Segment Information (Tables)

9 Months Ended

Sep. 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   September 30,						Nine Months Ended   September 30,
millions	2015			2014			2015			2014
Income (loss) before income taxes	$	(3,077	)	$	1,774		$	(7,520	)	$	506
Exploration expense	1,074			199			2,260			1,000
DD&A	1,111			1,163			3,581			3,335
Impairments	758			394			3,571			514
Interest expense	199			204			616			573
Total (gains) losses on derivatives, net, less net cash from settlement of commodity derivatives	360			(276		)	374			324
Deepwater Horizon settlement and related costs	—			3			4			96
Tronox-related contingent loss	—			19			5			4,338
Certain other nonoperating items	—			22			22			22
Less net income attributable to noncontrolling interests	75			60			154			142
Consolidated Adjusted EBITDAX	$	350		$	3,442		$	2,759		$	10,566

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 September 30, 2015
Sales revenues	$	1,067		$	195		$	968		$	—		$	2,230
Intersegment revenues	750			315			(832		)	(233		)	—
Gains (losses) on divestitures and other, net	(557		)	(22		)	—			37			(542		)
Total revenues and other	1,260			488			136			(196		)	1,688
Operating costs and expenses (1)	840			287			181			(14		)	1,294
Net cash from settlement of commodity derivatives	—			—			—			(79		)	(79		)
Other (income) expense, net (2)	—			—			—			47			47
Net income attributable to noncontrolling interests	—			75			—			—			75
Total expenses and other	840			362			181			(46		)	1,337
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—			—			(1		)	—			(1		)
Adjusted EBITDAX	$	420		$	126		$	(46	)	$	(150	)	$	350
Three Months Ended September 30, 2014
Sales revenues	$	2,192		$	119		$	1,919		$	—		$	4,230
Intersegment revenues	1,604			364			(1,774		)	(194		)	—
Gains (losses) on divestitures and other, net	724			1			—			55			780
Total revenues and other	4,520			484			145			(139		)	5,010
Operating costs and expenses (1)	1,090			249			188			26			1,553
Net cash from settlement of commodity derivatives	—			—			—			(48		)	(48		)
Other (income) expense, net (2)	—			—			—			2			2
Net income attributable to noncontrolling interests	—			60			—			—			60
Total expenses and other	1,090			309			188			(20		)	1,567
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—			—			(1		)	—			(1		)
Adjusted EBITDAX	$	3,430		$	175		$	(44	)	$	(119	)	$	3,442

 __________________________________________________________________

⁽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
Nine Months Ended September 30, 2015
Sales revenues	$	3,493		$	560		$	3,399		$	—		$	7,452
Intersegment revenues	2,752			920			(2,977		)	(695		)	—
Gains (losses) on divestitures and other, net	(990		)	(19		)	—			202			(807		)
Total revenues and other	5,255			1,461			422			(493		)	6,645
Operating costs and expenses (1)	2,674			761			571			(110		)	3,896
Net cash from settlement of commodity derivatives	—			—			—			(251		)	(251		)
Other (income) expense, net (2)	—			—			—			87			87
Net income attributable to noncontrolling interests	—			154			—			—			154
Total expenses and other	2,674			915			571			(274		)	3,886
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—			—			—			—			—
Adjusted EBITDAX	$	2,581		$	546		$	(149	)	$	(219	)	$	2,759
Nine Months Ended September 30, 2014
Sales revenues	$	6,804		$	358		$	5,791		$	—		$	12,953
Intersegment revenues	4,947			1,010			(5,369		)	(588		)	—
Gains (losses) on divestitures and other, net	2,194			(2		)	—			148			2,340
Total revenues and other	13,945			1,366			422			(440		)	15,293
Operating costs and expenses (1)	3,128			732			555			51			4,466
Net cash from settlement of commodity derivatives	—			—			—			132			132
Other (income) expense, net (2)	—			—			—			(10		)	(10		)
Net income attributable to noncontrolling interests	—			142			—			—			142
Total expenses and other	3,128			874			555			173			4,730
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—			—			3			—			3
Adjusted EBITDAX	$	10,817		$	492		$	(130	)	$	(613	)	$	10,566

 __________________________________________________________________

⁽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.