Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2015

Statements of Operations Information Other statements of operations information is as follows:



	Three Months Ended March 31,
(millions)	2015			2014
Production Expense
Lease Operating Expense	$	157		$	142
Production and Ad Valorem Taxes	32			49
Transportation and Gathering Expense	56			38
Total	$	245		$	229
Other Operating (Income) Expense, Net
Midstream Gathering and Processing Expense	$	4		$	3
Other, Net	4			7
Total	$	8		$	10
Other Non-Operating (Income) Expense, Net
Deferred Compensation Expense ⁽¹⁾	$	2		$	4
Other (Income) Expense, Net	(1		)	1
Total	$	1		$	5


⁽¹⁾	Amounts represent increases in the fair value of shares of our common stock held in a rabbi trust.

Balance Sheet Information Other balance sheet information is as follows:



(millions)	March 31, 2015			December 31, 2014
Accounts Receivable, Net
Commodity Sales	$	303		$	405
Joint Interest Billings	343			297
Other	140			171
Allowance for Doubtful Accounts	(17		)	(16		)
Total	$	769		$	857
Other Current Assets
Inventories, Materials and Supplies	$	89		$	81
Inventories, Crude Oil	28			24
Assets Held for Sale⁽¹⁾	106			180
Prepaid Expenses and Other Current Assets	36			40
Total	$	259		$	325
Other Noncurrent Assets
Equity Method Investments	$	384		$	325
Mutual Fund Investments	112			111
Commodity Derivative Assets	169			180
Other Assets	119			99
Total	$	784		$	715
Other Current Liabilities
Production and Ad Valorem Taxes	$	119		$	110
Income Taxes Payable	182			180
Deferred Income Taxes, Current	151			158
Accrued Benefit Costs, Current	109			125
Asset Retirement Obligations	81			81
Interest Payable	83			70
Current Portion of Capital Lease Obligations	65			68
Other	84			152
Total	$	874		$	944
Other Noncurrent Liabilities
Deferred Compensation Liabilities	$	224		$	218
Asset Retirement Obligations	706			670
Accrued Benefit Costs	23			24
Other	204			175
Total	$	1,157		$	1,087