Occidental Petroleum 2001 Annual Report Download - page 86

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Allowance for doubtful accounts $ 25 $ 12 $ -- $ (2) $ 35
========== ========== ========== ========== ==========
Environmental $ 402 $ 109 $ 18 $ (75)(a) $ 454
Foreign and other taxes, litigation and other
reserves 1,001 10 27 (108) 930
---------- ---------- ---------- ---------- ----------
$ 1,403 $ 119 $ 45 $ (183) $ 1,384 (b)
================================================ ========== ========== ========== ========== ==========
2000
Allowance for doubtful accounts $ 24 $ 2 $ -- $ (1) $ 25
========== ========== ========== ========== ==========
Environmental $ 454 $ -- $ 23 $ (75)(a) $ 402
Foreign and other taxes, litigation and other
reserves 857 42 231 (129) 1,001
---------- ---------- ---------- ---------- ----------
$ 1,311 $ 42 $ 254 $ (204) $ 1,403 (b)
================================================ ========== ========== ========== ========== ==========
1999
Allowance for doubtful accounts $ 23 $ 2 $ -- $ (1) $ 24
========== ========== ========== ========== ==========
Environmental $ 578 $ -- $ 11 $ (135)(a) $ 454
Foreign and other taxes, litigation and other
reserves 801 164 1 (109) 857
---------- ---------- ---------- ---------- ----------
$ 1,379 $ 164 $ 12 $ (244) $ 1,311 (b)
================================================ ========== ========== ========== ========== ==========
(a) Primarily represents payments.
(b) Of these amounts, $165 million, $143 million and $155 million in 2001, 2000
and 1999, respectively, is classified as current.
76
ITEM 9 CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
Not applicable.
PART III
ITEM 10 DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
There is hereby incorporated by reference the information regarding
Occidental's directors appearing under the caption "Election of Directors" in
Occidental's definitive proxy statement filed in connection with its May 3,
2002, Annual Meeting of Stockholders (the "2002 Proxy Statement"). See also the
list of Occidental's executive officers and related information under "Executive
Officers of the Registrant" in Part I hereof.
ITEM 11 EXECUTIVE COMPENSATION
There is hereby incorporated by reference the information appearing under
the captions "Executive Compensation" (excluding, however, the information
appearing under the subcaptions "Report of the Compensation Committee" and
"Performance Graph") and "Election of Directors -- Information Regarding the
Board of Directors and Its Committees" in the 2002 Proxy Statement.
ITEM 12 SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
There is hereby incorporated by reference the information with respect to
security ownership appearing under the caption "Security Ownership of Certain
Beneficial Owners and Management" in the 2002 Proxy Statement.
ITEM 13 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
Not applicable.
PART IV
ITEM 14 EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K
(a)(1) AND (2). FINANCIAL STATEMENTS AND FINANCIAL STATEMENT SCHEDULE
Reference is made to the Index to Financial Statements and Related Information
under Item 8 in Part II hereof, where these documents are listed.
(a)(3). EXHIBITS
3.(i)* Restated Certificate of Incorporation of Occidental, dated
November 12, 1999 (filed as Exhibit 3.(i) to the Annual Report on
Form 10-K of Occidental for the fiscal year ended December 31,
1999, File No. 1-9210).
3.(i)(a)* Certificate of Change of Location of Registered Office and of