Equity (Tables)

9 Months Ended

Sep. 30, 2015

Equity [Abstract]

Common Stock

The following is a summary of the changes in our common shares issued for the Current Period and the Prior Period:

	Nine Months Ended September 30,
	2015	2014
	(in thousands)
Shares issued as of January 1	664,944	666,192
Restricted stock issuances (net of forfeitures and cancellations)(a)	85	(2,413	)
Stock option exercises	14	1,267
Shares issued as of September 30	665,043	665,046

___________________________________________

(a) The Prior Period reflects forfeitures upon the June 2014 spin-off of our oilfield services business.

Schedule of Stock by Class

The following reflects the shares outstanding of our preferred stock for the Current Period and the Prior Period:

	5.75%	5.75% (A)	4.50%	5.00% (2005B)
	(in thousands)
Shares outstanding as of January 1, 2015 and 2014 and shares outstanding as of September 30, 2015 and 2014	1,497	1,100	2,559	2,096

Schedule of Accumulated Other Comprehensive Income (Loss)

For the Current Period and the Prior Period, changes in accumulated other comprehensive income (loss) by component, net of tax, are detailed below.

	Cash Flow Hedges			Investments			Net Change
	($ in millions)
Balance, December 31, 2014	$	(143	)	$	—		$	(143	)
Other comprehensive income before reclassifications	6			—			6
Amounts reclassified from accumulated other comprehensive income	18			—			18
Net other comprehensive income	24			—			24
Balance, September 30, 2015	$	(119	)	$	—		$	(119	)
Balance, December 31, 2013	$	(167	)	$	5		$	(162	)
Other comprehensive income before reclassifications	3			—			3
Amounts reclassified from accumulated other comprehensive income	13			(5		)	8
Net other comprehensive income	16			(5		)	11
Balance, September 30, 2014	$	(151	)	$	—		$	(151	)

Reclassification out of Accumulated Other Comprehensive Income

For the Current Quarter, the Prior Quarter, the Current Period and the Prior Period, amounts reclassified from accumulated other comprehensive income (loss), net of tax, into the condensed consolidated statements of operations are detailed below.

Details About Accumulated Other Comprehensive Income (Loss) Components	Affected Line Item in the Statement Where Net Income is Presented	Amounts Reclassified
		($ in millions)
Three Months Ended September 30, 2015
Net losses on cash flow hedges:
Commodity contracts	Oil, natural gas and NGL revenues	$	5
Total reclassifications for the period, net of tax		$	5
Three Months Ended September 30, 2014
Net losses on cash flow hedges:
Commodity contracts	Oil, natural gas and NGL revenues	$	3
Total reclassifications for the period, net of tax		$	3
Nine Months Ended September 30, 2015
Net losses on cash flow hedges:
Commodity contracts	Oil, natural gas and NGL revenues	$	18
Total reclassifications for the period, net of tax		$	18
Nine Months Ended September 30, 2014
Net losses on cash flow hedges:
Commodity contracts	Oil, natural gas and NGL revenues	$	13
Investments:
Sale of investment	Net gain on sale of investment	(5		)
Total reclassifications for the period, net of tax		$	8

Distributions Made to Limited Partner, by Distribution

For the Current Period and the Prior Period, the Trust declared and paid the following distributions:

Production Period	Distribution Date	Cash Distribution per Common Unit		Cash Distribution per Subordinated Unit
March 2015 – May 2015	August 31, 2015	$	0.3579	$	—
December 2014 – February 2015	June 1, 2015	$	0.3899	$	—
September 2014 – November 2014	March 2, 2015	$	0.4496	$	—
March 2014 – May 2014	August 29, 2014	$	0.5796	$	—
December 2013 – February 2014	May 30, 2014	$	0.6454	$	—
September 2013 – November 2013	March 3, 2014	$	0.6624	$	—