v2.4.0.8
Restructuring and other Termination Benefits (Tables)
 6 Months Ended
Jun. 30, 2014
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs [Table Text Block]
Below is a summary of our restructuring and other termination costs for the Current Quarter, the Prior Quarter, the Current Period and the Prior Period:
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
2014
 
2013
 
2014
 
2013
 
 
($ in millions)
Oilfield services spin-off costs:
 
 
 
 
 
 
 
 
Transaction costs
 
$
14

 
$
—

 
$
14

 
$
—

Stock-based compensation adjustments for
Chesapeake employees
 
5

 
—

 
5

 
—

Stock-based compensation forfeitures for SSE
employees
 
(10
)
 
—

 
(10
)
 
—

Debt extinguishment costs
 
3

 
—

 
3

 
—

Total oilfield services spin-off costs
 
12

 
—

 
12

 
—

 
 
 
 
 
 
 
 
 
Termination benefits provided to Mr. McClendon:
 
 
 
 
 
 
 
 
Salary and bonus expense
 
—

 
—

 
—

 
11

Acceleration of 2008 performance bonus clawback
 
—

 
—

 
—

 
11

Acceleration of stock-based compensation
 
—

 
—

 
—

 
22

Acceleration of performance share unit awards(a)
 
5

 
—

 
2

 
13

Estimated aircraft usage benefits
 
—

 
—

 
—

 
7

Total termination benefits provided to
Mr. McClendon
 
5

 
—

 
2

 
64

 
 
 
 
 
 
 
 
 
Termination benefits provided to VSP participants:
 
 
 
 
 
 
 
 
Salary and bonus expense
 
—

 
3

 
—

 
32

Acceleration of stock-based compensation
 
—

 
3

 
—

 
27

Other termination benefits
 
—

 
—

 
—

 
3

Total termination benefits provided to VSP
participants
 
—

 
6

 
—

 
62

 
 
 
 
 
 
 
 
 
Other termination benefits(a)
 
16

 
1

 
12

 
14

 
 
 
 
 
 
 
 
 
Total restructuring and other termination costs
 
$
33

 
$
7

 
$
26

 
$
140

____________________________________________
(a)
The Current Quarter and Current Period amounts are primarily related to fair value adjustments to PSUs granted to former executives of the Company. For further discussion of our PSUs, see Note 8.