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Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2017

Oxy

Related Party Transaction [Line Items]

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 March 31,
	2017				2016
Revenues	$	234			$	112
Purchases and related costs (1)	$	(40	)		$	(46	)

⁽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):

	March 31, 2017				December 31, 2016
Trade accounts receivable and other receivables	$	872			$	789
Accounts payable	$	818			$	836

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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.

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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.

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