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Discontinued Operations and Assets Held for Sale (Tables)

6 Months Ended

Jun. 30, 2020

Discontinued Operations And Disposal Groups [Abstract]

Summary of Amounts Reported as Discontinued Operations in the Consolidated Statements of Comprehensive Earnings and Carrying Amounts of Assets and Liabilities Classified as Held for Sale on the Consolidated Balance Sheets

The following table presents the amounts reported in the consolidated statements of comprehensive earnings as discontinued operations.

		Three Months Ended June 30,												Six Months Ended June 30,
		Barnett Shale				Canada				Total				Barnett Shale				Canada				Total
2020
Oil, gas and NGL sales		$	77			$	—			$	77			$	169			$	—			$	169
Total revenues			77				—				77				169				—				169
Production expenses			74				—				74				148				—				148
Asset impairments			—				—				—				179				—				179
Asset dispositions			—				(2	)			(2	)			—				(2	)			(2	)
General and administrative expenses			—				—				—				—				1				1
Financing costs, net			—				—				—				—				(2	)			(2	)
Other expenses			2				(6	)			(4	)			(11	)			4				(7	)
Total expenses			76				(8	)			68				316				1				317
Earnings (loss) from discontinued operations before income taxes			1				8				9				(147	)			(1	)			(148	)
Income tax benefit			—				—				—				(32	)			—				(32	)
Net earnings (loss) from discontinued operations, net of tax		$	1			$	8			$	9			$	(115	)		$	(1	)		$	(116	)
2019
Oil, gas and NGL sales		$	115			$	379			$	494			$	264			$	730			$	994
Oil, gas and NGL derivatives			—				9				9				—				(95	)			(95	)
Marketing and midstream revenues			—				12				12				—				38				38
Total revenues			115				400				515				264				673				937
Production expenses			76				153				229				157				294				451
Exploration expenses			—				4				4				—				13				13
Marketing and midstream expenses			—				9				9				—				18				18
Depreciation, depletion and amortization			20				49				69				40				128				168
Asset impairments			—				37				37				—				37				37
Asset dispositions			1				(189	)			(188	)			2				(189	)			(187	)
General and administrative expenses			—				13				13				—				31				31
Financing costs, net			—				13				13				—				26				26
Restructuring and transaction costs			—				236				236				—				239				239
Other expenses			—				31				31				6				3				9
Total expenses			97				356				453				205				600				805
Earnings from discontinued operations before income taxes			18				44				62				59				73				132
Income tax expense (benefit)			3				(285	)			(282	)			12				(285	)			(273	)
Net earnings from discontinued operations, net of tax		$	15			$	329			$	344			$	47			$	358			$	405

The following table presents the carrying amounts of the assets and liabilities associated with discontinued operations on the consolidated balance sheets.

		As of June 30, 2020												As of December 31, 2019
		Barnett Shale				Canada				Total				Barnett Shale				Canada				Total
Cash restricted for discontinued operations		$	20			$	175			$	195			$	25			$	355			$	380
Accounts receivable		$	47			$	2			$	49			$	38			$	1			$	39
Other current assets			5				2				7				5				2				7
Oil and gas property and equipment, based on    successful efforts accounting, net			593				—				593				751				—				751
Other property and equipment, net			11				—				11				11				—				11
Goodwill			88				—				88				88				—				88
Other long-term assets			—				82				82				—				81				81
Total assets associated with discontinued operations		$	744			$	86			$	830			$	893			$	84			$	977
Accounts payable		$	18			$	3			$	21			$	15			$	4			$	19
Revenues and royalties payable			33				3				36				44				3				47
Other current liabilities			188				53				241				19				233				252
Asset retirement obligations			143				—				143				141				—				141
Other long-term liabilities			15				147				162				16				169				185
Total liabilities associated with discontinued operations		$	397			$	206			$	603			$	235			$	409			$	644

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Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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