Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment

Schedule of changes in net asset retirement liability

	Year ended December 31, 2013			March 23  (inception) to December 31, 2012
	(in millions)
Net asset retirement liability at beginning of period	$	44		$	—
Fair value of asset retirement liability at Acquisition date	—			102
Liabilities settled	(2		)	(2		)
Property sale(1)	(1		)	(64		)
Accretion expense	4			3
Liabilities incurred	7			5
Other	1			—
Net asset retirement liability at December 31(2)	$	53		$	44

(1) From March 23 to December 31, 2012, property sales relate to the sale of properties in the Gulf of Mexico.

(2) Amounts do not include $37 million and $36 million as of December 31, 2013 and 2012, respectively, of net asset retirement liability associated with our Brazil operations classified as discontinued operations.