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ASSET RETIREMENT OBLIGATION (Tables)
12 Months Ended
Dec. 31, 2020
Asset Retirement Obligation Disclosure [Abstract]  
Schedule of Changes to Asset Retirement Obligation
The following table describes changes to the Company’s asset retirement obligation (ARO) liability:
For the Year Ended December 31,
20202019
 (In millions)
Asset retirement obligation at beginning of year$1,858 $1,932 
Liabilities incurred10 41 
Liabilities divested(26)(56)
Liabilities settled(30)(56)
Accretion expense109 107 
Revisions in estimated liabilities23 (110)
Asset retirement obligation at end of year1,944 1,858 
Less current portion(56)(47)
Asset retirement obligation, long-term$1,888 $1,811