ASSET RETIREMENT OBLIGATION (Tables)

3 Months Ended

Mar. 31, 2014

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligation

The following table describes changes to the Company’s asset retirement obligation (ARO) liability for the three-month period ended March 31, 2014:

	(In millions)
Asset retirement obligation at December 31, 2013	$	3,222
Liabilities incurred		27
Liabilities divested		(91	)
Liabilities settled		(24	)
Accretion expense		44
Asset retirement obligation at March 31, 2014		3,178
Less current portion		(182	)
Asset retirement obligation, long-term	$	2,996