Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

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

	Year Ended December 31,
	2014		2013		2012
	(In millions)
Oil and gas revenues (1)	$	90	$	823	$	1,005
Operating expenses	69		652		618
Income from discontinued operations	21		171		387
Other income (expense)	—		4		(1		)
Gain on sale of Malaysia business	373		—		—
Income from discontinued operations before income taxes	394		175		386
Income tax provision (benefit):
Current	12		88		179
Deferred	132		13		469
Total income tax provision (benefit)	144		101		648
Income (loss) from discontinued operations, net of tax	$	250	$	74	$	(262	)

________________

(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]

	December 31,
	2013
	(In millions)
Current assets:
Cash and cash equivalents	$	55
Accounts receivable	142
Inventories	121
Other current assets	29
Total current assets	347
Noncurrent assets:
Oil and gas properties, net of accumulated depreciation, depletion and amortization of $1,009 as of December 31, 2013	547
Deferred taxes	19
Other assets	3
Total noncurrent assets	569
Total assets	$	916
Current liabilities:
Accounts payable	$	34
Accrued liabilities	185
Asset retirement obligations	49
Other current liabilities	18
Total current liabilities	286
Noncurrent liabilities:
Asset retirement obligations	84
Deferred taxes	29
Other liabilities	11
Total noncurrent liabilities	124
Total liabilities	$	410

ScheduleOfChangeInAssetRetirementObligationDiscontinued [Table Text Block]

The change in our ARO for our discontinued operations for each of the three years ended December 31, is set forth below:

	2014			2013			2012
	(In millions)
Balance at January 1	$	133		$	40		$	37
Accretion expense	1			3			3
Additions	—			4			4
Revisions	—			101			—
Settlements (1)	(134		)	(15		)	(4		)
Balance at December 31	—			133			40
Less: Current portion of ARO at December 31	—			(49		)	(5		)
Total long-term ARO at December 31	$	—		$	84		$	35

________________

(1) Obligations reduced as a result of the sale of our Malaysia business in February 2014.