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Basis of Presentation and Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2017
Accounting Policies [Abstract] |
Schedule of Error Corrections and Prior Period Adjustments, Condensed Consolidated Income Statement |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |  |  |  |  |  |
Net loss |  | $ | (921 | ) |  | $ | (147 | ) |  | $ | (1,068 | )
Depreciation, depletion and amortization |  | $ | 300 |  |  | $ | (8 | ) |  | $ | 292 |
Impairment of oil and natural gas properties |  | $ | 853 |  |  | $ | 144 |  |  | $ | 997 |
Provision for legal contingencies |  | $ | 22 |  |  | $ | 11 |  |  | $ | 33 |
Net cash used in operating activities |  | $ | (421 | ) |  | $ | — |  |  | $ | (421 | )
These revisions have been reflected in the comparative 2016 condensed consolidated financi al statements presented herein. See Evaluation of Disclosure Controls and Procedure s in Item 4 of this Form 10-Q. The following table reconciles the amounts as previously reported in the applicable financial statement to the corresponding revised amounts:
|  | Three Months Ended March 31, 2016
|  | As Previously Reported |  | Revision Adjustment |  | As Revised
|  | ($ in millions)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |  |  |  |  |  |
Provision for legal contingencies |  | $ | 22 |  |  | $ | 11 |  |  | $ | 33 |
Oil, natural gas and NGL depreciation, depletion and amortization |  | $ | 271 |  |  | $ | (8 | ) |  | $ | 263 |
Impairment of oil and natural gas properties |  | $ | 853 |  |  | $ | 144 |  |  | $ | 997 |
Total operating expenses |  | $ | 2,905 |  |  | $ | 147 |  |  | $ | 3,052 |
Loss from operations |  | $ | (952 | ) |  | $ | (147 | ) |  | $ | (1,099 | )
Loss before income taxes |  | $ | (921 | ) |  | $ | (147 | ) |  | $ | (1,068 | )
Net loss |  | $ | (921 | ) |  | $ | (147 | ) |  | $ | (1,068 | )
Net loss attributable to Chesapeake |  | $ | (921 | ) |  | $ | (147 | ) |  | $ | (1,068 | )
Net loss available to common stockholders |  | $ | (964 | ) |  | $ | (147 | ) |  | $ | (1,111 | )
Earnings (loss) per common share basic |  | $ | (1.44 | ) |  | $ | (0.22 | ) |  | $ | (1.66 | )
Earnings (loss) per common share diluted |  | $ | (1.44 | ) |  | $ | (0.22 | ) |  | $ | (1.66 | )
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) |  |  |  |  |  |
Net loss |  | $ | (921 | ) |  | $ | (147 | ) |  | $ | (1,068 | )
Comprehensive loss |  | $ | (921 | ) |  | $ | (147 | ) |  | $ | (1,068 | )
Comprehensive loss attributable to Chesapeake |  | $ | (921 | ) |  | $ | (147 | ) |  | $ | (1,068 | )
Schedule of Error Corrections and Prior Period Adjustments, Condensed Consolidated Statements of Comprehensive Income (Loss) |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |  |  |  |  |  |
Net loss |  | $ | (921 | ) |  | $ | (147 | ) |  | $ | (1,068 | )
Depreciation, depletion and amortization |  | $ | 300 |  |  | $ | (8 | ) |  | $ | 292 |
Impairment of oil and natural gas properties |  | $ | 853 |  |  | $ | 144 |  |  | $ | 997 |
Provision for legal contingencies |  | $ | 22 |  |  | $ | 11 |  |  | $ | 33 |
Net cash used in operating activities |  | $ | (421 | ) |  | $ | — |  |  | $ | (421 | )
These revisions have been reflected in the comparative 2016 condensed consolidated financi al statements presented herein. See Evaluation of Disclosure Controls and Procedure s in Item 4 of this Form 10-Q. The following table reconciles the amounts as previously reported in the applicable financial statement to the corresponding revised amounts:
|  | Three Months Ended March 31, 2016
|  | As Previously Reported |  | Revision Adjustment |  | As Revised
|  | ($ in millions)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |  |  |  |  |  |
Provision for legal contingencies |  | $ | 22 |  |  | $ | 11 |  |  | $ | 33 |
Oil, natural gas and NGL depreciation, depletion and amortization |  | $ | 271 |  |  | $ | (8 | ) |  | $ | 263 |
Impairment of oil and natural gas properties |  | $ | 853 |  |  | $ | 144 |  |  | $ | 997 |
Total operating expenses |  | $ | 2,905 |  |  | $ | 147 |  |  | $ | 3,052 |
Loss from operations |  | $ | (952 | ) |  | $ | (147 | ) |  | $ | (1,099 | )
Loss before income taxes |  | $ | (921 | ) |  | $ | (147 | ) |  | $ | (1,068 | )
Net loss |  | $ | (921 | ) |  | $ | (147 | ) |  | $ | (1,068 | )
Net loss attributable to Chesapeake |  | $ | (921 | ) |  | $ | (147 | ) |  | $ | (1,068 | )
Net loss available to common stockholders |  | $ | (964 | ) |  | $ | (147 | ) |  | $ | (1,111 | )
Earnings (loss) per common share basic |  | $ | (1.44 | ) |  | $ | (0.22 | ) |  | $ | (1.66 | )
Earnings (loss) per common share diluted |  | $ | (1.44 | ) |  | $ | (0.22 | ) |  | $ | (1.66 | )
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) |  |  |  |  |  |
Net loss |  | $ | (921 | ) |  | $ | (147 | ) |  | $ | (1,068 | )
Comprehensive loss |  | $ | (921 | ) |  | $ | (147 | ) |  | $ | (1,068 | )
Comprehensive loss attributable to Chesapeake |  | $ | (921 | ) |  | $ | (147 | ) |  | $ | (1,068 | )
Schedule of Error Corrections and Prior Period Adjustments, Condensed Consolidated Statements of Cash Flows |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |  |  |  |  |  |
Net loss |  | $ | (921 | ) |  | $ | (147 | ) |  | $ | (1,068 | )
Depreciation, depletion and amortization |  | $ | 300 |  |  | $ | (8 | ) |  | $ | 292 |
Impairment of oil and natural gas properties |  | $ | 853 |  |  | $ | 144 |  |  | $ | 997 |
Provision for legal contingencies |  | $ | 22 |  |  | $ | 11 |  |  | $ | 33 |
Net cash used in operating activities |  | $ | (421 | ) |  | $ | — |  |  | $ | (421 | )
These revisions have been reflected in the comparative 2016 condensed consolidated financi al statements presented herein. See Evaluation of Disclosure Controls and Procedure s in Item 4 of this Form 10-Q. The following table reconciles the amounts as previously reported in the applicable financial statement to the corresponding revised amounts:
|  | Three Months Ended March 31, 2016
|  | As Previously Reported |  | Revision Adjustment |  | As Revised
|  | ($ in millions)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |  |  |  |  |  |
Provision for legal contingencies |  | $ | 22 |  |  | $ | 11 |  |  | $ | 33 |
Oil, natural gas and NGL depreciation, depletion and amortization |  | $ | 271 |  |  | $ | (8 | ) |  | $ | 263 |
Impairment of oil and natural gas properties |  | $ | 853 |  |  | $ | 144 |  |  | $ | 997 |
Total operating expenses |  | $ | 2,905 |  |  | $ | 147 |  |  | $ | 3,052 |
Loss from operations |  | $ | (952 | ) |  | $ | (147 | ) |  | $ | (1,099 | )
Loss before income taxes |  | $ | (921 | ) |  | $ | (147 | ) |  | $ | (1,068 | )
Net loss |  | $ | (921 | ) |  | $ | (147 | ) |  | $ | (1,068 | )
Net loss attributable to Chesapeake |  | $ | (921 | ) |  | $ | (147 | ) |  | $ | (1,068 | )
Net loss available to common stockholders |  | $ | (964 | ) |  | $ | (147 | ) |  | $ | (1,111 | )
Earnings (loss) per common share basic |  | $ | (1.44 | ) |  | $ | (0.22 | ) |  | $ | (1.66 | )
Earnings (loss) per common share diluted |  | $ | (1.44 | ) |  | $ | (0.22 | ) |  | $ | (1.66 | )
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) |  |  |  |  |  |
Net loss |  | $ | (921 | ) |  | $ | (147 | ) |  | $ | (1,068 | )
Comprehensive loss |  | $ | (921 | ) |  | $ | (147 | ) |  | $ | (1,068 | )
Comprehensive loss attributable to Chesapeake |  | $ | (921 | ) |  | $ | (147 | ) |  | $ | (1,068 | )

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22663-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22644-107794 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22658-107794 + Details
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