-floating interest rate swaps includes the net value for accrued interest of $ 7 million and $ 15 million, respectively.

Fair Value Measurement

Fair Value Measurement	6 Months Ended
	Jun. 30, 2015
Fair Value Measurement [Abstract]
Fair Value Measurement [Text Block]	8. Fair Value Measurement The following table presents the financial instruments outstanding as of June 30, 2015 and December 31, 2014 that are measured at fair value on a recurring basis. June 30, 2015 Fair Millions of dollars Value Level 1 Level 2 Level 3 Assets– Derivatives: Cross-currency swaps $ 235 $ - - $ 235 $ - - Forward-starting interest rate swaps 66 - - 66 - - Fixed-for-floating interest rate swaps 26 - - 26 - - Commodities 21 2 19 - - Embedded derivatives 10 - - 10 - - Foreign currency 1 - - 1 - - Non-derivatives: Available-for-sale securities 1,989 - - 1,989 - - $ 2,348 $ 2 $ 2,346 $ - - Liabilities– Derivatives: Commodities $ 2 $ 2 $ - - $ - - Foreign currency 4 - - 4 - - Non-derivatives: Performance share awards 34 34 - - - - $ 40 $ 36 $ 4 $ - - December 31, 2014 Fair Millions of dollars Value Level 1 Level 2 Level 3 Assets– Derivatives: Cross-currency swaps $ 35 $ - - $ 35 $ - - Fixed-for-floating interest rate swaps 16 - - 16 - - Commodities 2 2 - - - - Embedded derivatives 3 - - 3 - - Non-derivatives: Available-for-sale securities 1,593 - - 1,593 - - $ 1,649 $ 2 $ 1,647 $ - - Liabilities– Derivatives: Commodities $ 1 $ 1 $ - - $ - - Foreign currency 13 - - 13 - - Non-derivatives: Performance share awards 36 36 - - - - $ 50 $ 37 $ 13 $ - - There were no transfers between Level 1 and Level 2 during the six months ended June 30, 2015 and the year ended December 31, 2014 . The following table presents the carrying value and estimated fair value of our financial instruments that are not measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014 . Short-term and long-term loans receivable and short-term and long-term debt are recorded at amortized cost in the Consolidated Balance Sheets. The carrying and fair values of short-term and long-term debt exclude capital leases. June 30, 2015 Carrying Fair Millions of dollars Value Value Level 1 Level 2 Level 3 Non-derivatives: Assets: Short-term loans receivable $ 396 $ 396 $ - - $ 396 $ - - Long-term loans receivable 101 101 - - 101 - - Total $ 497 $ 497 $ - - $ 497 $ - - Liabilities: Short-term debt $ 77 $ 67 $ - - $ 67 $ - - Long-term debt 7,727 8,247 - - 8,243 4 Total $ 7,804 $ 8,314 $ - - $ 8,310 $ 4 December 31, 2014 Carrying Fair Millions of dollars Value Value Level 1 Level 2 Level 3 Non-derivatives: Assets: Short-term loans receivable $ 350 $ 350 $ - - $ 350 $ - - Liabilities: Short-term debt $ 77 $ 74 $ - - $ 74 $ - - Long-term debt 6,756 7,529 - - 7,523 6 Total $ 6,833 $ 7,603 $ - - $ 7,597 $ 6 The fair value of all non-derivative financial instruments included in Current assets, including Cash and cash equivalents, Restricted cash and Accounts receivable, and Current liabilities, including Short-term debt excluding precious metal financings, and Accounts payable, approximates the applicable carrying value due to the short maturity of those instruments. We use the following inputs and valuation techniques to estimate the fair valu e of our financial instruments: Cross-Currency Swaps ―The fair value of our cross-currency swaps is calculated using the present value of future cash flows discounted using observable inputs with the foreign currency leg revalued using published spot exchange rates on the valuation date. Forward-Starting Interest Rate Swaps —The fair value of our forward-starting interest rate swaps is calculated using the present value of future cash flows method and based on observable inputs such as benchmark interest rates. Fixed-for-Floating Interest Rate Swaps —The fair value of our fixed-for-floating interest rate swaps is calculated using the present value of future cash flows method and based on observable inputs such as interest rates and market yield curves. Commodity and Embedded Derivatives —The fair value s of our commodity derivatives classified as Level 1 and embedded derivatives are measured using closing market price s at the end of the reporting period obtained from the New York Mercantile Exchange and from third-party broker quotes and pricing providers. The fair value of our commodity swaps classified as Level 2 is determined using a combination of observable and unobservable inputs. The observable inputs consist of future market values of various crude and heavy fuel oils, which are readily available through public data sources. The unobservable input, which is the estimated discount or premium used in the market pricing, is calculated using an internally-developed, multi-linear regression model based on the observable prices of the known components and their relationships to historical prices. A significant change in this unobservable input would not have a material impact on the fair value measurement of our level 2 commodity swaps. Foreign Currency Derivatives ― The fair value of our foreign currency derivatives is based on forward market rates. Available-for-Sale Securities— Fair value is calculated using observable market data for similar securities and broker quotes from recognized purveyors of market data. Performance Share Awards— Fair value is determined using the quoted market price of our stock. Short-Term and Long-Term Loans Receivable — Valuations are based on discounted cash flows, which consider prevailing market rates for the respective instrument maturity in addition to corroborative support from the minimum underlying collateral requirements. Short -Term Debt —Fair value s of short-term borrowings related to precious metal financing arrangements are determined based on the price of the associated precious metal. Long-Term Debt —Fair value is calculated using pricing data obtained from well-established and recognized vendors of market data for debt valuations.

Pension and Other Postretiremen

Pension and Other Postretirement Benefits	6 Months Ended
	Jun. 30, 2015
Pension and Other Postretirement Benefits [Abstract]
Pension and Other Postretirement Benefits [Text Block]	9. Pension and Other Postretirement Benefits Net periodic pension benefits included the following cost components for the periods presented : U.S. Plans Three Months Ended Six Months Ended June 30, June 30, Millions of dollars 2015 2014 2015 2014 Service cost $ 11 $ 11 $ 22 $ 22 Interest cost 22 22 43 44 Expected return on plan assets (37) (39) (73) (78) Actuarial and investment loss amortization 3 - - 6 - - Net periodic benefit credits $ (1) $ (6) $ (2) $ (12) Non-U.S. Plans Three Months Ended Six Months Ended June 30, June 30, Millions of dollars 2015 2014 2015 2014 Service cost $ 8 $ 7 $ 17 $ 15 Interest cost 11 12 20 23 Expected return on plan assets (7) (7) (13) (13) Settlements gain - - - - - - (1) Prior service cost amortization 1 1 1 2 Actuarial and investment loss amortization 2 1 4 2 Net periodic benefit costs $ 15 $ 14 $ 29 $ 28 Net periodic other postretirement benefits included the following cost components for the periods presented: U.S. Plans Three Months Ended Six Months Ended June 30, June 30, Millions of dollars 2015 2014 2015 2014 Service cost $ 1 $ 1 $ 2 $ 2 Interest cost 3 3 7 7 Actuarial loss amortization 1 - - 1 2 Net periodic benefit costs $ 5 $ 4 $ 10 $ 11 Non-U.S. Plans Three Months Ended Six Months Ended June 30, June 30, Millions of dollars 2015 2014 2015 2014 Interest cost $ - - $ - - $ 1 $ 1 Actuarial loss amortization 1 1 2 1 Net periodic benefit costs $ 1 $ 1 $ 3 $ 2

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Taxes [Abstract]
Income Taxes [Text Block]	10. Income Taxes Our effective income tax rate for the second quarter of 2015 was 29.0 % compared with 26.6 % for the second quarter of 2014 . For the first six months of 2015 , the effective income tax rate was 28.2 % compared with 27.6 % for the first six months of 2014 . Our effective tax rate fluctuates based on, among other factors, changes in pretax income in countries with varying statutory tax rates, the U.S. domestic production activity deduction, changes in valuation allowances and changes in unrecognized tax benefits associated with uncertain tax positions. Compared with the second quarter of 2014, the higher effective tax rate for the second quarter of 2015 was primarily due to increases in foreign exchange gains, a reduced impact of internal financings due to increased earnings, and decreases in nontaxable income, partially offset by changes in the mix of earnings in countries with varying statutory tax rates. Compared with the first six months of 2014, the effective tax rate for the first six months of 2015 was higher primarily due to changes in return to accrual adjustments and decreases in non-taxable income, partially offset by increases in internal financing and changes in the mix of earnings in countries with varying statutory tax rates. A portion of the Company’s interest income from internal financing is either untaxed or taxed at rates substantially lower than the U.S. statutory rate. We currently anticipate the favorable treatment for the interest income to continue in the near term; however, this treatment is based on current law and tax rulings, which could change. We monitor income tax legislative developments in countries where we are tax residents. Management does not believe that recent changes in income tax laws in our tax resident countries will have a material impact on our Consolidated Financial Statements, although new or proposed changes to tax laws could affect our tax liabilities in the future.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies [Abstract]
Commitments and Contingencies [Text Block]	11. Commitments and Contingencies Financial Assurance Instruments —We have obtained letters of credit, performance and surety bonds and have issued financial and performance guarantees to support trade payables, potential liabilities and other obligations. Considering the frequency of claims made against the financial instruments we use to support our obligations, and the magnitude of those financial instruments in light of our current financial position, management does not expect that any claims against or draws on these instruments would have a material adverse effect on our Consolidated Financial Statements. We have not experienced any unmanageable difficulty in obtaining the required financial assurance instruments for our current operations. Environmental Remediation —Our accrued liability for future environmental remediation costs at current and former plant sites and other remediation sites totaled $ 100 million and $106 million as of June 30, 2015 and December 31, 2014 , respectively. At June 30, 2015 , the accrued liabilities for individual sites range from less than $ 1 million to $19 million . The remediation expenditures are expected to occur over a number of years, and not to be concentrated in any single year. In our opinion, it is reasonably possible that losses in excess of the liabilities recorded may have been incurred. However, we cannot estimate any amount or range of such possible additional losses. New information about sites, new technology or future developments such as involvement in investigations by regulatory agencies, could require us to reassess our potential exposure related to environmental matters. The following table summarizes the activity in our accrued environmental liability included in “Accrued liabilities” and “Other liabilities : ” Six Months Ended June 30, Millions of dollars 2015 2014 Beginning balance $ 106 $ 120 Changes in estimates 3 - - Amounts paid (3) (3) Foreign exchange effects (6) (1) Other - - (2) Ending balance $ 100 $ 114 Access Indemnity Demand ―In December 2010, one of our subsidiaries received demand letters from affiliates of Access Industries (collectively, “Access Entities”), a more than five percent shareholder of the Company , demanding indemnity for losses, including attorney’s fees and expenses, arising out of a pending lawsuit styled Edward S. Weisfelner , as Litigation Trustee of the LB Litigation Trust v. Leonard Blavatnik , et al., Adversary Proceeding No. 09-1375 (REG), in the United States Bankruptcy Cou rt, Southern District of New York. In the Weisfelner lawsuit, the plaintiffs seek to recover from Access the return of all amounts earned by the Access Entities related to their purchase of shares of Lyondell Chemical prior to its acquisition by Basell AF S.C.A.; distributions by Basell AF S.C.A. to its shareholders before it acquired Lyondell Chemical ; and management and transaction fees and expenses. The trial that was scheduled for October 2011 has been postponed. The Access Entities have also demanded $ 100 million in management fees under a 2007 management agreement between an Access affiliate and the predecessor of LyondellBasell AF, as well as other unspecified amounts relating to advice purportedly given in connection with financing and other strate gic transactions. In June 2009, an Access affiliate filed a proof of claim in Bankruptcy Court against LyondellBasell AF seeking “no less than ” $ 72 3 thousand for amounts allegedly owed under the 2007 management agreement. In April 2011, Lyondell Chemical filed an objection to the claim and brought a declaratory judgment action for a determination that the demands are not valid. The declaratory judgment action is stayed pending the outcome of the Weisfelner lawsuit. We do not believe that the 2007 manageme nt agreement is in effect or that the Company or any Company-affiliated entity owes any obligations under the management agreement, including for management fees or for indemnification. We intend to vigorously defend our position in any proceedings and ag ainst any claims or demands that may be asserted. We cannot at this time estimate the reasonably possible loss or range of loss that may be incur red in the Weisfelner lawsuit ; therefore , we cannot estimate the loss that may be sought by way of indemnity. Indemnification —We are parties to various indemnification arrangements, including arrangements entered into in connection with acquisitions, divestitures and the formation and dissolution of joint ventures. Pursuant to these arrangements, we provide indemnification to and/or receive indemnification from other parties in connection with liabilities that may arise in connection with the transactions and in connection with activities prior to completion of the transactions. These indemnification arrangements typically include provisions pertaining to third party claims relating to environmental and tax matters and various types of litigation. As of June 30, 2015 , we had not accrued any significant amounts for our indemnification obligations, and we are not aware of other circumstances that would likely lead to significant future indemnification obligations. We cannot determine with certainty the potential amount of future payments under the indemnification arrangements until events arise that would trigger a liability under the arrangements. As part of our technology licensing contracts, we give indemnifications to our licensees for liabilities arising from possible patent infringement claims with respect to certain proprietary licensed technologies. Such indemnifications have a stated maximum amount and generally cover a period of five to ten years.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2015
Stockholders' Equity [Abstract]
Stockholders' Equity [Text Block]	12. Stockholders’ Equity Dividend distributions ―The following table summarizes the dividends paid in the periods presented: Dividend Per Aggregate Ordinary Dividends Millions of dollars, except per share amounts Share Paid Date of Record March $ 0.70 $ 334 March 2, 2015 June 0.78 368 June 1, 2015 $ 1.48 $ 702 Share Repurchase Program s —During the second quarter of 2015 and 2014, w e completed the repurchase of shares under share repurchase programs authorized by our shareholders in April 2014 (“ April 2014 Share Repurchase Program ”) and May 2013 (“ May 2013 Share Repurchase Program ”) , respectively. We were authorized to purchase up to 10 % of our outstanding shares under each of these programs. In May 2015 , our shareholders approved a proposal to authoriz e us to repurchase up to an additional 10 % of our outstanding ordinary shares through November 2016 (“May 2015 Share Repurchase Program”). These repurchases, which are determined at the discretion of our Management Board, may be executed from time to time through open market or privately negotiated transactions. The repurchased shares are recorded as Treasury stock and may be retired or used for general corporate purposes, including for various employee benefit and compensation plans. The following table summarizes our share repurchase activity: Six Months Ended June 30, 2015 Average Total Purchase Shares Purchase Price, Including Millions of dollars, except shares and per share amounts Repurchased Price Commissions April 2014 Share Repurchase Program 19,892,101 $ 86.40 $ 1,719 May 2015 Share Repurchase Program 3,728,610 102.87 383 23,620,711 $ 89.00 $ 2,102 Six Months Ended June 30, 2014 Average Total Purchase Shares Purchase Price, Including Millions of dollars, except shares and per share amounts Repurchased Price Commissions May 2013 Share Repurchase Program 30,225,236 $ 90.31 $ 2,730 April 2014 Share Repurchase Program 4,003,964 99.25 397 34,229,200 $ 91.36 $ 3,127 Due to the timing of settlements, total cash paid for sh are repurchases for the six months ended June 30, 2015 and 2014 was $ 2,137 million and $ 3,067 million, respectively . Ordinary Shares —The changes in the outstanding amounts of ordinary shares are as follows: Six Months Ended June 30, 2015 2014 Ordinary shares outstanding: Beginning balance 486,969,402 548,824,138 Share-based compensation 4,715,684 818,836 Warrants exercised 1,602 100 Employee stock purchase plan 15,741 12,673 Purchase of ordinary shares (23,620,711) (34,229,200) Ending balance 468,081,718 515,426,547 Treasury Shares— The changes in the amounts of treasury shares held by the Company are as follows: Six Months Ended June 30, 2015 2014 Ordinary shares held as treasury shares: Beginning balance 91,463,729 29,607,877 Share-based compensation (4,715,684) (818,836) Warrants exercised 150 - - Employee stock purchase plan (15,741) (12,673) Purchase of ordinary shares 23,620,711 34,229,200 Ending balance 110,353,165 63,005,568 Accumulated O ther C omprehensive Income (Loss) — The components of, and after-tax changes in, Accumulated other comprehensive income (loss) as of and for the six months ended June 30, 2015 and 2014 are presented in the following table : Defined Net Unrealized Pension Foreign Holding Gains and Other Currency Financial on Investments Postretirement Translation Millions of dollars Derivatives Net of Tax Benefit Plans Adjustments Total Balance – January 1, 2015 $ (80) $ - - $ (449) $ (497) $ (1,026) Other comprehensive income (loss) before reclassifications 213 - - - - (351) (138) Amounts reclassified from accumulated other comprehensive loss (153) - - 10 - - (143) Net other comprehensive income (loss) 60 - - 10 (351) (281) Balance – June 30, 2015 $ (20) $ - - $ (439) $ (848) $ (1,307) Balance – January 1, 2014 $ - - $ - - $ (140) $ 236 $ 96 Other comprehensive income (loss) before reclassifications (13) 1 (7) (40) (59) Amounts reclassified from accumulated other comprehensive income - - - - 6 - - 6 Net other comprehensive income (loss) (13) 1 (1) (40) (53) Balance – June 30, 2014 $ (13) $ 1 $ (141) $ 196 $ 43 The amounts reclassified out of each component of A ccumulated other comprehensive income (loss) are as follows: Three Months Ended Six Months Ended Affected line item on June 30, June 30, the Consolidated Millions of dollars 2015 2014 2015 2014 Statements of Income Reclassification adjustments for: Defined pension and other postretirement benefit plan items: Amortization of: Prior service cost $ 1 $ 1 $ 1 $ 2 Actuarial loss 7 2 13 5 Financial derivatives: Cross-currency swaps 67 - - (153) - - Other income, net Reclassifications, before tax 75 3 (139) 7 Income tax expense 2 - - 4 1 Provision for income taxes Amounts reclassified out of Accumulated other comprehensive income (loss) $ 73 $ 3 $ (143) $ 6 Amortization of p rior service cost and a ctuarial loss are included in the computation of net periodic pension and other postretirement benefit costs (see Note 9). Non-Controlling Interest s— In June 2015, we received $ 24 million from a holder of a minority interest in one of our consolidated partnerships to exit the partnership. Accordingly, our interest in this partnership increased resulting in an impact to equity of a $ 4 million reduction of Non-controlling interests and a $32 million increase in Additional paid-in capital.

Per Share Data

Per Share Data	6 Months Ended
	Jun. 30, 2015
Per Share Data [Abstract]
Per Share Data [Text Block]	13. Per Share Data Basic earnings per share is based upon the weighted average number of shares of common stock outstanding during the periods. Diluted earnings per share includes the effect of certain stock option awards and other equity-based compensation awards . We have unvested restricted stock units that are considered participating securities for earnings per share. Earnings per share data and dividends declared per share of common stock are as follows: Three Months Ended June 30, 2015 2014 Continuing Discontinued Continuing Discontinued Millions of dollars Operations Operations Operations Operations Net income $ 1,326 $ 3 $ 1,173 $ 3 Less: net loss attributable to non-controlling interests 1 - - 2 - - Net income attributable to the Company shareholders 1,327 3 1,175 3 Net income attributable to participating securities (2) - - (4) - - Net income attributable to ordinary shareholders – basic and diluted $ 1,325 $ 3 $ 1,171 $ 3 Millions of shares, except per share amounts Basic weighted average common stock outstanding 472 472 523 523 Effect of dilutive securities: Stock options - - - - 4 4 Potential dilutive shares 472 472 527 527 Earnings per share: Basic $ 2.81 $ 0.01 $ 2.24 $ 0.01 Diluted $ 2.81 $ 0.01 $ 2.22 $ 0.01 Participating securities 0.5 0.5 1.5 1.5 Dividends declared per share of common stock $ 0.78 $ - - $ 0.70 $ - - Six Months Ended June 30, 2015 2014 Continuing Discontinued Continuing Discontinued Millions of dollars Operations Operations Operations Operations Net income $ 2,493 $ - - $ 2,116 $ 4 Less: net loss attributable to non-controlling interests 3 - - 3 - - Net income attributable to the Company shareholders 2,496 - - 2,119 4 Net income attributable to participating securities (6) - - (6) - - Net income attributable to ordinary shareholders – basic and diluted $ 2,490 $ - - $ 2,113 $ 4 Millions of shares, except per share amounts Basic weighted average common stock outstanding 475 475 533 533 Effect of dilutive securities: Stock options 2 2 4 4 Potential dilutive shares 477 477 537 537 Earnings per share: Basic $ 5.24 $ - - $ 3.96 $ 0.01 Diluted $ 5.22 $ - - $ 3.93 $ 0.01 Participating securities 0.5 0.5 1.5 1.5 Dividends declared per share of common stock $ 1.48 $ - - $ 1.30 $ - -

Segment and Related Information

Segment and Related Information	6 Months Ended
	Jun. 30, 2015
Segment and Related Information [Abstract]
Segment and Related Information [Text Block]	14. Segment and Related Information Our operations are managed through five operating segments, as shown below. We disclose the results of each of our operating segments in accordance with ASC 280, Segment Reporting . Each of our operating segments is managed by a senior executive reporting directly to our Chief Executive Officer , the chief operating decision maker. D iscrete financial information is available for each of the segments , and o ur Chief Executive Officer uses the operating results of each of the operating segments for performance evaluation and resource allocation . The activities of each of our segments from which they earn revenues and incur expenses are described below: Olefins and Polyolefins–Americas (“O&P–Americas”). Our O&P–Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefins. Olefins and P olyolefins –Europe, Asia, International (“O&P–EAI”). Our O&P–EAI segment produces and markets olefins, including ethylene and ethylene co-products, polyolefins and specialty products, including polybutene-1 and polypropylene compounds. Intermediate s and D erivatives (“I&D”). Our I&D segment produces and markets propylene oxide and its co-products and derivatives, acetyls, including methanol, ethylene oxide and its derivatives, ethanol and oxygenated fuels, or oxyfuels. Refining. Our Refining segment refines heavy, high-sulfur crude oils and other crude oils of varied types and sources available on the U.S. Gulf Coast. Technology. Our Technology segment develops and licenses chemical and polyolefin process technologies and manufactures and sells polyolefin catalysts. EBITDA is the primary measure used in reviewing our segments’ profitability and therefore, in accordance with ASC 280, Segment Reporting , we have presented EBITDA for all segments. We define EBITDA as earnings before interest, taxes and depreciation and amortization. Intersegment eliminations and i tems that are not directly related or allocated to business operations are incl u ded in “Other.” Sales between segments are made primarily at prices approximating prevailing market prices. Summarized financial information concerning reportable segments is shown in the following table for the periods presented : Three Months Ended June 30, 2015 O&P– O&P– Millions of dollars Americas EAI I&D Refining Technology Other Total Sales and other operating revenues: Customers $ 1,977 $ 3,011 $ 2,116 $ 1,955 $ 86 $ - - $ 9,145 Intersegment 702 50 43 147 21 (963) - - 2,679 3,061 2,159 2,102 107 (963) 9,145 EBITDA 1,014 492 466 159 57 (2) 2,186 Three Months Ended June 30, 2014 O&P– O&P– Millions of dollars Americas EAI I&D Refining Technology Other Total Sales and other operating revenues: Customers $ 2,270 $ 4,015 $ 2,675 $ 3,044 $ 113 $ - - $ 12,117 Intersegment 1,192 54 31 206 31 (1,514) - - 3,462 4,069 2,706 3,250 144 (1,514) 12,117 EBITDA 978 319 430 137 71 6 1,941 Six Months Ended June 30, 2015 O&P – O&P – Millions of dollars Americas EAI I&D Refining Technology Other Total Sales and other operating revenues: Customers $ 3,830 $ 5,874 $ 3,992 $ 3,439 $ 195 $ - - $ 17,330 Intersegment 1,400 98 85 270 48 (1,901) - - 5,230 5,972 4,077 3,709 243 (1,901) 17,330 EBITDA 2,045 849 803 308 133 - - 4,138 Six Months Ended June 30, 2014 O&P – O&P – Millions of dollars Americas EAI I&D Refining Technology Other Total Sales and other operating revenues: Customers $ 4,648 $ 7,722 $ 5,080 $ 5,581 $ 221 $ - - $ 23,252 Intersegment 2,171 125 55 425 59 (2,835) - - 6,819 7,847 5,135 6,006 280 (2,835) 23,252 EBITDA 1,714 675 805 266 147 2 3,609 Operating results for our O&P–Americas segment include a non-cash benefit of $ 21 million in the second quarter of 2015, which is a partial reversal of the $ 43 million non-cash, lower of cost or market (“LCM”) inventory valuation adjustment recognized in the first quarter of 2015. This LCM reversal was predicated on price recoveries of certain products within the O&P–Americas segment’s inventory pools. Similarly, the recovery of prices within our Refining segment’s inventory pool in the second quarter of 2015 resulted in the reversal of the $ 5 million LCM adjustment recognized in the first quarter of 2015. Operating results for our I&D segment reflect non-cash charges of $ 17 million and $ 61 million in the second quarter and first six months of 2015, resp ectively, related to lower of cost or market inventory valuation adjustments driven by declines in the prices of various chemical products within its inventory pools. The O&P–EAI segment operating results for the first six months of 2014 include a $ 52 mill ion benefit from a settlement under a 2005 indemnification agreement for certain existing and future environmental liabilities. A reconciliation of EBITDA to Income from continuing operations before income taxes is shown in the following table for each of the periods presented: Three Months Ended June 30, Six Months Ended June 30, Millions of dollars 2015 2014 2015 2014 EBITDA: Total segment EBITDA $ 2,188 $ 1,935 $ 4,138 $ 3,607 Other EBITDA (2) 6 - - 2 Less: Depreciation and amortization expense (247) (254) (534) (510) Interest expense (79) (96) (148) (188) Add: Interest income 7 7 18 13 Income from continuing operations before income taxes $ 1,867 $ 1,598 $ 3,474 $ 2,924 The increase in depreciation and amortization expense for the six months ended June 30, 2015 reflected in the table above includes $ 35 million of a mo rtization expense related to expired emission allowance credits, $ 33 million of which was recognized by our Refining segment.

Financial Instruments (Policies

Financial Instruments (Policies)	6 Months Ended
	Jun. 30, 2015
Financial Instruments [Abstract]
Minimum required value of collateral held by third-party custodian [Policy Text Block]	These securities, which pursuant to our policy are held by a third-party custodian and must generally have a minimum collateral value of 102%, secure the counterparty’s obligation to repurchase the securities.

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2015
Discontinued Operations [Abstract]
Discontinued operations [Table Text Block]	The a mounts included in Income from discontinued operations of the Berre refinery are summarized as follows: Three Months Ended Six Months Ended June 30, June 30, Millions of dollars 2015 2014 2015 2014 Sales and other operating revenues $ - - $ - - $ 1 $ 1 Income (loss) from discontinued operations before income taxes $ 3 $ 7 $ (2) $ 7 Provision (benefit) for income taxes - - 4 (2) 3 Income from discontinued operations, net of tax $ 3 $ 3 $ - - $ 4 The following table summarizes the changes in the accrual for the social plan for employees affected by the closure of the Berre refinery: Six Months Ended June 30, Millions of dollars 2015 2014 Beginning balance $ 26 $ 42 Cash payments (5) (7) Effect of exchange rate changes (2) - - Ending balance $ 19 $ 35 There are no significant assets or liabilities related to the Berre refinery other than those discussed above.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2015
Inventories [Abstract]
Schedule of inventory, current [Table Text Block]	Inventories consisted of the following components: June 30, December 31, Millions of dollars 2015 2014 Finished goods $ 2,744 $ 2,919 Work-in-process 167 304 Raw materials and supplies 1,268 1,294 Total inventories $ 4,179 $ 4,517

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2015
Debt [Abstract]
Schedule of long-term debt [Table Text Block]	Long-term loans, notes and other long-term debt consisted of the following: June 30, December 31, Millions of dollars 2015 2014 Senior Notes due 2019, $2,000 million, 5.0% $ 1,980 $ 1,993 Senior Notes due 2021, $1,000 million, 6.0% 1,000 1,000 Senior Notes due 2024, $1,000 million, 5.75% 1,000 1,000 Senior Notes due 2055, $1,000 million, 4.625% ($16 million of discount) 984 - - Guaranteed Notes due 2044, $1,000 million, 4.875% ($11 million of discount) 989 988 Guaranteed Notes due 2023, $750 million, 4.0% ($8 million of discount) 742 741 Guaranteed Notes due 2043, $750 million, 5.25% ($22 million of discount) 728 728 Guaranteed Notes due 2027, $300 million, 8.1% 300 300 Other 8 11 Total 7,731 6,761 Less current maturities (3) (4) Long-term debt $ 7,728 $ 6,757
Schedule of short-term debt [Table Text Block]	Short-term loans, notes, and other short-term debt consisted of the following: June 30, December 31, Millions of dollars 2015 2014 $2,000 million Senior Revolving Credit Facility $ - - $ - - $1,000 million U.S. Receivables Securitization Facility - - - - €450 million European Receivables Securitization Facility - - - - Commercial paper 500 262 Financial payables to equity investees 4 6 Precious metal financings 77 77 Other 1 1 Total short-term debt $ 582 $ 346

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2015
Financial Instruments [Abstract]
Summary of cross-currency swaps [Table Text Block]	The following table summarizes our cross-currency swaps outstanding: June 30, 2015 December 31, 2014 Millions of dollars, except Expiration Average Notional Fair Notional Fair expiration date and rates Date Interest Rate Value Value Value Value Pay Euro 2021 4.55% $ 1,000 $ 117 $ 1,000 $ 19 Receive U.S. dollars 6.00% Pay Euro 2024 4.37% 1,000 115 1,000 16 Receive U.S. dollars 5.75% Pay Euro 2027 3.69% 300 3 - - - - Receive U.S. dollars 5.49%
Summary of available-for-sale securities [Table Text Block]	Available-for-Sale Securities ― The following table summarizes the amortized cost, gross unrealized gains and losses, and fair value of available-for-sale securities measured on a recurring basis that are outstanding as of June 30, 2015 and December 31, 2014 . Refer to Note 8 for additional information regarding the fair value of available-for-sale securities. June 30, 2015 Gross Gross Unrealized Unrealized Fair Millions of dollars Cost Gains Losses Value Commercial paper $ 1,541 $ 1 $ - - $ 1,542 Bonds 247 - - - - 247 Certificates of deposit 200 - - - - 200 Total available-for-sale securities $ 1,988 $ 1 $ - - $ 1,989 December 31, 2014 Gross Gross Unrealized Unrealized Fair Millions of dollars Cost Gains Losses Value Commercial paper $ 1,029 $ 1 $ - - $ 1,030 Bonds 414 - - (1) 413 Certificates of deposit 150 - - - - 150 Total available-for-sale securities $ 1,593 $ 1 $ (1) $ 1,593 The proceeds from maturities and sales of our available-for-sale securities during the three and six months ended June 30, 2015 and 2014 are summarized in the following table. Three Months Ended Six Months Ended June 30, June 30, Millions of dollars 2015 2014 2015 2014 Proceeds from maturities of securities $ 10 $ 272 $ 182 $ 272 Proceeds from sales of securities 550 - - 815 - - The following table summarizes the fair value and unrealized losses related to available-for-sale securities that were in a continuous unre alized loss position for less than and greater than twelve months as of June 30, 2015 and December 31, 2014 . June 30, 2015 Less than 12 months Greater than 12 months Fair Unrealized Fair Unrealized Millions of dollars Value Loss Value Loss Commercial paper $ 411 $ - - $ - - $ - - Bonds 144 - - 12 - - Certificates of deposit 150 - - - - - - Total $ 705 $ - - $ 12 $ - - December 31, 2014 Less than 12 months Greater than 12 months Fair Unrealized Fair Unrealized Millions of dollars Value Loss Value Loss Commercial paper $ 45 $ - - $ - - $ - - Bonds 294 (1) - - - - Certificates of deposit 150 - - - - - - Total $ 489 $ (1) $ - - $ - -
Summary of fair value of outstanding financial instruments [Table Text Block]	Financial Instruments ― The following table summarizes financial instruments outstanding as of June 30, 2015 and December 31, 2014 that are measured at fair value on a recurring basis. Refer to Note 8 for additional information regarding the fair value of financial instruments. June 30, 2015 December 31, 2014 Balance Sheet Notional Fair Notional Fair Millions of dollars Classification Amount Value Amount Value Assets– Derivatives designated as cash flow hedges: Cross-currency swaps Other assets $ 2,300 $ 227 $ 2,000 $ 30 Cross-currency swaps Prepaid expenses and other current assets - - 8 - - 5 Forward-starting Other assets 1,000 66 - - - - interest rate swaps Derivatives designated as fair value hedges: Fixed-for-floating Other assets interest rate swaps 2,000 20 2,000 10 Fixed-for-floating Prepaid expenses interest rate swaps and other current assets - - 6 - - 6 Derivatives not designated as hedges: Commodities Prepaid expenses and other current assets 70 21 - - 2 Embedded derivatives Prepaid expenses and other current assets 77 10 77 3 Foreign currency Prepaid expenses and other current assets 80 1 107 - - Non-derivatives: Available-for-sale Short-term securities investments 1,984 1,989 1,587 1,593 $ 7,511 $ 2,348 $ 5,771 $ 1,649 June 30, 2015 December 31, 2014 Balance Sheet Notional Fair Notional Fair Millions of dollars Classification Amount Value Amount Value Liabilities– Derivatives not designated as hedges: Commodities Accrued liabilities $ 2 $ 2 $ 28 $ 1 Foreign currency Accrued liabilities 363 4 680 13 Non-derivatives: Performance share Accrued liabilities awards 21 21 22 22 Performance share Other liabilities awards 13 13 14 14 $ 399 $ 40 $ 744 $ 50
Summary of the pretax effect of derivative instruments charged directly to income [Table Text Block]	The following table summarizes the pretax effect of derivative instruments char ged directly to income. Effect of Financial Instruments Three Months Ended June 30, 2015 Gain (Loss) Additional Gain (Loss) Reclassified Gain (Loss) Recognized from AOCI Recognized Income Statement Millions of dollars in AOCI to Income in Income Classification Derivatives designated as cash-flow hedges: Cross-currency swaps $ (70) $ 67 $ - - Other income, net Forward-starting interest rate swaps 95 - - 1 Interest expense Derivatives designated as fair value hedges: Fixed-for-floating interest rate swaps - - - - (3) Interest expense Derivatives not designated as hedges: Commodities - - - - 12 Sales and other operating revenues Commodities - - - - 8 Cost of sales Embedded derivatives - - - - 4 Cost of sales Foreign currency - - - - 19 Other income, net $ 25 $ 67 $ 41 Three Months Ended June 30, 2014 Gain (Loss) Additional Gain (Loss) Reclassified Gain (Loss) Recognized from AOCI Recognized Income Statement Millions of dollars in AOCI to Income in Income Classification Derivatives not designated as hedges: Commodities $ - - $ - - $ 7 Cost of sales Embedded derivatives - - - - (3) Cost of sales Foreign currency - - - - 3 Other income, net $ - - $ - - $ 7 Effect of Financial Instruments Six Months Ended June 30, 2015 Gain (Loss) Additional Gain (Loss) Reclassified Gain (Loss) Recognized from AOCI Recognized Income Statement Millions of dollars in AOCI to Income in Income Classification Derivatives designated as cash-flow hedges: Cross-currency swaps $ 197 $ (153) $ - - Other income, net Forward-starting interest rate swaps 80 - - 1 Interest expense Derivatives designated as fair value hedges: Fixed-for-floating interest rate swaps - - - - 25 Interest expense Derivatives not designated as hedges: Commodities - - - - 9 Sales and other operating revenues Commodities - - - - 9 Cost of sales Embedded derivatives - - - - 7 Cost of sales Foreign currency - - - - (59) Other income, net $ 277 $ (153) $ (8) Six Months Ended June 30, 2014 Gain (Loss) Additional Gain (Loss) Reclassified Gain (Loss) Recognized from AOCI Recognized Income Statement Millions of dollars in AOCI to Income in Income Classification Derivatives designated as cash-flow hedges: Forward-starting interest rate swaps $ (17) $ - - $ (1) Interest expense Derivatives not designated as hedges: Commodities - - - - 7 Cost of sales Embedded derivatives - - - - (5) Cost of sales Foreign currency - - - - 5 Other income, net $ (17) $ - - $ 6 For the three and six months ended June 30, 2015 , the pretax effect of additional gain recognized in income for the fixed-for-floating interest rate swaps includes the net value for accrued interest of $ 7 million and $ 15 million, respectively.

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Measurement [Abstract]
Schedule of financial instruments measured at fair value on a recurring basis [Table Text Block]	The following table presents the financial instruments outstanding as of June 30, 2015 and December 31, 2014 that are measured at fair value on a recurring basis. June 30, 2015 Fair Millions of dollars Value Level 1 Level 2 Level 3 Assets– Derivatives: Cross-currency swaps $ 235 $ - - $ 235 $ - - Forward-starting interest rate swaps 66 - - 66 - - Fixed-for-floating interest rate swaps 26 - - 26 - - Commodities 21 2 19 - - Embedded derivatives 10 - - 10 - - Foreign currency 1 - - 1 - - Non-derivatives: Available-for-sale securities 1,989 - - 1,989 - - $ 2,348 $ 2 $ 2,346 $ - - Liabilities– Derivatives: Commodities $ 2 $ 2 $ - - $ - - Foreign currency 4 - - 4 - - Non-derivatives: Performance share awards 34 34 - - - - $ 40 $ 36 $ 4 $ - - December 31, 2014 Fair Millions of dollars Value Level 1 Level 2 Level 3 Assets– Derivatives: Cross-currency swaps $ 35 $ - - $ 35 $ - - Fixed-for-floating interest rate swaps 16 - - 16 - - Commodities 2 2 - - - - Embedded derivatives 3 - - 3 - - Non-derivatives: Available-for-sale securities 1,593 - - 1,593 - - $ 1,649 $ 2 $ 1,647 $ - - Liabilities– Derivatives: Commodities $ 1 $ 1 $ - - $ - - Foreign currency 13 - - 13 - - Non-derivatives: Performance share awards 36 36 - - - - $ 50 $ 37 $ 13 $ - - There were no transfers between Level 1 and Level 2 during the six months ended June 30, 2015 and the year ended December 31, 2014 .
Schedule of the carrying value and estimated fair value of non-derivative financial instruments [Table Text Block]	The following table presents the carrying value and estimated fair value of our financial instruments that are not measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014 . Short-term and long-term loans receivable and short-term and long-term debt are recorded at amortized cost in the Consolidated Balance Sheets. The carrying and fair values of short-term and long-term debt exclude capital leases. June 30, 2015 Carrying Fair Millions of dollars Value Value Level 1 Level 2 Level 3 Non-derivatives: Assets: Short-term loans receivable $ 396 $ 396 $ - - $ 396 $ - - Long-term loans receivable 101 101 - - 101 - - Total $ 497 $ 497 $ - - $ 497 $ - - Liabilities: Short-term debt $ 77 $ 67 $ - - $ 67 $ - - Long-term debt 7,727 8,247 - - 8,243 4 Total $ 7,804 $ 8,314 $ - - $ 8,310 $ 4 December 31, 2014 Carrying Fair Millions of dollars Value Value Level 1 Level 2 Level 3 Non-derivatives: Assets: Short-term loans receivable $ 350 $ 350 $ - - $ 350 $ - - Liabilities: Short-term debt $ 77 $ 74 $ - - $ 74 $ - - Long-term debt 6,756 7,529 - - 7,523 6 Total $ 6,833 $ 7,603 $ - - $ 7,597 $ 6

Pension and Other Postretirem29

Pension and Other Postretirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2015
Pension and Other Postretirement Benefits [Abstract]
Schedule of the components of net periodic benefit costs (credits) [TableText Block]	Net periodic pension benefits included the following cost components for the periods presented : U.S. Plans Three Months Ended Six Months Ended June 30, June 30, Millions of dollars 2015 2014 2015 2014 Service cost $ 11 $ 11 $ 22 $ 22 Interest cost 22 22 43 44 Expected return on plan assets (37) (39) (73) (78) Actuarial and investment loss amortization 3 - - 6 - - Net periodic benefit credits $ (1) $ (6) $ (2) $ (12) Non-U.S. Plans Three Months Ended Six Months Ended June 30, June 30, Millions of dollars 2015 2014 2015 2014 Service cost $ 8 $ 7 $ 17 $ 15 Interest cost 11 12 20 23 Expected return on plan assets (7) (7) (13) (13) Settlements gain - - - - - - (1) Prior service cost amortization 1 1 1 2 Actuarial and investment loss amortization 2 1 4 2 Net periodic benefit costs $ 15 $ 14 $ 29 $ 28 Net periodic other postretirement benefits included the following cost components for the periods presented: U.S. Plans Three Months Ended Six Months Ended June 30, June 30, Millions of dollars 2015 2014 2015 2014 Service cost $ 1 $ 1 $ 2 $ 2 Interest cost 3 3 7 7 Actuarial loss amortization 1 - - 1 2 Net periodic benefit costs $ 5 $ 4 $ 10 $ 11 Non-U.S. Plans Three Months Ended Six Months Ended June 30, June 30, Millions of dollars 2015 2014 2015 2014 Interest cost $ - - $ - - $ 1 $ 1 Actuarial loss amortization 1 1 2 1 Net periodic benefit costs $ 1 $ 1 $ 3 $ 2

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies [Abstract]
Schedule of environmental loss contingencies [Table Text Block]	The following table summarizes the activity in our accrued environmental liability included in “Accrued liabilities” and “Other liabilities : ” Six Months Ended June 30, Millions of dollars 2015 2014 Beginning balance $ 106 $ 120 Changes in estimates 3 - - Amounts paid (3) (3) Foreign exchange effects (6) (1) Other - - (2) Ending balance $ 100 $ 114

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2015
Stockholders' Equity [Abstract]
Dividends declared [Table Text Block]	Dividend distributions ―The following table summarizes the dividends paid in the periods presented: Dividend Per Aggregate Ordinary Dividends Millions of dollars, except per share amounts Share Paid Date of Record March $ 0.70 $ 334 March 2, 2015 June 0.78 368 June 1, 2015 $ 1.48 $ 702
Schedule of share repurchase programs [Table Text Block]	The following table summarizes our share repurchase activity: Six Months Ended June 30, 2015 Average Total Purchase Shares Purchase Price, Including Millions of dollars, except shares and per share amounts Repurchased Price Commissions April 2014 Share Repurchase Program 19,892,101 $ 86.40 $ 1,719 May 2015 Share Repurchase Program 3,728,610 102.87 383 23,620,711 $ 89.00 $ 2,102 Six Months Ended June 30, 2014 Average Total Purchase Shares Purchase Price, Including Millions of dollars, except shares and per share amounts Repurchased Price Commissions May 2013 Share Repurchase Program 30,225,236 $ 90.31 $ 2,730 April 2014 Share Repurchase Program 4,003,964 99.25 397 34,229,200 $ 91.36 $ 3,127 Due to the timing of settlements, total cash paid for sh are repurchases for the six months ended June 30, 2015 and 2014 was $ 2,137 million and $ 3,067 million, respectively .
Schedule of changes in ordinary and treasury shares outstanding during the period [Table Text Block]	Ordinary Shares —The changes in the outstanding amounts of ordinary shares are as follows: Six Months Ended June 30, 2015 2014 Ordinary shares outstanding: Beginning balance 486,969,402 548,824,138 Share-based compensation 4,715,684 818,836 Warrants exercised 1,602 100 Employee stock purchase plan 15,741 12,673 Purchase of ordinary shares (23,620,711) (34,229,200) Ending balance 468,081,718 515,426,547 Treasury Shares— The changes in the amounts of treasury shares held by the Company are as follows: Six Months Ended June 30, 2015 2014 Ordinary shares held as treasury shares: Beginning balance 91,463,729 29,607,877 Share-based compensation (4,715,684) (818,836) Warrants exercised 150 - - Employee stock purchase plan (15,741) (12,673) Purchase of ordinary shares 23,620,711 34,229,200 Ending balance 110,353,165 63,005,568
Schedule of accumulated other comprehensive income (loss) [Table Text Block]	Accumulated O ther C omprehensive Income (Loss) — The components of, and after-tax changes in, Accumulated other comprehensive income (loss) as of and for the six months ended June 30, 2015 and 2014 are presented in the following table : Defined Net Unrealized Pension Foreign Holding Gains and Other Currency Financial on Investments Postretirement Translation Millions of dollars Derivatives Net of Tax Benefit Plans Adjustments Total Balance – January 1, 2015 $ (80) $ - - $ (449) $ (497) $ (1,026) Other comprehensive income (loss) before reclassifications 213 - - - - (351) (138) Amounts reclassified from accumulated other comprehensive loss (153) - - 10 - - (143) Net other comprehensive income (loss) 60 - - 10 (351) (281) Balance – June 30, 2015 $ (20) $ - - $ (439) $ (848) $ (1,307) Balance – January 1, 2014 $ - - $ - - $ (140) $ 236 $ 96 Other comprehensive income (loss) before reclassifications (13) 1 (7) (40) (59) Amounts reclassified from accumulated other comprehensive income - - - - 6 - - 6 Net other comprehensive income (loss) (13) 1 (1) (40) (53) Balance – June 30, 2014 $ (13) $ 1 $ (141) $ 196 $ 43
Reclassification out of accumulated other comprehensive income (loss) [Table Text Block]	The amounts reclassified out of each component of A ccumulated other comprehensive income (loss) are as follows: Three Months Ended Six Months Ended Affected line item on June 30, June 30, the Consolidated Millions of dollars 2015 2014 2015 2014 Statements of Income Reclassification adjustments for: Defined pension and other postretirement benefit plan items: Amortization of: Prior service cost $ 1 $ 1 $ 1 $ 2 Actuarial loss 7 2 13 5 Financial derivatives: Cross-currency swaps 67 - - (153) - - Other income, net Reclassifications, before tax 75 3 (139) 7 Income tax expense 2 - - 4 1 Provision for income taxes Amounts reclassified out of Accumulated other comprehensive income (loss) $ 73 $ 3 $ (143) $ 6 Amortization of p rior service cost and a ctuarial loss are included in the computation of net periodic pension and other postretirement benefit costs (see Note 9).

Per Share Data (Tables)

Per Share Data (Tables)	6 Months Ended
	Jun. 30, 2015
Per Share Data [Abstract]
Schedule of earnings per share, basic and diluted [Table Text Block]	Earnings per share data and dividends declared per share of common stock are as follows: Three Months Ended June 30, 2015 2014 Continuing Discontinued Continuing Discontinued Millions of dollars Operations Operations Operations Operations Net income $ 1,326 $ 3 $ 1,173 $ 3 Less: net loss attributable to non-controlling interests 1 - - 2 - - Net income attributable to the Company shareholders 1,327 3 1,175 3 Net income attributable to participating securities (2) - - (4) - - Net income attributable to ordinary shareholders – basic and diluted $ 1,325 $ 3 $ 1,171 $ 3 Millions of shares, except per share amounts Basic weighted average common stock outstanding 472 472 523 523 Effect of dilutive securities: Stock options - - - - 4 4 Potential dilutive shares 472 472 527 527 Earnings per share: Basic $ 2.81 $ 0.01 $ 2.24 $ 0.01 Diluted $ 2.81 $ 0.01 $ 2.22 $ 0.01 Participating securities 0.5 0.5 1.5 1.5 Dividends declared per share of common stock $ 0.78 $ - - $ 0.70 $ - - Six Months Ended June 30, 2015 2014 Continuing Discontinued Continuing Discontinued Millions of dollars Operations Operations Operations Operations Net income $ 2,493 $ - - $ 2,116 $ 4 Less: net loss attributable to non-controlling interests 3 - - 3 - - Net income attributable to the Company shareholders 2,496 - - 2,119 4 Net income attributable to participating securities (6) - - (6) - - Net income attributable to ordinary shareholders – basic and diluted $ 2,490 $ - - $ 2,113 $ 4 Millions of shares, except per share amounts Basic weighted average common stock outstanding 475 475 533 533 Effect of dilutive securities: Stock options 2 2 4 4 Potential dilutive shares 477 477 537 537 Earnings per share: Basic $ 5.24 $ - - $ 3.96 $ 0.01 Diluted $ 5.22 $ - - $ 3.93 $ 0.01 Participating securities 0.5 0.5 1.5 1.5 Dividends declared per share of common stock $ 1.48 $ - - $ 1.30 $ - -

Segment and Related Informati33

Segment and Related Information (Tables)	6 Months Ended
	Jun. 30, 2015
Segment and Related Information [Abstract]
Summary of financial information concerning reportable segments [Table Text Block]	Summarized financial information concerning reportable segments is shown in the following table for the periods presented : Three Months Ended June 30, 2015 O&P– O&P– Millions of dollars Americas EAI I&D Refining Technology Other Total Sales and other operating revenues: Customers $ 1,977 $ 3,011 $ 2,116 $ 1,955 $ 86 $ - - $ 9,145 Intersegment 702 50 43 147 21 (963) - - 2,679 3,061 2,159 2,102 107 (963) 9,145 EBITDA 1,014 492 466 159 57 (2) 2,186 Three Months Ended June 30, 2014 O&P– O&P– Millions of dollars Americas EAI I&D Refining Technology Other Total Sales and other operating revenues: Customers $ 2,270 $ 4,015 $ 2,675 $ 3,044 $ 113 $ - - $ 12,117 Intersegment 1,192 54 31 206 31 (1,514) - - 3,462 4,069 2,706 3,250 144 (1,514) 12,117 EBITDA 978 319 430 137 71 6 1,941 Six Months Ended June 30, 2015 O&P – O&P – Millions of dollars Americas EAI I&D Refining Technology Other Total Sales and other operating revenues: Customers $ 3,830 $ 5,874 $ 3,992 $ 3,439 $ 195 $ - - $ 17,330 Intersegment 1,400 98 85 270 48 (1,901) - - 5,230 5,972 4,077 3,709 243 (1,901) 17,330 EBITDA 2,045 849 803 308 133 - - 4,138 Six Months Ended June 30, 2014 O&P – O&P – Millions of dollars Americas EAI I&D Refining Technology Other Total Sales and other operating revenues: Customers $ 4,648 $ 7,722 $ 5,080 $ 5,581 $ 221 $ - - $ 23,252 Intersegment 2,171 125 55 425 59 (2,835) - - 6,819 7,847 5,135 6,006 280 (2,835) 23,252 EBITDA 1,714 675 805 266 147 2 3,609
Reconciliation of EBITDA to income (loss) from continuing operations before income taxes [Table Text Block]	A reconciliation of EBITDA to Income from continuing operations before income taxes is shown in the following table for each of the periods presented: Three Months Ended June 30, Six Months Ended June 30, Millions of dollars 2015 2014 2015 2014 EBITDA: Total segment EBITDA $ 2,188 $ 1,935 $ 4,138 $ 3,607 Other EBITDA (2) 6 - - 2 Less: Depreciation and amortization expense (247) (254) (534) (510) Interest expense (79) (96) (148) (188) Add: Interest income 7 7 18 13 Income from continuing operations before income taxes $ 1,867 $ 1,598 $ 3,474 $ 2,924

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income (loss) from discontinued operations, net of tax [Abstract]
Income from discontinued operations, net of tax	$ 3	$ 3	$ 0	$ 4
Berre refinery [Member]
Income (loss) from discontinued operations, net of tax [Abstract]
Sales and other operating revenues	0	0	1	1
Income (loss) from discontinued operations before income taxes	3	7	(2)	7
Provision (benefit) for income taxes	0	4	(2)	3
Income from discontinued operations, net of tax	3	3	$ 0	4
Discontinued operations, additional disclosures [Abstract]
Description of future cash outflows			Future cash outflows will occur for exit or disposal activities and for payments made to severed employees.
Timing of future cash outflows			Exit and disposal costs are expected to be incurred through the end of 2017. Payments to the affected employees are expected to be substantially complete by 2019. There is uncertainty in the manner, scope and timing of potential future asset disposal or dismantlement activities and their related cash flows. Although some dismantling and remediation activities may be considered or required at a future date, the amounts associated with such activities are not determinable at this time due to such uncertainties.
Social plan liability, Berre refinery [Roll Forward]
Beginning balance			$ 26	42
Cash payments			(5)	(7)
Effect of exchange rate changes			(2)	0
Ending balance	$ 19	$ 35	$ 19	$ 35

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Accounts Receivable [Abstract]
Allowance for doubtful accounts receivable	$ 24	$ 29

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Inventory, finished goods, work-in-process, and raw materials and supplies [Abstract]
Finished goods	$ 2,744	$ 2,919
Work-in-process	167	304
Raw materials and supplies	1,268	1,294
Total inventories	$ 4,179	$ 4,517

Debt, Long-term debt (Details)

Debt, Long-term debt (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Long-term debt [Line Items]
Long-term debt	$ 7,731	$ 6,761
Long-term debt, current portion	(3)	(4)
Long-term debt, noncurrent portion	$ 7,728	$ 6,757
Senior Notes due 2019, $2,000 million, 5.0% [Member]
Long-term debt [Line Items]
Maturity year	2,019	2,019
Face amount	$ 2,000	$ 2,000
Stated interest rate (in hundredths)	5.00%	5.00%
Long-term debt	$ 1,980	$ 1,993
Senior Notes due 2021, $1,000 million, 6.0% [Member]
Long-term debt [Line Items]
Maturity year	2,021	2,021
Face amount	$ 1,000	$ 1,000
Stated interest rate (in hundredths)	6.00%	6.00%
Long-term debt	$ 1,000	$ 1,000
Senior Notes due 2024, $1,000 million, 5.75% [Member]
Long-term debt [Line Items]
Maturity year	2,024	2,024
Face amount	$ 1,000	$ 1,000
Stated interest rate (in hundredths)	5.75%	5.75%
Long-term debt	$ 1,000	$ 1,000
Senior Notes due 2055, $1,000 million, 4.625% ($16 million of discount) [Member]
Long-term debt [Line Items]
Maturity year	2,055
Face amount	$ 1,000
Stated interest rate (in hundredths)	4.625%
Unamortized discount	$ 16
Long-term debt	$ 984
Guaranteed Notes due 2044, $1,000 million, 4.875% ($11 million of discount) [Member]
Long-term debt [Line Items]
Maturity year	2,044	2,044
Face amount	$ 1,000	$ 1,000
Stated interest rate (in hundredths)	4.875%	4.875%
Unamortized discount	$ 11
Long-term debt	$ 989	$ 988
Guaranteed Notes due 2023, $750 million, 4.0% ($8 million of discount) [Member]
Long-term debt [Line Items]
Maturity year	2,023	2,023
Face amount	$ 750	$ 750
Stated interest rate (in hundredths)	4.00%	4.00%
Unamortized discount	$ 8
Long-term debt	$ 742	$ 741
Guaranteed Notes due 2043, $750 million, 5.25% ($22 million of discount) [Member]
Long-term debt [Line Items]
Maturity year	2,043	2,043
Face amount	$ 750	$ 750
Stated interest rate (in hundredths)	5.25%	5.25%
Unamortized discount	$ 22
Long-term debt	$ 728	$ 728
Guaranteed Notes due 2027, $300 million, 8.1% [Member]
Long-term debt [Line Items]
Maturity year	2,027	2,027
Face amount	$ 300	$ 300
Stated interest rate (in hundredths)	8.10%	8.10%
Long-term debt	$ 300	$ 300
Other long-term debt [Member]
Long-term debt [Line Items]
Long-term debt	$ 8	$ 11

Debt, Description of 5% Senior

Debt, Description of 5% Senior Notes interest rate swap fair value adjustments (Details) - Senior Notes due 2019, $2,000 million, 5.0% [Member] - USD ($) $ in Millions	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Interest rate swap fair value adjustment related to long-term debt [Line Items]
Stated interest rate (in hundredths)	5.00%	5.00%	5.00%
Maturity year		2,019	2,019
Interest rate swap fair value adjustment related to long-term debt, recognized	$ 22	$ 13

Debt, Short-term debt (Details)

Debt, Short-term debt (Details) € in Millions, $ in Millions	Jun. 30, 2015EUR (€)	Jun. 30, 2015USD ($)	Dec. 31, 2014EUR (€)	Dec. 31, 2014USD ($)
Short-term debt [Line Items]
Short-term debt		$ 582		$ 346
$2,000 million Senior Revolving Credit Facility [Member]
Short-term debt [Line Items]
Maximum borrowing capacity on line of credit		2,000		2,000
Short-term debt		0		0
$1,000 million U.S. Receivables Securitization Facility [Member]
Short-term debt [Line Items]
Maximum borrowing capacity on line of credit		1,000		1,000
Short-term debt		0		0
Euro 450 million European Receivables Securitization Facility [Member]
Short-term debt [Line Items]
Maximum borrowing capacity on line of credit | €	€ 450		€ 450
Short-term debt		0		0
Commercial paper [Member]
Short-term debt [Line Items]
Maximum borrowing capacity on line of credit		2,000
Short-term debt		500		262
Financial payables to equity investees [Member]
Short-term debt [Line Items]
Short-term debt		4		6
Precious metal financings [Member]
Short-term debt [Line Items]
Short-term debt		77		77
Other short-term debt [Member]
Short-term debt [Line Items]
Short-term debt		$ 1		$ 1

Debt, Description of long-term

Debt, Description of long-term debt (Details) - Jun. 30, 2015 - Senior Notes due 2055, $1,000 million, 4.625% ($16 million of discount) [Member] - USD ($) $ in Millions	Total
Description of long-term debt changes [Line Items]
Issuance date	March 2,015
Face amount	$ 1,000
Interest rate (in hundredths)	4.625%
Maturity year	2,055
Discounted price at which long-term debt was issued (in hundredths)	98.353%
Description of debt redemption terms	The notes may be redeemed before the date that is six months prior to the scheduled maturity date at a redemption price equal to the greater of 100% of the principal amount of the notes redeemed and the sum of the present values of the remaining scheduled payments of principal and interest (discounted at the applicable Treasury Yield plus 35 basis points) on the notes to be redeemed. The notes may also be redeemed on or after the date that is six months prior to the final maturity date of the notes at a redemption price equal to 100% of the principal amount of the notes redeemed plus accrued and unpaid interest.

Debt, Description of short-term

Debt, Description of short-term debt (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Description of short-term debt [Line Items]
Weighted average interest rate, short-term debt (in hundredths)	0.40%	0.40%
$2,000 million Senior Revolving Credit Facility [Member]
Description of short-term debt [Line Items]
Expiration date	2020-06
Maximum allowed letters of credit	$ 700
Maximum borrowing capacity	2,000	$ 2,000
Current availability under facility	1,458
Outstanding borrowings	0
Outstanding letters of credit	$ 0
Terms of debt covenants	The facility contains customary covenants and warranties, including specified restrictions on indebtedness and liens. In addition, we are required to maintain a leverage ratio at the end of every quarter of 3.50 to 1.00 or less for the period covering the most recent four quarters.
Commercial paper [Member]
Description of short-term debt [Line Items]
Maximum borrowing capacity	$ 2,000
Outstanding borrowings	500
$1,000 million U.S. Receivables Securitization Facility [Member]
Description of short-term debt [Line Items]
Maximum allowed letters of credit	200
Maximum borrowing capacity	1,000	$ 1,000
Current availability under facility	938
Outstanding borrowings	0
Outstanding letters of credit	$ 0

Debt, Debt discount and issuanc

Debt, Debt discount and issuance costs (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Debt discount and issuance costs [Abstract]
Amortization of debt discounts and debt issuance costs	$ 8	$ 12

Financial Instruments, Marketab

Financial Instruments, Marketable securities, repurchase agreements, foreign currency rates and cross currency swaps (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Marketable securities [Abstract]
Amount of marketable securities classified as cash and cash equivalents	$ 815		$ 815		$ 431
Repurchase agreements [Abstract]
Amount of repurchase agreements	$ 497		$ 497		350
Derivative [Line Items]
Foreign currency gain (loss)	loss of $4 million	gain of $2 million	gain of $4 million	gain of less than $1 million
Foreign currency rates [Member]
Derivative [Line Items]
Notional amounts value	$ 443		$ 443
Derivative, maturity date			July 2015 through December 2015
Cross-currency swaps [Member] | Cash-flow hedge [Member]
Derivative [Line Items]
Gain (loss) recognized related to the ineffectiveness of hedging relationship	0		$ 0
Cross-currency swaps [Member] | Cash-flow hedge [Member] | Pay euro, expiration in 2021 [Member]
Derivative [Line Items]
Notional amounts value	$ 1,000		$ 1,000		$ 1,000
Expiration date			2,021		2,021
Average interest rate (in hundredths)	4.55%		4.55%		4.55%
Fair value	$ 117		$ 117		$ 19
Cross-currency swaps [Member] | Cash-flow hedge [Member] | Receive U.S. dollars, expiration in 2021 [Member]
Derivative [Line Items]
Expiration date			2,021		2,021
Average interest rate (in hundredths)	6.00%		6.00%		6.00%
Cross-currency swaps [Member] | Cash-flow hedge [Member] | Pay euro, expiration in 2024 [Member]
Derivative [Line Items]
Notional amounts value	$ 1,000		$ 1,000		$ 1,000
Expiration date			2,024		2,024
Average interest rate (in hundredths)	4.37%		4.37%		4.37%
Fair value	$ 115		$ 115		$ 16
Cross-currency swaps [Member] | Cash-flow hedge [Member] | Receive U.S. dollars, expiration in 2024 [Member]
Derivative [Line Items]
Expiration date			2,024		2,024
Average interest rate (in hundredths)	5.75%		5.75%		5.75%
Cross-currency swaps [Member] | Cash-flow hedge [Member] | Pay euro, expiration in 2027 [Member]
Derivative [Line Items]
Notional amounts value	$ 300		$ 300
Expiration date			2,027
Average interest rate (in hundredths)	3.69%		3.69%
Fair value	$ 3		$ 3
Cross-currency swaps [Member] | Cash-flow hedge [Member] | Receive U.S. dollars, expiration in 2027 [Member]
Derivative [Line Items]
Expiration date			2,027
Average interest rate (in hundredths)	5.49%		5.49%

Financial Instruments, Summary

Financial Instruments, Summary of forward-starting and fixed-for-floating interest rate swaps (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	6 Months Ended	12 Months Ended
	Mar. 31, 2015	Jun. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Feb. 28, 2015	Jan. 31, 2015
Senior Notes due 2019 [Member]
Derivative [Line Items]
Maturity year			2,019	2,019
Face amount		$ 2,000	$ 2,000	$ 2,000
Stated interest rate (in hundredths)		5.00%	5.00%	5.00%
Senior Notes due 2055 [Member]
Derivative [Line Items]
Maturity year			2,055
Face amount		$ 1,000	$ 1,000
Stated interest rate (in hundredths)		4.625%	4.625%
Guaranteed Notes due 2044 [Member]
Derivative [Line Items]
Maturity year			2,044	2,044
Face amount		$ 1,000	$ 1,000	$ 1,000
Stated interest rate (in hundredths)		4.875%	4.875%	4.875%
Interest rate swaps [Member] | Forward-starting interest rate swaps [Member]
Derivative [Line Items]
Gain (loss) recognized in AOCI related to settlement of swaps			$ 15	$ (17)
Pre-tax deferred gains (losses) scheduled to be reclassified from AOCI to interest expense over the next twelve months		$ 1	$ 1
Interest rate swaps [Member] | Forward-starting interest rate swaps [Member] | Senior Notes due 2019 [Member] | Forward-starting interest rate swaps entered into in March 2015 [Member]
Derivative [Line Items]
Maturity year			2,019
Notional amounts value		$ 1,000	$ 1,000
Gain (loss) recognized related to the ineffectiveness of cash flow hedging relationships		$1 million	$1 million
Interest rate swaps [Member] | Forward-starting interest rate swaps [Member] | Senior Notes due 2055 [Member] | Forward-starting interest rate swaps entered into in January 2015 [Member]
Derivative [Line Items]
Maturity year	2,055
Notional amounts value						$ 750
Gain (loss) recognized related to the ineffectiveness of cash flow hedging relationships			immaterial
Face amount	$ 1,000
Interest rate swaps [Member] | Forward-starting interest rate swaps [Member] | Guaranteed Notes due 2044 [Member] | Forward-starting interest rate swaps entered into in February 2014 [Member]
Derivative [Line Items]
Maturity year			2,044
Notional amounts value					$ 500
Face amount		$ 1,000	$ 1,000
Interest rate swaps [Member] | Fixed-for-floating interest rate swaps [Member]
Derivative [Line Items]
Notional amounts value		2,000	2,000
Gain (loss) recognized related to the ineffectiveness of fair value hedging relationships		$ 11	$ 22
Derivative, maturity date			Apr. 15, 2019
Interest rate swaps [Member] | Fixed-for-floating interest rate swaps [Member] | Senior Notes due 2019 [Member]
Derivative [Line Items]
Maturity year				2,019
Notional amounts value				$ 2,000
Stated interest rate (in hundredths)				5.00%

Financial Instruments, Summar45

Financial Instruments, Summary of available-for-sale securities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Schedule of available-for-sale securities [Line Items]
Cost	$ 1,988		$ 1,988		$ 1,593
Gross unrealized gains			1		1
Gross unrealized losses			0		(1)
Fair value	1,989		1,989		1,593
Available-for-sale securities, additional information [Abstract]
Amount of losses related to other-than-temporary impairments on available-for-sale securities			0		0
Proceeds from the sale and maturity of available-for-sale securities and the related gross realized gains and losses [Abstract]
Proceeds from maturities of securities	10	$ 272	182	$ 272
Proceeds from sales of securities	$ 550	$ 0	$ 815	$ 0
Gross realized gains	less than $1 million		less than $1 million
Available-for-sale securities in continuous unrealized loss position [Abstract]
Fair value of available-for-sale securities in continuous unrealized loss position for less than twelve months	$ 705		$ 705		489
Unrealized losses on available-for-sale securities in continuous unrealized loss position for less than twelve months			0		(1)
Fair value of available-for-sale securities in continuous unrealized loss position for greater than twelve months	12		12		0
Unrealized losses on available-for-sale securities in continuous unrealized loss position for greater than twelve months			0		0
Commercial paper [Member]
Schedule of available-for-sale securities [Line Items]
Cost	1,541		1,541		1,029
Gross unrealized gains			1		1
Gross unrealized losses			0		0
Fair value	1,542		1,542		1,030
Available-for-sale securities in continuous unrealized loss position [Abstract]
Fair value of available-for-sale securities in continuous unrealized loss position for less than twelve months	411		411		45
Unrealized losses on available-for-sale securities in continuous unrealized loss position for less than twelve months			0		0
Fair value of available-for-sale securities in continuous unrealized loss position for greater than twelve months	0		0		0
Unrealized losses on available-for-sale securities in continuous unrealized loss position for greater than twelve months			$ 0		0
Commercial paper [Member] | Minimum [Member]
Available-for-sale securities, additional information [Abstract]
Investment maturity period
Commercial paper [Member] | Maximum [Member]
Available-for-sale securities, additional information [Abstract]
Investment maturity period			12 months
Bonds [Member]
Schedule of available-for-sale securities [Line Items]
Cost	247		$ 247		414
Gross unrealized gains			0		0
Gross unrealized losses			0		(1)
Fair value	247		247		413
Available-for-sale securities in continuous unrealized loss position [Abstract]
Fair value of available-for-sale securities in continuous unrealized loss position for less than twelve months	144		144		294
Unrealized losses on available-for-sale securities in continuous unrealized loss position for less than twelve months			0		(1)
Fair value of available-for-sale securities in continuous unrealized loss position for greater than twelve months	12		12		0
Unrealized losses on available-for-sale securities in continuous unrealized loss position for greater than twelve months			$ 0		0
Bonds [Member] | Minimum [Member]
Available-for-sale securities, additional information [Abstract]
Investment maturity period			3 months
Bonds [Member] | Maximum [Member]
Available-for-sale securities, additional information [Abstract]
Investment maturity period			27 months
Certificates of deposit [Member]
Schedule of available-for-sale securities [Line Items]
Cost	200		$ 200		150
Gross unrealized gains			0		0
Gross unrealized losses			0		0
Fair value	200		200		150
Available-for-sale securities in continuous unrealized loss position [Abstract]
Fair value of available-for-sale securities in continuous unrealized loss position for less than twelve months	150		150		150
Unrealized losses on available-for-sale securities in continuous unrealized loss position for less than twelve months			0		0
Fair value of available-for-sale securities in continuous unrealized loss position for greater than twelve months	$ 0		0		0
Unrealized losses on available-for-sale securities in continuous unrealized loss position for greater than twelve months			$ 0		$ 0
Certificates of deposit [Member] | Minimum [Member]
Available-for-sale securities, additional information [Abstract]
Investment maturity period			11 months
Certificates of deposit [Member] | Maximum [Member]
Available-for-sale securities, additional information [Abstract]
Investment maturity period			20 months

Financial Instruments, Summar46

Financial Instruments, Summary of derivative and non-derivative financial instruments outstanding measured at fair value on a recurring basis (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Derivative and non-derivative assets and liabilities at fair value, net, by balance sheet classification [Abstract]
Notional amount, derivative and non-derivative financial instruments assets	$ 7,511	$ 5,771
Notional amount, derivative and non-derivative financial instruments liabilities	399	744
Fair value, derivative and non-derivative financial instruments assets	2,348	1,649
Fair value, derivative and non-derivative financial instruments liabilities	40	50
Derivatives: [Member] | Derivatives designated as hedges: [Member] | Derivatives designated as cash flow hedges [Member] | Cross-currency swaps [Member] | Other assets [Member]
Derivative and non-derivative assets and liabilities at fair value, net, by balance sheet classification [Abstract]
Notional amount, derivative and non-derivative financial instruments assets	2,300	2,000
Fair value, derivative and non-derivative financial instruments assets	227	30
Derivatives: [Member] | Derivatives designated as hedges: [Member] | Derivatives designated as cash flow hedges [Member] | Cross-currency swaps [Member] | Prepaid expenses and other current assets [Member]
Derivative and non-derivative assets and liabilities at fair value, net, by balance sheet classification [Abstract]
Notional amount, derivative and non-derivative financial instruments assets	0	0
Fair value, derivative and non-derivative financial instruments assets	8	5
Derivatives: [Member] | Derivatives designated as hedges: [Member] | Derivatives designated as cash flow hedges [Member] | Interest rate swaps [Member] | Other assets [Member]
Derivative and non-derivative assets and liabilities at fair value, net, by balance sheet classification [Abstract]
Notional amount, derivative and non-derivative financial instruments assets	1,000	0
Fair value, derivative and non-derivative financial instruments assets	66	0
Derivatives: [Member] | Derivatives designated as hedges: [Member] | Derivatives designated as fair value hedges: [Member] | Interest rate swaps [Member] | Other assets [Member]
Derivative and non-derivative assets and liabilities at fair value, net, by balance sheet classification [Abstract]
Notional amount, derivative and non-derivative financial instruments assets	2,000	2,000
Fair value, derivative and non-derivative financial instruments assets	20	10
Derivatives: [Member] | Derivatives designated as hedges: [Member] | Derivatives designated as fair value hedges: [Member] | Interest rate swaps [Member] | Prepaid expenses and other current assets [Member]
Derivative and non-derivative assets and liabilities at fair value, net, by balance sheet classification [Abstract]
Notional amount, derivative and non-derivative financial instruments assets	0	0
Fair value, derivative and non-derivative financial instruments assets	6	6
Derivatives: [Member] | Derivatives not designated as hedges: [Member] | Commodities [Member] | Prepaid expenses and other current assets [Member]
Derivative and non-derivative assets and liabilities at fair value, net, by balance sheet classification [Abstract]
Notional amount, derivative and non-derivative financial instruments assets	70	0
Fair value, derivative and non-derivative financial instruments assets	21	2
Derivatives: [Member] | Derivatives not designated as hedges: [Member] | Commodities [Member] | Accrued liabilities [Member]
Derivative and non-derivative assets and liabilities at fair value, net, by balance sheet classification [Abstract]
Notional amount, derivative and non-derivative financial instruments liabilities	2	28
Fair value, derivative and non-derivative financial instruments liabilities	2	1
Derivatives: [Member] | Derivatives not designated as hedges: [Member] | Embedded derivatives [Member] | Prepaid expenses and other current assets [Member]
Derivative and non-derivative assets and liabilities at fair value, net, by balance sheet classification [Abstract]
Notional amount, derivative and non-derivative financial instruments assets	77	77
Fair value, derivative and non-derivative financial instruments assets	10	3
Derivatives: [Member] | Derivatives not designated as hedges: [Member] | Foreign currency [Member] | Prepaid expenses and other current assets [Member]
Derivative and non-derivative assets and liabilities at fair value, net, by balance sheet classification [Abstract]
Notional amount, derivative and non-derivative financial instruments assets	80	107
Fair value, derivative and non-derivative financial instruments assets	1	0
Derivatives: [Member] | Derivatives not designated as hedges: [Member] | Foreign currency [Member] | Accrued liabilities [Member]
Derivative and non-derivative assets and liabilities at fair value, net, by balance sheet classification [Abstract]
Notional amount, derivative and non-derivative financial instruments liabilities	363	680
Fair value, derivative and non-derivative financial instruments liabilities	4	13
Non-derivatives: [Member] | Available-for-sale securities [Member] | Short-term investments [Member]
Derivative and non-derivative assets and liabilities at fair value, net, by balance sheet classification [Abstract]
Notional amount, derivative and non-derivative financial instruments assets	1,984	1,587
Fair value, derivative and non-derivative financial instruments assets	1,989	1,593
Non-derivatives: [Member] | Performance share awards [Member] | Accrued liabilities [Member]
Derivative and non-derivative assets and liabilities at fair value, net, by balance sheet classification [Abstract]
Notional amount, derivative and non-derivative financial instruments liabilities	21	22
Fair value, derivative and non-derivative financial instruments liabilities	21	22
Non-derivatives: [Member] | Performance share awards [Member] | Other liabilities [Member]
Derivative and non-derivative assets and liabilities at fair value, net, by balance sheet classification [Abstract]
Notional amount, derivative and non-derivative financial instruments liabilities	13	14
Fair value, derivative and non-derivative financial instruments liabilities	$ 13	$ 14

Financial Instruments, Pretax e

Financial Instruments, Pretax effect of derivative instruments charged directly to income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Derivative instruments gain (loss) [Line Items]
Gain (loss) recognized in AOCI	$ 25	$ 0	$ 277	$ (17)
Gain (loss) reclassified from AOCI to income	67	0	(153)	0
Additional gain (loss) recognized in income	41	7	(8)	6
Derivatives designated as hedges: [Member] | Derivatives designated as cash flow hedges [Member] | Cross-currency swaps [Member] | Other income (expense), net [Member]
Derivative instruments gain (loss) [Line Items]
Gain (loss) recognized in AOCI	(70)		197
Gain (loss) reclassified from AOCI to income	67		(153)
Additional gain (loss) recognized in income	0		0
Derivatives designated as hedges: [Member] | Derivatives designated as cash flow hedges [Member] | Interest rate swaps [Member] | Interest expense [Member]
Derivative instruments gain (loss) [Line Items]
Gain (loss) recognized in AOCI	95		80	(17)
Gain (loss) reclassified from AOCI to income	0		0	0
Additional gain (loss) recognized in income	1		1	(1)
Derivatives designated as hedges: [Member] | Derivatives designated as fair value hedges [Member] | Interest rate swaps [Member] | Interest expense [Member]
Derivative instruments gain (loss) [Line Items]
Gain (loss) recognized in AOCI	0		0
Gain (loss) reclassified from AOCI to income	0		0
Additional gain (loss) recognized in income	(3)		25
Net value for accrued interest	7		15
Derivatives not designated as hedges: [Member] | Commodities [Member] | Sales and other operating revenues [Member]
Derivative instruments gain (loss) [Line Items]
Gain (loss) recognized in AOCI	0		0
Gain (loss) reclassified from AOCI to income	0		0
Additional gain (loss) recognized in income	12		9
Derivatives not designated as hedges: [Member] | Commodities [Member] | Cost of sales [Member]
Derivative instruments gain (loss) [Line Items]
Gain (loss) recognized in AOCI	0	0	0	0
Gain (loss) reclassified from AOCI to income	0	0	0	0
Additional gain (loss) recognized in income	8	7	9	7
Derivatives not designated as hedges: [Member] | Embedded derivatives [Member] | Cost of sales [Member]
Derivative instruments gain (loss) [Line Items]
Gain (loss) recognized in AOCI	0	0	0	0
Gain (loss) reclassified from AOCI to income	0	0	0	0
Additional gain (loss) recognized in income	4	(3)	7	(5)
Derivatives not designated as hedges: [Member] | Foreign currency [Member] | Other income (expense), net [Member]
Derivative instruments gain (loss) [Line Items]
Gain (loss) recognized in AOCI	0	0	0	0
Gain (loss) reclassified from AOCI to income	0	0	0	0
Additional gain (loss) recognized in income	$ 19	$ 3	$ (59)	$ 5

Fair Value Measurement, Schedul

Fair Value Measurement, Schedule of financial instruments outstanding (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	$ 2,348	$ 1,649
Liabilities at fair value	40	50
Recurring [Member]
Fair value transfers [Abstract]
Amount of transfers between Level 1 and Level 2 of the fair value hierarchy	0	0
Recurring [Member] | Fair value [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	2,348	1,649
Liabilities at fair value	40	50
Recurring [Member] | Level 1 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	2	2
Liabilities at fair value	36	37
Recurring [Member] | Level 2 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	2,346	1,647
Liabilities at fair value	4	13
Recurring [Member] | Level 3 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	0	0
Liabilities at fair value	0	0
Recurring [Member] | Derivatives: [Member] | Cross-currency swaps [Member] | Fair value [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	235	35
Recurring [Member] | Derivatives: [Member] | Cross-currency swaps [Member] | Level 1 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	0	0
Recurring [Member] | Derivatives: [Member] | Cross-currency swaps [Member] | Level 2 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	235	35
Recurring [Member] | Derivatives: [Member] | Cross-currency swaps [Member] | Level 3 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	0	0
Recurring [Member] | Derivatives: [Member] | Interest rate swaps [Member] | Forward-starting interest rate swaps [Member] | Fair value [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	66
Recurring [Member] | Derivatives: [Member] | Interest rate swaps [Member] | Forward-starting interest rate swaps [Member] | Level 1 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	0
Recurring [Member] | Derivatives: [Member] | Interest rate swaps [Member] | Forward-starting interest rate swaps [Member] | Level 2 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	66
Recurring [Member] | Derivatives: [Member] | Interest rate swaps [Member] | Forward-starting interest rate swaps [Member] | Level 3 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	0
Recurring [Member] | Derivatives: [Member] | Interest rate swaps [Member] | Fixed-for-floating interest rate swaps [Member] | Fair value [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	26	16
Recurring [Member] | Derivatives: [Member] | Interest rate swaps [Member] | Fixed-for-floating interest rate swaps [Member] | Level 1 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	0	0
Recurring [Member] | Derivatives: [Member] | Interest rate swaps [Member] | Fixed-for-floating interest rate swaps [Member] | Level 2 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	26	16
Recurring [Member] | Derivatives: [Member] | Interest rate swaps [Member] | Fixed-for-floating interest rate swaps [Member] | Level 3 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	0	0
Recurring [Member] | Derivatives: [Member] | Commodities [Member] | Fair value [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	21	2
Liabilities at fair value	2	1
Recurring [Member] | Derivatives: [Member] | Commodities [Member] | Level 1 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	2	2
Liabilities at fair value	2	1
Recurring [Member] | Derivatives: [Member] | Commodities [Member] | Level 2 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	19	0
Liabilities at fair value	0	0
Recurring [Member] | Derivatives: [Member] | Commodities [Member] | Level 3 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	0	0
Liabilities at fair value	0	0
Recurring [Member] | Derivatives: [Member] | Embedded derivatives [Member] | Fair value [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	10	3
Recurring [Member] | Derivatives: [Member] | Embedded derivatives [Member] | Level 1 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	0	0
Recurring [Member] | Derivatives: [Member] | Embedded derivatives [Member] | Level 2 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	10	3
Recurring [Member] | Derivatives: [Member] | Embedded derivatives [Member] | Level 3 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	0	0
Recurring [Member] | Derivatives: [Member] | Foreign currency [Member] | Fair value [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	1
Liabilities at fair value	4	13
Recurring [Member] | Derivatives: [Member] | Foreign currency [Member] | Level 1 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	0
Liabilities at fair value	0	0
Recurring [Member] | Derivatives: [Member] | Foreign currency [Member] | Level 2 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	1
Liabilities at fair value	4	13
Recurring [Member] | Derivatives: [Member] | Foreign currency [Member] | Level 3 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	0
Liabilities at fair value	0	0
Recurring [Member] | Non-derivatives: [Member] | Available-for-sale securities [Member] | Fair value [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	1,989	1,593
Recurring [Member] | Non-derivatives: [Member] | Available-for-sale securities [Member] | Level 1 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	0	0
Recurring [Member] | Non-derivatives: [Member] | Available-for-sale securities [Member] | Level 2 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	1,989	1,593
Recurring [Member] | Non-derivatives: [Member] | Available-for-sale securities [Member] | Level 3 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Assets at fair value	0	0
Recurring [Member] | Non-derivatives: [Member] | Performance share awards [Member] | Fair value [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Liabilities at fair value	34	36
Recurring [Member] | Non-derivatives: [Member] | Performance share awards [Member] | Level 1 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Liabilities at fair value	34	36
Recurring [Member] | Non-derivatives: [Member] | Performance share awards [Member] | Level 2 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Liabilities at fair value	0	0
Recurring [Member] | Non-derivatives: [Member] | Performance share awards [Member] | Level 3 [Member]
Fair value assets and liabilities measured on a recurring basis [Line Items]
Liabilities at fair value	$ 0	$ 0

Fair Value Measurement, Carryin

Fair Value Measurement, Carrying value and estimated fair value of non-derivative financial instruments (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Assets: [Abstract]
Total assets, fair value	$ 2,348	$ 1,649
Liabilities: [Abstract]
Short-term debt, carrying value	582	346
Non-derivatives: [Member]
Assets: [Abstract]
Short-term loans receivable, carrying value	396	350
Long-term loans receivable, carrying value	101
Total assets, carrying value	497
Liabilities: [Abstract]
Short-term debt, carrying value	77	77
Long-term debt, carrying value	7,727	6,756
Total liabilities, carrying value	7,804	6,833
Non-derivatives: [Member] | Fair value [Member]
Assets: [Abstract]
Short-term loans receivable, fair value	396	350
Long-term loans receivable, fair value	101
Total assets, carrying value	497
Liabilities: [Abstract]
Short-term debt, fair value	67	74
Long-term debt, fair value	8,247	7,529
Total liabilities, fair value	8,314	7,603
Non-derivatives: [Member] | Level 1 [Member]
Assets: [Abstract]
Short-term loans receivable, fair value	0	0
Long-term loans receivable, fair value	0
Total assets, carrying value	0
Liabilities: [Abstract]
Short-term debt, fair value	0	0
Long-term debt, fair value	0	0
Total liabilities, fair value	0	0
Non-derivatives: [Member] | Level 2 [Member]
Assets: [Abstract]
Short-term loans receivable, fair value	396	350
Long-term loans receivable, fair value	101
Total assets, carrying value	497
Liabilities: [Abstract]
Short-term debt, fair value	67	74
Long-term debt, fair value	8,243	7,523
Total liabilities, fair value	8,310	7,597
Non-derivatives: [Member] | Level 3 [Member]
Assets: [Abstract]
Short-term loans receivable, fair value	0	0
Long-term loans receivable, fair value	0
Total assets, carrying value	0
Liabilities: [Abstract]
Short-term debt, fair value	0	0
Long-term debt, fair value	4	6
Total liabilities, fair value	$ 4	$ 6

Pension and Other Postretirem50

Pension and Other Postretirement Benefits (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
U.S. pension plans [Member]
Net periodic pension and other postretirement benefit costs: [Abstract]
Service cost	$ 11	$ 11	$ 22	$ 22
Interest cost	22	22	43	44
Expected return on plan assets	(37)	(39)	(73)	(78)
Actuarial and investment loss amortization	3	0	6	0
Net periodic benefit costs (credits)	(1)	(6)	(2)	(12)
Non-U.S. pension plans [Member]
Net periodic pension and other postretirement benefit costs: [Abstract]
Service cost	8	7	17	15
Interest cost	11	12	20	23
Expected return on plan assets	(7)	(7)	(13)	(13)
Settlements (gain) loss	0	0	0	(1)
Prior service cost amortization	1	1	1	2
Actuarial and investment loss amortization	2	1	4	2
Net periodic benefit costs (credits)	15	14	29	28
U.S. other postretirement benefit plans [Member]
Net periodic pension and other postretirement benefit costs: [Abstract]
Service cost	1	1	2	2
Interest cost	3	3	7	7
Actuarial and investment loss amortization	1	0	1	2
Net periodic benefit costs (credits)	5	4	10	11
Non-U.S. other postretirement benefit plans [Member]
Net periodic pension and other postretirement benefit costs: [Abstract]
Interest cost	0	0	1	1
Actuarial and investment loss amortization	1	1	2	1
Net periodic benefit costs (credits)	$ 1	$ 1	$ 3	$ 2

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Effective income tax rate [Abstract]
Effective income tax rate (in hundredths)	29.00%	26.60%	28.20%	27.60%

Commitments and Contingencies52

Commitments and Contingencies (Details) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended
	Jun. 30, 2009	Jun. 30, 2015	Jun. 30, 2014
Environmental remediation [Abstract]
Total accrued liability for future environmental remediation costs		$ 100,000	$ 120,000
Accrued liability for individual site range		less than $1 million to $19 million
Accrual for environmental loss contingencies [Roll Forward]
Beginning balance		$ 106,000	120,000
Changes in estimates		3,000	0
Amounts paid		(3,000)	(3,000)
Foreign exchange effects		(6,000)	(1,000)
Other		0	(2,000)
Ending balance		$ 100,000	$ 114,000
Pending or threatened litigation [Member] | Affiliates of Access Industries indemnity demand letter [Member]
Loss contingencies [Line Items]
Description of parties who issued the demand letters		affiliates of Access Industries (collectively, “Access Entities”), a more than five percent shareholder of the Company
Description of indemnity demanded		demanding indemnity for losses, including attorney’s fees and expenses, arising out of a pending lawsuit styled Edward S. Weisfelner, as Litigation Trustee of the LB Litigation Trust v. Leonard Blavatnik, et al., Adversary Proceeding No. 09-1375 (REG), in the United States Bankruptcy Court, Southern District of New York.
Pending or threatened litigation [Member] | Affiliates of Access Industries management agreement fee demand letters [Member]
Loss contingencies [Line Items]
Description of parties who issued the demand letters		affiliates of Access Industries (collectively, “Access Entities”), a more than five percent shareholder of the Company
Amount of management fees demanded		$ 100,000
Pending or threatened litigation [Member] | Affiliates of Access Industries management agreement fee demand letters [Member] | Predecessor [Member]
Loss contingencies [Line Items]
Description of parties who issued the demand letters	affiliates of Access Industries (collectively, “Access Entities”), a more than five percent shareholder of the Company
Proof of claim for management fees previously filed in Bankruptcy Court	$ 723

Stockholders' Equity, Dividend

Stockholders' Equity, Dividend distributions (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended		6 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2015
Summary of dividend payments [Abstract]
Dividend per ordinary share (per share)	$ 0.78	$ 0.7	$ 1.48
Aggregate dividends paid	$ 368	$ 334	$ 702
Date of record	Jun. 1, 2015	Mar. 2, 2015

Stockholders' Equity, Share rep

Stockholders' Equity, Share repurchase programs (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Share repurchase programs [Line Items]
Shares repurchased (in shares)	23,620,711	34,229,200
Average purchase price (in dollars per share)	$ 89	$ 91.36
Total purchase price, including commissions	$ 2,102	$ 3,127
Cash paid for shares repurchased	$ 2,137	$ 3,067
May 2013 share repurchase program [Member]
Share repurchase programs [Line Items]
Announcement date of share repurchase program		May 2,013
Percent of outstanding shares authorized to be repurchased under a share repurchase program (in hundredths)		10.00%
Shares repurchased (in shares)		30,225,236
Average purchase price (in dollars per share)		$ 90.31
Total purchase price, including commissions		$ 2,730
April 2014 share repurchase program [Member]
Share repurchase programs [Line Items]
Announcement date of share repurchase program	April 2,014	April 2,014
Percent of outstanding shares authorized to be repurchased under a share repurchase program (in hundredths)	10.00%	10.00%
Shares repurchased (in shares)	19,892,101	4,003,964
Average purchase price (in dollars per share)	$ 86.4	$ 99.25
Total purchase price, including commissions	$ 1,719	$ 397
May 2015 share repurchase program [Member]
Share repurchase programs [Line Items]
Announcement date of share repurchase program	May 2,015
Percent of outstanding shares authorized to be repurchased under a share repurchase program (in hundredths)	10.00%
The date through which shares are authorized for repurchase under a share repurchase program	2016-11
Shares repurchased (in shares)	3,728,610
Average purchase price (in dollars per share)	$ 102.87
Total purchase price, including commissions	$ 383

Stockholders' Equity, Ordinary

Stockholders' Equity, Ordinary shares (Details) - shares	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Ordinary shares outstanding: [Abstract]
Beginning balance (in shares)	486,969,402
Purchase of ordinary shares (in shares)	(23,620,711)	(34,229,200)
Ending balance (in shares)	468,081,718
Ordinary shares [Member]
Ordinary shares outstanding: [Abstract]
Beginning balance (in shares)	486,969,402	548,824,138
Share-based compensation (in shares)	4,715,684	818,836
Warrants exercised (in shares)	1,602	100
Employee stock purchase plan (in shares)	15,741	12,673
Purchase of ordinary shares (in shares)	(23,620,711)	(34,229,200)
Ending balance (in shares)	468,081,718	515,426,547

Stockholders' Equity, Treasury

Stockholders' Equity, Treasury shares (Details) - shares	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Ordinary shares held as treasury shares: [Abstract]
Beginning balance (in shares)	91,463,729
Purchase of ordinary shares (in shares)	23,620,711	34,229,200
Ending balance (in shares)	110,353,165
Treasury shares [Member]
Ordinary shares held as treasury shares: [Abstract]
Beginning balance (in shares)	91,463,729	29,607,877
Share-based compensation (in shares)	(4,715,684)	(818,836)
Warrants exercised (in shares)	150	0
Employee stock purchase plan (in shares)	(15,741)	(12,673)
Purchase of ordinary shares (in shares)	23,620,711	34,229,200
Ending balance (in shares)	110,353,165	63,005,568

Stockholders' Equity, Component

Stockholders' Equity, Components of accumulated other comprehensive income (loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accumulated other comprehensive income (loss) [Line Items]
Accumulated other comprehensive income (loss), beginning of period			$ (1,026)	$ 96
Other comprehensive income (loss) before reclassifications			(138)	(59)
Amounts reclassified from accumulated other comprehensive income (loss)			(143)	6
Total other comprehensive income (loss)	$ 259	$ (55)	(281)	(53)
Accumulated other comprehensive income (loss), end of period	(1,307)	43	(1,307)	43
Financial derivatives [Member]
Accumulated other comprehensive income (loss) [Line Items]
Accumulated other comprehensive income (loss), beginning of period			(80)	0
Other comprehensive income (loss) before reclassifications			213	(13)
Amounts reclassified from accumulated other comprehensive income (loss)			(153)	0
Total other comprehensive income (loss)			60	(13)
Accumulated other comprehensive income (loss), end of period	(20)	(13)	(20)	(13)
Net unrealized holding gains on investments net of tax [Member]
Accumulated other comprehensive income (loss) [Line Items]
Accumulated other comprehensive income (loss), beginning of period			0	0
Other comprehensive income (loss) before reclassifications			0	1
Amounts reclassified from accumulated other comprehensive income (loss)			0	0
Total other comprehensive income (loss)			0	1
Accumulated other comprehensive income (loss), end of period	0	1	0	1
Defined pension and other postretirement benefit plans [Member]
Accumulated other comprehensive income (loss) [Line Items]
Accumulated other comprehensive income (loss), beginning of period			(449)	(140)
Other comprehensive income (loss) before reclassifications			0	(7)
Amounts reclassified from accumulated other comprehensive income (loss)			10	6
Total other comprehensive income (loss)			10	(1)
Accumulated other comprehensive income (loss), end of period	(439)	(141)	(439)	(141)
Foreign currency translation adjustments [Member]
Accumulated other comprehensive income (loss) [Line Items]
Accumulated other comprehensive income (loss), beginning of period			(497)	236
Other comprehensive income (loss) before reclassifications			(351)	(40)
Amounts reclassified from accumulated other comprehensive income (loss)			0	0
Total other comprehensive income (loss)			(351)	(40)
Accumulated other comprehensive income (loss), end of period	$ (848)	$ 196	$ (848)	$ 196

Stockholders' Equity, Reclassif

Stockholders' Equity, Reclassification out of accumulated other comprehensive income (loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Reclassification adjustments out of accumulated other comprehensive income (loss) [Line Items]
Amortization of prior service cost (benefit)	$ 1	$ 1	$ 1	$ 2
Amortization of actuarial (gain) loss	7	2	13	5
Other income (expense), net	4	6	25	17
Income (loss) from continuing operations before income taxes	1,867	1,598	3,474	2,924
Provision for (benefit from) income taxes	541	425	981	808
Net income attributable to the Company shareholders	1,330	1,178	2,496	2,123
Amounts reclassified out of accumulated other comprehensive income (loss) [Member]
Reclassification adjustments out of accumulated other comprehensive income (loss) [Line Items]
Income (loss) from continuing operations before income taxes	75	3	(139)	7
Provision for (benefit from) income taxes	2	0	4	1
Net income attributable to the Company shareholders	73	3	(143)	6
Defined pension and other postretirement benefit plans [Member] | Amounts reclassified out of accumulated other comprehensive income (loss) [Member]
Reclassification adjustments out of accumulated other comprehensive income (loss) [Line Items]
Amortization of prior service cost (benefit)	1	1	1	2
Amortization of actuarial (gain) loss	7	2	13	5
Financial derivatives [Member] | Cross-currency swaps [Member] | Amounts reclassified out of accumulated other comprehensive income (loss) [Member]
Reclassification adjustments out of accumulated other comprehensive income (loss) [Line Items]
Other income (expense), net	$ 67	$ 0	$ (153)	$ 0

Stockholders' Equity, Stockhold

Stockholders' Equity, Stockholders' Equity, Non-controlling interests settlement (Details) - Jun. 30, 2015 - USD ($) $ in Millions	Total	Total
Proceeds received from partner with non-controlling interest in partnership on exit from partnership	$ 24
Additional paid-in capital [Member]
Settlement from partner on exit from partnership		$ 32
Non-controlling interests [Member]
Settlement from partner on exit from partnership		$ (4)

Per Share Data (Details)

Per Share Data (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings per share reconciliation [Abstract]
Net income (loss)	$ 1,329	$ 1,176	$ 2,493	$ 2,120
Less: net (income) loss attributable to non-controlling interests	1	2	3	3
Net income attributable to the Company shareholders	$ 1,330	$ 1,178	$ 2,496	$ 2,123
Earnings (loss) per share: [Abstract]
Basic (in dollars per share)	$ 2.82	$ 2.25	$ 5.24	$ 3.97
Diluted (in dollars per share)	$ 2.82	$ 2.23	5.22	$ 3.94
Earnings per share, basic and diluted, other disclosures [Abstract]
Dividends declared per share of common stock (in dollars per share)			$ 1.48
Continuing operations [Member]
Earnings per share reconciliation [Abstract]
Net income (loss)	$ 1,326	$ 1,173	$ 2,493	$ 2,116
Less: net (income) loss attributable to non-controlling interests	1	2	3	3
Net income attributable to the Company shareholders	1,327	1,175	2,496	2,119
Net (income) loss attributable to participating securities	(2)	(4)	(6)	(6)
Net income (loss) attributable to ordinary shareholders - Basic	1,325	1,171	2,490	2,113
Net income (loss) attributable to ordinary shareholders - Diluted	$ 1,325	$ 1,171	$ 2,490	$ 2,113
Weighted average number of shares outstanding reconciliation [Abstract]
Basic weighted average common stock outstanding (in shares)	472	523	475	533
Effect of dilutive securities: [Abstract]
Stock options (in shares)	0	4	2	4
Potential dilutive shares (in shares)	472	527	477	537
Earnings (loss) per share: [Abstract]
Basic (in dollars per share)	$ 2.81	$ 2.24	$ 5.24	$ 3.96
Diluted (in dollars per share)	$ 2.81	$ 2.22	$ 5.22	$ 3.93
Earnings per share, basic and diluted, other disclosures [Abstract]
Participating securities (in shares)	0.5	1.5	0.5	1.5
Dividends declared per share of common stock (in dollars per share)	$ 0.78	$ 0.7	$ 1.48	$ 1.3
Discontinued operations [Member]
Earnings per share reconciliation [Abstract]
Net income (loss)	$ 3	$ 3	$ 0	$ 4
Less: net (income) loss attributable to non-controlling interests	0	0	0	0
Net income attributable to the Company shareholders	3	3	0	4
Net (income) loss attributable to participating securities	0	0	0	0
Net income (loss) attributable to ordinary shareholders - Basic	3	3	0	4
Net income (loss) attributable to ordinary shareholders - Diluted	$ 3	$ 3	$ 0	$ 4
Weighted average number of shares outstanding reconciliation [Abstract]
Basic weighted average common stock outstanding (in shares)	472	523	475	533
Effect of dilutive securities: [Abstract]
Stock options (in shares)	0	4	2	4
Potential dilutive shares (in shares)	472	527	477	537
Earnings (loss) per share: [Abstract]
Basic (in dollars per share)	$ 0.01	$ 0.01	$ 0	$ 0.01
Diluted (in dollars per share)	$ 0.01	$ 0.01	$ 0	$ 0.01
Earnings per share, basic and diluted, other disclosures [Abstract]
Participating securities (in shares)	0.5	1.5	0.5	1.5
Dividends declared per share of common stock (in dollars per share)	$ 0	$ 0	$ 0	$ 0

Segment and Related Informati61

Segment and Related Information (Details) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)OperatingSegments	Jun. 30, 2014USD ($)
Segment and Related Information [Abstract]
Number of operating segments | OperatingSegments				5
Summarized financial information concerning reportable segments: [Abstract]
Sales and other operating revenues	$ 9,145		$ 12,117	$ 17,330	$ 23,252
EBITDA	2,186		1,941	4,138	3,609
Additional benefits (charges) recognized in various segments [Abstract]
Lower of cost or market inventory valuation (charge) benefit				(83)	0
O&P - Americas [Member]
Summarized financial information concerning reportable segments: [Abstract]
Sales and other operating revenues	1,977		2,270	3,830	4,648
EBITDA	1,014		978	2,045	1,714
Additional benefits (charges) recognized in various segments [Abstract]
Lower of cost or market inventory valuation (charge) benefit	21	$ (43)
O&P - EAI [Member]
Summarized financial information concerning reportable segments: [Abstract]
Sales and other operating revenues	3,011		4,015	5,874	7,722
EBITDA	492		319	849	675
Additional benefits (charges) recognized in various segments [Abstract]
Settlement of certain existing and future environmental liabilities under a 2005 indemnification agreement					52
I&D [Member]
Summarized financial information concerning reportable segments: [Abstract]
Sales and other operating revenues	2,116		2,675	3,992	5,080
EBITDA	466		430	803	805
Additional benefits (charges) recognized in various segments [Abstract]
Lower of cost or market inventory valuation (charge) benefit	(17)			(61)
Refining [Member]
Summarized financial information concerning reportable segments: [Abstract]
Sales and other operating revenues	1,955		3,044	3,439	5,581
EBITDA	159		137	308	266
Additional benefits (charges) recognized in various segments [Abstract]
Lower of cost or market inventory valuation (charge) benefit		$ (5)
Technology [Member]
Summarized financial information concerning reportable segments: [Abstract]
Sales and other operating revenues	86		113	195	221
EBITDA	57		71	133	147
Operating segments [Member] | O&P - Americas [Member]
Summarized financial information concerning reportable segments: [Abstract]
Sales and other operating revenues	2,679		3,462	5,230	6,819
Operating segments [Member] | O&P - EAI [Member]
Summarized financial information concerning reportable segments: [Abstract]
Sales and other operating revenues	3,061		4,069	5,972	7,847
Operating segments [Member] | I&D [Member]
Summarized financial information concerning reportable segments: [Abstract]
Sales and other operating revenues	2,159		2,706	4,077	5,135
Operating segments [Member] | Refining [Member]
Summarized financial information concerning reportable segments: [Abstract]
Sales and other operating revenues	2,102		3,250	3,709	6,006
Operating segments [Member] | Technology [Member]
Summarized financial information concerning reportable segments: [Abstract]
Sales and other operating revenues	107		144	243	280
Intersegment eliminations [Member]
Summarized financial information concerning reportable segments: [Abstract]
Sales and other operating revenues	(963)		(1,514)	(1,901)	(2,835)
Intersegment eliminations [Member] | O&P - Americas [Member]
Summarized financial information concerning reportable segments: [Abstract]
Sales and other operating revenues	(702)		(1,192)	(1,400)	(2,171)
Intersegment eliminations [Member] | O&P - EAI [Member]
Summarized financial information concerning reportable segments: [Abstract]
Sales and other operating revenues	(50)		(54)	(98)	(125)
Intersegment eliminations [Member] | I&D [Member]
Summarized financial information concerning reportable segments: [Abstract]
Sales and other operating revenues	(43)		(31)	(85)	(55)
Intersegment eliminations [Member] | Refining [Member]
Summarized financial information concerning reportable segments: [Abstract]
Sales and other operating revenues	(147)		(206)	(270)	(425)
Intersegment eliminations [Member] | Technology [Member]
Summarized financial information concerning reportable segments: [Abstract]
Sales and other operating revenues	(21)		(31)	(48)	(59)
Other [Member]
Summarized financial information concerning reportable segments: [Abstract]
Sales and other operating revenues	0		0	0	0
EBITDA	$ (2)		$ 6	$ 0	$ 2

Segment and Related Informati62

Segment and Related Information, Reconciliation of EBITDA to income (loss) from continuing operations before income taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
EBITDA: [Abstract]
Total segment EBITDA	$ 2,188	$ 1,935	$ 4,138	$ 3,607
Other EBITDA	(2)	6	0	2
Less: [Abstract]
Depreciation and amortization expense	(247)	(254)	(534)	(510)
Interest expense	(79)	(96)	(148)	(188)
Add: [Abstract]
Interest income	7	7	18	13
Income from continuing operations before income taxes	$ 1,867	$ 1,598	$ 3,474	$ 2,924

Segment and Related Informati63

Segment and Related Information, Additional information (Details) $ in Millions	6 Months Ended
	Jun. 30, 2015USD ($)
Additional information [Abstract]
Expired emission allowance credits	$ 35
Refining [Member]
Additional information [Abstract]
Expired emission allowance credits	$ 33