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Related Party Transactions (Tables) | 6 Months Ended
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Jun. 30, 2016
Oxy |
Related Party Transactions |
Schedule of related party transactions | The impact to our Condensed Consolidated Statements of Operations from those transactions is included below (in millions):
|  | Three Months Ended |  | Six Months Ended |
|  | June 30, |  | June 30, |
|  | 2016 |  | 2015 |  | 2016 |  | 2015 |
Revenues |  | $ | 142 |  | $ | 382 |  | $ | 254 |  | $ | 558 |
Purchases and related costs (1) |  | $ | (4 | ) | $ | 41 |  | $ | (50 | ) | $ | 146 |
| (1) |  | Purchases and related costs include crude oil buy/sell transactions that are accounted for as inventory exchanges and are presented net in our Condensed Consolidated Statements of Operations.
We currently have a netting arrangement with O xy. Our gross receivable and payable amounts with O xy on our Condensed Consolidated Balance Sheets were as follows (in millions):
|  | June 30, |  | December 31, |
|  | 2016 |  | 2015 |
Trade accounts receivable and other receivables |  | $ | 495 |  | $ | 405 |
Accounts payable |  | $ | 460 |  | $ | 363 |

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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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