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SUPPLEMENTAL ACCOUNT BALANCES | 12 Months Ended
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Dec. 31, 2024
SUPPLEMENTAL INFORMATION [Abstract] |
SUPPLEMENTAL ACCOUNT BALANCES | SUPPLEMENTAL ACCOUNT BALANCES Other current assets, net — Other current assets, net include the following:
| December 31, 2024 |  | December 31, 2023
| (in millions)
Net amounts due from joint interest partners(a) | $ | 41 |  |  | $ | 43 |
Fair value of commodity derivative contracts | 14 |  |  | 21 |
Prepaid expenses | 28 |  |  | 19 |
Greenhouse gas allowances | 27 |  |  | 12 |
Income tax receivable | 50 |  |  | — |
All other | 16 |  |  | 18 |
Other current assets, net | $ | 176 |  |  | $ | 113 |
(a)Included in the net amounts due from joint interest partners are an insignificant amount of allowances as of December 31, 2024 and allowances of $3 million as of December 31, 2023. Other noncurrent assets — Other noncurrent assets include the following:
| December 31, 2024 |  | December 31, 2023
| (in millions)
Operating lease right-of-use assets | $ | 105 |  |  | $ | 73 |
Deferred financing costs - Revolving Credit Facility | 23 |  |  | 11 |
Emission reduction credits | 11 |  |  | 11 |
Prepaid power plant maintenance | 5 |  |  | 34 |
Fair value of commodity derivative contracts | 16 |  |  | 6 |
Funded pension | 67 |  |  | 2 |
All other | 45 |  |  | 11 |
Other noncurrent assets | $ | 272 |  |  | $ | 148 |
Accrued liabilities — Accrued liabilities include the following:
| December 31, 2024 |  | December 31, 2023
| (in millions)
Employee-related costs | $ | 184 |  |  | $ | 82 |
Taxes other than on income | 100 |  |  | 35 |
Asset retirement obligations | 134 |  |  | 99 |
Interest | 12 |  |  | 18 |
Operating lease liability | 15 |  |  | 15 |
Fair value of derivative contracts | 50 |  |  | 8 |
Premiums due on commodity derivative contracts | 14 |  |  | 21 |
Income taxes payable | — |  |  | 18 |
Payables for oil and natural gas production | 25 |  |  | 13 |
All other | 77 |  |  | 57 |
Accrued liabilities | $ | 611 |  |  | $ | 366 |
Other long-term liabilities — Other long-term liabilities includes the following:
| December 31, 2024 |  | December 31, 2023
| (in millions)
Compensation-related liabilities | $ | 50 |  |  | $ | 38 |
Postretirement and pension benefit plans | 59 |  |  | 36 |
Operating lease liability | 76 |  |  | 55 |
Fair value of derivative contracts | 45 |  |  | 2 |
Contingent liability(a) | 107 |  |  | 52 |
Other | 40 |  |  | 18 |
Other long-term liabilities | $ | 377 |  |  | $ | 201 |
(a)See Note 4 Investments and Related Party Transactions for information on the contingent liability related to the Carbon TerraVault JV.

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