Accounting Standards Accounting Standards (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The following tables summarize the impacts of adopting this standard on our historical consolidated income statement for the three and six months period ended June 30, 2017.



	Three Months Ended June 30, 2017
(In millions)	Previously Reported			As reclassified			Effect of Change Higher/(Lower)
Production	$	176		$	178		$	2
Exploration	30			30			—
General and administrative	93			90			(3		)
Income (loss) from operations	(26		)	(25		)	1
Other net periodic benefit costs ^(a)	—			1			1



	Six Months Ended June 30, 2017
(In millions)	Previously Reported		As reclassified		Effect of Change Higher/(Lower)
Production	$	327	$	331	$	4
Exploration	58		58		—
General and administrative	202		187		(15		)
Income from operations	36		47		11
Other net periodic benefit costs ^(a)	—		11		11

^(a)Includes net settlement loss and other net periodic benefit costs, excluding service costs (See Note 16).

The following tables summarize the impacts of adopting the new revenue standard on our consolidated income statement for the three and six months period ended June 30, 2018.



	Three Months Ended June 30, 2018
(In millions)	As reported		Adjustments			Presentation without adoption of ASC Topic 606
Revenues and other income:
Revenues from contracts with customers	$	1,447	$	—		$	1,447
Marketing revenues	—		43			43
Other income	12		(1		)	11
Costs and expenses:
Marketing, including purchases from related parties	$	—	$	44		$	44
Shipping, handling and other operating	126		(2		)	124



	Six Months Ended June 30, 2018
(In millions)	As reported		Adjustments			Presentation without adoption of ASC Topic 606
Revenues and other income:
Revenues from contracts with customers	$	2,984	$	(2	)	$	2,982
Marketing revenues	—		75			75
Other income	16		(2		)	14
Costs and expenses:
Marketing, including purchases from related parties	$	—	$	76		$	76
Shipping, handling and other operating	256		(5		)	251