XML 58 R34.htm IDEA: XBRL DOCUMENT v2.4.0.8
Basis of Presentation (Details 2) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Production Expense          
Lease Operating Expense $ 154 $ 140 $ 299 $ 257  
Production and Ad Valorem Taxes 53 43 102 86  
Transportation and Gathering Expense 41 27 80 55  
Total 248 210 481 398  
Other Non-Operating (Income) Expense, Net          
Deferred Compensation Expense 8 [1] 3 [1] 12 [1] 14 [1]  
Other Expense, Net 0 0 1 (2)  
Total 8 3 13 12  
Accounts Receivable, Net          
Proceeds Receivable from China Asset Sale 150 [2]   150 [2]   0 [2]
Commodity Sales 464   464   495
Joint Interest Billings 310   310   382
Other 91   91   81
Allowance for Doubtful Accounts (11)   (11)   (11)
Total 1,004   1,004   947
Other Current Assets          
Inventories, Materials and Supplies 94   94   96
Inventories, Crude Oil 23   23   25
Deferred Income Taxes, Net 63   63   62
Assets Held-for-Sale 74   74   292
Prepaid Expenses and Other Current Assets 58   58   72
Total 312   312   547
Other Noncurrent Assets          
Equity Method Investments 484   484   437
Mutual Fund Investments 121   121   114
Commodity Derivative Assets 2   2   16
Other Assets 97   97   112
Total 704   704   679
Other Current Liabilities          
Production and Ad Valorem Taxes 111   111   103
Commodity Derivative Liabilities 199   199   65
Income Taxes Payable 77   77   156
Asset Retirement Obligations 141   141   39
Interest Payable 61   61   63
Current Portion of Long Term Debt 0 [3]   0 [3]   200 [3]
Current Portion of Capital Lease 59 [3]   59 [3]   58 [3]
Liabilities Associated with Assets Held for Sale 14   14   111
Other 204   204   193
Total 866   866   988
Other Noncurrent Liabilities          
Deferred Compensation Liabilities 276   276   253
Asset Retirement Obligations 563   563   547
Accrued Benefit Costs 108   108   155
Commodity Derivative Liabilities 89   89   10
Other 107   107   144
Total $ 1,143   $ 1,143   $ 1,109
[1] Amounts represent increases in the fair value of shares of our common stock held in a rabbi trust.
[2] The sale was completed on June 30, 2014; bank transfer of the proceeds was completed on July 2, 2014.
[3] See Note 6. Debt.