Divestitures (Tables)

3 Months Ended

Mar. 31, 2013

Acquisitions and Dispositions [Abstract]

Discontinued Operations Balance Sheet and Income Statement Disclosures [Table Text Block]

Summarized results of discontinued operations are as follows:



	Three Months Ended March 31,
	2013			2012
(millions)
Oil and Gas Sales	$	10		$	75
Income (Loss) Before Income Taxes	(1		)	39
Income Tax Expense	7			25
Operating Income (Loss), Net of Tax	(8		)	14
Gain on Sale, Net of Tax	37			—
Discontinued Operations, Net of Tax	$	29		$	14

Schedule of Disposal Groups, Gain on Asset Onshore Divestitures [Table Text Block]

Sale of Onshore US Properties During the first quarter of 2013, we closed the sales of certain crude oil and natural gas properties in the Gulf Coast area with an effective date of November 1, 2012. The information regarding the assets sold is as follows:



	Three Months Ended March 31,
	2013
(millions)
Sale Proceeds	$	55
Less
Net Book Value of Assets Sold	(28		)
Goodwill Allocated to Assets Sold	(3		)
Asset Retirement Obligations Associated with Assets Sold	5
Other Closing Adjustments ⁽¹⁾	(14		)
Gain on Divestitures	$	15

⁽¹⁾Other closing adjustments also include adjustments related to onshore US property sales completed during 2012.

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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