Occidental Petroleum 2014 Annual Report Download - page 52
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ASSET RETIREMENT OBLIGATIONS
For the years ended December 31, (in millions)
2013
Beginning balance
$ 1,266
Liabilities incurred – capitalized to PP&E
101
Liabilities settled and paid
(72)
Accretion expense
68
Acquisitions, dispositions and other – changes in PP&E
(10)
Spin-off of California Resources
—
Revisions to estimated cash flows – changes in PP&E
(21)
Ending balance
$ 1,332
DERIVATIVE INSTRUMENTS
50