Segment Information (Tables)

9 Months Ended

Sep. 30, 2018

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						Nine Months Ended
	September 30,						September 30,
millions	2018			2017			2018			2017
Income (loss) before income taxes	$	683		$	(1,066	)	$	1,125		$	(1,616	)
Interest expense	240			230			705			682
DD&A	1,130			1,083			3,123			3,235
Exploration expense (1)	118			750			380			2,366
(Gains) losses on divestitures, net	(3		)	194			(31		)	(815		)
Impairments	172			—			319			383
Total (gains) losses on derivatives, net, less net cash from settlement of commodity derivatives	(167		)	98			73			(12		)
Restructuring charges	13			3			13			20
Less net income (loss) attributable to noncontrolling interests	64			58			105			182
Consolidated Adjusted EBITDAX	$	2,122		$	1,234		$	5,602		$	4,061

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⁽¹⁾  Includes restructuring charges of $20 million for the three and nine months ended September 30, 2018.

Schedule of Segment Reporting Information, by Segment

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 September 30, 2018
Sales revenues	$	3,161	$	394	$	39	$	13		$	3,607
Intersegment revenues	25		114		78		(217		)	—
Other	1		52		11		23			87
Total revenues and other (1)	3,187		560		128		(181		)	3,694
Operating costs and expenses (2)	1,059		245		55		(67		)	1,292
Net cash from settlement of commodity derivatives	—		—		—		199			199
Other (income) expense, net (3)	—		—		—		17			17
Net income (loss) attributable to noncontrolling interests	—		—		—		64			64
Total expenses and other	1,059		245		55		213			1,572
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—		—		—		—			—
Adjusted EBITDAX	$	2,128	$	315	$	73	$	(394	)	$	2,122
Three Months Ended September 30, 2017
Sales revenues	$	2,097	$	445	$	53	$	15		$	2,610
Intersegment revenues	4		119		43		(166		)	—
Other	6		39		7		28			80
Total revenues and other (1)	2,107		603		103		(123		)	2,690
Operating costs and expenses (2)	956		345		62		49			1,412
Net cash from settlement of commodity derivatives	—		—		—		(16		)	(16		)
Other (income) expense, net	—		—		—		2			2
Net income (loss) attributable to noncontrolling interests	—		—		—		58			58
Total expenses and other	956		345		62		93			1,456
Adjusted EBITDAX	$	1,151	$	258	$	41	$	(216	)	$	1,234

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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.

⁽³⁾  Other (income) expense, net excludes restructuring charges since these expenses are excluded from Adjusted EBITDAX.

18. Segment Information (Continued)

millions	Exploration & Production			WES Midstream		Other Midstream		Other and Intersegment Eliminations			Total
Nine Months Ended September 30, 2018
Sales revenues	$	8,589		$	1,063	$	73	$	76		$	9,801
Intersegment revenues	49			369		188		(606		)	—
Other	(5		)	113		30		63			201
Total revenues and other (1)	8,633			1,545		291		(467		)	10,002
Operating costs and expenses (2)	2,840			687		134		195			3,856
Net cash from settlement of commodity derivatives	—			—		—		437			437
Other (income) expense, net (3)	—			—		—		9			9
Net income (loss) attributable to noncontrolling interests	—			—		—		105			105
Total expenses and other	2,840			687		134		746			4,407
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—			—		—		7			7
Adjusted EBITDAX	$	5,793		$	858	$	157	$	(1,206	)	$	5,602
Nine Months Ended September 30, 2017
Sales revenues	$	6,500		$	1,213	$	134	$	80		$	7,927
Intersegment revenues	10			387		125		(522		)	—
Other	16			124		20		77			237
Total revenues and other (1)	6,526			1,724		279		(365		)	8,164
Operating costs and expenses (2)	2,679			936		168		135			3,918
Net cash from settlement of commodity derivatives	—			—		—		(23		)	(23		)
Other (income) expense, net	—			—		—		24			24
Net income (loss) attributable to noncontrolling interests	—			—		—		182			182
Total expenses and other	2,679			936		168		318			4,101
Total (gains) losses on derivatives, net included in marketing revenue, less net cash from settlement	—			—		—		(2		)	(2		)
Adjusted EBITDAX	$	3,847		$	788	$	111	$	(685	)	$	4,061

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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.

⁽³⁾  Other (income) expense, net excludes restructuring charges since these expenses are excluded from Adjusted EBITDAX.