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v3.20.4

Other Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2020
Other Liabilities Disclosure [Abstract] |
Other current liabilities | Other current liabilities as of December 31, 2020 and 2019 are detailed below:
|  | December 31,
|  | 2020 |  | 2019
|  | ($ in millions)
Revenues and royalties due others |  | $ | 236 |  |  | $ | 516 |
Accrued drilling and production costs |  | 104 |  |  | 326 |
Other accrued taxes |  | 82 |  |  | 150 |
Debt and equity financing fees |  | 69 |  |  | — |
Accrued compensation and benefits |  | 59 |  |  | 156 |
Operating leases |  | 24 |  |  | 9 |
Joint interest prepayments received |  | 8 |  |  | 52 |
VPP deferred revenue(a) |  | — |  |  | 55 |
Other |  | 141 |  |  | 168 |
Total other current liabilities |  | $ | 723 |  |  | $ | 1,432 |
Other long-term liabilities | Other long-term liabilities as of December 31, 2020 and 2019 are detailed below:
|  | December 31,
|  | 2020 |  | 2019
|  | ($ in millions)
VPP deferred revenue(a) |  | $ | — |  |  | $ | 9 |
Other |  | 5 |  |  | 116 |
Total other long-term liabilities |  | $ | 5 |  |  | $ | 125 |
____________________________________________ (a)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 were 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. In 2020, we sold the assets related to our remaining VPP and extinguished the liability related to our production volume delivery obligation.

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- Definition Tabular disclosure of other current liabilities. + References No definition available. + Details
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- Definition Tabular disclosure of other noncurrent liabilities. + References No definition available. + Details
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