Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Other Liabilities Disclosure [Abstract]

Other current liabilities

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

	December 31,
	2020		2019
	($ in millions)
Revenues and royalties due others	$	236	$	516
Accrued drilling and production costs	104		326
Other accrued taxes	82		150
Debt and equity financing fees	69		—
Accrued compensation and benefits	59		156
Operating leases	24		9
Joint interest prepayments received	8		52
VPP deferred revenue(a)	—		55
Other	141		168
Total other current liabilities	$	723	$	1,432

Other long-term liabilities

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

	December 31,
	2020		2019
	($ in millions)
VPP deferred revenue(a)	$	—	$	9
Other	5		116
Total other long-term liabilities	$	5	$	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 were 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. In 2020, we sold the assets related to our remaining VPP and extinguished the liability related to our production volume delivery obligation.