Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2014

Business Combinations [Abstract]

Summary of Associated Assets and Liabilities Classified as Held for Sale

A summary of the associated assets and liabilities classified as held for sale on our consolidated balance sheet as of December 31, 2014, is detailed below:

	December 31, 2014
	Canada		Australia		Total
	(In millions)
ASSETS
Current assets	$	30	$	—	$	30
GTP assets, net of accumulated depreciation		200		1,297		1,497
Other long-term assets		101		—		101
Assets held for sale(1)	$	331	$	1,297	$	1,628
LIABILITIES
Current liabilities	$	12	$	—	$	12
Other long-term liabilities		7		—		7
Liabilities held for sale(1)	$	19	$	—	$	19

(1) Assets held for sale are classified as current assets in the Consolidated Balance Sheet. Liabilities held for sale are recorded in “Other current liabilities” in the Consolidated Balance Sheet.

Summary of Carrying Amount of Major Assets and Liabilities Associated with Disposition

The carrying amounts of the major classes of assets and liabilities associated with the disposition were as follows:

	December 31, 2013
	(In millions)
ASSETS
Current assets	$	150
Net property and equipment		1,416
Other assets		12
Total assets	$	1,578
LIABILITIES
Current debt	$	51
Other current liabilities		95
Asset retirement obligations		91
Other long-term liabilities		21
Total liabilities	$	258

Summary of Sales and Other Operating Revenue and Loss from Discontinued Operation Related to Disposition

Sales and other operating revenues and loss from discontinued operations related to the Argentina disposition were as follows:

	For the Year Ended December 31,
	2014			2013			2012
	(In millions)
Revenues and other from discontinued operations	$	87		$	494		$	514
Loss from Argentina divestiture		(539	)		—			—
Income (loss) from operations in Argentina		(1	)		(192	)		14
Income tax benefit		23			—			—
Income (loss) from discontinued operations, net of tax	$	(517	)	$	(192	)	$	14