XML 39 R35.htm IDEA: XBRL DOCUMENT v3.2.0.727
Basis of Presentation (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Mar. 03, 2015
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost (Credit) Arising During Period, before Tax       $ 61    
Common stock, par value per share (in dollars per share)   $ 0.01   $ 0.01   $ 0.01
Proceeds from Issuance of Shares of Common Stock to Public, Net of Offering Costs     $ 0 $ 1,112    
Repayment of outstanding indebtedness       $ 150    
Common stock, shares authorized (in shares)   1,000,000,000   1,000,000,000   500,000,000
Debt Issuance Cost   $ 47       $ 50
Production Expense            
Lease Operating Expense   129 150 $ 286 $ 292  
Production and Ad Valorem Taxes   28 53 61 102  
Transportation and Gathering Expense   56 41 112 80  
Total   213 244 459 474  
Other Operating Expense Net [Abstract]            
Midstream Gathering and Processing Expense   6 4 10 7  
Corporate Restructuring Expense [1]   18 0 18 0  
Stacked Drilling Rig Expense [2]   7 0 7 0  
Pension Plan Termination Expense [3]   21 0 21 0  
Other, Net   (16) (17) (17) (23)  
Total   67 (23) 73 (12)  
Other Non-Operating (Income) Expense, Net            
Deferred Compensation Expense [4]   (7) 8 (5) 12  
Other (Income) Expense, Net   (2) 0 (4) 1  
Total   (9) $ 8 (9) $ 13  
Accounts Receivable, Net            
Commodity Sales   296   296   405
Joint Interest Billings   175   175   297
Other   102   102   171
Allowance for Doubtful Accounts   (19)   (19)   (16)
Total   554   554   857
Other Current Assets            
Inventories, Materials and Supplies   79   79   81
Inventories, Crude Oil   20   20   24
Assets Held-for-Sale [5]   77   77   180
Prepaid Expenses and Other Current Assets   68   68   40
Total   244   244   325
Other Noncurrent Assets            
Investments in Unconsolidated Subsidiaries   400   400   325
Mutual Fund Investments   112   112   111
Commodity Derivative Assets   100   100   180
Other Assets   102   102   99
Total   714   714   715
Other Current Liabilities            
Production and Ad Valorem Taxes   151   151   110
Income Taxes Payable   117   117   180
Deferred Income Taxes, Current   91   91   158
Accrued Benefit Costs, Current   111   111   125
Asset Retirement Obligations   135   135   81
Interest Payable   69   69   70
Current Portion of Capital Lease Obligations   61   61   68
Other   99   99   152
Total   834   834   944
Other Noncurrent Liabilities            
Deferred Compensation Liabilities   218   218   218
Asset Retirement Obligations   717   717   670
Accrued Benefit Costs   19   19   24
Other   76   76   175
Total   $ 1,030   $ 1,030   $ 1,087
Common Stock Authorized prior to Certificate of Incorporation Amendment [Member]            
Common stock, shares authorized (in shares)   500,000,000   500,000,000    
Common Stock Authorized after Stock Issuance [Member]            
Common stock, shares authorized (in shares)   1,000,000,000   1,000,000,000    
Underwritten Public Offering [Member]            
Underwritten public offering (in shares) 21,000,000          
Common stock, par value per share (in dollars per share) $ 0.01          
Sale of stock (in dollars per share) $ 47.5          
Over-Allotment Option [Member]            
Underwritten public offering (in shares) 3,150,000          
Common stock, par value per share (in dollars per share) $ 0.01          
[1] Amount represents severance costs and expenses associated with the relocation of our accounting department from Ardmore, Oklahoma to Houston, Texas.
[2] Amount represents the day rate cost associated with drilling rigs under contract, but not currently being utilized in our US onshore drilling programs.
[3] Amount includes the reclassification of a portion of the remaining actuarial loss from AOCL, related to our defined benefit pension plan which is in the process of being terminated.
[4] Amounts represent increases (decreases) in the fair value of shares of our common stock held in a rabbi trust.
[5] (1) Assets held for sale include our Tanin and Karish natural gas discoveries, offshore Israel. See Update on Core Area – Israel, above.