Occidental Petroleum 2014 Annual Report Download - page 76

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Footnotes:
(a) Oil sales represented approximately 90 percent, 91 percent and 91 percent of the oil and gas segment net sales for the years ended December 31, 2014, 2013 and 2012, respectively.
(b) Net sales for the chemical segment comprised the following products:
Basic Chemicals
Vinyls
Other Chemicals




Year ended December 31, 2013
55%
42%
3%
Year ended December 31, 2012
57%
40%
3%
(c) Net sales for the midstream and marketing segment comprised the following:
Gas Processing
Power
Marketing, Trading,
Transportation and other




Year ended December 31, 2013
54%
30%
16%
Year ended December 31, 2012
60%
24%
16%
(d) The 2014 amount includes pre-tax charges of $4.7 billion for the impairment of domestic oil and gas assets, pre-tax charges of $1.1 billion for the impairment of foreign oil and gas assets, and pre-
tax gain of $531 million for the sale of the Hugoton field. The 2013 amount includes pre-tax charges of $607 million for the impairment of domestic non-producing acreage. The 2012 amount includes
pre-tax charges of $1.7 billion for the impairment of domestic gas assets and related items.
(e) The 2014 amount includes the pre-tax charge of $149 million. The 2013 amount includes a pre-tax gain of $131 million for the sale of an investment in Carbocloro.
(f) The 2014 amount includes pre-tax gains of $633 million and $1,351 million for the sales of BridgeTex Pipeline and a portion of an investment in Plains Pipeline, respectively, and other charges of $31
million. The 2013 amount includes a pre-tax gain of $1,044 million for the sale of a portion of an investment in Plains Pipeline and other items of $58 million.
(g) Includes unallocated net interest expense, administration expense, environmental remediation and other pre-tax items noted in footnote (j) below.
(h) Includes all foreign and domestic income taxes from continuing operations.
(i) Relates to discontinued operations from Ecuador and the spin-off of California Resources.
(j) Includes the following significant items affecting earnings for the years ended December 31:
Benefit (Charge) (in millions)

2013
2012


California Resources other than temporary loss
 
$ —
$ —
Joslyn Impairment

—
—
Spin-off and other costs

—
—
Litigation reserves
—
(20)
Charge for former executives and consultants
(55)
—
 
$ (55)
$ (20)

Tax effect of pre-tax and other adjustments *
 
$ (167)
$ 612
* Amounts represent the tax effect of the pre-tax adjustments listed in this note, as well as those in footnotes (d), (e) and (f).
(k) Includes capital expenditures and capitalized interest, but excludes acquisition and disposition of assets.
GEOGRAPHIC AREAS
(in millions)
Net sales (a)
Property, plant and equipment, net
For the years ended December 31,

2013
2012

2013
2012
United States
 
$ 11,724
$ 11,287
 
 
$ 40,786
Foreign
Qatar

2,995
3,356


2,676
Oman

2,567
2,578


2,353
Colombia

1,022
1,027


1,041
United Arab Emirates
—
—


2,104
Other Foreign

1,862
1,852


3,104
Total Foreign

8,446
8,813

12,865
11,278
Total
 
$ 20,170
$ 20,100
 
$ 55,821
$ 52,064
(a) Sales are shown by individual country based on the location of the entity making the sale.
74