Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2017

Fair Value Measurements

Assets and liabilities measured at fair value on a recurring basis

The following tables provide fair value measurement information for such assets and liabilities that are measured on a recurring basis as of March 31, 2017, and December 31, 2016 (in millions):

Fair Value Measurements at March 31, 2017:
Embedded derivatives	Level 1		Level 2		Level 3		Netting and Collateral		Total Fair Value
Liabilities:
Accrued liabilities	$	—	$	53	$	—	$	—	$	53
Deferred credits and liabilities	$	—	$	204	$	—	$	—	$	204

Fair Value Measurements at December 31, 2016:
Embedded derivatives	Level 1		Level 2		Level 3		Netting and Collateral		Total Fair Value
Liabilities:
Accrued liabilities	$	—	$	43	$	—	$	—	$	43
Deferred credits and liabilities	$	—	$	178	$	—	$	—	$	178