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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]  
Summary of Financial Information for Joint Ventures

The following tables present summarized financial information for these joint ventures:

 

Year Ended December 31     2014   2013  

 

 
(In millions)            

Total assets

$         1,231    $         1,336         

Total liabilities

  1,025      954         
Year Ended December 31 2014   2013   2012  

 

 

Revenues

$         491    $ 349    $ 294         

Net income

  32      7      32         
Schedule of Life Settlement Contracts Fair Value Method

The following table details the values for life settlement contracts. The determination of fair value is discussed in Note 4.

 

  Number of Life
Settlement
Contracts
  Fair Value of Life
Settlement
Contracts
 

Face Amount of    

Life Insurance    
Policies    

 

 

 
(Dollar amounts in millions)            

Estimated maturity during:

2015

  60              $ 11                $ 37                 

2016

  60                10                  33                 

2017

  50                9                  30                 

2018

  50                7                  26                 

2019

  50                6                  26                 

Thereafter

  318                39                  187                 

 

 

Total

  588              $ 82                $ 339                 

 

 
Principal Service Lives

The principal service lives used in computing provisions for depreciation are as follows:

 

      Years      
Pipeline equipment   30 to 50     
Offshore drilling equipment   15 to 30     
Other   3 to 40