- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References+ Details

Asset Acquisitions, Dispositions and Other (Details) (USD $)	1 Months Ended	9 Months Ended	1 Months Ended			1 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Aug. 31, 2014 Credit Facility	Sep. 30, 2014 Credit Facility	Jul. 31, 2014 Credit Facility	Apr. 30, 2014 Hugoton Field operations	Feb. 28, 2014 Hugoton Field operations	Sep. 30, 2014 Hugoton Field operations
Acquisitions, dispositions and other transactions
Amount borrowed in commercial paper for short-term cash needs	$ 1,600,000,000	$ 1,599,000,000
Term of bank credit facility			5 years
Amount of bank credit facility			2,000,000,000		2,000,000,000
Amount outstanding under the credit facility				0
Agreed value of proceeds from sale of assets							1,400,000,000
Pre-tax proceeds from sale of assets						1,300,000,000
Pre-tax gain on sale of property		532,000,000						532,000,000
Gain on sale of property, after tax								$ 339,000,000