Occidental Petroleum 2015 Annual Report Download - page 76
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(in millions)
Impaired proved oil and gas assets -
international
Impaired proved oil and gas assets - domestic
Impaired Midstream assets
Impaired Chemical property, plant, and
equipment
(in millions)
Williston proved oil and gas assets (b)
(in millions)
Fair Value Measurements at December 31, 2014 Using
Net
Book Value (a)
Total Pre-tax
(Non-cash)
Impairment Loss
Description
Level 1
Level 2
Level 3
Assets:
Impaired proved oil and gas assets - domestic
$ —
$ —
$ 2,249
$ 5,008
$ 2,759
Impaired proved oil and gas assets - international
$ —
$ —
$ 45
$ 1,084
$ 1,039
Impaired Chemical property, plant, and
equipment
$ —
$ —
$ 18
$ 129
$ 111
(a) Amount represents net book value at date of assessment.
(b) Williston assets sold in November 2015, classified as held for sale and written down to the sales price at September 30, 2015.
FINANCIAL INSTRUMENTS FAIR VALUE
73