Other Liabilities (Tables)

3 Months Ended

Mar. 31, 2020

Other Liabilities Disclosure [Abstract]

Other current liabilities as of March 31, 2020 and December 31, 2019 are detailed below:



	March 31, 2020		December 31, 2019
	($ in millions)
Revenues and royalties due others	$	396	$	516
Accrued drilling and production costs	260		326
Joint interest prepayments received	57		52
VPP deferred revenue^(a)	50		55
Accrued compensation and benefits^(b)	56		156
Other accrued taxes	132		150
Other	201		177
Total other current liabilities	$	1,152	$	1,432

Other long-term liabilities

Other long-term liabilities as of March 31, 2020 and December 31, 2019 are detailed below:



	March 31, 2020		December 31, 2019
	($ in millions)
VPP deferred revenue^(a)	$	—	$	9
Other	81		116
Total other long-term liabilities	$	81	$	125

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(a)

At the inception of our volumetric production payment (VPP) agreements, we (i) removed the proved reserves associated with the VPP, (ii) recognized VPP proceeds as deferred revenue which are being amortized on a unit-of-production basis to other revenue over the term of the VPP, (iii) retained responsibility for the production costs and capital costs related to VPP interests and (iv) ceased recognizing production associated with the VPP volumes. The remaining deferred revenue balance will be recognized in other revenues in the consolidated statement of operations through 2021, assuming the related VPP production volumes are delivered as scheduled.

(b)

In the Current Quarter, we terminated our nonqualified deferred compensation plan. Accordingly, we derecognized the asset associated with the plan after the participants’ investments were liquidated. The cash was distributed to the participants and we extinguished the corresponding $43 million accrued liability.