Dispositions Income (loss) from discontinued operations (Tables)

6 Months Ended

Jun. 30, 2017

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]

The following table contains select amounts reported in our consolidated statements of income as discontinued operations:

	Three Months Ended June 30,							Six Months Ended June 30,
(In millions)		2017			2016			2017			2016
Total sales and other revenues and other income		$	173		$	199		$	431		$	359
Net gain (loss) on disposal of assets		(43		)	—			(43		)	—
Total revenues and other income		130			199			388			359
Costs and expenses:
Production expenses		103			165			254			306
Depreciation, depletion and amortization		1			49			40			109
Impairments		—			—			6,636			—
Other		12			31			25			60
Total costs and expenses		116			245			6,955			475
Pretax income (loss) from discontinued operations		14			(46		)	(6,567		)	(116		)
Provision (benefit) for income taxes		—			(14		)	(1,674		)	(37		)
Income (loss) from discontinued operations		$	14		$	(32	)	$	(4,893	)	$	(79	)

The following table presents the carrying value of the major categories of assets and liabilities of our Canadian business reported as discontinued operations and assets and liabilities from continuing operations, that are reflected as held for sale on our consolidated balance sheets at June 30, 2017 and December 31, 2016:

	June 30,		December 31,
(In millions)	2017		2016
Assets held for sale
Current assets:
Cash and cash equivalents	$	—	$	2
Accounts receivables	—		129
Inventories	—		91
Other	—		4
Total current assets held for sale—discontinued operations	—		226
Total current assets held for sale—continuing operations	1		1
Total current assets held for sale	$	1	$	227
Noncurrent assets:
Property, plant and equipment, net	$	—	$	8,991
Other	—		106
Total noncurrent assets held for sale—discontinued operations	—		9,097
Total noncurrent assets held for sale—continuing operations	1		1
Total noncurrent assets held for sale	$	1	$	9,098
Liabilities associated with assets held for sale
Current liabilities:
Accounts payable	$	—	$	111
Other	—		10
Total current liabilities held for sale—discontinued operations	—		121
Total current liabilities held for sale—continuing operations	—		—
Total current liabilities held for sale	$	—	$	121
Noncurrent liabilities:
Asset retirement obligations	$	—	$	95
Deferred tax liabilities	—		1,669
Other	—		20
Total noncurrent liabilities held for sale—discontinued operations	—		1,784
Total noncurrent liabilities held for sale—continuing operations	7		7
Total noncurrent liabilities held for sale	$	7	$	1,791