predictions/122.html

<table>
  <tr>
    <th rowspan="2">Millions of dollars</th>
    <th colspan="2">December 31</th>
  </tr>
  <tr>
    <th>2016</th>
    <th>2015</th>
  </tr>
  <tr>
    <td>Gross deferred tax assets:</td>
    <td></td>
    <td></td>
  </tr>
  <tr>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;Net operating loss carryforwards</td>
    <td>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,647</td>
    <td>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;540</td>
  </tr>
  <tr>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;Foreign tax credit carryforwards</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;648</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;365</td>
  </tr>
  <tr>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;Employee compensation and benefits</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;403</td>
  </tr>
  <tr>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;Accrued liabilities</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392</td>
  </tr>
  <tr>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;Other</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;536</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359</td>
  </tr>
  <tr>
    <td>Total gross deferred tax assets</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,508</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,059</td>
  </tr>
  <tr>
    <td>Gross deferred tax liabilities:</td>
    <td></td>
    <td></td>
  </tr>
  <tr>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;585</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,334</td>
  </tr>
  <tr>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;Undistributed foreign earnings</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;406</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5</td>
  </tr>
  <tr>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;Other</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109</td>
  </tr>
  <tr>
    <td>Total gross deferred tax liabilities</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,136</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,448</td>
  </tr>
  <tr>
    <td>Valuation allowances</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;453</td>
    <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213</td>
  </tr>
  <tr>
    <td>Net deferred income tax asset</td>
    <td>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,919</td>
    <td>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398</td>
  </tr>
</table>