Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations Reflected in Consolidated Condensed Statements of Income

The Consolidated Statements of Income include discontinued operations of HighMount as follows:

Year Ended December 31	2014			2013
(In millions)
Revenues:
Other revenue, primarily operating	$	150		$	259
Total		150			259
Expenses:
Impairment of goodwill					584
Other operating expenses
Impairment of natural gas and oil properties		29			291
Operating		173			252
Interest		8			17
Total		210			1,144
Loss before income tax		(60	)		(885	)
Income tax benefit		4			311
Results of discontinued operations, net of income tax		(56	)		(574	)
Impairment loss, net of tax benefit of $62		(138	)
Loss from discontinued operations	$	(194	)	$	(574	)

The Consolidated Statements of Income include discontinued operations of the CAC business as follows:

Year Ended December 31	2014			2013
(In millions)
Revenues:
Net investment income	$	94		$	168
Investment gains		3			11
Other revenues					2
Total		97			181
Expenses:
Insurance claims and policyholders’ benefits		75			141
Other operating expenses		2			3
Total		77			144
Income before income tax		20			37
Income tax expense		(6	)		(15	)
Results of discontinued operations, net of income tax		14			22
Loss on sale, net of tax benefit of $40		(211	)
Amounts attributable to noncontrolling interests		20			(2	)
Income (loss) from discontinued operations	$	(177	)	$	20