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Restructuring Charges
6 Months Ended
Jun. 30, 2019
Restructuring and Related Activities [Abstract]  
Restructuring Charges RESTRUCTURING CHARGES
In December 2018, the Company closed on the sale of the equity in certain of its subsidiaries that owned and operated its Fayetteville Shale E&P and related midstream gathering assets in Arkansas. As part of the transaction, most employees associated with those assets became employees of the buyer although the employment of some was, or will be, terminated. All affected employees were offered a severance package, which included a one-time cash payment depending on length of service and, if applicable, the current value of a portion of equity awards that were forfeited. As of June 30, 2019, a liability of approximately $0.4 million for severance payments has been accrued for the remaining Fayetteville Shale sale-related employment terminations in 2019.

On June 27, 2018, the Company notified affected employees of a workforce reduction plan, which resulted primarily from a previously announced study of structural, process and organizational changes to enhance shareholder value and continues with respect to other aspects of the Company’s business activities.  Affected employees were offered a severance package, which included a one-time cash payment depending on length of service and, if applicable, current value of a portion of equity awards that were forfeited.
The following table presents a summary of the restructuring charges included in Operating Income for the three and six months ended June 30, 2019 and 2018:
 
For the three months ended June 30,
 
For the six months ended June 30,
(in millions)
2019
 
2018
 
2019
 
2018
Severance (including payroll taxes)
$
1

 
$
17

 
$
3

 
$
17

Office consolidation
1

 

 
2

 

Professional fees

 
1

 

 
1

Total restructuring charges (1)
$
2

 
$
18

 
$
5

 
$
18


(1)
Total restructuring charges were $2 million and $5 million for the Company’s E&P segment for the three and six months ended June 30, 2019, respectively, and $16 million and $2 million for the Company’s E&P and Midstream segments, respectively, for the three and six months ended June 30, 2018.
The following table presents a reconciliation of the liability associated with the Company’s restructuring activities at June 30, 2019, which is reflected in accounts payable on the consolidated balance sheet:
(in millions)
June 30, 2019
Liability at December 31, 2018
$
5

Additions
5

Distributions
(10
)
Liability at June 30, 2019
$