Other Expense (Tables)

9 Months Ended

Sep. 30, 2022

Other Income and Expenses [Abstract]

Schedule of components of other expense

The components of other expense are as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(in millions)
Loss on early extinguishment of debt, net (Note 7)	$	—	$	—	$	47	$	2
Unoccupied facility expense (a)	8		10		27		26
Idle frac equipment charges (b)	5		—		19		5
Transportation commitment charges (c)	3		5		8		15
Parsley Acquisition transaction costs (d)	—		3		—		209
DoublePoint Acquisition transaction costs (e)	—		5		—		32
Winter Storm Uri gas commitments (f)	—		—		—		80
Vertical integration services (income) loss (g)	—		2		(5)		(4)
South Texas deficiency fee obligation (h)	(1)		—		(18)		—
Other	21		9		40		19
	$	36	$	34	$	118	$	384

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(a)Primarily represents facilities expense associated with certain acquired Parsley offices that are no longer occupied by the Company.

(b)Includes idle frac equipment fees and frac reservation fees.

(c)Primarily represents firm transportation charges on excess pipeline capacity commitments.

(d)Represents costs associated with the Parsley Acquisition, which includes $90 million of employee-related costs and $119 million of transaction-related fees during the nine months ended September 30, 2021 and $3 million of transaction-related fees during the three months ended September 30, 2021. See Note 3 for additional information.

(e)Represents transaction costs associated with the DoublePoint Acquisition. See Note 3 for additional information.

(f)Represents costs related to the Company's fulfillment of certain firm gas commitments during Winter Storm Uri in February 2021.

(g)Represents net margins (attributable to third party working interest owners) that result from Company-provided vertically integrated services, which are ancillary to and supportive of the Company's oil and gas joint operating activities, and do not represent intercompany transactions.The components of the vertical integration services net margins are as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(in millions)
Gross revenues	$	7	$	9	$	30	$	32
Gross costs and expenses	$	7	$	11	$	25	$	28

(h)Represents a decrease of $17 million in the Company's 2022 forecasted MVC deficiency fee obligation associated with the South Texas Divestiture and a $1 million increase in the associated 2022 forecasted MVC deficiency fee receivable. See Note 10 for additional information.