Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations Reflected in Consolidated Condensed Statements of Income

The Consolidated Statements of Income include discontinued operations of HighMount as follows:

Year Ended December 31	2014
(In millions)
Revenues:
Other revenue, primarily operating	$	150
Total		150
Expenses:
Other operating expenses
Impairment of natural gas and oil properties		29
Operating		173
Interest		8
Total		210
Loss before income tax		(60	)
Income tax benefit		4
Results of discontinued operations, net of income tax		(56	)
Impairment loss, net of tax benefit of $62		(138	)
Loss from discontinued operations	$	(194	)

The Consolidated Statements of Income include discontinued operations of the CAC business as follows:

Year Ended December 31	2014
(In millions)
Revenues:
Net investment income	$	94
Investment gains		3
Total		97
Expenses:
Insurance claims and policyholders’ benefits		75
Other operating expenses		2
Total		77
Income before income tax		20
Income tax expense		(6	)
Results of discontinued operations, net of income tax		14
Loss on sale, net of tax benefit of $40		(211	)
Amounts attributable to noncontrolling interests		20
Loss from discontinued operations	$	(177	)