Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of materials and supplies and commodity inventories

The components of inventories are as follows:

	As of December 31,
	2021		2020
	(in millions)
Materials and supplies	$	99	$	75
Commodities	270		149
Total inventories	$	369	$	224

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 $313 million and $463 million as of December 31, 2021 and 2020, respectively, are as follows:

	As of December 31,
	2021		2020
	(in millions)
Land and buildings (a)	$	889	$	849
Water infrastructure (b)	646		414
Information technology	54		71
Construction-in-progress (c)	46		174
Furniture and fixtures	24		27
Transport and field equipment (d)	21		34
Sand reserves	14		15
Total other property and equipment, net	$	1,694	$	1,584

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(a)Includes land, buildings, any related improvements to land and buildings, and a finance lease entered into by the Company for its 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, used on Company-operated properties. The Company sold its well servicing equipment in March 2021.