Dispositions Income (loss) from discontinued operations (Tables)

9 Months Ended

Sep. 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 September 30,					Nine Months Ended September 30,
(In millions)		2017		2016		2017			2016
Total sales and other revenues and other income		$	—	$	239	$	431		$	598
Net gain (loss) on disposal of assets		—		—		(43		)	—
Total revenues and other income		—		239		388			598
Costs and expenses:
Production expenses		—		135		254			441
Depreciation, depletion and amortization		—		72		40			181
Impairments		—		—		6,636			—
Other		—		9		25			69
Total costs and expenses		—		216		6,955			691
Pretax income (loss) from discontinued operations		—		23		(6,567		)	(93		)
Provision (benefit) for income taxes		—		9		(1,674		)	(28		)
Income (loss) from discontinued operations		$	—	$	14	$	(4,893	)	$	(65	)

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 September 30, 2017 and December 31, 2016:

	September 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	11		1
Total current assets held for sale	$	11	$	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	54		1
Total noncurrent assets held for sale	$	54	$	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	9		7
Total noncurrent liabilities held for sale	$	9	$	1,791