Segment Information (Tables)

6 Months Ended

Jun. 30, 2018

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



	Three Months Ended						Six Months Ended
	June 30,						June 30,
millions	2018			2017			2018			2017
Income (loss) before income taxes	$	142		$	(372	)	$	442		$	(550	)
Interest expense	237			229			465			452
DD&A	1,003			1,037			1,993			2,152
Exploration expense	94			532			262			1,616
(Gains) losses on divestitures, net	(52		)	(205		)	(28		)	(1,009		)
Impairments	128			10			147			383
Total (gains) losses on derivatives, net, less net cash from settlement of commodity derivatives	267			45			240			(110		)
Restructuring charges	—			18			—			17
Less net income (loss) attributable to noncontrolling interests	(12		)	81			41			124
Consolidated Adjusted EBITDAX	$	1,831		$	1,213		$	3,480		$	2,827

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



millions	Exploration & Production		WES Midstream		Other Midstream		Other and Intersegment Eliminations			Total
Three Months Ended June 30, 2018
Sales revenues	$	2,772	$	308	$	49	$	39		$	3,168
Intersegment revenues	14		128		58		(200		)	—
Other	3		32		9		27			71
Total revenues and other ⁽¹⁾	2,789		468		116		(134		)	3,239
Operating costs and expenses ⁽²⁾	905		196		77		69			1,247
Net cash from settlement of commodity derivatives	—		—		—		170			170
Other (income) expense, net	—		—		—		4			4
Net income (loss) attributable to noncontrolling interests	—		—		—		(12		)	(12		)
Total expenses and other	905		196		77		231			1,409
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—		—		—		1			1
Adjusted EBITDAX	$	1,884	$	272	$	39	$	(364	)	$	1,831

Three Months Ended June 30, 2017
Sales revenues	$	1,952	$	402	$	45	$	20		$	2,419
Intersegment revenues	3		117		40		(160		)	—
Other	8		55		7		22			92
Total revenues and other ⁽¹⁾	1,963		574		92		(118		)	2,511
Operating costs and expenses ⁽²⁾	800		299		56		55			1,210
Net cash from settlement of commodity derivatives	—		—		—		(13		)	(13		)
Other (income) expense, net	—		—		—		20			20
Net income (loss) attributable to noncontrolling interests	—		—		—		81			81
Total expenses and other	800		299		56		143			1,298
Adjusted EBITDAX	$	1,163	$	275	$	36	$	(261	)	$	1,213

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⁽¹⁾	Total revenues and other excludes gains (losses) on divestitures, net since these gains and losses are excluded from Adjusted EBITDAX.


⁽²⁾	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.

18. Segment Information (Continued)



millions	Exploration & Production			WES Midstream		Other Midstream		Other and Intersegment Eliminations			Total
Six Months Ended June 30, 2018
Sales revenues	$	5,428		$	618	$	85	$	63		$	6,194
Intersegment revenues	24			255		110		(389		)	—
Other	(6		)	61		19		40			114
Total revenues and other ⁽¹⁾	5,446			934		214		(286		)	6,308
Operating costs and expenses ⁽²⁾	1,781			390		131		262			2,564
Net cash from settlement of commodity derivatives	—			—		—		238			238
Other (income) expense, net	—			—		—		(8		)	(8		)
Net income (loss) attributable to noncontrolling interests	—			—		—		41			41
Total expenses and other	1,781			390		131		533			2,835
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—			—		—		7			7
Adjusted EBITDAX	$	3,665		$	544	$	83	$	(812	)	$	3,480

Six Months Ended June 30, 2017
Sales revenues	$	4,403		$	768	$	81	$	65		$	5,317
Intersegment revenues	6			268		82		(356		)	—
Other	10			85		13		49			157
Total revenues and other ⁽¹⁾	4,419			1,121		176		(242		)	5,474
Operating costs and expenses ⁽²⁾	1,723			591		106		86			2,506
Net cash from settlement of commodity derivatives	—			—		—		(7		)	(7		)
Other (income) expense, net	—			—		—		22			22
Net income (loss) attributable to noncontrolling interests	—			—		—		124			124
Total expenses and other	1,723			591		106		225			2,645
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—			—		—		(2		)	(2		)
Adjusted EBITDAX	$	2,696		$	530	$	70	$	(469	)	$	2,827

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⁽¹⁾	Total revenues and other excludes gains (losses) on divestitures, net since these gains and losses are excluded from Adjusted EBITDAX.


⁽²⁾	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.