Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Schedule of materials and supplies and commodity inventories

The components of inventories are as follows:

	As of December 31,
	2019		2018
	(in millions)
Materials and supplies (a)	$	75	$	128
Commodities	130		114
Total inventories	$	205	$	242

____________________

(a)As of December 31, 2019 and 2018, the Company's materials and supplies inventories were net of valuation allowances of $2 million and $5 million, respectively.

Schedule of other property and equipment, net

Other property and equipment, net. Other property and equipment is recorded at cost. The carrying values of other property and equipment, net of accumulated depreciation of $382 million and $854 million as of December 31, 2019 and 2018, respectively, are as follows:

	As of December 31,
	2019		2018
	(in millions)
Land and buildings (a)	$	877	$	380
Water infrastructure (b)	404		343
Construction-in-progress and capitalized interest (c)	152		311
Information technology	120		143
Transport and field equipment (d)	35		50
Furniture and fixtures	28		15
Proved and unproved sand properties (e)	16		36
Leasehold improvements	—		13
Total other property and equipment, net	$	1,632	$	1,291

____________________

(a)Includes land, buildings, any related improvements to land and buildings, and a finance lease entered into by the Company for its new corporate headquarters in Irving, Texas. See Note 10 for additional information.

(b)Includes costs for pipeline infrastructure and water supply wells.

(c)Includes capitalized costs and capitalized interest on other property and equipment not yet placed in service.

(d)Includes vehicles and well servicing equipment, including pulling units, fracture stimulation tanks, water transport trucks, hot oilers, construction equipment and fishing tools, that are used on Company-operated properties.

(e)Includes sand mines, facilities and unproved leaseholds that primarily provide the Company with proppant for use in the fracture stimulation of oil and gas wells.