Accounting Standards Accounting Standards (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The following table summarizes the impacts of adopting this standard on our historical consolidated income statement for the quarter ended March 31, 2017.



	Three Months Ended March 31, 2017
(In millions)	Previously Reported	As reclassified	Effect of Change Higher/(Lower)
Production	151	153	2
Exploration	28	28	—
General and administrative	109	97	(12	)
Income from operations	62	72	10
Other net periodic benefit costs ^(a)	—	10	10


^(a)	Includes net settlement loss and other net periodic benefit costs, excluding service costs (See Note 16).

The following table summarizes the impacts of adopting the new revenue standard on our consolidated income statement for the quarter ended March 31, 2018.



	Three Months Ended March 31, 2018
(In millions)	As reported		Adjustments			Presentation without adoption of ASC Topic 606
Revenues and other income:
Revenues from contracts with customers	$	1,537	$	(104	)	$	1,433
Marketing revenues	—		32			32
Other income	4		(1		)	3
Costs and expenses:
Marketing, including purchases from related parties	$	—	$	32		$	32
Other operating	130		(3		)	127