			At March 31, 2019
			(millions of dollars)

			Fair Value
			Level 1	Level 2	Level 3	Total Gross Assets & Liabilities	Effect of Counterparty Netting	Effect of Collateral Netting	Difference in Carrying Value and Fair Value	Net Carrying Value
Assets
	Derivative assets (1)		145	24	-	169	(145)	-	-	24
	Advances to/receivables
		from equity companies (2)(7)	-	2,157	6,703	8,860	-	-	54	8,914
	Other long-term
		financial assets (3)	914	-	806	1,720	-	-	93	1,813

Liabilities
	Derivative liabilities (4)		213	13	-	226	(145)	(68)	-	13
	Long-term debt (5)		18,088	111	4	18,203	-	-	(473)	17,730
	Long-term obligations
		to equity companies (7)	-	-	4,526	4,526	-	-	(96)	4,430
	Other long-term
		financial liabilities (6)	-	-	1,039	1,039	-	-	3	1,042

			At December 31, 2018
			(millions of dollars)

			Fair Value
			Level 1	Level 2	Level 3	Total Gross Assets & Liabilities	Effect of Counterparty Netting	Effect of Collateral Netting	Difference in Carrying Value and Fair Value	Net Carrying Value
Assets
	Derivative assets (1)		297	-	-	297	(151)	(146)	-	-
	Advances to/receivables
		from equity companies (2)(7)	-	2,100	6,293	8,393	-	-	215	8,608
	Other long-term
		financial assets (3)	848	-	974	1,822	-	-	112	1,934

Liabilities
	Derivative liabilities (4)		151	-	-	151	(151)	-	-	-
	Long-term debt (5)		19,029	117	4	19,150	-	-	85	19,235
	Long-term obligations
		to equity companies (7)	-	-	4,330	4,330	-	-	52	4,382
	Other long-term
		financial liabilities (6)	-	-	1,046	1,046	-	-	(3)	1,043

(1) Included in the Balance Sheet line: Notes and accounts receivable, less estimated doubtful amounts

(2) Included in the Balance Sheet line: Investments, advances and long-term receivables

(3) Included in the Balance Sheet lines: Investments, advances and long-term receivables and Other assets, including intangibles, net

(4) Included in the Balance Sheet line: Accounts payable and accrued liabilities

(5) Excluding finance lease obligations

(6) Included in the Balance Sheet line: Other long-term obligations

(7) Advances to/receivables from equity companies and long-term obligations to equity companies are mainly designated as hierarchy level 3 inputs. The fair value is calculated by discounting the remaining obligations by a rate consistent with the credit quality and industry of the equity company.