Additional Financial Statement Information (Tables)

12 Months Ended

Dec. 31, 2016

Additional Financial Statement Information [Abstract]

Additional statements of operations information is as follows:



	Year Ended December 31,
(millions)	2016			2015			2014
Production Expense
Lease Operating Expense	$	542		$	563		$	593
Production and Ad Valorem Taxes	78			127			184
Transportation and Gathering Expense ⁽¹⁾	463			289			168
Total	$	1,083		$	979		$	945
Exploration Expense
Leasehold Impairment and Amortization⁽²⁾	148			113			43
Dry Hole Cost ⁽²⁾	579			266			226
Seismic, Geological and Geophysical	76			34			86
Staff Expense	77			43			72
Other	45			32			71
Total	925			488			498
Other Operating (Income) Expense, Net
Marketing Expense ⁽³⁾	58			33			16
Loss on Terminated Contract ⁽⁴⁾	41			—			—
Gain on Divestitures, Net ⁽⁵⁾	(238		)	—			(73		)
Corporate Restructuring Expense ⁽⁶⁾	8			51			—
Gain on Debt Extinguishment ⁽⁷⁾	(80		)	—			—
Pension Plan Expense ⁽⁸⁾	—			88			—
Impact of Rosetta Merger ⁽⁹⁾	(25		)	81			—
Other, Net	70			96			49
Total	$	(166	)	$	349		$	(8	)
Other Non-Operating (Income) Expense, Net
Deferred Compensation Expense (Income) ⁽¹⁰⁾	$	11		$	(12	)	$	(25	)
Other (Income) Expense, Net	(2		)	(3		)	(1		)
Total	$	9		$	(15	)	$	(26	)

⁽¹⁾

Certain of our revenue received from purchasers was historically presented with deductions for transportation, gathering, fractionation or processing costs. Beginning in 2016, we have changed our presentation of revenue to no longer include these expenses as deductions from revenue. These costs are now included within production expense. Prior year amounts of $50 million and $14 million for the years ended December 31, 2015 and 2014, respectively, have been reclassified to transportation and gathering expense to conform to the current presentation.


⁽²⁾	See Note 6. Capitalized Exploratory Well Costs and Undeveloped Leasehold Costs.

⁽³⁾

Amounts represent expense for unutilized firm transportation and shortfalls in delivering or transporting minimum volumes under certain commitments. Prior year amounts of $33 million and $16 million for the years ended December 31, 2015 and 2014, respectively, were previously presented within transportation and gathering expense. These amounts have been reclassified to conform to the current presentation. See Note 18. Commitments and Contingencies.


⁽⁴⁾	Amount relates to the termination of a rig contract offshore Falkland Islands as a result of a supplier's non-performance.


⁽⁵⁾	Includes gain related to the sale of 3.5% working interest in the Tamar field, offshore Israel. See Note 3. Acquisitions, Divestitures and Merger.


⁽⁶⁾	Amount represents expenses associated with organizational activities.


⁽⁷⁾	Amount relates to the tendering of senior notes assumed in the Rosetta Merger. See Note 10. Long-Term Debt.


⁽⁸⁾	Amount includes reclassification of the actuarial loss from AOCL related to the re-measurement and termination of our defined benefit pension plan to net income (loss).


⁽⁹⁾	Amounts represent a purchase price allocation adjustment in 2016 and merger expenses in 2015. See Note 3. Acquisitions, Divestitures and Merger.


⁽¹⁰⁾	Amounts represent increases (decreases) in the fair values of shares of our common stock held in a rabbi trust and mutual funds.

Balance Sheet Information Table

Additional balance sheet information is as follows:



	December 31,
(millions)	2016			2015
Accounts Receivable, Net
Commodity Sales	$	403		$	298
Joint Interest Billings	106			20
Proceeds Receivable ⁽¹⁾	40			—
Other	86			151
Allowance for Doubtful Accounts	(20		)	(19		)
Total	$	615		$	450
Other Current Assets
Inventories, Materials and Supplies	$	71		$	92
Inventories, Crude Oil	18			23
Assets Held for Sale⁽²⁾	18			67
Restricted Cash ⁽³⁾	30			—
Prepaid Expenses and Other Assets, Current	23			34
Total	$	160		$	216
Other Noncurrent Assets
Equity Method Investments	$	400		$	453
Mutual Fund Investments	71			90
Other Assets, Noncurrent	37			77
Total	$	508		$	620
Other Current Liabilities
Production and Ad Valorem Taxes	$	115		$	166
Commodity Derivative Liabilities, Current	102			—
Income Taxes Payable	53			86
Asset Retirement Obligations, Current	160			128
Interest Payable	76			83
Current Portion of Capital Lease and Other Obligations	63			53
Other Liabilities, Current	173			161
Total	$	742		$	677
Other Noncurrent Liabilities
Deferred Compensation Liabilities, Noncurrent	$	218		$	217
Asset Retirement Obligations, Noncurrent	775			861
Production and Ad Valorem Taxes	47			68
Other Liabilities, Noncurrent	63			73
Total	$	1,103		$	1,219

⁽¹⁾Proceeds relate to our farm-out of a 35% interest in Block 12 offshore Cyprus and were received in January 2017. See Note 3. Acquisitions, Divestitures and Merger.

⁽²⁾ Assets held for sale at December 31, 2016 included assets in the Greeley Crescent area of the DJ Basin. Assets held for sale at December 31, 2015 included the Karish and Tanin natural gas discoveries, offshore Israel. See Note 3. Acquisitions, Divestitures and Merger.

⁽³⁾ Represents amount held in escrow at December 31, 2016 for the purchase of certain Permian Basin properties. See Note 3. Acquisitions, Divestitures and Merger.

Supplemental Cash Flow Disclosure

Supplemental statements of cash flow information is as follows:



	Year Ended December 31,
(millions)	2016		2015		2014
Cash Paid During the Year For
Interest, Net of Amount Capitalized	$	327	$	260	$	189
Income Taxes Paid, Net	236		202		150
Non-Cash Financing and Investing Activities
Increase in Capital Lease and Other Obligations	5		55		110