XML 91 R79.htm IDEA: XBRL DOCUMENT
v3.4.0.3

Derivative and Hedging Activities - Narrative (Details) € in Millions, MMBoe in Millions, $ in Millions, MMBTU in Billions | 1 Months Ended | 3 Months Ended |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | ---
Dec. 31, 2015 USD ($) Derivatives $ / € | Dec. 31, 2006 USD ($) $ / € | Mar. 31, 2016 USD ($) MMBoe MMBTU counterparty Derivatives $ / € | Mar. 31, 2016 EUR (€) MMBoe counterparty Derivatives $ / € | Dec. 31, 2015 EUR (€) Derivatives $ / € | Mar. 31, 2015 USD ($) | Dec. 31, 2014 USD ($) | Dec. 31, 2006 EUR (€) $ / €
Derivative [Line Items] |  |  |  |  |  |  |  |
Number of Interest Rate Derivatives Held | Derivatives | 0 |  | 0 | 0 | 0 |  |  |
Gain (Loss) on Repurchase of Debt Instrument |  |  | $ 100 |  |  |  |  |
Derivative Assets (Liabilities), at Fair Value, Net | $ 512 |  | 515 |  |  | $ 512 |  |
Debt Instrument, Face Amount | 9,706 |  | 9,425 |  |  |  |  |
Accumulated other comprehensive loss | 99 |  | 99 |  |  |  |  |
Expected amount to be transferred of during the next 12 months |  |  | $ 21 |  |  |  |  |
6.25% Euro-Denominated Senior Notes Due 2017 [ Member] | Senior Notes [Member] |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Debt Instrument, Interest Rate, Stated Percentage |  |  | 6.25% | 6.25% |  |  |  |
Debt Instrument, Face Amount | 329 |  | $ 344 |  |  |  |  |
Cash Flow Hedging [Member] |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Accumulated other comprehensive loss | 99 |  | 99 |  |  | 134 | $ 143 |
Cash Flow Hedging [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Accumulated other comprehensive loss |  |  | $ 109 |  |  |  |  |
Interest Rate Contract [Member] |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Amortization Period of Deferred Gain (Loss) on Discontinuation of Fair Value Hedge |  |  | 6 years |  |  |  |  |
Deferred (Gain) Loss on Discontinuation of Fair Value Hedge |  |  | $ 7 |  |  |  |  |
Debt Instrument, Face Amount | $ 0 |  | $ 0 |  |  |  |  |
Cross Currency Interest Rate Contract [Member] | 6.25% Euro-Denominated Senior Notes Due 2017 [ Member] | Senior Notes [Member] |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Debt Instrument, Repurchased Face Amount | € |  |  |  |  | € 42 |  |  |
Debt Instrument, Interest Rate, Stated Percentage | 6.25% |  | 6.25% | 6.25% | 6.25% |  |  |
Gain (Loss) on Repurchase of Debt Instrument | $ (8) |  |  |  |  |  |  |
Semi Annual Interest Rate Swap Payments By Counterparty | € |  |  |  | € 302 |  |  |  | € 9
Short-term Debt, Refinanced, Description |  | $ 15 | $ 403 |  |  |  |  |
Dollar Equivalent Interest Rate |  | 7.491% |  |  |  |  |  |
Derivative, Forward Exchange Rate | $ / € | 1.0862 | 1.3325 | 1.1380 | 1.1380 | 1.0862 |  |  | 1.3325
Cash paid to purchase debt | $ (8) |  |  |  |  |  |  |
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member] |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Derivative Liability, Fair Value, Gross Liability | (52) |  | $ (43) |  |  |  |  |
Derivative Assets (Liabilities), at Fair Value, Net | $ (52) |  | $ (43) |  |  |  |  |
Other Contracts, A [Member] |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Derivative, Number of Instruments Held | Derivatives |  |  | 1 | 1 |  |  |  |
Other Contracts, A [Member] | Minimum [Member] |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Derivative, Nonmonetary Notional Amount, Energy Measure | MMBTU |  |  | 90 |  |  |  |  |
Credit Risk [Member] |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Number of counterparties in hedge facility | counterparty |  |  | 13 | 13 |  |  |  |
Price Risk Derivative [Member] | Bilateral Hedging Agreement [Member] |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Multi-counterparty hedge facility, hedged total (in tcfe) | MMBoe |  |  | 152.5 | 152.5 |  |  |  |
Basis Derivative [Member] | Bilateral Hedging Agreement [Member] |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Multi-counterparty hedge facility, hedged total (in tcfe) | MMBoe |  |  | 6.5 | 6.5 |  |  |  |
Fair Value, Inputs, Level 3 [Member] |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Derivative Assets (Liabilities), at Fair Value, Net |  |  | $ 269 |  |  | $ 206 |  |
Fair Value, Inputs, Level 3 [Member] | Marketing, Gathering And Compression [Member] | Other Contracts, A [Member] |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Gains (losses) on undesignated oil and natural gas derivatives |  |  | $ 20 |  |  |  |  |

X
- Definition Dollar Equivalent Interest Rate + References No definition available. + Details
Name: | chk_DollarEquivalentInterestRate
Namespace Prefix: | chk_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of Counterparties + References No definition available. + Details
Name: | chk_NumberOfCounterparties
Namespace Prefix: | chk_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Semi Annual Interest Rate Swap Payments By Chesapeake + References No definition available. + Details
Name: | chk_SemiAnnualInterestRateSwapPaymentsByChesapeake
Namespace Prefix: | chk_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Semi Annual Interest Rate Swap Payments By Counterparty + References No definition available. + Details
Name: | chk_SemiAnnualInterestRateSwapPaymentsByCounterparty
Namespace Prefix: | chk_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Current volume of hedge facility being utilized. + References No definition available. + Details
Name: | chk_VolumeOfHedgeFacilityCurrentlyUtilized
Namespace Prefix: | chk_
Data Type: | num:energyItemType
Balance Type: | na
Period Type: | instant

X
- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e637-108580 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e681-108580 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=66004124&loc=SL7669686-108580 + Details
Name: | us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Period when adjustments to the carrying value of an interest-bearing hedged item are amortized upon discontinuation of the fair value hedge, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 25 -Section 35 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65886642&loc=d3e75592-113984 + Details
Name: | us-gaap_AmortizationPeriodOfDeferredGainLossOnDiscontinuationOfFairValueHedge1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Face (par) amount of the original debt instrument that was repurchased. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentRepurchasedFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount as of the balance sheet date of the unamortized adjustment to the carrying value of an interest-bearing hedged item made under an effective fair value hedge that is amortized upon discontinuation of the fair value hedge. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 25 -Section 35 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65886642&loc=d3e75592-113984 + Details
Name: | us-gaap_DeferredGainLossOnDiscontinuationOfFairValueHedge
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair values as of the balance sheet date of the net amount of all assets and liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6945355&loc=d3e41228-113958 + Details
Name: | us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4D -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=64830801&loc=SL51823488-111719 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (a),(c) -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=51825145&loc=SL20226000-175313 + Details
Name: | us-gaap_DerivativeFairValueOfDerivativeLiability
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Contractual rate at which a foreign currency can be purchased or sold. + References No definition available. + Details
Name: | us-gaap_DerivativeForwardExchangeRate1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Nominal energy measure used to calculate payments on a derivative instrument. + References No definition available. + Details
Name: | us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure
Namespace Prefix: | us-gaap_
Data Type: | num:energyItemType
Balance Type: | na
Period Type: | duration

X
- Definition The number of derivative instruments of a particular group held by the entity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5580258-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5579245-113959 + Details
Name: | us-gaap_DerivativeNumberOfInstrumentsHeld
Namespace Prefix: | us-gaap_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount of gain (loss) recognized in the income statement of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset), measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258 + Details
Name: | us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of gain (loss) from the difference between the repurchase price of a debt instrument initially issued by the entity and the net carrying amount of the debt at the time of its repurchase. + References No definition available. + Details
Name: | us-gaap_GainLossOnRepurchaseOfDebtInstrument
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Number of interest rate derivative instruments held by the entity at the reporting date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5580258-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5579245-113959 + Details
Name: | us-gaap_NumberOfInterestRateDerivativesHeld
Namespace Prefix: | us-gaap_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition The cash outflow for incremental, external costs directly pertaining to an early extinguishment of debt, including legal costs and prepayment penalties, and excluding interest and repayment of debt principal. + References No definition available. + Details
Name: | us-gaap_PaymentsOfDebtExtinguishmentCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The estimated net amount of unrealized gains or losses on price risk cash flow hedges as of the balance sheet date expected to be reclassified to earnings within the next twelve months. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=35736893&loc=d3e80748-113994 + Details
Name: | us-gaap_PriceRiskCashFlowHedgeUnrealizedGainLossToBeReclassifiedDuringNext12Months
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_DebtInstrumentAxis=chk_SixPointTwoFivePercentEuroHyphenDenominatedSeniorNotesDueTwoThousandSeventeenMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_OtherComprehensiveIncomeLocationAxis=us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CrossCurrencyInterestRateContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=chk_OtherContractsAMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RangeAxis=us-gaap_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CreditRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_PriceRiskDerivativeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditDerivativesByContractTypeAxis=chk_BilateralHedgingAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=chk_BasisDerivativeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=chk_MarketingGatheringAndCompressionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |