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Acquisitions and Dispositions - Schedule of Assets Acquired and Liabilities Assumed - Marathon Oil (Details) - Marathon Oil Corporation $ in Millions | Nov. 22, 2024 USD ($)
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Assets Acquired |
Cash and cash equivalents | $ 385
Accounts receivable, net | 969
Inventories | 360
Net properties, plants and equipment | 24,178
Investments and long-term receivables | 550
Other assets | 201
Total assets acquired | 26,643
Liabilities Assumed |
Accounts payable | 1,180
Accrued income and other taxes | 200
Employee benefit obligations | 187
Long-term debt | 4,719
Asset retirement obligations | 781
Deferred income taxes | 2,486
Other liabilities | 583
Total liabilities assumed | 10,136
Total identifiable net assets | $ 16,507

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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions, acquired at the acquisition date. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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- Definition Amount due from customers or clients for goods or services, including trade receivables, that have been delivered or sold in the normal course of business, and amounts due from others, including related parties expected to be converted to cash, sold or exchanged within one year or the normal operating cycle, if longer, acquired at the acquisition date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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