Acquisitions and Divestitures (Tables)

3 Months Ended

Mar. 31, 2014

Discontinued Operations Assets and Liabilities Included in Assets Held for Sale [Abstract]

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

The following table represents the components of the Company's discontinued operations for the three months ended March 31, 2014 and 2013:



		Three Months Ended March 31,
		2014			2013
	(in millions)
Revenues and other income:
Oil and gas		$	68		$	60
Interest and other (a)		29			19
		97			79
Costs and expenses:
Oil and gas production		18			20
Production and ad valorem taxes		3			3
Depletion, depreciation and amortization		—			19
Impairment of oil and gas properties		111			—
Exploration and abandonments		1			10
General and administrative		2			2
Other		3			—
		138			54
Income (loss) from discontinued operations before income taxes		(41		)	25
Current tax provision		—			(1		)
Deferred tax (provision) benefit		15			(8		)
Income (loss) from discontinued operations		$	(26	)	$	16

____________________


(a)	Primarily comprised of cash received associated with Alaskan Petroleum Production Tax ("PPT") credits on qualifying capital expenditures.

Discontinued Operations Assets and Liabilities Included in Assets and Liabilities Held for Sale [Table Text Block]

The carrying values of the Company's ownership in Pioneer Alaska and the Barnett Shale field as of March 31, 2014, and the carrying values of the Company's ownership in Pioneer Alaska, the Barnett Shale field and Sendero as of December 31, 2013, were included in assets and liabilities held for sale in the accompanying consolidated balance sheet and were comprised of the following:



	March 31, 2014		December 31, 2013
	(in millions)
Composition of assets included in assets held for sale:
Current assets	$	76	$	58
Property, plant and equipment	478		526
Total assets	$	554	$	584

Composition of liabilities included in liabilities held for sale:
Current liabilities	$	79	$	29
Other liabilities	14		10
Total liabilities	$	93	$	39

- 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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