XML 44 R32.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Change in Accounting Principles (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] |
The cumulative effect of the changes made to our consolidated balance sheet at January 1, 2018, for the
adoption of ASC Topic 606 and ASU No. 2016-01 were as follows:
| Millions of Dollars
|  | December 31 |  | ASC Topic 606 |  | ASU No. 2016-01 |  | January 1
|  | 2017 |  | Adjustments |  | Adjustments |  | 2018
Liabilities |  |  |  |  |  |  |  |
Other accruals | $ | 1,029 |  | 104 |  | - |  | 1,133
Total current liabilities |  | 9,397 |  | 104 |  | - |  | 9,501
Deferred income taxes |  | 5,282 |  | (31) |  | - |  | 5,251
Other liabilities and deferred credits |  | 1,269 |  | 147 |  | - |  | 1,416
Total liabilities |  | 42,561 |  | 220 |  | - |  | 42,781
Equity |  |  |  |  |  |  |  |
Accumulated other comprehensive loss | $ | (5,518) |  | - |  | 58 |  | (5,460)
Retained earnings |  | 29,391 |  | (220) |  | (58) |  | 29,113
Total common stockholders' equity |  | 30,607 |  | (220) |  | - |  | 30,387
Total equity |  | 30,801 |  | (220) |  | - |  | 30,581
For discussion of adjustments for ASU No. 2016-01 and ASC Topic 606, see Note 7—Investment in Cenovus Energy and Note 20—Sales and
Other Operating Revenues, respectively.
The effect of the retrospective presentation change related to the net periodic benefit cost of our defined benefit
pension and other postretirement employee benefits plans on our consolidated income statement was as
follows:
| Millions of Dollars
|  | Previously |  | Effect of Change |  | As
|  | Reported |  | Higher/(Lower) |  | Revised
Three Months Ended September 30, 2017 |  |  |  |  |  |
Production and operating expenses | $ | 1,224 |  | (2) |  | 1,222
Selling, general and administrative expenses |  | 132 |  | (22) |  | 110
Exploration expenses |  | 75 |  | (2) |  | 73
Other expenses |  | 51 |  | 26 |  | 77
Nine Months Ended September 30, 2017 |  |  |  |  |  |
Production and operating expenses | $ | 3,849 |  | (11) |  | 3,838
Selling, general and administrative expenses |  | 423 |  | (121) |  | 302
Exploration expenses |  | 724 |  | (4) |  | 720
Other expenses |  | 285 |  | 136 |  | 421

X
- References No definition available. + Details
Name: | us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01.(b)(6)) -URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22580-107794 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e725-108305 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration