Restructuring Costs

3 Months Ended

Mar. 31, 2022

Restructuring and Related Activities [Abstract]

Restructuring Costs

Restructuring Costs

In connection with the Merger, the Company incurred certain merger-related restructuring costs that are primarily related to workforce reductions and the associated employee severance benefits that were triggered by the Merger. The Company recognized $24 million of restructuring expenses during 2022 related to the accrual of employee-related severance and termination benefits associated with the expected termination of certain Cimarex employees.

The following table summarizes the Company’s restructuring liabilities:

(In millions)	Three Months Ended March 31, 2022
Balance at beginning of period	$	43
Additions related to merger integration	24
Reductions related to merger integration payments	(3)
Balance at end of period	$	64