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Asset Retirement Obligations (Tables)
12 Months Ended
Dec. 31, 2015
Asset Retirement Obligation Disclosure [Abstract]  
Changes to Asset Retirement Obligations

The following table describes changes to our asset retirement obligations:

 

 

2015

 

 

2014

 

 

 

(In millions)

 

Asset retirement obligations at beginning of period

 

$

2,723

 

 

$

2,772

 

Liabilities incurred

 

 

57

 

 

 

63

 

Liabilities settled or disposed of

 

 

(360

)

 

 

(420

)

Accretion expense

 

 

126

 

 

 

136

 

Revisions of estimated liabilities

 

 

92

 

 

 

263

 

Foreign currency translation

 

 

(255

)

 

 

(91

)

Asset retirement obligations at end of period

 

 

2,383

 

 

 

2,723

 

Less: Current obligations

 

 

225

 

 

 

442

 

Long-term obligations at end of period

 

$

2,158

 

 

$

2,281