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Segment Information (Notes) | 3 Months Ended
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Mar. 31, 2017
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] |
Segment Information Disclosure | Segment Information As of March 31, 2017, we have two reportable operating segments, each of which is managed separately because of the nature of its operations. The exploration and production operating segment is responsible for finding and producing oil, natural gas and NGL. The marketing, gathering and compression operating segment is responsible for marketing, gathering and compression of oil, natural gas and NGL. Management evaluates the performance of our segments based upon income (loss) before income taxes. Revenues from the sale of oil, natural gas and NGL related to Chesapeake’s ownership interests by our marketing, gathering and compression operating segment are reflected as revenues within our exploration and production operating segment. These amounts totaled $1.120 billion and $783 million for the Current Quarter and the Prior Quarter, respectively. The following table presents selected financial information for Chesapeake’s operating segments:
|  | Exploration and Production |  | Marketing, Gathering and Compression |  | Other |  | Intercompany Eliminations |  | Consolidated Total
|  | ($ in millions)
Three Months Ended March 31, 2017 |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 1,469 |  |  | $ | 2,404 |  |  | $ | — |  |  | $ | (1,120 | ) |  | $ | 2,753 |
Intersegment revenues |  | — |  |  | (1,120 | ) |  | — |  |  | 1,120 |  |  | — |
Total Revenues |  | $ | 1,469 |  |  | $ | 1,284 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,753 |
Income (Loss) Before Income Taxes |  | $ | 567 |  |  | $ | (386 | ) |  | $ | (10 | ) |  | $ | (29 | ) |  | $ | 142 |
Three Months Ended March 31, 2016 |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 993 |  |  | $ | 1,743 |  |  | $ | — |  |  | $ | (783 | ) |  | $ | 1,953 |
Intersegment revenues |  | — |  |  | (783 | ) |  | — |  |  | 783 |  |  | — |
Total Revenues |  | $ | 993 |  |  | $ | 960 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,953 |
Income (Loss) Before Income Taxes (as previously reported) |  | $ | (895 | ) |  | $ | 40 |  |  | $ | (9 | ) |  | $ | (57 | ) |  | $ | (921 | )
Income (Loss) Before Income Taxes (as revised) |  | $ | (1,042 | ) |  | $ | 40 |  |  | $ | (9 | ) |  | $ | (57 | ) |  | $ | (1,068 | )
As of March 31, 2017 |  |  |  |  |  |  |  |  |  |
Total Assets |  | $ | 10,147 |  |  | $ | 918 |  |  | $ | 1,031 |  |  | $ | (397 | ) |  | $ | 11,699 |
As of December 31, 2016 |  |  |  |  |  |  |  |  |  |
Total Assets |  | $ | 11,249 |  |  | $ | 1,118 |  |  | $ | 1,059 |  |  | $ | (398 | ) |  | $ | 13,028 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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