Acquisitions and Divestitures (Tables)

3 Months Ended

Mar. 31, 2015

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 March 31, 2015, and December 31, 2014, is detailed below:


	March 31, 2015						December 31, 2014
	Canada		Australia		Total		Canada		Australia		Total
	(In millions)
ASSETS
Current assets	$	15	$	—	$	15	$	30	$	—	$	30
GTP assets		229		1,459		1,688		200		1,297		1,497
Other long-term assets		101		—		101		101		—		101

Assets held for sale⁽¹⁾	$	345	$	1,459	$	1,804	$	331	$	1,297	$	1,628

LIABILITIES
Current liabilities	$	1	$	—	$	1	$	12	$	—	$	12
Other long-term liabilities		6		—		6		7		—		7

Liabilities held for sale⁽¹⁾	$	7	$	—	$	7	$	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 Sales and Other Operating Revenue and Loss from Discontinued Operation Related to Disposition

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


	For the Quarter Ended March 31,
	2015		2014
	(In millions)
Revenues and other from discontinued operations	$	—	$	87

Loss from Argentina divestiture		—		(539	)
Loss from operations in Argentina		—		(1	)
Income tax benefit		—		23

Loss from discontinued operations, net of tax	$	—	$	(517	)