Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2016

Derivative [Line Items]

Schedule Of Derivative Financial Instruments Included In Consolidated Comprehensive Statements Of Earnings And Consolidated Balance Sheets

The following table presents the net gains and losses by derivative financial instrument type followed by the corresponding individual consolidated comprehensive statements of earnings caption.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Commodity derivatives:	(Millions)
Oil, gas and NGL derivatives	$	79		$	414		$	(30	)	$	426
Marketing and midstream revenues		(1	)		6			(7	)		8
Interest rate derivatives:
Other nonoperating items		(20	)		(30	)		(163	)		(28	)
Foreign currency derivatives:
Other nonoperating items		—			91			(159	)		200
Net gains (losses) recognized	$	58		$	481		$	(359	)	$	606

The following table presents the derivative fair values by derivative financial instrument type followed by the corresponding individual consolidated balance sheet caption.

	September 30, 2016		December 31, 2015
	(Millions)
Commodity derivative assets:
Other current assets	$	12	$	34
Other long-term assets		1		1
Interest rate derivative assets:
Other current assets		1		1
Other long-term assets		1		1
Foreign currency derivative assets:
Other current assets		—		8
Total derivative assets	$	15	$	45
Commodity derivative liabilities:
Other current liabilities	$	40	$	14
Other long-term liabilities		6		4
Interest rate derivative liabilities:
Other long-term liabilities		185		22
Foreign currency derivative liabilities:
Other current liabilities		—		8
Total derivative liabilities	$	231	$	48

Interest Rate Derivatives [Member]

Derivative [Line Items]

Schedule Of Open Derivative Positions

Notional		Rate Received		Rate Paid		Expiration
(Millions)
$	100	Three Month LIBOR			0.92%	December 2016
$	750	Three Month LIBOR			2.98%	December 2048 (1)
$	100		1.76%	Three Month LIBOR		January 2019

(1) Mandatory settlement in December 2018.

Open Oil Derivative Positions [Member]

Derivative [Line Items]

Schedule Of Open Derivative Positions

	Price Swaps				Price Collars						Call Options Sold
Period	Volume (Bbls/d)		Weighted Average Price ($/Bbl)		Volume (Bbls/d)		Weighted Average Floor Price ($/Bbl)		Weighted Average Ceiling Price ($/Bbl)		Volume (Bbls/d)		Weighted Average Price ($/Bbl)
Q4 2016		40,848	$	49.00		20,000	$	40.85	$	50.85		18,500	$	55.00
Q1-Q4 2017		10,452	$	50.57		32,496	$	44.60	$	57.37		—	$	—
Q1-Q4 2018		616	$	50.61		1,726	$	45.51	$	55.51		—	$	—

	Oil Basis Swaps
Period	Index	Volume (Bbls/d)		Weighted Average Differential to WTI ($/Bbl)
Q4 2016	Western Canadian Select		33,000	$	(13.40	)
Q4 2016	West Texas Sour		5,000	$	(0.53	)
Q4 2016	Midland Sweet		13,000	$	0.25

Open Natural Gas Derivative Positions [Member]

Derivative [Line Items]

Schedule Of Open Derivative Positions

	Price Swaps				Price Collars						Call Options Sold
Period	Volume (MMBtu/d)		Weighted Average Price ($/MMBtu)		Volume (MMBtu/d)		Weighted Average Floor Price ($/MMBtu)		Weighted Average Ceiling Price ($/MMBtu)		Volume (MMBtu/d)		Weighted Average Price ($/MMBtu)
Q4 2016		155,000	$	2.83		385,000	$	2.74	$	2.97		400,000	$	2.80
Q1-Q4 2017		145,384	$	3.06		230,904	$	2.91	$	3.31		—	$	—
Q1-Q4 2018		8,630	$	3.30		8,630	$	3.18	$	3.48		—	$	—

	Natural Gas Basis Swaps
Period	Index	Volume (MMBtu/d)		Weighted Average Differential to Henry Hub ($/MMBtu)
Q4 2016	Panhandle Eastern Pipe Line		175,000		$	(0.34	)
Q4 2016	El Paso Natural Gas		125,000		$	(0.12	)
Q4 2016	Houston Ship Channel		30,000		$	0.11
Q4 2016	Transco Zone 4		70,000		$	0.01
Q1-Q4 2017	Panhandle Eastern Pipe Line		150,000		$	(0.34	)
Q1-Q4 2017	El Paso Natural Gas		80,000		$	(0.13	)
Q1-Q4 2017	Houston Ship Channel		35,000		$	0.06
Q1-Q4 2017	Transco Zone 4		205,000		$	0.03

Open NGL Derivative Positions [Member]

Derivative [Line Items]

Schedule Of Open Derivative Positions

		Price Swaps				Price Collars
Period	Product	Volume (Bbls/d)		Weighted Average Price ($/Bbl)		Volume (Bbls/d)		Weighted Average Floor Price ($/Bbl)		Weighted Average Ceiling Price ($/Bbl)
Q4 2016	Ethane		6,000	$	9.71		10,000	$	8.34	$	9.60
Q4 2016	Propane		1,000	$	21.53		6,000	$	19.88	$	21.98

Gas Processing And Fractionation Open Positions [Member] | EnLink [Member]

Derivative [Line Items]

Schedule Of Open Derivative Positions

Period	Product	Volume (Total)			Weighted Average Price Paid	Weighted Average Price Received
Q4 2016	Ethane		170	MBbls	$0.28/gal	Index
Q4 2016-Q3 2017	Propane		405	MBbls	Index	$0.65/gal
Q4 2016-Q3 2017	Normal Butane		109	MBbls	Index	$0.60/gal
Q4 2016-Q3 2017	Natural Gasoline		113	MBbls	Index	$0.98/gal
Q4 2016-Q3 2017	Natural Gas		17,438	MMBtu/d	Index	$2.94/MMbtu
Q4 2016	Condensate		50	MBbls	Index	$40.20/bbl