Occidental Petroleum 2015 Annual Report Download - page 54
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ASSET RETIREMENT OBLIGATIONS
For the years ended December 31, (in millions)
2014
Beginning balance
$ 1,332
Liabilities incurred – capitalized to PP&E
57
Liabilities settled and paid
(78)
Accretion expense
69
Acquisitions, dispositions and other – changes in PP&E
(11)
Spin-off of California Resources
(399)
Revisions to estimated cash flows – changes in PP&E
121
Ending balance
$ 1,091
DERIVATIVE INSTRUMENTS
51