Segment Information (Tables)

9 Months Ended

Sep. 30, 2017

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	2017			2016			2017			2016
Income (loss) before income taxes	$	(1,066	)	$	(1,007	)	$	(1,616	)	$	(3,313	)
Interest expense	230			220			680			657
DD&A	1,083			1,069			3,235			3,202
Exploration expense	751			304			2,371			506
(Gains) losses on divestitures, net	194			414			(815		)	516
Impairments	—			27			383			61
Total (gains) losses on derivatives, net, less net cash from settlement of commodity derivatives	98			88			(12		)	863
Restructuring charges	3			112			20			363
Other operating expense	—			—			—			1
Loss on early extinguishment of debt	—			—			2			124
Certain other nonoperating items	—			—			—			(56		)
Less net income (loss) attributable to noncontrolling interests	58			83			182			200
Consolidated Adjusted EBITDAX	$	1,235		$	1,144		$	4,066		$	2,724

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



millions	Exploration & Production			Midstream		Other and Intersegment Eliminations			Total
Three Months Ended September 30, 2017
Sales revenues	$	2,101		$	496	$	13		$	2,610
Intersegment revenues	—			158		(158		)	—
Other ⁽¹⁾	6			39		35			80
Total revenues and other ⁽²⁾	2,107			693		(110		)	2,690
Operating costs and expenses ⁽³⁾	959			391		84			1,434
Net cash from settlement of commodity derivatives	—			—		(16		)	(16		)
Other (income) expense, net	—			—		(21		)	(21		)
Net income (loss) attributable to noncontrolling interests⁽¹⁾	—			—		58			58
Total expenses and other	959			391		105			1,455
Adjusted EBITDAX	$	1,148		$	302	$	(215	)	$	1,235

Three Months Ended September 30, 2016
Sales revenues	$	1,901		$	329	$	21		$	2,251
Intersegment revenues	—			227		(227		)	—
Other ⁽¹⁾	(2		)	35		23			56
Total revenues and other ⁽²⁾	1,899			591		(183		)	2,307
Operating costs and expenses ⁽³⁾	877			284		13			1,174
Net cash from settlement of commodity derivatives	—			—		(63		)	(63		)
Other (income) expense, net	—			—		(31		)	(31		)
Net income (loss) attributable to noncontrolling interests⁽¹⁾	—			—		83			83
Total expenses and other	877			284		2			1,163
Adjusted EBITDAX	$	1,022		$	307	$	(185	)	$	1,144

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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
Nine Months Ended September 30, 2017
Sales revenues	$	6,510		$	1,346	$	71		$	7,927
Intersegment revenues	—			507		(507		)	—
Other ⁽¹⁾	16			126		95			237
Total revenues and other ⁽²⁾	6,526			1,979		(341		)	8,164
Operating costs and expenses ⁽³⁾	2,687			1,063		230			3,980
Net cash from settlement of commodity derivatives	—			—		(23		)	(23		)
Other (income) expense, net	—			—		(43		)	(43		)
Net income (loss) attributable to noncontrolling interests⁽¹⁾	—			—		182			182
Total expenses and other	2,687			1,063		346			4,096
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—			—		(2		)	(2		)
Adjusted EBITDAX	$	3,839		$	916	$	(689	)	$	4,066

Nine Months Ended September 30, 2016
Sales revenues	$	4,975		$	823	$	72		$	5,870
Intersegment revenues	—			671		(671		)	—
Other ⁽¹⁾	(17		)	76		69			128
Total revenues and other ⁽²⁾	4,958			1,570		(530		)	5,998
Operating costs and expenses ⁽³⁾	2,586			714		38			3,338
Net cash from settlement of commodity derivatives	—			—		(226		)	(226		)
Other (income) expense, net	—			—		(30		)	(30		)
Net income (loss) attributable to noncontrolling interests ⁽¹⁾	—			—		200			200
Total expenses and other	2,586			714		(18		)	3,282
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—			—		8			8
Adjusted EBITDAX	$	2,372		$	856	$	(504	)	$	2,724

__________________________________________________________________


⁽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.