Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2018

Revenue from Contract with Customer [Abstract]

Adoption of new revenue standard

In accordance with the new revenue standard requirements, the disclosure of the impact of adoption on our condensed consolidated balance sheet and condensed consolidated statement of operations was as follows:

	Before adoption of ASC 606			Adjustments			As Reported
				($ in millions)
Balance Sheet as of March 31, 2018
Other current liabilities	$	1,355		$	2		$	1,357
Other long-term liabilities	$	339		$	6		$	345
Accumulated deficit	$	(16,232	)	$	(8	)	$	(16,240	)
Statement of Operations for the Three Months Ended March 31, 2018
Marketing revenues	$	1,361		$	(115	)	$	1,246
Marketing operating expenses	$	1,383		$	(115	)	$	1,268

Disaggregation of revenue

The following table shows revenue disaggregated by operating area and product type, for the Current Quarter:

	Three Months Ended March 31, 2018
	Oil			Natural Gas			NGL		Total
	($ in millions)
Marcellus	$	—		$	294		$	—	$	294
Haynesville	—			210			—		210
Eagle Ford	364			42			40		446
Utica	60			116			52		228
Mid-Continent	73			32			17		122
Powder River Basin	40			12			8		60
Revenue from contracts with customers	537			706			117		1,360
Gains (losses) on oil, natural gas and NGL derivatives	(86		)	(32		)	1		(117		)
Oil, natural gas and NGL revenue	$	451		$	674		$	118	$	1,243
Marketing revenue from contracts with customers	$	686		$	293		$	110	$	1,089
Other marketing revenue	117			40			—		157
Marketing revenue	$	803		$	333		$	110	$	1,246

Accounts receivable

Accounts receivable as of March 31, 2018 and December 31, 2017 are detailed below:

	March 31, 2018			December 31, 2017
	($ in millions)
Oil, natural gas and NGL sales	$	829		$	959
Joint interest	166			209
Other	101			184
Allowance for doubtful accounts	(14		)	(30		)
Total accounts receivable, net	$	1,082		$	1,322