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Related Party Transactions (Tables)
6 Months Ended
Jun. 30, 2015
Oxy  
Related party transaction  
Schedule of related party transactions

These transactions were conducted at posted tariff rates or prices that we believe approximate market. See detail below (in millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2015

    

2014

    

2015

    

2014

 

Revenues

 

$

382

 

$

351

 

$

558

 

$

443

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchases and related costs

 

$

41

 

$

209

 

$

146

 

$

468

 

 

We currently have a netting arrangement with Oxy. Our gross receivable and payable amounts with Oxy were as follows as of the dates indicated (in millions):

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

 

 

2015

    

2014

 

Trade accounts receivable and other receivables

 

$

736

 

$

489

 

 

 

 

 

 

 

 

 

Accounts payable

 

$

588

 

$

441