XML 16 R7.htm IDEA: XBRL DOCUMENT v3.22.2
STATEMENT OF CONSOLIDATED CHANGES IN EQUITY (DEFICIT) AND NONCONTROLLING INTERESTS (Unaudited) - USD ($)
$ in Millions
Total
Redeemable Noncontrolling Interest - Altus Preferred Unit Limited Partners
Noncontrolling interests, Egypt
Noncontrolling interests, Altus
APA SHAREHOLDERS’ EQUITY (DEFICIT)
Common Stock
Paid-In Capital
Accumulated Deficit
Treasury Stock
Accumulated Other Comprehensive Income
Noncontrolling Interests
Noncontrolling Interests
Noncontrolling interests, Egypt
Noncontrolling Interests
Noncontrolling interests, Altus
Beginning balance at Dec. 31, 2020 [1]   $ 608                      
Increase (Decrease) in Temporary Equity [Roll Forward]                          
Net income attributable to Altus Preferred Unit holders [1]   43                      
Cash distributions to Altus Preferred Unit limited partners   (23) [1] $ (60)                 $ (60)  
Distributions payable to Altus Preferred Unit limited partners [1]   (11)                      
Ending balance at Jun. 30, 2021 [1]   617                      
Beginning balance at Dec. 31, 2020 $ (645)       $ (1,639) $ 262 $ 11,735 $ (10,461) $ (3,189) $ 14 $ 994    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income attributable to common stock 704       704     704          
Net income attributable to noncontrolling interest     83 $ 28               83 $ 28
Distributions to noncontrolling interest   (23) [1] (60)                 (60)  
Common dividends declared (19)       (19)   (19)            
Other (15)       (10) 0 (12)   1 1 (5)    
Ending balance at Jun. 30, 2021 76       (964) 262 11,704 (9,757) (3,188) 15 1,040 [2]    
Beginning balance at Dec. 31, 2020 [1]   608                      
Ending balance at Dec. 31, 2021 712 [3] 712 [1]                      
Beginning balance at Dec. 31, 2020 (645)       (1,639) 262 11,735 (10,461) (3,189) 14 994    
Ending balance at Dec. 31, 2021 (717) [3]       (1,595) 262 11,645 (9,488) (4,036) 22 878    
Beginning balance at Mar. 31, 2021 [2]   605                      
Increase (Decrease) in Temporary Equity [Roll Forward]                          
Net income attributable to Altus Preferred Unit holders [2]   24                      
Cash distributions to Altus Preferred Unit limited partners     (20)                 (20) [2]  
Distributions payable to Altus Preferred Unit limited partners [2]   (12)                      
Ending balance at Jun. 30, 2021 [1]   617                      
Beginning balance at Mar. 31, 2021 (261)       (1,258) 262 11,727 (10,073) (3,189) 15 997 [2]    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income attributable to common stock 316       316     316          
Net income attributable to noncontrolling interest     41 27               41 [2] 27 [2]
Distributions to noncontrolling interest     (20)                 (20) [2]  
Common dividends declared (10)       (10)   (10)            
Other (17)       (12)   (13)   1   (5)    
Ending balance at Jun. 30, 2021 76       (964) 262 11,704 (9,757) (3,188) 15 1,040 [2]    
Beginning balance at Dec. 31, 2021 712 [3] 712 [1]                      
Increase (Decrease) in Temporary Equity [Roll Forward]                          
Net income attributable to Altus Preferred Unit holders [1]   (70)                      
Cash distributions to Altus Preferred Unit limited partners     (159)                 (159)  
Deconsolidation of Altus [1]   (642)                      
Ending balance at Jun. 30, 2022 0 [3] 0 [2]                      
Beginning balance at Dec. 31, 2021 (717) [3]       (1,595) 262 11,645 (9,488) (4,036) 22 878    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income attributable to common stock 2,809       2,809     2,809          
Net income attributable to noncontrolling interest     260 14               260 14
Distributions to noncontrolling interest     (159)                 (159)  
Common dividends declared (85)       (85)   (85)            
Treasury stock activity, net (551)       (551)       (551)        
Deconsolidation of Altus [1]   (642)                      
Other 6       6   7            
Ending balance at Jun. 30, 2022 1,505 [3]       584 262 11,567 (6,679) (4,587) 21 921 [2]    
Beginning balance at Mar. 31, 2022 [2]   0                      
Increase (Decrease) in Temporary Equity [Roll Forward]                          
Cash distributions to Altus Preferred Unit limited partners     (90)                 (90) [2]  
Deconsolidation of Altus       (72)                 (72) [2]
Ending balance at Jun. 30, 2022 0 [3] $ 0 [2]                      
Beginning balance at Mar. 31, 2022 852       (18) 262 11,600 (7,605) (4,296) 21 870 [2]    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income attributable to common stock 926       926     926          
Net income attributable to noncontrolling interest     141 0               141 [2]  
Distributions to noncontrolling interest     $ (90)                 $ (90) [2]  
Common dividends declared (42)       (42)   (42)            
Treasury stock activity, net (291)       (291)       (291)        
Deconsolidation of Altus       $ (72)                 $ (72) [2]
Other 9       9   9     (1)      
Ending balance at Jun. 30, 2022 $ 1,505 [3]       $ 584 $ 262 $ 11,567 $ (6,679) $ (4,587) $ 21 $ 921 [2]    
[1] As a result of the BCP Business Combination, the Company deconsolidated Altus on February 22, 2022. Refer to Note 1—Summary of Significant Accounting Policies and Note 2—Acquisitions and Divestitures for further detail.
[2] As a result of the BCP Business Combination, the Company deconsolidated Altus on February 22, 2022. Refer to Note 1—Summary of Significant Accounting Policies and Note 2—Acquisitions and Divestitures for further detail.
[3] The Altus VIE amounts are disclosed as of December 31, 2021. All Altus balances were deconsolidated as of February 22, 2022. Refer to Note 1—Summary of Significant Accounting Policies and Note 2—Acquisitions and Divestitures for further detail.