XML 39 R27.htm IDEA: XBRL DOCUMENT v3.8.0.1
Revenue from Contracts with Customers (Tables)
 3 Months Ended
Mar. 31, 2018
Revenue from Contract with Customer [Abstract]  
Schedule of Impact of New Accounting Pronouncements
The following tables summarize the impacts of adopting Topic 606 on the Company’s consolidated financial statements for the three months ended March 31, 2018, as described in the Change in Accounting Policy section above:
CONSOLIDATED STATEMENT OF INCOME
Impact of Change in Accounting Policy
millions
As Reported
 
Without Adoption of Topic 606
 
Effect of Change
Increase/(Decrease)
Three Months Ended March 31, 2018
 
 
 
 
 
Revenues
 
 
 
 
 
Gathering, processing, and marketing sales
$
360

 
$
577

 
$
(217
)
Gains (losses) on divestitures and other, net
19

 
21

 
(2
)
Expenses
 
 
 
 
 
Gathering, processing, and marketing
237

 
451

 
(214
)
Income tax expense (benefit)
126

 
127

 
(1
)
Net income (loss) attributable to noncontrolling interests
53

 
54

 
(1
)
Net Income (Loss) Attributable to Common Stockholders
$
121

 
$
124

 
$
(3
)

CONSOLIDATED BALANCE SHEET
Impact of Change in Accounting Policy
millions
As Reported
 
Without Adoption of Topic 606
 
Effect of Change
Increase/(Decrease)
March 31, 2018
 
 
 
 
 
Assets
 
 
 
 
 
Net properties and equipment
$
27,758

 
$
27,715

 
$
43

Other assets
2,134

 
2,122

 
12

Liabilities
 
 
 
 
 
Other current liabilities
1,437

 
1,434

 
3

Deferred income taxes
2,267

 
2,274

 
(7
)
Other
4,166

 
4,056

 
110

Equity
 
 
 
 
 
Total equity
11,756

 
11,807

 
(51
)
Schedule of Disaggregation of Revenue
The following table disaggregates revenue by significant product type and segment:
millions
Exploration
& Production
 
WES Midstream
 
Other Midstream
 
Other and
Intersegment
Eliminations
 
Total
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2018
 
 
 
 
 
 
 
 
 
Product Type
 
 
 
 
 
 
 
 
 
Oil sales
$
2,127

 
$
—

 
$
—

 
$
—

 
$
2,127

Natural-gas sales
247

 
—

 
—

 
—

 
247

Natural-gas liquids sales
292

 
—

 
—

 
—

 
292

Gathering, processing, and marketing sales (1)
—

 
438

 
86

 
24

 
548

Other, net
3

 
—

 
—

 
19

 
22

Total Revenue from Customers
$
2,669

 
$
438

 
$
86

 
$
43

 
$
3,236

Gathering, processing, and marketing sales (2)
—

 
(1
)
 
2

 
(189
)
 
(188
)
Gains (losses) on divestitures, net
(33
)
 
—

 
9

 
—

 
(24
)
Other, net
(12
)
 
29

 
10

 
(6
)
 
21

Total Revenue from Other than Customers
$
(45
)
 
$
28

 
$
21

 
$
(195
)
 
$
(191
)
Total Revenue and Other
$
2,624

 
$
466

 
$
107

 
$
(152
)
 
$
3,045

 __________________________________________________________________
(1) 
The amount in Other and Intersegment Eliminations primarily represents sales of third-party natural gas and NGLs of $224 million and intercompany eliminations of $(196) million.
(2) 
The amount in Other and Intersegment Eliminations represents purchases of third-party natural gas and NGLs. Although these purchases are reported net in gathering, processing, and marketing sales in the Company’s Consolidated Statements of Income, they are shown separately on this table, as the purchases are not considered revenue from customers.
Schedule of Contract with Customer Liabilities Activity
The following table summarizes the current period activity related to contract liabilities from contracts with customers:
millions
 
Balance at December 31, 2017
$
37

Increase due to cumulative effect of adopting Topic 606
98

Increase due to cash received, excluding revenues recognized in the period
40

Decrease due to revenue recognized
(12
)
Balance at March 31, 2018
$
163

 
 
Contract liabilities at March 31, 2018
 
Other current liabilities
$
39

Other long-term liabilities - other
124

Total contract liabilities from contracts with customers
$
163
Schedule of Expected Revenue Recognition from Satisfaction of Performance Obligations
Therefore, the following table represents only a small portion of Anadarko’s expected future consolidated revenues as future revenue from the sale of most products and services is dependent on future production or variable customer volumes and variable commodity prices for those volumes.
millions
Exploration
& Production
 
WES Midstream
 
Other Midstream
 
Other and
Intersegment
Eliminations
 
Total
Remainder of 2018
$
74

 
$
268

 
$
38

 
$
(167
)
 
$
213

2019
102

 
440

 
74

 
(327
)
 
289

2020
103

 
496

 
87

 
(394
)
 
292

2021
103

 
470

 
94

 
(395
)
 
272

2022
7

 
461

 
98

 
(394
)
 
172

Thereafter
62

 
1,698

 
194

 
(1,321
)
 
633

Total
$
451

 
$
3,833

 
$
585

 
$
(2,998
)
 
$
1,871