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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Summary of Financial Information for Joint Ventures

The following tables present summarized financial information for these joint ventures:

 

Year Ended December 31             2016       2015    

 

 

(In millions)

       

Total assets

     $     1,749       $     1,577       

Total liabilities

       1,444         1,231       
Year Ended December 31   2016           2015       2014    

 

 

Revenues

  $         693           $       606       $         491       

Net income

    80             71         32    
Principal Service Lives

The principal service lives used in computing provisions for depreciation are as follows:

 

     Years  

Pipeline equipment

     30 to 50   

Offshore drilling equipment

     15 to 30   

Other

     3 to 40