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Asset Retirement Obligations (Tables)
12 Months Ended
Dec. 31, 2023
Asset Retirement Obligation Disclosure [Abstract]  
Activity Related to Asset Retirement Obligations
Activity related to the Company’s asset retirement obligations is as follows:
Year Ended December 31,
(In millions)202320222021
Balance at beginning of period$277 $263 $86 
Liabilities assumed in Merger— — 175 
Liabilities incurred10 
Liabilities settled (1)(3)(10)
Liabilities divested(4)(2)— 
Accretion expense11 
Balance at end of period289 277 $263 
Less: current asset retirement obligation(9)(6)(4)
Noncurrent asset retirement obligation$280 $271 $259