Quarterly report pursuant to Section 13 or 15(d)

ASSET RETIREMENT OBLIGATIONS (Tables)

v3.22.2.2
ASSET RETIREMENT OBLIGATIONS (Tables)
 9 Months Ended
Sep. 30, 2022
Asset Retirement Obligation [Abstract]  
Summary Of Asset Retirement Obligations
The following is a summary of our asset retirement obligations:
(In Millions)
September 30,
2022		 December 31,
2021
Asset retirement obligations1
$ 522  $ 449 
Less: current portion 17  35 
Long-term asset retirement obligations $ 505  $ 414 
1 Includes $279 million and $293 million related to our active operations as of September 30, 2022 and December 31, 2021, respectively.
Schedule of Change in Asset Retirement Obligation
The following is a roll forward of our asset retirement obligation liability:
(In Millions)
2022 2021
Asset retirement obligation as of January 1 $ 449  $ 342 
Increase from acquisitions —  57 
Accretion expense 21  13 
Reclassification from environmental obligations 63  — 
Revision in estimated cash flows 22  — 
Remediation payments (33) (20)
Asset retirement obligation as of September 30 $ 522  $ 392