v3.19.3.a.u2
Asset Retirement Obligations and Accrued Environmental Costs (Tables)
12 Months Ended
Dec. 31, 2019
Asset Retirement Obligation Disclosure [Abstract]  
Asset retirement obligations and accrued environmental costs
Note 10—Asset Retirement Obligations and Accrued
 
Environmental Costs
 
Asset retirement obligations and accrued environmental
 
costs at December 31 were:
Millions of Dollars
2019
2018
Asset retirement obligations
$
6,206
7,908
Accrued environmental costs
171
178
Total asset retirement obligations and accrued environmental costs
6,377
8,086
Asset retirement obligations and accrued environmental
 
costs due within one year*
(1,025)
(398)
Long-term asset retirement obligations and accrued
 
environmental costs
$
5,352
7,688
Changes in overall asset retirement obligation changed
During 2019 and 2018, our overall ARO changed
 
as follows:
Millions of Dollars
2019
2018
Balance at January 1
$
7,908
7,798
Accretion of discount
322
348
New obligations
155
657
Changes in estimates of existing obligations
50
(266)
Spending on existing obligations
(229)
(228)
Property dispositions
(1,920)
(161)
Foreign currency translation
(80)
(240)
Balance at December 31
$
6,206
7,908