ACQUISITIONS AND DIVESTITURES (Tables)

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

Schedule of disposal groups, including discontinued operations

A summary of the Company’s Canadian assets and liabilities at the time of close is detailed below:

	(In millions)
ASSETS
Cash	$	46
Other current assets	64
Property, plant & equipment	1,132
Total Assets	$	1,242
LIABILITIES
Current liabilities, excluding asset retirement obligation	$	120
Asset retirement obligation	780
Other long-term liabilities	46
Total Liabilities	$	946

The components of the Company’s loss from discontinued operations were as follows:

	For the Year Ended December 31,
	2017		2016			2015
	(In millions)
Revenues and other from discontinued operations	$	—	$	—		$	288
Impairment on Woodside sale	$	—	$	—		$	(49	)
Loss on Woodside sale	—		(23		)	—
Loss on Consortium sale	—		—			(139		)
Income from divested Australian operations	—		—			28
Loss from Argentina divestiture	—		(10		)	—
Income tax benefit	—		—			652
Income (loss) from discontinued operations, net of tax	$	—	$	(33	)	$	492