Segment Information (Tables)

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Reconciliation of Consolidated Adjusted EBITDAX to Income (Loss) Before Income Taxes

Below is a reconciliation of consolidated Adjusted EBITDAX to income (loss) before income taxes:

	Three Months Ended   June 30,					Six Months Ended   June 30,
millions	2015			2014		2015			2014
Income (loss) before income taxes	$	185		$	694	$	(4,443	)	$	(1,268	)
Exploration expense	103			502		1,186			801
DD&A	1,214			1,048		2,470			2,172
Impairments	30			117		2,813			120
Interest expense	201			186		417			369
Total (gains) losses on derivatives, net, less net cash from settlement of commodity derivatives	(229		)	237		14			600
Deepwater Horizon settlement and related costs	—			93		4			93
Tronox-related contingent loss	—			19		5			4,319
Certain other nonoperating items	—			—		22			—
Less net income attributable to noncontrolling interests	47			39		79			82
Consolidated Adjusted EBITDAX	$	1,457		$	2,857	$	2,409		$	7,124

Schedule of Segment Reporting Information, by Segment

The following summarizes selected financial information for Anadarko’s reporting segments:

millions	Oil and Gas Exploration & Production			Midstream			Marketing			Other and Intersegment Eliminations			Total
Three Months Ended June 30, 2015
Sales revenues	$	1,356		$	191		$	1,090		$	—		$	2,637
Intersegment revenues	885			303			(954		)	(234		)	—
Gains (losses) on divestitures and other, net	(95		)	3			—			91			(1		)
Total revenues and other	2,146			497			136			(143		)	2,636
Operating costs and expenses (1)	832			234			192			(59		)	1,199
Net cash from settlement of commodity derivatives	—			—			—			(82		)	(82		)
Other (income) expense, net (2)	—			—			—			15			15
Net income attributable to noncontrolling interests	—			47			—			—			47
Total expenses and other	832			281			192			(126		)	1,179
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—			—			—			—			—
Adjusted EBITDAX	$	1,314		$	216		$	(56	)	$	(17	)	$	1,457
Three Months Ended June 30, 2014
Sales revenues	$	2,223		$	119		$	2,043		$	—		$	4,385
Intersegment revenues	1,790			326			(1,906		)	(210		)	—
Gains (losses) on divestitures and other, net	10			(1		)	—			45			54
Total revenues and other	4,023			444			137			(165		)	4,439
Operating costs and expenses (1)	1,026			251			186			7			1,470
Net cash from settlement of commodity derivatives	—			—			—			88			88
Other (income) expense, net (2)	—			—			—			(13		)	(13		)
Net income attributable to noncontrolling interests	—			39			—			—			39
Total expenses and other	1,026			290			186			82			1,584
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—			—			2			—			2
Adjusted EBITDAX	$	2,997		$	154		$	(47	)	$	(247	)	$	2,857

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⁽¹⁾   Operating costs and expenses excludes exploration expense, DD&A, impairments, and Deepwater Horizon settlement and related costs since these expenses are excluded from Adjusted EBITDAX.

⁽²⁾   Other (income) expense, net excludes certain other nonoperating items since these items are excluded from Adjusted EBITDAX.

15. Segment Information (Continued)

millions	Oil and Gas Exploration & Production			Midstream			Marketing			Other and Intersegment Eliminations			Total
Six Months Ended June 30, 2015
Sales revenues	$	2,426		$	365		$	2,431		$	—		$	5,222
Intersegment revenues	2,002			605			(2,145		)	(462		)	—
Gains (losses) on divestitures and other, net	(433		)	3			—			165			(265		)
Total revenues and other	3,995			973			286			(297		)	4,957
Operating costs and expenses (1)	1,834			474			390			(96		)	2,602
Net cash from settlement of commodity derivatives	—			—			—			(172		)	(172		)
Other (income) expense, net (2)	—			—			—			40			40
Net income attributable to noncontrolling interests	—			79			—			—			79
Total expenses and other	1,834			553			390			(228		)	2,549
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—			—			1			—			1
Adjusted EBITDAX	$	2,161		$	420		$	(103	)	$	(69	)	$	2,409
Six Months Ended June 30, 2014
Sales revenues	$	4,612		$	239		$	3,872		$	—		$	8,723
Intersegment revenues	3,343			646			(3,595		)	(394		)	—
Gains (losses) on divestitures and other, net	1,470			(3		)	—			93			1,560
Total revenues and other	9,425			882			277			(301		)	10,283
Operating costs and expenses (1)	2,038			483			367			25			2,913
Net cash from settlement of commodity derivatives	—			—			—			180			180
Other (income) expense, net (2)	—			—			—			(12		)	(12		)
Net income attributable to noncontrolling interests	—			82			—			—			82
Total expenses and other	2,038			565			367			193			3,163
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—			—			4			—			4
Adjusted EBITDAX	$	7,387		$	317		$	(86	)	$	(494	)	$	7,124

 __________________________________________________________________

⁽¹⁾   Operating costs and expenses excludes exploration expense, DD&A, impairments, and Deepwater Horizon settlement and related costs since these expenses are excluded from Adjusted EBITDAX.

⁽²⁾   Other (income) expense, net excludes certain other nonoperating items since these items are excluded from Adjusted EBITDAX.