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301900 - Disclosure - Employee Benefit Plans (Tables)
(http://conocophillips.com/role/DisclosureEmployeeBenefitPlansTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001163165 (http://www.sec.gov/CIK)
Employee Benefit Plans [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Employee Benefit Plans [Abstract]
 
Pension and Postretirement Plans
An analysis of the projected benefit obligations for our pension plans and accumulated benefit obligations for
our postretirement health and life insurance plans follows:
Millions of Dollars
Pension BenefitsOther Benefits
2016201520162015
U.S.Int’l.U.S.Int’l.
Change in Benefit Obligation
Benefit obligation at January 1$3,7723,3214,3873,984352716
Service cost1087613812424
Interest cost1331201611351322
Plan participant contributions-3-52421
Plan amendments----(27)(303)
Actuarial (gain) loss247466(212)(442)(14)(49)
Benefits paid(872)(148)(729)(162)(68)(63)
Curtailment141027(43)38
Settlement-(46)----
Recognition of termination benefits141-68--
Foreign currency exchange rate change-(358)-(348)1(4)
Benefit obligation at December 31*$3,4163,4453,7723,321286352
*Accumulated benefit obligation portion of above at3,2463,0673,5732,953
December 31:$
Change in Fair Value of Plan Assets
Fair value of plan assets at January 1$2,6063,0633,2663,278--
Actual return on plan assets133397(4)96--
Company contributions214125731204442
Plan participant contributions-3-52421
Benefits paid(872)(148)(729)(162)(68)(63)
Foreign currency exchange rate change-(372)-(274)--
Fair value of plan assets at December 31$2,0813,0682,6063,063--
Funded Status$(1,335)(377)(1,166)(258)(286)(352)
  
Amounts Recognized in the Consolidated Balance Sheet
 
Weighted-Average Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Cost
Millions of Dollars
Pension BenefitsOther Benefits
2016201520162015
U.S.Int’l.U.S.Int’l.
Amounts Recognized in the
Consolidated Balance Sheet at
December 31
Noncurrent assets$-164-175--
Current liabilities(101)(7)(99)(34)(44)(45)
Noncurrent liabilities(1,234)(534)(1,067)(399)(242)(307)
Total recognized$(1,335)(377)(1,166)(258)(286)(352)
Weighted-Average Assumptions Used to
Determine Benefit Obligations at
December 31
Discount rate3.95%3.004.503.953.603.90
Rate of compensation increase4.003.854.004.05--
Weighted-Average Assumptions Used to
Determine Net Periodic Benefit Cost for
Years Ended December 31
Discount rate3.90%3.954.003.553.754.05
Expected return on plan assets7.005.457.005.40--
Rate of compensation increase4.004.054.754.35--
  
Before tax amounts unrecognized in net periodic postretirement benefit cost
 
Sources of change in other comprehensive income
Millions of Dollars
Pension BenefitsOther Benefits
2016201520162015
U.S.Int’l.U.S.Int’l.
Sources of Change in Other
Comprehensive Income (Loss)
Net gain (loss) arising during the period$(263)(232)614901441
Amortization of (gain) loss included in
net loss*2882631289(5)2
Net change during the period$25(206)373579943
Prior service credit (cost) arising during the
period$-(4)-(2)27303
Amortization of prior service cost (credit)
included in net loss5(6)7(11)(34)(15)
Net change during the period$5(10)7(13)(7)288
*Includes settlement losses recognized in 2016 and 2015.
  
Amounts included in accumulated other comprehensive income that are expected to be amortized into net periodic postretirement cost
Included in accumulated other comprehensive income (loss) at December 31 were the following before-tax  
amounts that had not been recognized in net periodic benefit cost:
Millions of Dollars
Pension BenefitsOther Benefits
2016201520162015
U.S.Int’l.U.S.Int’l.
Unrecognized net actuarial (gain) loss$748479773273(27)(18)
Unrecognized prior service cost (credit)4(20)9(30)(285)(292)

Included in accumulated other comprehensive income (loss) at December 31, 2016, were the following before-
tax amounts that are expected to be amortized into net periodic benefit cost during 2017:
Millions of Dollars
PensionOther
BenefitsBenefits
U.S.Int’l.
Unrecognized net actuarial (gain) loss$7548(3)
Unrecognized prior service cost (credit)4(5)(36)
  
Net periodic benefit cost of all defined benefit plans
The components of net periodic benefit cost of all defined benefit plans are presented in the following table:
Millions of Dollars
Pension BenefitsOther Benefits
201620152014201620152014
U.S.Int’l.U.S.Int’l.U.S.Int’l.
Components of Net
Periodic Benefit Cost
Service cost$10876138124124109243
Interest cost133120161135165166132229
Expected return on plan
assets(149)(147)(201)(164)(213)(181)---
Amortization of prior
service cost (credit)5(6)6(7)6(8)(34)(17)(4)
Recognized net actuarial
loss (gain)8626115827757(2)2(3)
Settlements202-1977-----
Curtailment (gain) loss14-35(4)--12-
Net periodic benefit cost$39969451173159143(20)1325
  
Fair values of our pension plan assets
The fair values of our pension plan assets at December 31, by asset class were as follows: 
Millions of Dollars
U.S.International
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
2016
Equity Securities
U.S.$632-14646628--628
International342--342428--428
Common/collective trusts62--62-156-156
Mutual funds----268139-407
Debt Securities
Government-38-38470--470
Corporate-54357----
Common/collective trusts-----385-385
Mutual funds----137--137
Cash and cash equivalents----48--48
Derivatives----18--18
Real estate------111111
Total in fair value hierarchy$1,03692171,1451,9976801112,788
Investments measured at net asset value*
Equity Securities
Common/collective trusts$---410----
Debt Securities
Corporate-------155
Agency and mortgage-backed securities-------27
Common/collective trusts---312----
Cash and cash equivalents---36---11
Real estate---69---76
Total**$1,03692171,9721,9976801113,057
*In accordance with FASB ASC Topic 715, “Compensation—Retirement Benefits,” certain investments that are to be measured at fair value using the net asset
value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are
intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Change in Fair Value of Plan Assets.
**Excludes the participating interest in the insurance annuity contract with a net asset value of $121 million and net payables related to security transactions
of $1 million.

The fair values of our pension plan assets at December 31, by asset class were as follows: 
Millions of Dollars
U.S.International
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
2015
Equity Securities
U.S.$77732782609--609
International485--485450--450
Common/collective trusts-----214-214
Mutual funds----234106-340
Debt Securities
Government8556-141493--493
Corporate-33117348----
Agency and mortgage-backed securities-80-80----
Common/collective trusts-----406-406
Mutual funds----136--136
Cash and cash equivalents----46--46
Derivatives-(7)-(7)(26)--(26)
Real estate------104104
Total in fair value hierarchy$1,347463191,8291,9427261042,772
Investments measured at net asset value*
Equity Securities
Common/collective trusts$---569----
Debt Securities
Corporate-------172
Agency and mortgage-backed securities-------36
Cash and cash equivalents---60---10
Real estate---63---65
Total**$1,347463192,5211,9427261043,055
*In accordance with FASB ASC Topic 715, “Compensation—Retirement Benefits,” certain investments that are to be measured at fair value using the net asset value
per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to
permit reconciliation of the fair value hierarchy to the amounts presented in the Change in Fair Value of Plan Assets.
**Excludes the participating interest in the insurance annuity contract with a net asset value of $125 million and net payables related to security transactions
of $32 million.
  
Benefit payments excluding the participating annuity contract and which reflect expected future service, as appropriate, are expected to be paid:
The following benefit payments, which are exclusive of amounts to be paid from the insurance annuity contract
and which reflect expected future service, as appropriate, are expected to be paid:
Millions of Dollars
PensionOther
BenefitsBenefits
U.S.Int’l.
2017$35211642
201829013139
201928712436
202027712934
202129213730
2022–20261,374729109
  
Share-based compensation expense recognized in income and the associated tax benefit
Compensation Expense—Total share-based compensation expense recognized in income (loss) and the
associated tax benefit for the years ended December 31 were as follows:
Millions of Dollars
201620152014
Compensation cost$272362358
Tax benefit 92123125
  
Significant assumptions used to calculate the fair market values
The fair market values of the options granted over the past three years were measured on the date of grant
using the Black-Scholes-Merton option-pricing model. The weighted-average assumptions used were as follows:
201620152014
Assumptions used
Risk-free interest rate1.55%1.791.86
Dividend yield4.00%4.004.00
Volatility factor26.80%23.3225.31
Expected life (years)6.375.796.12
  
Summary of stock option activity
The following summarizes our stock option activity for the year ended December 31, 2016:
Weighted-
Weighted-Average Millions of Dollars
AverageGrant DateAggregate
OptionsExercise PriceFair Value Intrinsic Value
Outstanding at December 31, 201520,184,810$55.88$42
Granted4,434,40033.13$5.39
Exercised(62,536)48.80-
Forfeited(272,646)34.51
Expired or cancelled(571,916)45.46
Outstanding at December 31, 201623,712,112$52.14$128
Vested at December 31, 201620,192,822$52.85$93
Exercisable at December 31, 201615,932,144$53.56$55

The following summarizes our stock unit activity for the year ended December 31, 2016:
Weighted-Average Millions of Dollars
Stock UnitsGrant Date Fair Value Total Fair Value
Outstanding at December 31, 20159,178,165$59.80
Granted4,613,46932.15
Forfeited(169,018)30.46
Issued(5,115,112)$191
Outstanding at December 31, 20168,507,504$48.65
Not Vested at December 31, 20165,990,350$48.29
  
Summary of restricted stock unit activity
 
Summary of Performance Share Program activity
The following summarizes our stock-settled Performance Share Program activity for the year ended
December 31, 2016:
Weighted-Average Millions of Dollars
Stock UnitsGrant Date Fair Value Total Fair Value
Outstanding at December 31, 20154,270,222$51.95
Granted48,06533.13
Issued(428,763)$17
Outstanding at December 31, 20163,889,524$51.93
Not Vested at December 31, 2016606,085$53.34

The following summarizes our cash-settled Performance Share Program activity for the year ended
December 31, 2016:
Weighted-Average Millions of Dollars
Stock UnitsGrant Date Fair Value Total Fair Value
Outstanding at December 31, 20151,459,236$46.54
Granted684,38633.13
Settled(868,860)$31
Outstanding at December 31, 20161,274,762$50.39
Not Vested at December 31, 2016584,789$50.39
  
Summary of aggregate activity of restricted shares and units
The following summarizes the aggregate activity of these restricted shares and units for the year ended
December 31, 2016:
Weighted-Average Millions of Dollars
Stock UnitsGrant Date Fair Value Total Fair Value
Outstanding at December 31, 20151,272,136$33.25
Granted99,30040.36
Cancelled(15,964)20.69
Issued(37,508)$2
Outstanding at December 31, 20161,317,964$33.16
Not Vested at December 31, 2016-
  
Severance accrual
Millions of Dollars
Balance at December 31, 2015$156
Accruals129
Benefit payments(206)
Foreign currency translation adjustments1
Balance at December 31, 2016$80