Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]



	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014		2013
	(In millions)
Oil and gas revenues⁽¹⁾	$	—		$	189		$	112	$	659
Operating expenses	2			128			83		501
Income (loss) from discontinued operations	(2		)	61			29		158
Other income (expense)	—			(1		)	—		(2		)
Gain on sale of Malaysia business	—			—			388		—
Income (loss) from discontinued operations before income taxes	(2		)	60			417		156
Income tax provision (benefit):
Current	(1		)	10			13		65
Deferred	—			19			144		38
Total income tax provision (benefit)	(1		)	29			157		103
Income (loss) from discontinued operations, net of tax	$	(1	)	$	31		$	260	$	53

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(1)	Certain payments to foreign governments made on our behalf that are part of the revenue process are recorded as a reduction of the related oil and gas revenues.

Schedule of Disposal Groups, Including Discontinued Operations, Balance Sheet [Table Text Block]



	September 30,		December 31,
	2014		2013
	(In millions)
Current assets:
Cash and cash equivalents	$	27	$	84
Accounts receivable	89		200
Inventories	14		130
Other current assets	5		33
Total current assets	135		447
Noncurrent assets:
Oil and gas properties, net of accumulated depreciation, depletion and amortization of $118 and $1,121 as of September 30, 2014 and December 31, 2013, respectively	540		989
Deferred taxes	—		19
Other assets	1		4
Total noncurrent assets	541		1,012
Total assets	$	676	$	1,459

Current liabilities:
Accounts payable	$	3	$	38
Accrued liabilities	202		324
Asset retirement obligations	—		49
Other current liabilities	—		18
Total current liabilities	205		429
Noncurrent liabilities:
Asset retirement obligations	2		86
Deferred taxes	104		129
Other liabilities	—		11
Total noncurrent liabilities	106		226
Total liabilities	$	311	$	655

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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