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Revenue from Contracts with Customers (Tables)
 12 Months Ended
Dec. 31, 2018
Revenue from Contract with Customer [Abstract]  
Schedule of Impact of New Accounting Pronouncements
The following tables summarize the impacts of adopting Topic 606 on the Company’s consolidated financial statements:
CONSOLIDATED BALANCE SHEET
Impact of Change in Accounting Policy
millions
As Reported

Without Adoption of Topic 606
 
Effect of Change
Increase/(Decrease)
 
December 31, 2018
 
 
 
 
 
Assets
 
 
 
 
 
Other current assets
$
474

 
$
472

 
$
2

Net properties and equipment
28,615

 
28,548

 
67

Other assets
2,336

 
2,326

 
10

Liabilities
 
 
 
 
 
Other current liabilities
1,295

 
1,290

 
5

Deferred income taxes
2,437

 
2,441

 
(4
)
Other
4,021

 
3,914

 
107

Equity
 
 
 
 
 
Total equity
10,943

 
10,972

 
(29
)

2. Revenue from Contracts with Customers (Continued)
CONSOLIDATED STATEMENT OF INCOME
Impact of Change in Accounting Policy
millions
As Reported

Without Adoption of Topic 606
 
Effect of Change
Increase/(Decrease)
 
Year Ended December 31, 2018
 
 
 
 
 
Revenues
 
 
 
 
 
Gathering, processing, and marketing sales
$
1,588

 
$
2,592

 
$
(1,004
)
Gains (losses) on divestitures and other, net
312

 
316

 
(4
)
Expenses
 
 
 
 
 
Gathering, processing, and marketing
1,047

 
2,075

 
(1,028
)
Income tax expense (benefit)
733

 
731

 
2

Net income (loss) attributable to noncontrolling interests
137

 
127

 
10

Net Income (Loss) Attributable to Common Stockholders
$
615

 
$
607

 
$
8
Schedule of Disaggregation of Revenue
The following table disaggregates revenue by significant product type and segment:
millions
Exploration
& Production
 
WES Midstream
 
Other and
Intersegment
Eliminations
 
 
Total

Year Ended December 31, 2018
 
 
 
 
 
 
 
 
Oil sales
 
$
9,206

 
$
—

 
$
—

 
$
9,206

Natural-gas sales
 
1,005

 
—

 
—

 
1,005

Natural-gas liquids sales
 
1,271

 
—

 
—

 
1,271

Gathering, processing, and marketing sales(1)
 
3

 
2,305

 
126

 
2,434

Other, net
 
30

 
—

 
98

 
128

Total Revenue from Customers
 
$
11,515

 
$
2,305

 
$
224

 
$
14,044

Gathering, processing, and marketing sales(2)
 
—

 
(5
)
 
(841
)
 
(846
)
Gains (losses) on divestitures, net
 
20

 
—

 
—

 
20

Other, net
 
(34
)
 
211

 
(13
)
 
164

Total Revenue from Other than Customers
 
$
(14
)
 
$
206

 
$
(854
)
 
$
(662
)
Total Revenue and Other
 
$
11,501

 
$
2,511

 
$
(630
)
 
$
13,382

(1) 
The amount in Other and Intersegment Eliminations primarily represents sales of third-party natural gas and NGLs of $957 million and intersegment eliminations of $(772) million for the year ended December 31, 2018.
(2) 
The amount in Other and Intersegment Eliminations primarily represents purchases of third-party natural gas and NGLs. Although these purchases are reported net in gathering, processing, and marketing sales in the Company’s Consolidated Statements of Income, they are shown separately on this table as the purchases are not considered revenue from customers.
Schedule of Contract with Customer Liabilities Activity
The following table summarizes the current period activity related to contract liabilities from contracts with customers:
millions
 
Balance at December 31, 2017
$
37

Increase due to cumulative effect of adopting Topic 606
98

Increase due to cash received, excluding revenues recognized in the period
66

Increase due to assets received from customer
13

Decrease due to revenue recognized
(42
)
Decrease due to change in estimated consideration
(22
)
Balance at December 31, 2018
$
150

 
 
Contract liabilities at December 31, 2018
 
Other current liabilities
$
31

Other long-term liabilities - other
119

Total contract liabilities from contracts with customers
$
150
Schedule of Expected Revenue Recognition from Satisfaction of Performance Obligations
Therefore, the following table represents only a small portion of Anadarko’s expected future consolidated revenues as future revenue from the sale of most products and services is dependent on future production or variable customer volume and variable commodity prices for this volume.
millions
Exploration
& Production
 
WES Midstream
 
Other and
Intersegment
Eliminations
 
Total
 
2019
 
$
104

 
$
675

 
$
(433
)
 
$
346

2020
 
103

 
847

 
(614
)
 
336

2021
 
103

 
895

 
(681
)
 
317

2022
 
7

 
947

 
(740
)
 
214

2023
 
7

 
913

 
(750
)
 
170

Thereafter
 
58

 
4,565

 
(4,077
)
 
546

Total
 
$
382

 
$
8,842

 
$
(7,295
)
 
$
1,929