Other Liabilities (Tables)

6 Months Ended

Jun. 30, 2018

Other Liabilities Disclosure [Abstract]

Other current liabilities as of June 30, 2018 and December 31, 2017 are detailed below:



	June 30, 2018		December 31, 2017
	($ in millions)
Revenues and royalties due others	$	488	$	612
Accrued drilling and production costs	261		216
Joint interest prepayments received	81		74
Accrued compensation and benefits	156		214
Other accrued taxes	104		43
Other	187		296
Total other current liabilities	$	1,277	$	1,455

Other long-term liabilities

Other long-term liabilities as of June 30, 2018 and December 31, 2017 are detailed below:



	June 30, 2018		December 31, 2017
	($ in millions)
CHK Utica ORRI conveyance obligation^(a)	$	—	$	156
Unrecognized tax benefits	81		101
Other	96		97
Total other long-term liabilities	$	177	$	354

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(a)

In the Current Quarter, we repurchased previously conveyed overriding royalty interests (ORRI) from the CHK Utica, L.L.C. investors and extinguished our obligation to convey future ORRIs to the CHK Utica, L.L.C. investors for combined consideration of $199 million. The total CHK Utica ORRI conveyance obligation extinguished in the Current Quarter was $183 million, of which, $30 million was recorded in current liabilities and $153 million was recorded in long-term liabilities. The fair value of the consideration allocated to the extinguishment of liability, $122 million, was less than the carrying amount of the conveyance obligation and resulted in a gain of $61 million recognized in other income on our condensed consolidated statement of operations. The fair value of the consideration allocated to the purchase of ORRIs on proved producing properties was $77 million and recorded in proved oil and natural gas properties in our condensed consolidated balance sheet.