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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued) 5.

Other Liabilities Other current liabilities as of December 31, 2016 and 2015 are detailed below. December 31, 2016

Revenues and royalties due others ............................................................... Accrued drilling and production costs ........................................................... Joint interest prepayments received ............................................................. Accrued compensation and benefits ............................................................. Other accrued taxes ...................................................................................... Bank of New York Mellon legal accrual ......................................................... Minimum gathering volume commitment ...................................................... Other ............................................................................................................. Total other current liabilities ..................................................................

2015 ($ in millions) 543 $ 169 71 239 32 440 — 304 1,798 $

$

$

500 212 169 264 37 439 201 397 2,219

Other long-term liabilities as of December 31, 2016 and 2015 are detailed below. December 31, 2016 (a)

CHK Utica ORRI conveyance obligation .................................................... Financing obligations .................................................................................... Unrecognized tax benefits ............................................................................ Other ............................................................................................................. Total other long-term liabilities ..............................................................

$

$

2015 ($ in millions) 160 $ — 97 126 383 $

190 29 64 126 409

____________________________________________ (a)

Approximately $43 million and $21 million of the total $203 million and $211 million obligations are recorded in other current liabilities as of December 31, 2016 and 2015, respectively. See Noncontrolling Interests in Note 8 for further discussion of the transaction.

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Profile for Chesapeake Energy

2016 Annual Report  

2016 Annual Report