Equity (Note)

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Stockholders' Equity Note Disclosure

Equity

Common Stock

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

	Three Months Ended March 31,
	2016	2015
	(in thousands)
Shares issued as of January 1	664,796	664,944
Exchange of convertible notes	14,699	—
Exchange of senior notes	2,556	—
Conversion of preferred stock	1,022	—
Restricted stock issuances (net of forfeitures and cancellations)	1,488	151
Stock option exercises	—	14
Shares issued as of March 31	684,561	665,109

Preferred Stock

Outstanding shares of our preferred stock for the Current Quarter and the Prior Quarter are detailed below.

	5.75%		5.75% (A)		4.50%	5.00% (2005B)
	(in thousands)
Shares outstanding as of January 1, 2016	1,497		1,100		2,559	2,096
Preferred stock conversions(a)	(25	)	(1	)	—	—
Shares outstanding as of March 31, 2016	1,472		1,099		2,559	2,096
Shares outstanding as of January 1, 2015 and March 31, 2015	1,497		1,100		2,559	2,096

____________________________________________

(a) In the Current Quarter, holders of our 5.75% Cumulative Convertible Preferred Stock converted 24,601 shares into 975,488 shares of common stock. Also, in the Current Quarter, holders of our 5.75% (Series A) Cumulative Convertible Preferred Stock converted 1,201 shares into 46,018 shares of common stock.

Dividends

In January 2016, we announced that we were suspending dividend payments on each series of our outstanding convertible preferred stock. Suspension of the dividends did not constitute an event of default under our revolving credit facility or bond indentures. Our preferred stock dividends in arrears for the Current Quarter are detailed below.

	5.75%		5.75% (A)		4.50%		5.00% (2005B)
	($ in millions)
Dividends in arrears	$	21	$	16	$	3	$	3

Accumulated Other Comprehensive Income (Loss)

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

	Cash Flow Hedges			Net Change
	($ in millions)
Balance, December 31, 2015	$	(99	)	$	(99	)
Other comprehensive income before reclassifications	(4		)	(4		)
Amounts reclassified from accumulated other comprehensive income	4			4
Net other comprehensive income	—			—
Balance, March 31, 2016	$	(99	)	$	(99	)
Balance, December 31, 2014	$	(143	)	$	(143	)
Other comprehensive income before reclassifications	(1		)	(1		)
Amounts reclassified from accumulated other comprehensive income	10			10
Net other comprehensive income	9			9
Balance, March 31, 2015	$	(134	)	$	(134	)

For the Current Quarter and the Prior Quarter, 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 March 31, 2016
Net losses on cash flow hedges:
Commodity contracts	Oil, natural gas and NGL revenues	$	4
Total reclassifications for the period, net of tax		$	4
Three Months Ended March 31, 2015
Net losses on cash flow hedges:
Commodity contracts	Oil, natural gas and NGL revenues	$	10
Total reclassifications for the period, net of tax		$	10