XML 26 R14.htm IDEA: XBRL DOCUMENT v3.5.0.2
Other Liabilities (Notes)
9 Months Ended
Sep. 30, 2016
Other Liabilities Disclosure [Abstract]  
Other Liabilities Disclosure
Other Liabilities
Other current liabilities as of September 30, 2016 and December 31, 2015 are detailed below.
 
 
September 30,
2016
 
December 31,
2015
 
 
($ in millions)
Revenues and royalties due others
 
$
499

 
$
500

Accrued drilling and production costs
 
172

 
212

Joint interest prepayments received
 
74

 
169

Accrued compensation and benefits
 
198

 
264

Other accrued taxes
 
55

 
37

Bank of New York Mellon legal accrual
 
440

 
439

Minimum gathering volume commitment
 

 
201

Accrual for termination of Barnett gathering agreement
 
334

 

Other
 
221

 
397

Total other current liabilities
 
$
1,993

 
$
2,219


Other long-term liabilities as of September 30, 2016 and December 31, 2015 are detailed below.
 
 
September 30,
2016
 
December 31,
2015
 
 
($ in millions)
CHK Utica ORRI conveyance obligation(a)
 
$
168

 
$
190

Financing obligations
 

 
29

Unrecognized tax benefits
 
94

 
64

Other
 
145

 
126

Total other long-term liabilities
 
$
407

 
$
409

____________________________________________
(a)
The CHK Utica, L.L.C. investors’ right to receive, proportionately, a 3% overriding royalty interest (ORRI) in the first 1,500 net wells drilled on our Utica Shale leasehold is subject to an increase to 4% on net wells earned in any year following a year in which we do not meet our net well commitment under the ORRI obligation, which runs through 2023. The liability represents the obligation to deliver future ORRIs. Approximately $36 million and $21 million of the total $204 million and $211 million obligations are recorded in other current liabilities as of September 30, 2016 and December 31, 2015, respectively.