Prepaid Expenses

12 Months Ended

Dec. 31, 2014

Prepaid Expenses [Abstract]

Prepaid Expenses

(3)  PREPAID EXPENSES

The components of prepaid expenses included in other current assets as of December 31, 2014 and December 31, 2013 consisted of the following:

	2014		2013
		(in millions)
Deposits(1)	$	65	$	–
Prepaid taxes		18		14
Prepaid insurance		8		8
Prepaid drilling costs		1		9
Total	$	92	$	31

Deposits consist of a $50 million and $15 million pre-payment related to the Statoil Property Acquisition and WPX Property Acquisition, respectively.