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Other Liabilities | 9 Months Ended
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Sep. 30, 2020
Other Liabilities Disclosure [Abstract] |
Other Liabilities | Other Liabilities Other current liabilities as of September 30, 2020 and December 31, 2019 are detailed below:
|  | September 30, 2020 |  | December 31, 2019
|  | ($ in millions)
Revenues and royalties due others |  | $ | 235 |  |  | $ | 516 |
Accrued drilling and production costs |  | 88 |  |  | 326 |
Debt and equity financing fees |  | 69 |  |  | — |
Joint interest prepayments received |  | 27 |  |  | 52 |
Operating leases(a) |  | 23 |  |  | 9 |
Accrued reorganization professional fees |  | 23 |  |  | — |
VPP deferred revenue(b) |  | 22 |  |  | 55 |
Accrued compensation and benefits(c) |  | 61 |  |  | 156 |
Other accrued taxes |  | 123 |  |  | 150 |
Other |  | 82 |  |  | 168 |
Total other current liabilities |  | $ | 753 |  |  | $ | 1,432 |
Other long-term liabilities as of September 30, 2020 and December 31, 2019 are detailed below:
|  | September 30, 2020 |  | December 31, 2019
|  | ($ in millions)
VPP deferred revenue(b) |  | $ | — |  |  | $ | 9 |
Other |  | 16 |  |  | 116 |
Total other long-term liabilities |  | $ | 16 |  |  | $ | 125 |
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(a) | In the Current Quarter, we entered into a drilling rig contract that extends through 2021 and recorded an operating lease liability and right-of-use asset.
(b) | At the inception of our volumetric production payment (VPP) agreements, we (i) removed the proved reserves associated with the VPP, (ii) recognized VPP proceeds as deferred revenue which are being amortized on a unit-of-production basis to other revenue over the term of the VPP, (iii) retained responsibility for the production costs and capital costs related to VPP interests and (iv) ceased recognizing production associated with the VPP volumes. The remaining deferred revenue balance will be recognized in other revenues in the consolidated statement of operations through 2021, assuming the related VPP production volumes are delivered as scheduled.
(c) In the Current Period, we terminated our nonqualified deferred compensation plan. Accordingly, we derecognized the asset associated with the plan after the participants’ investments were liquidated. The cash was distributed to the participants, and we extinguished the corresponding $43 million accrued liability.

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- Definition The entire disclosure for other liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20,24) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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