XML 20 R9.htm IDEA: XBRL DOCUMENT v3.4.0.3
OTHER INFORMATION
3 Months Ended
Mar. 31, 2016
OTHER INFORMATION  
OTHER INFORMATION

 

NOTE 3OTHER INFORMATION

 

Other current assets at March 31, 2016 and December 31, 2015, include amounts due from joint interest partners, net of allowance for doubtful accounts, of approximately $42 million for both years, net deferred tax assets of $47 million and $59 million, and derivatives from commodities contracts of $79 million and $87 million, respectively.

 

Other long-term liabilities include asset retirement obligations of $344 million and $343 million at March 31, 2016 and December 31, 2015, respectively.

 

Other revenue and other (income) / expenses largely comprised sales and the associated costs, respectively, of the portion of electricity generated by our power plant that is sold to third parties.  In 2016, other (income) / expenses also included gains related to the repurchase of certain senior unsecured notes.

 

Financial Instruments Fair Value

 

The carrying amounts of cash and other on-balance sheet financial instruments, other than debt, approximate fair value.

 

Supplemental Cash Flow Information

 

We did not make United States federal and state income tax payments during the three-month periods ended March 31, 2016 and 2015.  Interest paid totaled approximately $48 million and $54 million for the three months ended March 31, 2016 and 2015, respectively.