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Revenue Recognition | 12 Months Ended
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Dec. 31, 2019
Revenue from Contract with Customer [Abstract] |
Revenue Recognition | Revenue Recognition The FASB issued Revenue from Contracts with Customers (Topic 606) superseding virtually all existing revenue recognition guidance. We adopted this new standard in the first quarter of 2018 using the modified retrospective approach. We applied the new standard to all contracts that were not completed as of January 1, 2018 and reflected the aggregate effect of all modifications in determining and allocating the transaction price. The cumulative effect of adoption of $8 million did not have a material impact on our consolidated financial statements. The following table shows revenue disaggregated by operating area and product type, for the years ended December 31, 2019 and 2018:
|  | Year Ended December 31, 2019
|  | Oil |  | Natural Gas |  | NGL |  | Total
|  | ($ in millions)
Marcellus |  | $ | — |  |  | $ | 856 |  |  | $ | — |  |  | $ | 856 |
Haynesville |  | — |  |  | 620 |  |  | — |  |  | 620 |
Eagle Ford |  | 1,289 |  |  | 153 |  |  | 119 |  |  | 1,561 |
Brazos Valley |  | 721 |  |  | 32 |  |  | 16 |  |  | 769 |
Powder River Basin |  | 369 |  |  | 77 |  |  | 32 |  |  | 478 |
Mid-Continent |  | 164 |  |  | 44 |  |  | 25 |  |  | 233 |
Revenue from contracts with customers |  | 2,543 |  |  | 1,782 |  |  | 192 |  |  | 4,517 |
Gains (losses) on oil, natural gas and NGL derivatives |  | (212 | ) |  | 217 |  |  | — |  |  | 5 |
Oil, natural gas and NGL revenue |  | $ | 2,331 |  |  | $ | 1,999 |  |  | $ | 192 |  |  | $ | 4,522 |
Marketing revenue from contracts with customers |  | $ | 2,473 |  |  | $ | 900 |  |  | $ | 246 |  |  | $ | 3,619 |
Other marketing revenue |  | 311 |  |  | 41 |  |  | — |  |  | 352 |
Losses on marketing derivatives |  | — |  |  | (4 | ) |  | — |  |  | (4 | )
Marketing revenue |  | $ | 2,784 |  |  | $ | 937 |  |  | $ | 246 |  |  | $ | 3,967 |
|  | Year Ended December 31, 2018
|  | Oil |  | Natural Gas |  | NGL |  | Total
|  | ($ in millions)
Marcellus |  | $ | — |  |  | $ | 924 |  |  | $ | — |  |  | $ | 924 |
Haynesville |  | 2 |  |  | 836 |  |  | — |  |  | 838 |
Eagle Ford |  | 1,514 |  |  | 173 |  |  | 185 |  |  | 1,872 |
Powder River Basin |  | 244 |  |  | 68 |  |  | 38 |  |  | 350 |
Mid-Continent |  | 246 |  |  | 84 |  |  | 55 |  |  | 385 |
Utica |  | 195 |  |  | 401 |  |  | 224 |  |  | 820 |
Revenue from contracts with customers |  | 2,201 |  |  | 2,486 |  |  | 502 |  |  | 5,189 |
Gains (losses) on oil, natural gas and NGL derivatives |  | 124 |  |  | (147 | ) |  | (11 | ) |  | (34 | )
Oil, natural gas and NGL revenue |  | $ | 2,325 |  |  | $ | 2,339 |  |  | $ | 491 |  |  | $ | 5,155 |
Marketing revenue from contracts with customers |  | $ | 2,740 |  |  | $ | 1,194 |  |  | $ | 456 |  |  | $ | 4,390 |
Other marketing revenue |  | 457 |  |  | 222 |  |  | — |  |  | 679 |
Gains on marketing derivatives |  | — |  |  | 7 |  |  | — |  |  | 7 |
Marketing revenue |  | $ | 3,197 |  |  | $ | 1,423 |  |  | $ | 456 |  |  | $ | 5,076 |
Accounts Receivable Accounts receivable as of December 31, 2019 and 2018 are detailed below:
|  | December 31,
|  | 2019 |  | 2018
|  | ($ in millions)
Oil, natural gas and NGL sales |  | $ | 737 |  |  | $ | 976 |
Joint interest billings |  | 200 |  |  | 211 |
Other |  | 74 |  |  | 77 |
Allowance for doubtful accounts |  | (21 | ) |  | (17 | )
Total accounts receivable, net |  | $ | 990 |  |  | $ | 1,247 |

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- References No definition available. + Details
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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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