Segment Information (Tables)

6 Months Ended

Jun. 30, 2017

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	2017			2016			2017			2016
Income (loss) before income taxes	$	(372	)	$	(925	)	$	(550	)	$	(2,306	)
Interest expense	227			217			450			437
DD&A	1,037			984			2,152			2,133
Exploration expense	535			76			1,620			202
(Gains) losses on divestitures, net	(205		)	104			(1,009		)	102
Impairments	10			18			383			34
Total (gains) losses on derivatives, net, less net cash from settlement of commodity derivatives	45			371			(110		)	775
Restructuring charges	18			48			17			251
Other operating expense	—			—			—			1
Loss on early extinguishment of debt	2			124			2			124
Certain other nonoperating items	—			(56		)	—			(56		)
Less net income (loss) attributable to noncontrolling interests	81			81			124			117
Consolidated Adjusted EBITDAX	$	1,216		$	880		$	2,831		$	1,580

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



millions	Exploration & Production			Midstream		Other and Intersegment Eliminations			Total
Three Months Ended June 30, 2017
Sales revenues	$	1,955		$	447	$	17		$	2,419
Intersegment revenues	—			156		(156		)	—
Other ⁽¹⁾	8			54		30			92
Total revenues and other ⁽²⁾	1,963			657		(109		)	2,511
Operating costs and expenses ⁽³⁾	805			345		91			1,241
Net cash from settlement of commodity derivatives	—			—		(13		)	(13		)
Other (income) expense, net	—			—		(14		)	(14		)
Net income (loss) attributable to noncontrolling interests ⁽¹⁾	—			—		81			81
Total expenses and other	805			345		145			1,295
Adjusted EBITDAX	$	1,158		$	312	$	(254	)	$	1,216

Three Months Ended June 30, 2016
Sales revenues	$	1,680		$	280	$	25		$	1,985
Intersegment revenues	—			218		(218		)	—
Other ⁽¹⁾	(14		)	28		20			34
Total revenues and other ⁽²⁾	1,666			526		(173		)	2,019
Operating costs and expenses ⁽³⁾	861			234		26			1,121
Net cash from settlement of commodity derivatives	—			—		(60		)	(60		)
Other (income) expense, net	—			—		1			1
Net income (loss) attributable to noncontrolling interests ⁽¹⁾	—			—		81			81
Total expenses and other	861			234		48			1,143
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—			—		4			4
Adjusted EBITDAX	$	805		$	292	$	(217	)	$	880

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⁽¹⁾	Presentation has been adjusted to align with the current analysis of segment performance. Net income (loss) attributable to noncontrolling interests, previously reported within the Midstream segment, is now presented within Other and Intersegment Eliminations. Other revenues, previously reported within Other and Intersegment Eliminations, is now presented within the applicable segments.


⁽²⁾	Total revenues and other excludes gains (losses) on divestitures, net since these gains and losses are excluded from Adjusted EBITDAX.


⁽³⁾	Operating costs and expenses excludes exploration expense, DD&A, impairments, restructuring charges, and certain other operating expenses since these expenses are excluded from Adjusted EBITDAX.

17. Segment Information (Continued)



millions	Exploration & Production			Midstream		Other and Intersegment Eliminations			Total
Six Months Ended June 30, 2017
Sales revenues	$	4,409		$	850	$	58		$	5,317
Intersegment revenues	—			349		(349		)	—
Other ⁽¹⁾	10			87		60			157
Total revenues and other ⁽²⁾	4,419			1,286		(231		)	5,474
Operating costs and expenses ⁽³⁾	1,728			672		146			2,546
Net cash from settlement of commodity derivatives	—			—		(7		)	(7		)
Other (income) expense, net	—			—		(22		)	(22		)
Net income (loss) attributable to noncontrolling interests ⁽¹⁾	—			—		124			124
Total expenses and other	1,728			672		241			2,641
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—			—		(2		)	(2		)
Adjusted EBITDAX	$	2,691		$	614	$	(474	)	$	2,831

Six Months Ended June 30, 2016
Sales revenues	$	3,074		$	494	$	51		$	3,619
Intersegment revenues	—			444		(444		)	—
Other ⁽¹⁾	(15		)	41		46			72
Total revenues and other ⁽²⁾	3,059			979		(347		)	3,691
Operating costs and expenses ⁽³⁾	1,709			430		25			2,164
Net cash from settlement of commodity derivatives	—			—		(163		)	(163		)
Other (income) expense, net	—			—		1			1
Net income (loss) attributable to noncontrolling interests ⁽¹⁾	—			—		117			117
Total expenses and other	1,709			430		(20		)	2,119
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—			—		8			8
Adjusted EBITDAX	$	1,350		$	549	$	(319	)	$	1,580

__________________________________________________________________


⁽¹⁾	Presentation has been adjusted to align with the current analysis of segment performance. Net income (loss) attributable to noncontrolling interests, previously reported within the Midstream segment, is now presented within Other and Intersegment Eliminations. Other revenues, previously reported within Other and Intersegment Eliminations, is now presented within the applicable segments.


⁽²⁾	Total revenues and other excludes gains (losses) on divestitures, net since these gains and losses are excluded from Adjusted EBITDAX.


⁽³⁾	Operating costs and expenses excludes exploration expense, DD&A, impairments, restructuring charges, and certain other operating expenses since these expenses are excluded from Adjusted EBITDAX.