Rendering

Component: (Network and Table)
Network
2312301 - Disclosure - Income Taxes (Tables)
(http://www.anadarko.com/role/IncomeTaxesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Income Tax Disclosure [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Income Tax Disclosure [Abstract]
 
Schedule of Components of Income Tax Expense (Benefit)
The following summarizes components of income tax expense (benefit) for the years ended December 31:
millions
2016
 
2015
 
2014
Current
 
 
 
 
 
Federal
$
(140
)
 
$
(177
)
 
$
188

State
(1
)
 
(18
)
 
2

Foreign
378

 
495

 
1,574

 
237

 
300

 
1,764

Deferred
 
 
 
 
 
Federal
(1,020
)
 
(2,929
)
 
(389
)
State
(148
)
 
(145
)
 
27

Foreign
(90
)
 
(103
)
 
215

 
(1,258
)
 
(3,177
)
 
(147
)
Total income tax expense (benefit)
$
(1,021
)
 
$
(2,877
)
 
$
1,617

 
 
Schedule of Effective Income Tax Rate Reconciliation
The following summarizes the sources of these differences for the years ended December 31:
millions except percentages
2016
 
2015
 
2014
Income (loss) before income taxes
 
 
 
 
 
Domestic
$
(3,728
)
 
$
(9,155
)
 
$
(3,564
)
Foreign
(101
)
 
(534
)
 
3,618

Total
$
(3,829
)
 
$
(9,689
)
 
$
54

U.S. federal statutory tax rate
35
%
 
35
%
 
35
%
Tax computed at the U.S. federal statutory rate
$
(1,340
)
 
$
(3,391
)
 
$
19

Adjustments resulting from
 
 
 
 
 
State income taxes (net of federal income tax benefit)
(108
)
 
(81
)
 
(11
)
Tax impact from foreign operations
80

 
299

 
62

Non-deductible Algerian exceptional profits tax
106

 
102

 
193

Net changes in uncertain tax positions
90

 
54

 
1,427

(Income) loss attributable to noncontrolling interests
(92
)
 
42

 
(66
)
Dispositions of non-deductible goodwill
205

 
62

 
21

Other, net
38

 
36

 
(28
)
Total income tax expense (benefit)
$
(1,021
)
 
$
(2,877
)
 
$
1,617

Effective tax rate
27
%
 
30
%
 
2,994
%
 
 
Deferred Tax Assets (Liabilities) Table
The following summarizes components of total deferred taxes at December 31:
millions
2016
 
2015
Federal
$
(3,805
)
 
$
(4,721
)
State, net of federal
(173
)
 
(248
)
Foreign
(332
)
 
(431
)
Total deferred taxes
$
(4,310
)
 
$
(5,400
)

The following summarizes tax effects of temporary differences that give rise to significant portions of the deferred tax assets (liabilities) at December 31:
millions
2016
 
2015
Deferred tax liabilities
 
 
 
Oil and gas exploration and development operations
$
(5,054
)
 
$
(5,643
)
Midstream and other depreciable properties
(870
)
 
(1,049
)
Mineral operations
(550
)
 
(492
)
Other
(147
)
 
(470
)
Gross long-term deferred tax liabilities
(6,621
)
 
(7,654
)
Deferred tax assets
 
 
 
Foreign and state net operating loss carryforwards
648

 
586

U.S. foreign tax credit carryforwards
1,834

 
1,254

Compensation and benefit plans
672

 
615

Mark to market on derivatives
324

 
441

Other
588

 
761

Gross long-term deferred tax assets
4,066

 
3,657

Valuation allowances on deferred tax assets not expected to be realized
(1,755
)
 
(1,403
)
Net long-term deferred tax assets
2,311

 
2,254

Total deferred taxes
$
(4,310
)
 
$
(5,400
)
 
 
Valuation Allowances on Deferred Tax Assets Rollforward
The following summarizes changes in the balance of valuation allowances on deferred tax assets:
millions
2016
 
2015
 
2014
Balance at January 1
$
(1,403
)
 
$
(864
)
 
$
(818
)
Changes due to U.S. foreign tax credits
(477
)
 
(384
)
 
11

Changes due to foreign and state net operating loss carryforwards
13

 
10

 
64

Changes due to foreign capitalized costs
112

 
(165
)
 
(121
)
Balance at December 31
$
(1,755
)
 
$
(1,403
)
 
$
(864
)



 
 
Schedule of Operating Loss Carryforwards
Tax carryforwards available for use on future income tax returns, prior to valuation allowance, at December 31, 2016, were as follows:
millions
Domestic
 
Foreign
 
Expiration
Net operating loss—foreign
$

 
$
1,498

 
2017 - Indefinite
Net operating loss—state
$
4,888

 
$

 
2017-2036
 
 
Schedule of Tax Credit Carryforwards
Tax carryforwards available for use on future income tax returns, prior to valuation allowance, at December 31, 2016, were as follows:
millions
Domestic
 
Foreign
 
Expiration
Foreign tax credits
$
1,834

 
$

 
2023-2027
Texas margins tax credit
$
34

 
$

 
2026
 
 
Taxes Receivable (Payable) Table
The following summarizes taxes receivable (payable) related to income tax expense (benefit) at December 31:
millions
 
 
 
 
Balance Sheet Classification
 
2016
 
2015
Income taxes receivable
 
 
 
 
Accounts receivable—other
 
$
180

 
$
1,046

Other assets
 
67

 
61

 
 
247

 
1,107

Income taxes (payable)
 
 
 
 
Accrued expense
 
(6
)
 
(9
)
Total net income taxes receivable (payable)
 
$
241

 
$
1,098

 
 
Unrecognized Tax Benefits Rollforward
Changes in the balance of unrecognized tax benefits excluding interest and penalties on uncertain tax positions were as follows:
 
Assets (Liabilities)
millions
2016
 
2015
 
2014
Balance at January 1
$
(1,780
)
 
$
(1,687
)
 
$
(147
)
Increases related to prior-year tax positions
(86
)
 
(99
)
 
(11
)
Decreases related to prior-year tax positions
436

 
89

 
39

Increases related to current-year tax positions
(26
)
 
(263
)
 
(1,568
)
Settlements

 
180

 

Balance at December 31
$
(1,456
)
 
$
(1,780
)
 
$
(1,687
)
 
 
Tax Years Subject to Examination by Major Tax Jurisdiction Table
The following lists the tax years subject to examination by major tax jurisdiction:
 
Tax Years
United States
2012-2015
Algeria
2012-2015
Ghana
2006-2015