Spin-Off of Oilfield Services Business Spin-Off of Oilfield Services Business (Tables)

6 Months Ended

Jun. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

shows the components of the decrease, which consisted of the book value of the assets and liabilities of COO as of the spin-off date of June 30, 2014. The spin-off is reflected on our condensed consolidated statement of cash flows primarily as non-cash activity.



	June 30, 2014
	($ in millions)
Assets
Cash and cash equivalents	$	8
Accounts receivable, net^(a)	378
Other current assets	46
Total current assets	432

Oilfield services equipment	2,632
Accumulated depreciation	(900		)
Investments	8
Deferred income tax asset	8
Other long-term assets	68
Total assets	$	2,248

Liabilities
Accounts payable^(a)	$	62
Accrued interest	6
Other current liabilities	180
Total current liabilities	248

Long-term debt, net	1,568
Deferred income tax liabilities	160
Asset retirement obligations	1
Other long-term liabilities	3
Total long-term liabilities	1,732

Spin-Off of Oilfield Services Business	$	268

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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