Divestitures (Tables)

6 Months Ended

Jun. 30, 2013

Acquisitions and Dispositions [Abstract]

Discontinued Operations Balance Sheet and Income Statement Disclosures [Table Text Block]

Summarized results of discontinued operations are as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013			2012
(millions)
Oil and Gas Sales	$	12	$	65	$	21		$	140
Income Before Income Taxes	5		39		4			79
Income Tax Expense	3		22		10			47
Operating Income (Loss), Net of Tax	2		17		(6		)	32
Gain on Sale, Net of Tax	17		—		55			—
Discontinued Operations, Net of Tax	$	19	$	17	$	49		$	32

Schedule of Disposal Groups, Gain on Asset Onshore Divestitures [Table Text Block]

Onshore US Properties During the first six months of 2013, we closed the sales of certain crude oil and natural gas properties in Kansas, Oklahoma and the Gulf Coast areas. The information regarding the assets sold is as follows:



	Six Months Ended June 30,
	2013
(millions)
Sales Proceeds	$	60
Less
Net Book Value of Assets Sold	(53		)
Goodwill Allocated to Assets Sold	(4		)
Asset Retirement Obligations Associated with Assets Sold	5
Other Closing Adjustments	4
Gain on Divestitures	$	12

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details