Occidental Petroleum 2002 Annual Report Download - page 89

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(c) Research and development costs were $7 million in 2002, $8 million in 2001
and $16 million in 2000.
67
Footnotes continued:
--------------------
(d) Segment earnings include charges and credits in lieu of U.S. federal income
taxes. In 2002, the amounts allocated to the segments were charges of $1
million and a credit of $403 million in oil and gas and chemical,
respectively. In 2001, the amounts allocated to the segments were charges
of $56 million and a credit of $42 million in oil and gas and chemical,
respectively. In 2000, the amounts allocated to the segments were charges
of $32 million and a credit of $7 million in oil and gas and chemical,
respectively. 2002, 2001 and 2000 reflect allocation of taxes to segments
for major, infrequently occurring transactions.
(e) Includes unallocated net interest expense, administration expense,
environmental remediation and other items. 2000 and 2001 also include
pipeline lease income and pipeline depreciation expense. 2002 includes the
equity results from the Lyondell investment from the date of the
acquisition.
(f) Includes unallocated income taxes.
(g) Includes the following significant items affecting earnings for the years
ended December 31:
Benefit (Charge) In millions 2002 2001 2000
============================================================================ ======== ======== ========
OIL AND GAS
Gain on sale of interest in the Indonesian Tangguh LNG project, net of tax $ -- $ 399 $ --
---------------------------------------------------------------------------- -------- -------- --------
(h) Includes the following significant items affecting earnings for the years
ended December 31:
Benefit (Charge) In millions 2002 2001 2000
=================================================================== ======== ======== ========
CHEMICAL
Gain on sale of Equistar investment, net of tax $ 164 $ -- $ --
Write-down of Equistar investment -- (412) --
Write-down of chemical intermediate businesses and various assets -- -- (140)
------------------------------------------------------------------- -------- -------- --------
(i) Includes the following significant items affecting earnings for the years
ended December 31:
Benefit (Charge) In millions 2002 2001 2000
================================================== ======== ======== ========
CORPORATE
Gain on sale of CanadianOxy investment $ -- $ -- $ 493
Loss on sale of pipeline-owning entity (a) -- (272) --
Discontinued operations, net (a) (79) (1) 13
Settlement of state tax issue -- 70 --
Tax effect of pre-tax items -- 148 (145)
Changes in accounting principles, net (a) (95) (24) --
-------------------------------------------------- -------- -------- --------
(a) Amounts shown after-tax.