XML 46 R27.htm IDEA: XBRL DOCUMENT v3.3.1.900
THE SPIN-OFF, SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND OTHER (Tables)
 12 Months Ended
Dec. 31, 2015
THE SPIN-OFF, SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND OTHER  
Summary of the activity of capitalized exploratory well costs

 

 

 

2015

 

2014

 

2013

 

 

 

 

 

(in millions)

 

 

 

Balance - Beginning of Year

 

$
4

 

$
18

 

$
18

 

Additions to capitalized exploratory well costs pending the determination of proved reserves

 
16

 
3

 
46

 

Reclassification to property, plant and equipment based on the determination of proved reserves

 
(5)

 
(8)

 
(31)

 

Capitalized exploratory well costs charged to expense

 
(9)

 
(9)

 
(15)

 

 

 

 

 

 

 

 

 

Balance - End of Year

 

$
6

 

$
4

 

$
18

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of the activity of the asset retirement obligation

 

 

 

For the years ended
December 31,

 

 

 

2015

 

2014

 

 

 

(in millions)

 

Beginning balance

 

$
415

 

$
415

 

Liabilities incurred - capitalized to PP&E

 
7

 
19

 

Liabilities settled and paid

 
(18)

 
(29)

 

Accretion expense

 
20

 
22

 

Acquisitions, disposition and other - changes in PP&E

 

—

 
22

 

Revisions to estimated cash flows - changes in PP&E

 
(67)

 
(34)

 

 

 

 

 

 

 

Ending balance

 

$
357

 

$
415