Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 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 statements of operations was as follows:

	Before adoption of ASC 606		Adjustments			As Reported
			($ in millions)
Statement of Operations for the Three Months Ended September 30, 2018
Marketing revenues	$	1,508	$	(289	)	$	1,219
Marketing operating expenses	$	1,516	$	(278	)	$	1,238
Statement of Operations for the Nine Months Ended September 30, 2018
Marketing revenues	$	4,320	$	(582	)	$	3,738
Marketing operating expenses	$	4,365	$	(567	)	$	3,798

Disaggregation of revenue

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

	Three Months Ended September 30, 2018
	Oil			Natural Gas			NGL			Total
	($ in millions)
Marcellus	$	—		$	184		$	—		$	184
Haynesville	—			195			—			195
Eagle Ford	399			36			58			493
Utica	59			131			76			266
Mid-Continent	58			15			12			85
Powder River Basin	78			17			13			108
Revenue from contracts with customers	594			578			159			1,331
Losses on oil, natural gas and NGL derivatives	(100		)	(18		)	(14		)	(132		)
Oil, natural gas and NGL revenue	$	494		$	560		$	145		$	1,199
Marketing revenue from contracts with customers	$	707		$	211		$	112		$	1,030
Other marketing revenue	119			70			—			189
Marketing revenue	$	826		$	281		$	112		$	1,219
	Nine Months Ended September 30, 2018
	Oil			Natural Gas			NGL			Total
	($ in millions)
Marcellus	$	—		$	646		$	—		$	646
Haynesville	2			603			—			605
Eagle Ford	1,148			120			143			1,411
Utica	179			350			189			718
Mid-Continent	196			63			42			301
Powder River Basin	173			40			30			243
Revenue from contracts with customers	1,698			1,822			404			3,924
Losses on oil, natural gas and NGL derivatives	(388		)	(85		)	(27		)	(500		)
Oil, natural gas and NGL revenue	$	1,310		$	1,737		$	377		$	3,424
Marketing revenue from contracts with customers	$	2,125		$	733		$	324		$	3,182
Other marketing revenue	381			175			—			556
Marketing revenue	$	2,506		$	908		$	324		$	3,738

Accounts receivable

Accounts receivable as of September 30, 2018 and December 31, 2017 are detailed below:

	September 30, 2018			December 31, 2017
	($ in millions)
Oil, natural gas and NGL sales	$	829		$	959
Joint interest	160			209
Other	78			184
Allowance for doubtful accounts	(16		)	(30		)
Total accounts receivable, net	$	1,051		$	1,322