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Related Party Transactions (Tables) | 9 Months Ended
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Sep. 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 September 30, |  | Nine Months Ended September 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
Revenues | $ | 171 |  |  | $ | 187 |  |  | $ | 424 |  |  | $ | 745 |
Purchases and related costs (1) | $ | 4 |  |  | $ | (34 | ) |  | $ | (46 | ) |  | $ | 112 |
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(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 Oxy. Our gross receivable and payable amounts with Oxy were as follows (in millions):
| September 30, 2016 |  | December 31, 2015
Trade accounts receivable and other receivables | $ | 610 |  |  | $ | 405 |
Accounts payable | $ | 587 |  |  | $ | 363 |

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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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