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Property Transactions (Tables)
12 Months Ended
Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Discontinued Operations
Summarized results of discontinued operations are as follows:
 
Year Ended December 31,
(millions)
2013
 
2012
 
2011
Oil and Gas Sales
$
37

 
$
208

 
$
357

Income Before Income Taxes
12

 
101

 
215

Income Tax Expense
6

 
55

 
174

Operating Income, Net of Tax
6

 
46

 
41

Gain on Sale, Net of Tax
65

 
16

 

Discontinued Operations, Net of Tax
$
71

 
$
62

 
$
41

Schedule of Disposal Groups, Gain on Divestitures - Onshore US
The information regarding the assets sold is as follows:
 
 
Year Ended December 31,
(millions)
 
2013
 
2012
Cash Proceeds
 
$
150

 
$
1,044

Less
 
 
 
 
     Net Book Value of Assets Sold
 
(117
)
 
(836
)
     Goodwill Allocated to Assets Sold
 
(8
)
 
(61
)
     Asset Retirement Obligations Associated with Assets Sold
 
8

 
20

     Other Closing Adjustments
 
3

 
(13
)
Gain on Divestitures
 
$
36

 
$
154

Purchase Price Allocation of Acquisition
the following:
(millions)
December 31,
2012
Unproved Oil and Gas Properties
$
803

Proved Oil and Gas Properties
386

Investment in CONE Gathering LLC
69

Total Assets Acquired (1)
$
1,258

(1) 
Total reflects impact of $17 million imputed interest on CONSOL installment payments.