Restructuring Costs

9 Months Ended

Sep. 30, 2022

Restructuring and Related Activities [Abstract]

Restructuring Costs

Restructuring CostsIn 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 $44 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)	Nine Months Ended September 30, 2022
Balance at beginning of period	$	43
Additions to merger-related restructuring costs	44
Payments of merger-related restructuring costs	(13)
Balance at end of period	$	74