Exit and Disposal Costs

12 Months Ended

Dec. 31, 2014

Restructuring And Related Activities [Abstract]

Exit and Disposal Costs

4. Exit and Disposal Costs

The following table provides the components of and changes in the Corporation’s restructuring accruals:

	Exploration			Corporate, Interest
	and			and			Discontinued
	Production			Other			Operations			Total
	(In millions)
Employee Severance
Balance at January 1, 2014	$	32		$	26		$	113		$	171
Provision		19			16			41			76
Payments		(35	)		(26	)		(109	)		(170	)
Balance at December 31, 2014		16			16			45			77
Facility and Other Exit Costs
Balance at January 1, 2014		53			17			48			118
Provision		(15	)		10			70			65
Payments, settlements and other		(38	)		(12	)		(108	)		(158	)
Balance at December 31, 2014		—			15			10			25
Total restructuring accruals at December 31, 2014	$	16		$	31		$	55		$	102

The following table provides the financial statement classification of costs and expenses associated with the Corporation’s restructuring program:

	2014			2013
	(In millions)
Employee Severance
Operating costs and expenses	$	5		$	22
Exploration expenses, including dry holes and lease impairment		3			19
General and administrative expenses		27			63
Income from discontinued operations		41			148
Total employee severance	$	76		$	252
Facility and Other Exit Costs
Other, net	$	—		$	8
Operating costs and expenses		—			1
General and administrative expenses		(2	)		54
Depreciation, depletion and amortization		(3	)		16
Income from discontinued operations		70			141
Total facility and other exit costs	$	65		$	220

The employee severance charges primarily resulted from the Corporation’s divestiture program announced in March 2013. The severance charges were based on probable amounts incurred under ongoing severance arrangements or other statutory requirements, plus amounts earned under enhanced benefit arrangements. The expense associated with the enhanced benefits was recognized ratably over the estimated service period required for the employee to earn the benefit upon termination.

The facility and other exit costs relate to charges associated with the cessation of use of certain leased office space, contract terminations and professional fees associated with the divestitures as well as costs associated with the shutdown of Port Reading refining operations.

For the accrued employee severance at December 31, 2014 totaling $77 million, the Corporation expects to pay approximately 95% in 2015 and the remainder in 2016. For the accrued facility and other exit costs totaling $25 million, the Corporation expects to pay approximately 45% in 2015 and the remainder in 2016 and beyond.