ACQUISITIONS AND DIVESTITURES (Tables)

6 Months Ended

Jun. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Components of Deconsolidation

A summary of components of the gain, including the ALTM balance sheet amounts deconsolidated at the time of close, is included below:

	As of February 22, 2022
	(In millions)
Fair value of Kinetik Class A Common Stock held by Company	$	802
ASSETS:
Cash and cash equivalents	$	143
Other current assets	29
Property and equipment, net	184
Equity method interests	1,367
Other noncurrent assets	12
Total assets deconsolidated	$	1,735
LIABILITIES:
Current liabilities	$	3
Long-term debt	657
Other noncurrent liabilities	168
Total liabilities deconsolidated	$	828
NONCONTROLLING INTERESTS:
Redeemable noncontrolling interest preferred unit limited partners	$	642
Noncontrolling interest-Altus	72
Total noncontrolling interests deconsolidated	$	714
Net effect of deconsolidating balance sheet	$	(193)
Gain on deconsolidation of ALTM	$	609