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Document and Entity Information
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9 Months Ended |
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Sep. 30, 2015
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| Document And Entity Information [Abstract] | |
| Entity Registrant Name | QEP RESOURCES, INC. |
| Entity Central Index Key | 0001108827 |
| Current Fiscal Year End Date | --12-31 |
| Entity Well-known Seasoned Issuer | Yes |
| Entity Voluntary Filers | No |
| Entity Current Reporting Status | Yes |
| Entity Filer Category | Large Accelerated Filer |
| Entity Common Stock, Shares Outstanding | 176,736,956 |
| Document Fiscal Year Focus | 2015 |
| Document Fiscal Period Focus | Q3 |
| Document Type | 10-Q |
| Amendment Flag | false |
| Document Period End Date | Sep. 30, 2015 |
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- Definition
If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition
Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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- Definition
Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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- Details
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- Definition
Income (Loss) from Equity Method Investments Continuing Operations No definition available.
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- Definition
Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate dividends paid during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Exploration expenses (including prospecting) related to oil and gas producing entities and would be included in operating expenses of that entity. Costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property. Principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities and other costs of exploration activities, are: (i) Costs of topographical, geographical and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these are sometimes referred to as geological and geophysical or "G&G" costs. (ii) Costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on properties, legal costs for title defense, and the maintenance of land and lease records. (iii) Dry hole contributions and bottom hole contributions. (iv) Costs of drilling and equipping exploratory wells. (v) Costs of drilling exploratory-type stratigraphic test wells. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate gain on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cost incurred related to the gas activities, such as transportation, marketing and processing crude oil, natural gas and refined petroleum products. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenue related to midstream and downstream gas activities. May include the following: gathering from wells, processing to remove impurities, storage, transmission, and the sale of natural gas and related products. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of lease operating expense related to property used in oil and gas production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Midstream refers to those gas industry activities that fall between exploration and production (upstream) and refining and marketing (downstream). It may be applied to the gathering, processing, transmission and storage of natural gas; including the treating of natural gas to remove impurities, along with the sale of by-products such as residue gas, natural gas liquids and condensate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenue from natural gas production during the reporting period. Natural gas consists largely of the hydrocarbon methane, and is found in underground formations either by itself or with crude oil. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenue from sale of residue oil and condensate, which normally exists in the reservoir as gas but condenses out as a liquid during production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue during the period related to oil and gas business activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
A tax assessed on oil and gas production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cost incurred related to the downstream oil and gas activities, including refining of crude oil and marketing and distribution of crude oil, refined petroleum products, and natural gas. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenue related to the downstream oil and gas activities, including the refining of crude oil, as well as the marketing and distribution of crude oil, refined petroleum products, and natural gas. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Depreciation, depletion, amortization, and accretion related to oil and gas producing activities. No definition available.
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- Details
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- Definition
Cost incurred during the reporting period in transporting goods and services to customers. Includes freight-out costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||||
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Sep. 30, 2015
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Sep. 30, 2014
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Sep. 30, 2015
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Sep. 30, 2014
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| Statement of Comprehensive Income [Abstract] | ||||||||||||
| Net income (loss) | $ 21.1 | $ 171.1 | $ (110.8) | $ 118.5 | ||||||||
| Pension and other postretirement plans adjustments: | ||||||||||||
| Amortization of net actuarial loss | 0.2 | [1] | 0.2 | [1] | 0.4 | [1] | ||||||
| Amortization of prior service cost | 0.3 | [2] | 0.7 | [2] | 0.9 | [2] | 2.4 | [2] | ||||
| Other comprehensive income | 0.3 | 0.9 | 1.1 | 2.8 | ||||||||
| Comprehensive income (loss) | $ 21.4 | $ 172.0 | $ (109.7) | $ 121.3 | ||||||||
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- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount after tax of reclassification adjustment from accumulated other comprehensive (income) loss for prior service cost (credit) related to pension and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after tax of reclassification adjustment from accumulated other comprehensive income (loss) for actuarial gain (loss) related to pension and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2015
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Sep. 30, 2014
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Sep. 30, 2015
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Sep. 30, 2014
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| Pension and other postretirement plans adjustments: | ||||
| Tax expense on net unamortized loss incurred | $ 0 | $ 0 | $ 0.2 | $ 0.2 |
| Tax expense on prior service cost incurred | $ 0.1 | $ 0.5 | $ 0.5 | $ 1.5 |
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- Definition
Amount of tax expense (benefit) related to (increase) decrease in the value of the projected benefit obligation related to a change in an actuarial assumption and increase (decrease) in the value of the plan assets resulting from experience different from that assumed, that has not been recognized in net periodic benefit (cost) credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of tax (expense) benefit of reclassification adjustment from accumulated other comprehensive (income) loss for prior service cost (credit) related to pension and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2015
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Dec. 31, 2014
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|---|---|---|
| Current Assets | ||
| Cash and cash equivalents | $ 495.8 | $ 1,160.1 |
| Accounts receivable, net | 316.2 | 441.9 |
| Fair value of derivative contracts | 183.9 | 339.0 |
| Gas, oil and NGL inventories at lower of average cost or market | 12.2 | 13.7 |
| Prepaid expenses and other | 32.4 | 46.8 |
| Total Current Assets | 1,040.5 | 2,001.5 |
| Property, Plant and Equipment (successful efforts method for gas and oil properties) | ||
| Proved properties | 12,911.5 | 12,278.7 |
| Unproved properties | 839.5 | 825.2 |
| Marketing and resources | 298.0 | 293.8 |
| Material and supplies | 35.9 | 54.3 |
| Total Property, Plant and Equipment | 14,084.9 | 13,452.0 |
| Less Accumulated Depreciation, Depletion and Amortization | ||
| Exploration and production | 6,653.7 | 6,153.0 |
| Marketing and other | 82.7 | 67.8 |
| Total Accumulated Depreciation, Depletion and Amortization | 6,736.4 | 6,220.8 |
| Net Property, Plant and Equipment | 7,348.5 | 7,231.2 |
| Fair value of derivative contracts | 17.0 | 9.9 |
| Other noncurrent assets | 50.1 | 44.2 |
| TOTAL ASSETS | 8,456.1 | 9,286.8 |
| Current Liabilities | ||
| Checks outstanding in excess of cash balances | 12.8 | 54.7 |
| Accounts payable and accrued expenses | 409.2 | 575.4 |
| Income taxes payable | 0 | 532.1 |
| Production and property taxes | 58.8 | 61.7 |
| Interest payable | 33.7 | 36.4 |
| Deferred income taxes | 47.4 | 84.5 |
| Current portion of long-term debt | 176.7 | 0 |
| Total Current Liabilities | 738.6 | 1,344.8 |
| Long-term debt | 2,041.8 | 2,218.1 |
| Deferred income taxes | 1,423.2 | 1,362.7 |
| Asset retirement obligations | 187.7 | 193.8 |
| Other long-term liabilities | 92.7 | 92.1 |
| Commitments and contingencies (Note 11) | ||
| EQUITY | ||
| Common stock - par value $0.01 per share; 500.0 million shares authorized; 177.1 million and 176.2 million shares issued, respectively | 1.8 | 1.8 |
| Treasury stock - 0.4 million and 0.8 million shares, respectively | (10.0) | (25.4) |
| Additional paid-in capital | 544.1 | 535.3 |
| Retained earnings | 3,459.3 | 3,587.9 |
| Accumulated other comprehensive income (loss) | (23.1) | (24.3) |
| Total Common Shareholders' Equity | 3,972.1 | 4,075.3 |
| TOTAL LIABILITIES AND EQUITY | $ 8,456.1 | $ 9,286.8 |
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- Definition
Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of obligations incurred and payable for real and property taxes. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Noncurrent portion of the carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of payments made in excess of existing cash balances, which will be honored by the bank but reflected as a loan to the entity. Overdrafts generally have a very short time frame for correction or repayment and are therefore more similar to short-term bank financing than trade financing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards net of valuation allowances expected to be realized or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards net of valuation allowances expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date of the asset arising from derivative instruments and hedging activities, which are expected to be converted into cash or otherwise disposed of within a year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Carrying amount as of the balance sheet date of the assets arising from derivative contracts and hedging activities, which are expected to be converted into cash or otherwise disposed of after a year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies relating to a source of usable power held for future sale or future use in manufacturing or production process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Carrying amount as of the balance sheet date of inventories of minerals, materials and supplies related to long-term drilling operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Amount of accumulated depreciation, depletion and amortization of oil and gas property carried under the successful effort method. Oil and gas property include, but not limited to, the entity's wells and related equipment and facilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
|
- Definition
Amount before accumulated depreciation, depletion and amortization of other physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The cumulative amount of depreciation (related to capitalized assets classified as property, plant and equipment not otherwise defined in the taxonomy) that has been recognized in the income statement. No definition available.
|
| X | ||||||||||
|
- Definition
Oil and Gas properties with proved reserves under the successful effort method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Details
|
| X | ||||||||||
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- Definition
The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Oil and Gas properties with unproved reserves under the successful effort method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying value as of the balance sheet date of the portion of long-term, uncollateralized debt obligations due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) (USD $)
In Millions, except Per Share data, unless otherwise specified |
Sep. 30, 2015
|
Dec. 31, 2014
|
|---|---|---|
| EQUITY | ||
| Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
| Common stock, shares authorized (in shares) | 500.0 | 500.0 |
| Common stock, shares issued (in shares) | 177.1 | 176.2 |
| Treasury stock (in shares) | 0.4 | 0.8 |
| X | ||||||||||
|
- Definition
Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
|
- Definition
Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | |
|---|---|---|
|
Sep. 30, 2015
|
Sep. 30, 2014
|
|
| OPERATING ACTIVITIES | ||
| Net income (loss) | $ (110.8) | $ 118.5 |
| Net income attributable to noncontrolling interest | 0 | 17.6 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 649.3 | 755.8 |
| Deferred income taxes | 22.7 | 91.5 |
| Impairment | 35.5 | 3.6 |
| Share-based compensation | 23.3 | 23.7 |
| Pension curtailment loss | 11.2 | 0 |
| Amortization of debt issuance costs and discounts | 4.7 | 5.1 |
| Net (gain) loss from asset sales | (6.9) | 210.3 |
| Income from unconsolidated affiliates | 0 | (4.6) |
| Distributions from unconsolidated affiliates and other | 0 | 5.1 |
| Unrealized (gains) loss on derivative contracts | 148.0 | (65.9) |
| Changes in operating assets and liabilities | (503.1) | 59.0 |
| Net Cash Provided by Operating Activities | 273.9 | 1,219.7 |
| INVESTING ACTIVITIES | ||
| Property acquisitions | (23.5) | (949.7) |
| Property, plant and equipment, including dry exploratory well expense | (862.6) | (1,270.4) |
| Proceeds from disposition of assets | 5.2 | 706.2 |
| Acquisition deposit held in escrow | 0 | 50.0 |
| Other investing activities | 0 | 3.2 |
| Net Cash Used in Investing Activities | (880.9) | (1,460.7) |
| FINANCING ACTIVITIES | ||
| Checks outstanding in excess of cash balances | (41.9) | (81.1) |
| Long-term debt issued | 0 | 300.0 |
| Long-term debt issuance costs paid | 0 | (1.1) |
| Proceeds from credit facility | 0 | 4,509.0 |
| Repayments of credit facility | 0 | (4,461.5) |
| Treasury stock repurchases | (2.3) | (6.6) |
| Other capital contributions | (0.1) | 5.1 |
| Dividends paid | (10.6) | (10.8) |
| Excess tax (provision) benefit on equity-based compensation | (2.4) | (0.6) |
| Distribution to noncontrolling interest | 0 | (23.3) |
| Net Cash (Used In) Provided by Financing Activities | (57.3) | 229.1 |
| Change in cash and cash equivalents | (664.3) | (11.9) |
| Beginning cash and cash equivalents | 1,160.1 | 11.9 |
| Ending cash and cash equivalents | 495.8 | 0 |
| Supplemental Disclosures: | ||
| Cash paid for interest, net of capitalized interest | 107.4 | 128.9 |
| Cash paid for income taxes | 492.3 | (1.1) |
| Non-cash investing activities | ||
| Change in capital expenditure accrual balance | $ (68.9) | $ 66.5 |
| X | ||||||||||
|
- Definition
acquisition deposit held in escrow No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of noncash expense included in interest expense to allocate debt discount and premium, and the costs to issue debt and obtain financing over the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Future cash outflow to pay for purchases of fixed assets that have occurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of decrease that is related to an event that significantly reduces the expected years of future service of present employees or eliminates for a significant number of employees the accrual of defined benefits for some or all of their future services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents disclosure of the amount of dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporation; these investments are accounted for under the equity method of accounting. This element excludes distributions that constitute a return of investment, which are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase (decrease) during the reporting period of all assets and liabilities used in operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The change in cash during the period due to the net increase or decrease in outstanding checks, the liability that represents checks that have been issued but that have not cleared. The entity may classify these cash flows as financing or operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of cash paid for interest during the period net of cash paid for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow to purchase long lived physical asset use for the normal oil and gas operations and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash outflow to purchase of mineral interests in oil and gas properties for use in the normal oil and gas operations and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash outflow to a noncontrolling interest. Includes, but not limited to, reduction of noncontrolling interest ownership. Excludes dividends paid to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from other equity not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow to dispose of long-lived, physical assets and mineral interests in oil and gas properties used for normal oil and gas operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Nature of Business
|
9 Months Ended |
|---|---|
|
Sep. 30, 2015
|
|
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| Nature of Business | Nature of Business QEP Resources, Inc. (QEP or the Company) is a holding company with two principal subsidiaries, QEP Energy Company and QEP Marketing Company, which are engaged in two primary lines of business: (i) oil and gas exploration and production (QEP Energy) and (ii) oil and gas marketing, operation of a gas gathering system and an underground gas storage facility and corporate activities (QEP Marketing and Other). QEP's operations are focused in two geographic regions: the Northern Region (primarily in Wyoming, North Dakota and Utah) and the Southern Region (primarily in Texas and Louisiana) of the United States. QEP's corporate headquarters are located in Denver, Colorado. Shares of QEP’s common stock trade on the New York Stock Exchange (NYSE) under the ticker symbol “QEP”. |
| X | ||||||||||
|
- Definition
The entire disclosure for the nature of an entity's business, the major products or services it sells or provides and its principal markets, including the locations of those markets. If the entity operates in more than one business, the disclosure also indicates the relative importance of its operations in each business and the basis for the determination (for example, assets, revenues, or earnings). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Basis of Presentation of Interim Consolidated Financial Statements
|
9 Months Ended |
|---|---|
|
Sep. 30, 2015
|
|
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| Basis of Presentation of Interim Consolidated Financial Statements | Basis of Presentation of Interim Consolidated Financial Statements The interim Condensed Consolidated Financial Statements contain the accounts of QEP and its majority-owned or controlled subsidiaries. The Condensed Consolidated Financial Statements were prepared in accordance with United States Generally Accepted Accounting Principles (GAAP) and with the instructions for Quarterly Reports on Form 10-Q and Regulations S-X and S-K. All significant intercompany accounts and transactions have been eliminated in consolidation. The Condensed Consolidated Financial Statements reflect all normal recurring adjustments and accruals that are, in the opinion of management, necessary for a fair statement of financial position and results of operations for the interim periods presented. Interim condensed consolidated financial statements and the year-end balance sheet do not include all of the information and notes required by GAAP for audited annual consolidated financial statements. These Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto included in the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2014. The preparation of the Condensed Consolidated Financial Statements and Notes in conformity with GAAP requires that management make estimates and assumptions that affect revenues, expenses, assets and liabilities, and disclosure of contingent assets and liabilities. Actual results could differ from estimates. The results of operations for the three and nine months ended September 30, 2015, are not necessarily indicative of the results that may be expected for the year ending December 31, 2015. Impairment of Long-Lived Assets During the three months ended September 30, 2015, QEP Energy recorded impairment charges of $15.0 million, of which $14.4 million was related to proved properties due to lower future oil and gas prices and $0.6 million was related to expiring leaseholds on unproved properties. Of the $14.4 million impairment on proved properties, $13.1 million related to impairments on Other Northern properties, $1.0 million related to impairments on QEP's remaining Midcontinent properties and $0.3 million related to impairments on Permian Basin properties. During the nine months ended September 30, 2015, QEP Energy recorded impairment charges of $35.5 million, of which $33.8 million was related to proved properties due to lower future oil and gas prices and $1.7 million was related to expiring leaseholds on unproved properties. Of the $33.8 million impairment on proved properties, $18.0 million related to impairments on Other Northern properties, $15.5 million related to impairments on QEP's remaining Midcontinent properties and $0.3 million related to impairments on Permian Basin properties. Uncertain Tax Position As of September 30, 2015, QEP had $15.6 million of unrecognized tax benefits related to uncertain tax positions for asset sales that occurred in 2014, which were recorded within "Deferred income taxes" on the Condensed Consolidated Balance Sheet. At December 31, 2014, no uncertain tax positions had been recorded. The uncertain tax positions the Company reported during the third quarter 2015 were expensed during the year ended December 31, 2014. The benefits of uncertain tax positions taken or expected to be taken on income tax returns is recognized in the consolidated financial statements at the largest amount that is more likely than not to be sustained upon examination by the relevant taxing authorities. During the nine months ended September 30, 2015, the Company incurred $0.3 million of interest expense related to uncertain tax positions, which was recorded within "Interest expense" on the Condensed Consolidated Statement of Operations. New Accounting Pronouncements In September 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) No. 2015-16, Business Combinations (Topic 805), which requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendment will be effective prospectively for reporting periods beginning on or after December 15, 2015, and early adoption is permitted. The Company is currently assessing the ASU and does not expect that there will be a significant impact on the Company's Consolidated Financial Statements. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606), which seeks to provide a single, comprehensive revenue recognition model for all contracts with customers to improve comparability within industries, across industries, and across capital markets. The revenue standard contains principles that an entity will apply to determine the measurement of revenue and timing of when it is recognized. The underlying principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. In July 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606), in which the FASB delayed the effective date of the new revenue standard by one year and the amendments are now effective prospectively for reporting periods beginning after December 15, 2017, and early adoption is not permitted. The Company is currently assessing the impact on the Company's Consolidated Financial Statements. In May 2015, the FASB issued ASU No. 2015-07, Fair Value Measurement (Topic 820), which allows reporting entities to exclude investments measured at net asset value per share under the existing practical expedient in ASC 820 from the fair value hierarchy. It also limits disclosures to investments for which the entity has elected to measure the fair value using the practical expedient. The amendment will be effective retrospectively for reporting periods beginning on or after December 15, 2015, and early adoption is permitted. The Company is currently assessing the ASU and does not expect that there will be a significant impact on the Company's Consolidated Financial Statements. In April 2015, the FASB issued ASU No. 2015-05, Intangibles — Goodwill and Other — Internal-Use Software (Subtopic 350-40), which assists entities in evaluating the accounting for fees paid by a customer in a "cloud computing arrangement" by providing guidance as to whether an arrangement includes the sale or license of software. The amendment will be effective prospectively for reporting periods beginning on or after December 15, 2015, and early adoption is permitted. The Company is currently assessing the ASU and does not expect that there will be a significant impact on the Company's Consolidated Financial Statements. In April 2015, the FASB issued ASU No. 2015-03, Interest — Imputation of Interest (Subtopic 835-30), which simplifies the presentation of debt issuance costs by requiring that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of debt liability, consistent with debt discounts or premiums. The amendments will be effective retrospectively for reporting periods beginning on or after December 15, 2015, and early adoption is permitted. The Company plans to implement the ASU effective January 1, 2016, and does not expect that there will be a significant impact on the Company's Consolidated Financial Statements. In February 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810), which amends the current consolidation guidance. The amendment affects both the variable interest entity and voting interest entity consolidation models. The amendment will be effective prospectively for reporting periods beginning on or after December 15, 2015, and early adoption is permitted. The Company is currently assessing the ASU and does not expect that there will be a significant impact on the Company's Consolidated Financial Statements. In January 2015, the FASB issued ASU No. 2015-01, Income Statement — Extraordinary and Unusual Items (Subtopic 225-20), which eliminates the concept of extraordinary items from GAAP. The amendment will be effective for reporting periods beginning on or after December 15, 2015, and early adoption is permitted. Additionally, a reporting entity also may apply the amendment retrospectively for all periods presented in the financial statements. The Company is currently assessing the ASU and does not expect that there will be a significant impact on the Company's Consolidated Financial Statements. |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Acquisitions & Divestitures
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9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2015
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| Business Combinations [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Acquisitions [Text Block] | Acquisitions and Divestitures Permian Basin Acquisition On February 25, 2014, QEP Energy acquired oil and gas properties in the Permian Basin of Texas for an aggregate purchase price of $941.8 million (the Permian Basin Acquisition). The acquired properties consisted of approximately 26,500 net acres of producing and undeveloped oil and gas properties and approximately 270 vertical producing wells in the Permian Basin, which created a new core area of operation for QEP Energy. The Permian Basin Acquisition meets the definition of a business combination under ASC 805, Business Combinations, as it included significant proved properties. QEP allocated the cost of the Permian Basin Acquisition to assets acquired and liabilities assumed based on fair values as of the acquisition date. Revenues of $41.0 million and $110.6 million and a net loss of $1.9 million and $1.0 million were generated from the acquired properties during the three and nine months ended September 30, 2015, respectively. Revenues of $114.2 million and net income of $23.1 million were generated from the acquired properties from February 25, 2014, to September 30, 2014, and are included in QEP's Condensed Consolidated Statements of Operations. The following table presents a summary of the Company's purchase accounting entries (in millions):
The following unaudited, pro forma results of operations are provided for the nine months ended September 30, 2014. Pro forma results are not provided for the three months ended September 30, 2014, or the three and nine months ended September 30, 2015, because the Permian Basin Acquisition occurred during the first quarter of 2014, and therefore the Permian Basin results are included in QEP's results for these periods. These supplemental pro forma results of operations are provided for illustrative purposes only and may not be indicative of the actual results that would have been achieved by the acquired properties for the period presented, or that may be achieved by such properties in the future. Future results may vary significantly from the results reflected in this pro forma financial information because of future events and transactions, as well as other factors. The pro forma information is based on QEP's consolidated results of operations for the nine months ended September 30, 2014, the acquired properties' historical results of operations, and estimates of the effect of the transaction on the combined results. The pro forma results of operations have been prepared by adjusting the historical results of QEP to include the historical results of the acquired properties based on information provided by the seller and the impact of the purchase price allocation. The pro forma results of operations do not include any cost savings or other synergies that may result from the Permian Basin Acquisition or any estimated costs that have been or will be incurred by the Company to integrate the acquired properties.
Divestitures In December 2014, QEP Energy sold its interest in certain non-core properties in southern Oklahoma for aggregate proceeds of $101.3 million. For the year ended December 31, 2014, QEP Energy recorded a pre-tax gain on sale of $53.3 million. QEP recorded a pre-tax gain on sale of $8.8 million and $5.9 million for the three and nine months ended September 30, 2015, respectively, due to post-closing purchase price adjustments. In June 2014, QEP Energy sold its interest in certain non-core properties in the Midcontinent area and other non-core assets in the Williston Basin for aggregate proceeds of $675.6 million. QEP recorded a pre-tax loss of $199.4 million for the year ended December 31, 2014. QEP recorded a pre-tax gain on sale of $4.6 million and a pre-tax loss on sale of $21.8 million for the three and nine months ended September 30, 2015, respectively, due to post-closing purchase price adjustments. These gains and losses are reported on the Condensed Consolidated Statements of Operations within "Net gain (loss) from asset sales". |
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The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. No definition available.
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Discontinued Operations
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Sep. 30, 2015
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| Discontinued Operations and Disposal Groups [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | Discontinued Operations On December 2, 2014, the Company closed on the sale of substantially all of its midstream business, including its ownership interest in QEP Midstream Partners, LP (QEP Midstream) to Tesoro Logistics LP (Tesoro) for total cash proceeds of approximately $2.5 billion, including $230.0 million to refinance debt at QEP Midstream, subject to post-closing adjustments, and QEP recorded a pre-tax gain of approximately $1.8 billion for the year ended December 31, 2014 (Midstream Sale). The operating results of QEP Field Services Company (QEP Field Services), excluding the Haynesville gathering system (the Discontinued Operations of QEP Field Services), have been classified as discontinued operations on the Condensed Consolidated Statements of Operations and Notes accompanying the Condensed Consolidated Financial Statements for the three and nine months ended September 30, 2014. QEP will have continuing cash outflows to the entities sold as a part of the Midstream Sale for gathering, processing and water handling costs in Pinedale, the Uinta Basin and a portion of its Williston Basin operations. The contracts related to these cash flows vary in length from month-to-month to over a year and will be reviewed periodically in the normal course of business. Historically, these transactions were eliminated in consolidation, as they represented transactions between two related entities but are now reflected as part of the continuing operations for QEP. For the three months ended September 30, 2015 and 2014, cash outflows for these transactions included in continuing operations were $24.9 million and $31.4 million, respectively. For the nine months ended September 30, 2015 and 2014, cash outflows for these transactions included in continuing operations were $94.2 million and $105.4 million, respectively. In 2013, in connection with QEP's plan to separate its midstream business, the Board of Directors approved an employee retention plan to provide substantially all QEP Field Services' employees as of December 1, 2013, with a one-time lump-sum cash payment on the earlier of December 31, 2014, or whenever the separation of QEP Field Services occurred, conditioned on continued employment with QEP Field Services or a successor through the payment date unless the employee is terminated prior to such date. QEP recognized $10.4 million of costs under this retention plan in 2014, of which $2.3 million and $7.1 million was included within "Discontinued operations, net of income tax" on the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2014, respectively. Condensed Consolidated Statement of Operations The Discontinued Operations of QEP Field Services are summarized below:
Condensed Consolidated Statement of Cash Flows The impact of the Discontinued Operations of QEP Field Services on the Condensed Consolidated Statement of Cash Flows for "Depreciation, depletion and amortization" contained in "Cash flows from operating activities" was $43.1 million for the nine months ended September 30, 2014. The impact on cash used for "Property, plant and equipment, including dry exploratory well expense" contained in "Cash flows from investing activities" was $45.6 million for the nine months ended September 30, 2014. |
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The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Earnings Per Share
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Sep. 30, 2015
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| Earnings Per Share | Earnings Per Share Basic earnings per share (EPS) are computed by dividing net income by the weighted-average number of common shares outstanding during the reporting period. Diluted EPS includes the potential increase in the number of outstanding shares that could result from the exercise of in-the-money stock options. QEP’s unvested restricted shares are included in weighted-average basic common shares outstanding because once the shares are granted, the restricted shares are considered issued and outstanding, the historical forfeiture rate is minimal and the restricted shares receive dividends. Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities and are included in the computation of earnings per share pursuant to the two-class method. The Company’s unvested restricted stock awards contain non-forfeitable dividend rights and participate equally with common stock with respect to dividends issued or declared. However, the Company’s unvested restricted stock does not have a contractual obligation to share in losses of the Company. The Company’s unexercised stock options do not contain rights to dividends. Under the two-class method, the earnings used to determine basic earnings per common share are reduced by an amount allocated to participating securities. When the Company records a net loss, none of the loss is allocated to the participating securities since the securities are not obligated to share in Company losses. Use of the two-class method has an insignificant impact on the calculation of basic and diluted earnings per common share. During the three and nine months ended September 30, 2015 and 2014, there were no anti-dilutive shares. A reconciliation of the components of basic and diluted shares used in the EPS calculation follows:
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The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Asset Retirement Obligations
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Sep. 30, 2015
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| Asset Retirement Obligations | Asset Retirement Obligations QEP records asset retirement obligations (ARO) when there are legal obligations associated with the retirement of tangible, long-lived assets. The Company's ARO liability applies primarily to abandonment costs associated with oil and gas wells and certain other properties. The fair values of such costs are estimated by Company personnel based on abandonment costs of similar assets and depreciated over the life of the related assets. Revisions to the ARO estimates result from changes in expected cash flows or material changes in estimated asset retirement costs. The ARO liability is adjusted to present value each period through an accretion calculation using a credit-adjusted risk-free interest rate. Of the $188.5 million and $195.1 million ARO liability for the periods ended September 30, 2015 and December 31, 2014, $0.8 million and $1.3 million were included, respectively, as a current liability within "Accounts payable and accrued expenses" on the Condensed Consolidated Balance Sheets. The following is a reconciliation of the changes in the Company's ARO for the period specified below:
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The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value Measurements
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Sep. 30, 2015
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| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Measurements | Fair Value Measurements QEP measures and discloses fair values in accordance with the provisions of ASC 820, Fair Value Measurements and Disclosures. This guidance defines fair value in applying GAAP, establishes a framework for measuring fair value and expands disclosures about fair value measurements. ASC 820 also establishes a fair value hierarchy. Level 1 inputs are quoted prices (unadjusted) for identical assets or liabilities in active markets that the Company has the ability to access at the measurement date. Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. QEP has determined that its commodity derivative instruments are Level 2. The Level 2 fair value of commodity derivative contracts (see Note 8 – Derivative Contracts) is based on market prices posted on the respective commodity exchange on the last trading day of the reporting period and industry standard discounted cash flow models. QEP primarily applies the market approach for recurring fair value measurements and maximizes its use of observable inputs and minimizes its use of unobservable inputs. QEP considers bid and ask prices for valuing the majority of its assets and liabilities measured and reported at fair value. In addition to using market data, QEP makes assumptions in valuing its assets and liabilities, including assumptions about risk and the risks inherent in the inputs to the valuation technique. The Company's policy is to recognize significant transfers between levels at the end of the reporting period. Certain of the Company's commodity derivative instruments are valued using industry standard models that consider various inputs, including quoted forward prices for commodities, time value, volatility, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these inputs are observable in the marketplace throughout the full term of the instrument and can be derived from observable data or are supported by observable prices at which transactions are executed in the marketplace. The determination of fair value for derivative assets and liabilities also incorporates nonperformance risk for counterparties and for QEP. Derivative contract fair values are reported on a net basis to the extent a legal right of offset with the counterparty exists. The fair value of financial assets and liabilities at September 30, 2015 and December 31, 2014, is shown in the table below:
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The following table discloses the fair value and related carrying amount of certain financial instruments not disclosed in other Notes accompanying the Condensed Consolidated Financial Statements in this Quarterly Report on Form 10-Q:
The carrying amounts of cash and cash equivalents and checks outstanding in excess of cash balances approximate fair value. The fair value of fixed-rate long-term debt is based on the trading levels and dollar prices for the Company’s debt at the end of the quarter. The carrying amount of variable-rate, long-term debt approximates fair value because the floating interest rate paid on such debt was set for periods of one month. The initial measurement of ARO at fair value is calculated using discounted cash flow techniques and based on internal estimates of future retirement costs associated with property, plant and equipment. Significant Level 3 inputs used in the calculation of asset retirement obligations include plugging costs and reserve lives. A reconciliation of the Company’s ARO is presented in Note 6 – Asset Retirement Obligations. |
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The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Contracts
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Sep. 30, 2015
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| Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivative Instruments and Hedging Activities Disclosure [Text Block] | Derivative Contracts QEP has established policies and procedures for managing commodity price volatility through the use of derivative instruments. In the normal course of business, QEP uses commodity price derivative instruments to reduce the impact of potential downward movements in commodity prices on cash flow, returns on capital investment, and other financial results. However, these instruments typically limit gains from favorable price movements. The volume of production subject to commodity derivative instruments and the mix of the instruments are frequently evaluated and adjusted by management in response to changing market conditions. QEP may enter into commodity derivative contracts for up to 100% of forecasted production from proved reserves, but generally, QEP intends to enter into commodity derivative contracts for approximately 50% to 75% of its forecasted annual production by the end of the first quarter of each fiscal year. In addition, QEP may enter into commodity derivative contracts on a portion of its storage and marketing transactions. QEP does not enter into commodity derivative instruments for speculative purposes. QEP uses commodity derivative instruments known as fixed-price swaps or collars to realize a known price or price range for a specific volume of production delivered into a regional sales point. QEP's commodity derivative instruments do not require the physical delivery of gas or oil between the parties at settlement. All transactions are settled in cash with one party paying the other for the net difference in prices, multiplied by the contract volume, for the settlement period. Gas price derivative instruments are typically structured as fixed-price swaps or collars at regional price indices. Oil price derivative instruments are typically structured as NYMEX fixed-price swaps based at Cushing, Oklahoma or oil price swaps that use Intercontinental Exchange, Inc. (ICE) Brent oil prices as the reference price. QEP also enters into crude oil and natural gas basis swaps to achieve a fixed-price swap for a portion of its oil and gas that it sells at prices that reference specific index prices. QEP enters into commodity derivative transactions that do not have margin requirements or collateral provisions that would require payments prior to the scheduled settlement dates. Commodity derivative contract counterparties are normally financial institutions and energy trading firms with investment-grade credit ratings. QEP routinely monitors and manages its exposure to counterparty risk by requiring specific minimum credit standards for all counterparties and avoids concentration of credit exposure by transacting with multiple counterparties. During 2014, QEP also used interest rate swaps to mitigate a portion of its exposure to interest rate volatility associated with its $600.0 million term loan. These interest rate swaps were terminated and settled in December 2014 in conjunction with the extinguishment of QEP's term loan. QEP Energy Derivative Contracts The following table sets forth QEP Energy’s quantities and average prices for its commodity derivative swap contracts as of September 30, 2015:
The following table sets forth details of QEP Energy's gas collars as of September 30, 2015:
QEP uses gas basis swaps, combined with NYMEX HH fixed price swaps, to achieve fixed price swaps at the location at which it sells its physical production. The following table sets forth details of QEP Energy's gas basis swaps as of September 30, 2015:
QEP Marketing Derivative Contracts QEP Marketing enters into commodity derivative transactions to lock in a margin on gas volumes placed into storage and for marketing transactions in which QEP Marketing sells gas volumes at a fixed price. The following table sets forth QEP Marketing’s volumes and swap prices for its commodity derivative contracts as of September 30, 2015:
QEP Derivative Financial Statement Presentation The following table identifies the condensed consolidated balance sheet location of QEP’s outstanding derivative contracts on a gross contract basis as opposed to the net contract basis presentation in the Condensed Consolidated Balance Sheets and the related fair values at the balance sheet dates:
The effects of the change in fair value and settlement of QEP's derivative contracts recorded in "Realized and unrealized gains (losses) on derivative contracts" on the Condensed Consolidated Statements of Operations are summarized in the following table:
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- Definition
The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Restructuring Costs
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Sep. 30, 2015
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| Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||
| Restructuring and Related Activities Disclosure [Text Block] | Restructuring Costs In the third quarter of 2015, QEP announced the closure of its regional office in Tulsa, Oklahoma. As a part of this reorganization, QEP will incur costs associated with termination benefits, relocation of certain employees, exit costs associated with the possible termination of the operating lease for the Tulsa office space and other expenses. QEP also incurred restructuring costs in the first quarter of 2015 as a result of work force reductions unrelated to the closure of its Tulsa office. QEP anticipates total restructuring costs to be approximately $8.0 million to $12.0 million, of which approximately $5.3 million to $9.3 million is related to the closure of the Tulsa office and $2.7 million for work force reductions unrelated to the closure of the Tulsa office. Approximately $5.5 million is related to termination benefits, approximately $2.8 million is related to relocation of certain employees, and the remaining $3.9 million is related to the possible termination of the operating lease for the Tulsa office space. During the three months ended September 30, 2015, restructuring costs of $3.5 million were incurred related to the Tulsa office closure, of which $2.8 million were termination costs and $0.7 million were relocation costs. During the nine months ended September 30, 2015, restructuring costs of $6.2 million were incurred, of which $2.7 million were termination costs in the first quarter unrelated to the Tulsa office closure, and $2.8 million and $0.7 million of termination and relocation costs, respectively, were incurred in the third quarter related to the Tulsa office closure. All of the costs will be incurred by QEP Energy and are reported within QEP Energy's financial statements. These restructuring costs were recorded within "General and administrative" expense of the Condensed Consolidated Statement of Operations. The Company estimates that the remaining restructuring costs will be incurred during the remainder of 2015 and in 2016. The following table is a reconciliation of QEP's restructuring liability, which is included within "Accounts payable and accrued expenses" on the Condensed Consolidated Balance Sheets.
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The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Debt
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Sep. 30, 2015
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| Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt | Debt As of the indicated dates, the principal amount of QEP’s debt consisted of the following:
Of the total debt outstanding on September 30, 2015, the 6.05% Senior Notes due September 1, 2016, the 6.80% Senior Notes due April 1, 2018 and the 6.80% Senior Notes due March 1, 2020, will mature within the next five years. In addition, the revolving credit facility matures on December 2, 2019. Credit Facility QEP’s revolving credit facility, which matures in December 2019, provides for loan commitments of $1.8 billion from a group of financial institutions. The credit facility provides for borrowings at short-term interest rates and contains customary covenants and restrictions. On December 2, 2014, QEP entered into the Fourth Amendment to its Credit Agreement, which increased the aggregate principal amount of commitments to $1.8 billion, extended the maturity date to December 2, 2019, and made minor adjustments to other provisions and covenants. During the nine months ended September 30, 2014, QEP’s weighted-average interest rate on borrowings from its credit facility was 2.22%. At September 30, 2015 and December 31, 2014, QEP had no borrowings outstanding under the credit facility, had $3.7 million in letters of credit outstanding under the credit facility and was in compliance with the covenants under the credit agreement. Senior Notes At September 30, 2015, the Company had $2,221.8 million principal amount of senior notes outstanding with maturities ranging from September 2016 to May 2023 and coupons ranging from 5.25% to 6.875%. The senior notes pay interest semi-annually, are unsecured senior obligations and rank equally with all of our other existing and future unsecured and senior obligations. QEP may redeem all of its senior notes at any time before their maturity at a redemption price based on a make-whole amount plus accrued and unpaid interest to the date of redemption. The indentures governing QEP’s senior notes contain customary events of default and covenants that may limit QEP’s ability to, among other things, place liens on its property or assets. |
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- Definition
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Contingencies
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Sep. 30, 2015
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| Commitments and Contingencies Disclosure [Abstract] | |
| Contingencies | Contingencies QEP is involved in various commercial and regulatory claims, litigation and other legal proceedings that arise in the ordinary course of its business. QEP assesses these claims in an effort to determine the degree of probability and range of possible loss for potential accrual in its Consolidated Financial Statements. In accordance with ASC 450, Contingencies, an accrual is recorded for a material loss contingency when its occurrence is probable and damages are reasonably estimable based on the anticipated most likely outcome or the minimum amount within a range of possible outcomes. Because legal proceedings are inherently unpredictable, and unfavorable resolutions can occur, assessing contingencies is highly subjective and requires judgments about uncertain future events. When evaluating contingencies, QEP may be unable to provide a meaningful estimate due to a number of factors, including the procedural status of the matter in question, the presence of complex or novel legal theories, the ongoing discovery and/or development of information important to the matter. Except for the Rocky Mountain Resources Lawsuit (discussed below), QEP is unable to estimate reasonably possible losses (in excess of recorded accruals, if any) for its material loss contingencies for the reasons set forth above. QEP believes, however, that the resolution of pending proceedings (after accruals, insurance coverage, and indemnification arrangements) will not be material to QEP's financial position but could be material to results of operations in a particular quarter or year. Litigation Rocky Mountain Resources Lawsuit - Rocky Mountain Resources, LLC (Rocky Mountain) filed its complaint in March 2011, seeking determination of the existence of a 4% overriding royalty interest in an oil and gas lease. Rocky Mountain alleges that the defendants have failed to pay Rocky Mountain monies associated with the claimed 4% overriding royalty interest since the issuance of the lease by the State of Wyoming in 1980. In February 2015, a jury rendered a verdict against QEP and awarded Rocky Mountain damages in the amount of $16.7 million, including interest. QEP is appealing the verdict to the Wyoming Supreme Court, and, in connection with such appeal, has posted a bond for approximately $20.0 million (representing the amount of the verdict and two years of accrued interest at the statutory rate of 10%). QEP estimates that, notwithstanding the verdict, the range of reasonably possible losses is still zero to approximately $20.0 million. Yannick Gagné Lawsuit and Related Suits - Plaintiffs seek to represent a class of all persons who sustained damages as a result of the July 6, 2013 train derailment in Lac-Mégantic, Quebec, which resulted in substantial loss of life and property. The rail company that transported the crude oil filed for bankruptcy protection following the accident. The plaintiffs contend that QEP, and other producer defendants, sold Bakken crude oil to third-party purchasers in North Dakota, who resold the oil and transported it on the derailed train. Plaintiffs allege that QEP and the producer defendants, among other things, failed to ensure that the oil was adequately processed to remove volatile gases and vapors, failed to take reasonable care to ensure that the oil was properly labeled and shipped and failed to identify the risk of the train derailment and take action to prevent it. The plaintiffs seek unspecified damages. A court order regarding class certification is pending. Many of the defendants, including QEP, have reached a confidential settlement agreement with trustees in both Canadian and U.S. bankruptcy courts to resolve all of these claims, which is subject to the approval of such courts. During the third quarter of 2015, QEP was served with additional complaints in state and federal courts in Maine, Texas and Illinois, each of which makes similar claims to those in the Yannick Gagné case, and plaintiff's in each matter support the current settlement plans. If the courts approve the current settlement plan, the plan will settle these additional cases. |
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The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Share-Based Compensation
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| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Share-Based Compensation QEP issues stock options and restricted shares under its Long-Term Stock Incentive Plan (LTSIP) and awards performance share units under its Cash Incentive Plan (CIP) to certain officers, employees, and non-employee directors. QEP recognizes expense over the vesting periods for the stock options, restricted shares, and performance share units. There were 9.1 million shares available for future grants under the LTSIP at September 30, 2015. Share-based compensation expense related to continuing operations is recognized within “General and administrative” expense on the Condensed Consolidated Statements of Operations, and expenses related to discontinued operations (including compensation expense related to the QEP Midstream Long Term Incentive Plan) are reflected within "Net income from discontinued operations, net of income tax" on the Condensed Consolidated Statement of Operations. During the three and nine months ended September 30, 2015, QEP recognized $7.7 million and $23.3 million, respectively, in total compensation expense related to share-based compensation for continuing operations, compared to $8.1 million and $20.4 million, respectively, during the three and nine months ended September 30, 2014. In addition, during the three and nine months ended September 30, 2014, QEP recognized $1.0 million and $3.3 million, respectively, in total compensation expense related to share-based compensation for discontinued operations. Stock Options QEP uses the Black-Scholes-Merton mathematical model to estimate the fair value of stock option awards at the date of the grant. Fair value calculations rely upon subjective assumptions used in the mathematical model and may not be representative of future results. The Black-Scholes-Merton model is intended for measuring the value of options traded on an exchange. The Company utilizes the "simplified" method to estimate the expected term of the stock options granted as there is limited historical exercise data available in estimating the expected term of the stock options. QEP uses a historical volatility method to estimate the fair value of stock options awards and the risk-free interest rate is based on the yield on U.S. Treasury strips with maturities similar to those of the expected term of the stock options. The stock options typically vest in equal installments over a three-year period from the grant date and are exercisable immediately upon vesting through the seventh anniversary of the grant date. To fulfill options exercised, QEP either reissues treasury stock or issues new shares. The calculated fair value of options granted and major assumptions used in the model at the date of grant are listed below for the nine months ended September 30, 2015:
Stock option transactions under the terms of the LTSIP are summarized below:
The total intrinsic value (the difference between the market price at the exercise date and the exercise price) of options exercised was $0.1 million and $0.6 million during the nine months ended September 30, 2015 and 2014, respectively. As of September 30, 2015, $2.6 million of unrecognized compensation cost related to stock options granted under the LTSIP, which is included within "Additional paid-in capital" on the Condensed Consolidated Balance Sheet, is expected to be recognized over a weighted-average period of 2.14 years. Restricted Shares Restricted share grants typically vest in equal installments over a three-year period from the grant date. The grant date fair value is determined based on the closing bid price of the Company's common stock on the grant date. The total fair value of restricted stock that vested during the nine months ended September 30, 2015 and 2014, was $21.0 million and $20.2 million, respectively. The weighted-average grant date fair value of restricted stock was $21.02 per share and $31.82 per share for the nine months ended September 30, 2015 and 2014, respectively. As of September 30, 2015, $27.5 million of unrecognized compensation cost related to restricted shares granted under the LTSIP, which is included within "Additional paid-in capital" on the Condensed Consolidated Balance Sheet, is expected to be recognized over a weighted-average vesting period of 2.24 years. Transactions involving restricted shares under the terms of the LTSIP are summarized below:
Performance Share Units The performance share units' cash payouts are dependent upon the Company’s total shareholder return compared to a group of its peers over a three-year period. The awards are denominated in share units but have historically been delivered in cash. Beginning with awards granted in 2015, the Company has the option to settle earned awards in cash or shares of common stock under the Company's LTSIP; however, as of September 30, 2015, the Company expects to settle all awards in cash. The weighted-average grant date fair value of the performance share units was $21.69 per share and $31.71 per share for the nine months ended September 30, 2015 and 2014, respectively. As of September 30, 2015, $2.7 million of unrecognized compensation cost, which is included within "Other long-term liabilities" on the Condensed Consolidated Balance Sheet and represents the fair market value of performance shares granted, is expected to be recognized over a weighted-average vesting period of 1.90 years. Transactions involving performance share units under the terms of the CIP are summarized below:
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The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Employee Benefits
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Sep. 30, 2015
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| Pension and Other Postretirement Benefits Disclosure [Text Block] | Employee Benefits Pension and other postretirement benefits The Company provides pension and other postretirement benefits to certain employees through three retirement benefit plans: the QEP Resources, Inc. Retirement Plan (the Pension Plan), the Supplemental Executive Retirement Plan (SERP), and a postretirement medical plan (the Medical Plan). The Pension Plan is a closed, qualified defined-benefit pension plan that is funded and provides pension benefits to certain QEP employees. During the nine months ended September 30, 2015, the Company made contributions of $2.0 million to the Pension Plan and expects to contribute $2.0 million to the Pension Plan during the remainder of 2015. Contributions to the Pension Plan increase plan assets. As a result of the Company's 2014 divestitures and expected retirements in 2015, the number of active participants in the Pension Plan is expected to fall below 50 employees by December 31, 2015, which is below the minimum number of active participants for a plan to be qualified under the Internal Revenue Services' participation rules. In order to prevent disqualification, the Pension Plan was amended in June 2015 and will be frozen effective January 1, 2016, such that employees do not earn additional defined benefits for future services. This change resulted in a non-cash curtailment loss of $11.2 million recognized on the Condensed Consolidated Statements of Operations within "General and administrative" expense during the nine months ended September 30, 2015. The SERP is a nonqualified retirement plan that is unfunded and provides pension benefits to certain QEP employees. During the nine months ended September 30, 2015, the Company made contributions of $2.9 million to its SERP and expects to contribute an additional $1.5 million to its SERP during the remainder of 2015. Contributions to the SERP are used to fund current benefit payments. The SERP was amended and restated in June 2015 and will be closed to new participants effective January 1, 2016. The Medical Plan is unfunded and provides other postretirement benefits including certain health care and life insurance benefits for certain retired employees. During the nine months ended September 30, 2015, the Company made contributions of $0.4 million to its Medical Plan and expects to contribute an additional $0.1 million to its Medical Plan during the remainder of 2015. Contributions to the Medical Plan are used to fund current benefit payments. The following table sets forth the Company’s net periodic benefit costs related to its Pension Plan, SERP and Medical Plan:
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During the three and nine months ended September 30, 2015, for continuing operations, QEP recognized $0.9 million and $14.1 million, respectively, in employee benefit expense, compared to $1.4 million and $8.2 million, respectively, during the three and nine months ended September 30, 2014. During the three and nine months ended September 30, 2014, for discontinued operations, QEP recognized $0.4 million and $1.4 million, respectively, in employee benefit expense. |
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The entire disclosure for pension and other postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Operations by Line of Business
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Sep. 30, 2015
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| Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operations by Line of Business | Operations by Line of Business QEP’s lines of business include oil and gas exploration and production (QEP Energy); and oil and gas marketing, operation of a gas gathering system and an underground gas storage facility and corporate activities (QEP Marketing and Other). The lines of business are managed separately and therefore the financial information is presented separately due to the distinct differences in the nature of operations of each line of business, among other factors. Our financial results for the three and nine months ended September 30, 2014, have been revised, in accordance with GAAP, to reflect the impact of the Midstream Sale. See Note 4 – Discontinued Operations for detailed information on the Midstream Sale. The following table is a summary of operating results for the three months ended September 30, 2015, by line of business:
The following table is a summary of operating results for the three months ended September 30, 2014, by line of business:
The following table is a summary of operating results for the nine months ended September 30, 2015, by line of business:
The following table is a summary of operating results for the nine months ended September 30, 2014, by line of business:
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The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Basis of Presentation of Interim Consolidated Financial Statements (Policies)
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Sep. 30, 2015
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| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| New accounting pronouncements | New Accounting Pronouncements In September 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) No. 2015-16, Business Combinations (Topic 805), which requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendment will be effective prospectively for reporting periods beginning on or after December 15, 2015, and early adoption is permitted. The Company is currently assessing the ASU and does not expect that there will be a significant impact on the Company's Consolidated Financial Statements. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606), which seeks to provide a single, comprehensive revenue recognition model for all contracts with customers to improve comparability within industries, across industries, and across capital markets. The revenue standard contains principles that an entity will apply to determine the measurement of revenue and timing of when it is recognized. The underlying principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. In July 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606), in which the FASB delayed the effective date of the new revenue standard by one year and the amendments are now effective prospectively for reporting periods beginning after December 15, 2017, and early adoption is not permitted. The Company is currently assessing the impact on the Company's Consolidated Financial Statements. In May 2015, the FASB issued ASU No. 2015-07, Fair Value Measurement (Topic 820), which allows reporting entities to exclude investments measured at net asset value per share under the existing practical expedient in ASC 820 from the fair value hierarchy. It also limits disclosures to investments for which the entity has elected to measure the fair value using the practical expedient. The amendment will be effective retrospectively for reporting periods beginning on or after December 15, 2015, and early adoption is permitted. The Company is currently assessing the ASU and does not expect that there will be a significant impact on the Company's Consolidated Financial Statements. In April 2015, the FASB issued ASU No. 2015-05, Intangibles — Goodwill and Other — Internal-Use Software (Subtopic 350-40), which assists entities in evaluating the accounting for fees paid by a customer in a "cloud computing arrangement" by providing guidance as to whether an arrangement includes the sale or license of software. The amendment will be effective prospectively for reporting periods beginning on or after December 15, 2015, and early adoption is permitted. The Company is currently assessing the ASU and does not expect that there will be a significant impact on the Company's Consolidated Financial Statements. In April 2015, the FASB issued ASU No. 2015-03, Interest — Imputation of Interest (Subtopic 835-30), which simplifies the presentation of debt issuance costs by requiring that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of debt liability, consistent with debt discounts or premiums. The amendments will be effective retrospectively for reporting periods beginning on or after December 15, 2015, and early adoption is permitted. The Company plans to implement the ASU effective January 1, 2016, and does not expect that there will be a significant impact on the Company's Consolidated Financial Statements. In February 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810), which amends the current consolidation guidance. The amendment affects both the variable interest entity and voting interest entity consolidation models. The amendment will be effective prospectively for reporting periods beginning on or after December 15, 2015, and early adoption is permitted. The Company is currently assessing the ASU and does not expect that there will be a significant impact on the Company's Consolidated Financial Statements. In January 2015, the FASB issued ASU No. 2015-01, Income Statement — Extraordinary and Unusual Items (Subtopic 225-20), which eliminates the concept of extraordinary items from GAAP. The amendment will be effective for reporting periods beginning on or after December 15, 2015, and early adoption is permitted. Additionally, a reporting entity also may apply the amendment retrospectively for all periods presented in the financial statements. The Company is currently assessing the ASU and does not expect that there will be a significant impact on the Company's Consolidated Financial Statements. |
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Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact. No definition available.
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Acquisitions & Divestitures (Tables)
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Sep. 30, 2015
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| Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Combination, Separately Recognized Transactions [Table Text Block] |
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| Business Acquisition, Pro Forma Information [Table Text Block] |
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- Definition
Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of transactions that are recognized separately from the acquisition of assets and assumptions of liabilities in the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Discontinued Operations (Tables)
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Sep. 30, 2015
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| Discontinued Operations and Disposal Groups [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Statement Impact Of Discontinued Operations [Table Text Block] |
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- Definition
Income Statement Impact Of Discontinued Operations [Table Text Block] No definition available.
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- Details
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Earnings Per Share (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2015
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| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Components of basic and diluted shares used in EPS | A reconciliation of the components of basic and diluted shares used in the EPS calculation follows:
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- Definition
Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Asset Retirement Obligations (Tables)
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Sep. 30, 2015
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| Asset Retirement Obligation [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||
| Asset retirement obligations roll forward |
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- Definition
Tabular disclosure of the changes in carrying amount of a liability for asset retirement obligations, for changes such as new obligations, changes in estimates of existing obligations, spending on existing obligations, property dispositions, and foreign currency translation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value Measurements (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2015
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| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair value of financial assets and liabilities | The fair value of financial assets and liabilities at September 30, 2015 and December 31, 2014, is shown in the table below:
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| Fair value and related carrying amount of certain financial instruments | The following table discloses the fair value and related carrying amount of certain financial instruments not disclosed in other Notes accompanying the Condensed Consolidated Financial Statements in this Quarterly Report on Form 10-Q:
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- Definition
Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Contracts (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2015
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| Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block] | The following table sets forth QEP Energy’s quantities and average prices for its commodity derivative swap contracts as of September 30, 2015:
The following table sets forth details of QEP Energy's gas collars as of September 30, 2015:
QEP uses gas basis swaps, combined with NYMEX HH fixed price swaps, to achieve fixed price swaps at the location at which it sells its physical production. The following table sets forth details of QEP Energy's gas basis swaps as of September 30, 2015:
QEP Marketing Derivative Contracts QEP Marketing enters into commodity derivative transactions to lock in a margin on gas volumes placed into storage and for marketing transactions in which QEP Marketing sells gas volumes at a fixed price. The following table sets forth QEP Marketing’s volumes and swap prices for its commodity derivative contracts as of September 30, 2015:
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| Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] |
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| Derivative Instruments, Gain (Loss) [Table Text Block] |
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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of the notional amounts of outstanding derivative positions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Restructuring Costs (Tables)
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Sep. 30, 2015
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| Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||
| Schedule of Restructuring Reserve by Type of Cost [Table Text Block] |
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- Definition
Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Debt (Tables)
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Sep. 30, 2015
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| Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Outstanding | As of the indicated dates, the principal amount of QEP’s debt consisted of the following:
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- Definition
Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. No definition available.
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Share-Based Compensation (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2015
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| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | The calculated fair value of options granted and major assumptions used in the model at the date of grant are listed below for the nine months ended September 30, 2015:
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| Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | Stock option transactions under the terms of the LTSIP are summarized below:
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| Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block] | Transactions involving restricted shares under the terms of the LTSIP are summarized below:
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| Schedule of Other Share-based Compensation, Activity [Table Text Block] | Transactions involving performance share units under the terms of the CIP are summarized below:
____________________________
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- Definition
Tabular disclosure of the changes in other outstanding share-based compensation awards other than stock options or nonvested awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. No definition available.
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| X | ||||||||||
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- Definition
Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Employee Benefits (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2015
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| Compensation and Retirement Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Net Benefit Costs [Table Text Block] |
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Operations by Line of Business (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2015
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| Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of operating results by line of business | The following table is a summary of operating results for the three months ended September 30, 2015, by line of business:
The following table is a summary of operating results for the three months ended September 30, 2014, by line of business:
The following table is a summary of operating results for the nine months ended September 30, 2015, by line of business:
The following table is a summary of operating results for the nine months ended September 30, 2014, by line of business:
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| X | ||||||||||
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- Definition
Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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Basis of Presentation of Interim Consolidated Financial Statements (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2015
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Sep. 30, 2014
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Sep. 30, 2015
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Sep. 30, 2014
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|
| Asset Impairment Charges | $ 15.0 | $ 0.1 | $ 35.5 | $ 3.6 |
| Unrecognized Tax Benefits | 15.6 | 15.6 | ||
| Interest expense related to uncertain tax position | 0.3 | |||
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Proved Property [Member]
|
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| Asset Impairment Charges | 14.4 | 33.8 | ||
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Unproved Property [Member]
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| Asset Impairment Charges | 0.6 | 1.7 | ||
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Other Northern [Member]
|
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| Asset Impairment Charges | 13.1 | 18.0 | ||
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Midcontinent [Member]
|
||||
| Asset Impairment Charges | 1.0 | 15.5 | ||
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Permian Basin [Member]
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| Asset Impairment Charges | $ 0.3 | $ 0.3 | ||
| X | ||||||||||
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- Definition
Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Interest expense on all other items not previously classified. For example, includes dividends associated with redeemable preferred stock of a subsidiary that is treated as a liability in the parent's consolidated balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of unrecognized tax benefits pertaining to uncertain tax positions taken in tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Acquisitions & Divestitures (Narrative) (Details) (Permian Basin [Member], USD $)
In Millions, unless otherwise specified |
3 Months Ended | 7 Months Ended | 9 Months Ended | 12 Months Ended |
|---|---|---|---|---|
|
Sep. 30, 2015
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Sep. 30, 2014
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Sep. 30, 2015
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Dec. 31, 2014
acre
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Permian Basin [Member]
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| Business Acquisition [Line Items] | ||||
| Payments to Acquire Businesses, Gross | $ 941.8 | |||
| Net acres of producing and undeveloped oil and gas properties | 26,500 | |||
| Number of vertical producing wells | 270 | |||
| Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual | 41.0 | 114.2 | 110.6 | |
| Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual | $ (1.9) | $ 23.1 | $ (1.0) |
| X | ||||||||||
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- Definition
Gas And Oil Acreage Acquired Producing And Undeveloped No definition available.
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| X | ||||||||||
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- Definition
Number of vertical producing wells No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
This element represents the amount of earnings or loss of the acquiree since the acquisition date included in the consolidated income statement for the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the amount of revenue of the acquiree since the acquisition date included in the consolidated income statement for the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Acquisitions & Divestitures Schedule Of Purchase Accounting Entries (Details) (Permian Basin [Member], USD $)
In Millions, unless otherwise specified |
12 Months Ended |
|---|---|
|
Dec. 31, 2014
|
|
| Significant Acquisitions and Disposals [Line Items] | |
| Payments to Acquire Businesses, Gross | $ 941.8 |
| Fair value of assets acquired (liabilities assumed) | 941.8 |
|
Proved Property [Member]
|
|
| Significant Acquisitions and Disposals [Line Items] | |
| Fair value of assets acquired (liabilities assumed) | 472.1 |
|
Unproved Property [Member]
|
|
| Significant Acquisitions and Disposals [Line Items] | |
| Fair value of assets acquired (liabilities assumed) | 480.6 |
|
Asset Retirement Obligation [Member]
|
|
| Significant Acquisitions and Disposals [Line Items] | |
| Fair value of assets acquired (liabilities assumed) | (9.7) |
|
Other Liabilities [Member]
|
|
| Significant Acquisitions and Disposals [Line Items] | |
| Fair value of assets acquired (liabilities assumed) | $ (1.2) |
| X | ||||||||||
|
- Definition
Amount recognized as of the acquisition date for the identifiable assets acquired in excess of (less than) the aggregate liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Acquisitions & Divestitures Supplemental Proforma Results of Operations (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2015
|
Sep. 30, 2014
|
Sep. 30, 2015
|
Sep. 30, 2014
|
|
| Business Acquisition [Line Items] | ||||
| Total Revenues | $ 536.7 | $ 910.0 | $ 1,636.9 | $ 2,614.7 |
| Net income | 21.1 | 171.1 | (110.8) | 118.5 |
| Earnings Per Share, Basic | $ 0.12 | $ 0.95 | $ (0.63) | $ 0.66 |
| Earnings Per Share, Diluted | $ 0.12 | $ 0.94 | $ (0.63) | $ 0.66 |
|
Permian Basin Acquisition [Member]
|
||||
| Business Acquisition [Line Items] | ||||
| Total Revenues | 2,614.7 | |||
| Net income | 118.5 | |||
| Earnings Per Share, Basic | $ 0.66 | |||
| Earnings Per Share, Diluted | $ 0.66 | |||
| Business Acquisition, Pro Forma Revenue | 2,640.8 | |||
| Business Acquisition, Pro Forma Net Income (Loss) | $ 125.5 | |||
| Business Acquisition, Pro Forma Earnings Per Share, Basic | $ 0.70 | |||
| Business Acquisition, Pro Forma Earnings Per Share, Diluted | $ 0.70 | |||
| X | ||||||||||
|
- Details
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| X | ||||||||||
|
- Definition
The pro forma basic net income per share for a period as if the business combination or combinations had been completed at the beginning of a period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The pro forma diluted net income per share for a period as if the business combination or combinations had been completed at the beginning of a period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The pro forma net Income or Loss for the period as if the business combination or combinations had been completed at the beginning of a period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The pro forma revenue for a period as if the business combination or combinations had been completed at the beginning of the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate revenue during the period related to oil and gas business activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Acquisitions & Divestitures Divestitures Narrative (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 12 Months Ended |
|---|---|---|---|
|
Sep. 30, 2015
|
Sep. 30, 2015
|
Dec. 31, 2014
|
|
|
Midcontinent Divestitures [Member]
|
|||
| Significant Acquisitions and Disposals [Line Items] | |||
| Proceeds from Sale of Property, Plant, and Equipment | $ 675.6 | ||
| Gain (Loss) on Disposition of Oil and Gas and Timber Property | 4.6 | (21.8) | (199.4) |
|
Southern Region Divestitures [Member]
|
|||
| Significant Acquisitions and Disposals [Line Items] | |||
| Proceeds from Sale of Property, Plant, and Equipment | 101.3 | ||
| Gain (Loss) on Disposition of Oil and Gas and Timber Property | $ 8.8 | $ 5.9 | $ 53.3 |
| X | ||||||||||
|
- Definition
Amount of gain (loss) on sale or disposal of oil and gas property or timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Discontinued Operations (Narrative) (Details) (USD $)
|
3 Months Ended | 9 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|---|
|
Sep. 30, 2015
|
Sep. 30, 2014
|
Sep. 30, 2015
|
Sep. 30, 2014
|
Dec. 31, 2014
|
|
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||
| Value of midstream business sold | $ 2,500,000,000 | ||||
| Debt Refinanced In Business Sale | 230,000,000 | ||||
| Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax | 1,800,000,000 | ||||
| Discontinued Operation, Amount of Continuing Cash Flows after Disposal | 24,900,000 | 31,400,000 | 94,200,000 | 105,400,000 | |
| Depreciation, depletion and amortization | 238,100,000 | 251,400,000 | 649,300,000 | 712,500,000 | |
| Employee Retention Bonus Cost | 10,400,000 | ||||
|
Discontinued Operations [Member]
|
|||||
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||
| Income (Loss) Attributable to Parent | 7,900,000 | 20,400,000 | |||
| Depreciation, depletion and amortization | 14,300,000 | 43,100,000 | |||
| Payments to Acquire Oil and Gas Property and Equipment | 45,600,000 | ||||
| Employee Retention Bonus Cost | $ 2,300,000 | $ 7,100,000 | |||
| X | ||||||||||
|
- Definition
Debt Refinanced In Business Sale No definition available.
|
| X | ||||||||||
|
- Definition
Employee Retention Bonus Cost No definition available.
|
| X | ||||||||||
|
- Definition
Value Of Business Sold No definition available.
|
| X | ||||||||||
|
- Definition
Amount of cash flows that are expected to continue with the disposal group that is a component of the entity (discontinued operation) after it has been sold or otherwise disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of gain (loss), before tax expense or benefit and not previously recognized, resulting from the sale of a business component. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of profit or loss for the period which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The cash outflow to purchase long lived physical asset for use in the normal oil and gas operations and to purchase mineral interests in oil and gas properties not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Depreciation, depletion, amortization, and accretion related to oil and gas producing activities. No definition available.
|
|
Discontinued Operations Income Statement Impact of Discontinued Operations (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2015
|
Sep. 30, 2014
|
Sep. 30, 2015
|
Sep. 30, 2014
|
|||||||
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||
| NGL sales | $ 16.5 | $ 51.1 | $ 61.7 | $ 179.3 | ||||||
| Other revenue | 2.8 | 3.4 | 12.4 | 5.1 | ||||||
| Purchased gas and oil sales | 176.3 | 290.4 | 558.6 | 780.1 | ||||||
| Total Revenues | 536.7 | 910.0 | 1,636.9 | 2,614.7 | ||||||
| Purchased gas and oil expense | 175.1 | 288.4 | 561.7 | 775.5 | ||||||
| Lease operating expense | 56.7 | 61.1 | 175.6 | 177.0 | ||||||
| Natural gas, oil and NGL transportation and other handling costs | 78.1 | 71.1 | 216.2 | 198.5 | ||||||
| Gathering, processing and other | 1.3 | 1.4 | 4.4 | 4.8 | ||||||
| General and administrative | 42.0 | 49.4 | 140.7 | 147.0 | ||||||
| Production and property taxes | 30.2 | 59.4 | 90.7 | 160.8 | ||||||
| Depreciation, depletion and amortization | 238.1 | 251.4 | 649.3 | 712.5 | ||||||
| Total operating expenses | 637.3 | 783.1 | 1,876.8 | 2,184.4 | ||||||
| Gain (Loss) on Disposition of Property Plant Equipment | 12.9 | (11.8) | 6.9 | (210.3) | ||||||
| OPERATING INCOME | (87.7) | 115.1 | (233.0) | 220.0 | ||||||
| Income from unconsolidated affiliates | 0 | 4.6 | ||||||||
| Interest expense | (36.4) | (41.5) | (109.4) | (128.4) | ||||||
| Net income attributable to noncontrolling interest | 0 | (17.6) | ||||||||
| NET INCOME FROM DISCONTINUED OPERATIONS, NET OF INCOME TAX | 0 | 17.4 | 0 | 58.2 | ||||||
|
Discontinued Operations [Member]
|
||||||||||
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||
| NGL sales | 28.8 | 94.6 | ||||||||
| Other revenue | 43.1 | 119.9 | ||||||||
| Purchased gas and oil sales | (11.9) | [1] | (38.5) | [1] | ||||||
| Total Revenues | 60.0 | 176.0 | ||||||||
| Purchased gas and oil expense | (12.4) | [1] | (39.5) | [1] | ||||||
| Lease operating expense | (1.7) | [1] | (4.8) | [1] | ||||||
| Natural gas, oil and NGL transportation and other handling costs | (10.6) | [1] | (40.1) | [1] | ||||||
| Gathering, processing and other | 22.7 | 69.8 | ||||||||
| General and administrative | 11.1 | 34.3 | ||||||||
| Production and property taxes | 2.1 | 6.1 | ||||||||
| Depreciation, depletion and amortization | 14.3 | 43.1 | ||||||||
| Total operating expenses | 25.5 | 68.9 | ||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | 0 | (0.1) | ||||||||
| OPERATING INCOME | 34.5 | 107.0 | ||||||||
| Income from unconsolidated affiliates | 1.1 | 4.4 | ||||||||
| Interest expense | (1.5) | (2.8) | ||||||||
| INCOME FROM DISCONTINUED OPERATIONS BEFORE INCOME TAXES | 34.1 | [2] | 108.6 | [2] | ||||||
| Income taxes | (9.9) | (32.8) | ||||||||
| NET INCOME FROM DISCONTINUED OPERATIONS | 24.2 | 75.8 | ||||||||
| Net income attributable to noncontrolling interest | (6.8) | (17.6) | ||||||||
| NET INCOME FROM DISCONTINUED OPERATIONS, NET OF INCOME TAX | 17.4 | 58.2 | ||||||||
| Income from discontinued operations before income taxes attributable to QEP from QEP Midstream | $ 7.9 | $ 20.4 | ||||||||
| Ownership percentage | 57.80% | 57.80% | ||||||||
|
||||||||||
| X | ||||||||||
|
- Definition
Net Income From Discontinued Operations Including Portion Attributable To Noncontrolling Interest No definition available.
|
| X | ||||||||||
|
- Definition
Ownership Percentage No definition available.
|
| X | ||||||||||
|
- Definition
Overall income (loss) from a disposal group that is classified as a component of the entity, before income tax, reported as a separate component of income before extraordinary items. Includes the following (before income tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Tax effect allocated to a disposal group that is classified as a component of the entity reported as a separate component of income before extraordinary items. Includes the tax effects of the following: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Cost incurred related to the gas activities, such as transportation, marketing and processing crude oil, natural gas and refined petroleum products. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Revenue related to midstream and downstream gas activities. May include the following: gathering from wells, processing to remove impurities, storage, transmission, and the sale of natural gas and related products. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of profit or loss for the period which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of lease operating expense related to property used in oil and gas production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Midstream refers to those gas industry activities that fall between exploration and production (upstream) and refining and marketing (downstream). It may be applied to the gathering, processing, transmission and storage of natural gas; including the treating of natural gas to remove impurities, along with the sale of by-products such as residue gas, natural gas liquids and condensate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate revenue during the period related to oil and gas business activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
| X | ||||||||||
|
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
|
- Definition
A tax assessed on oil and gas production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Cost incurred related to the downstream oil and gas activities, including refining of crude oil and marketing and distribution of crude oil, refined petroleum products, and natural gas. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Revenue related to the downstream oil and gas activities, including the refining of crude oil, as well as the marketing and distribution of crude oil, refined petroleum products, and natural gas. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Depreciation, depletion, amortization, and accretion related to oil and gas producing activities. No definition available.
|
| X | ||||||||||
|
- Definition
Cost incurred during the reporting period in transporting goods and services to customers. Includes freight-out costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Earnings Per Share Components of Basic and Diluted Shares Used In EPS Calculation (Details)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2015
|
Sep. 30, 2014
|
Sep. 30, 2015
|
Sep. 30, 2014
|
|
| Earnings Per Share [Abstract] | ||||
| Weighted-average basic common shares outstanding | 176.7 | 180.1 | 176.5 | 180.0 |
| Potential number of shares issuable upon exercise of in-the-money stock options under the Long-term Stock Incentive Plan | 0 | 0.5 | 0 | 0.4 |
| Average diluted common shares outstanding | 176.7 | 180.6 | 176.5 | 180.4 |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Asset Retirement Obligations (Details) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | |
|---|---|---|
|
Sep. 30, 2015
|
Dec. 31, 2014
|
|
| Asset Retirement Obligation [Abstract] | ||
| Asset Retirement Obligation, Current | $ 0.8 | $ 1.3 |
| ARO Liability [Roll Forward] | ||
| ARO liability, Beginning Balance | 195.1 | |
| Accretion | 6.4 | |
| Additions | 3.0 | |
| Revisions | 0.3 | |
| Liabilities related to divestitures | (14.8) | |
| Liabilities settled | (1.5) | |
| ARO liability, Ending Balance | $ 188.5 |
| X | ||||||||||
|
- Definition
Asset Retirement Obligations, Liabilities Related to Divestitures No definition available.
|
| X | ||||||||||
|
- Definition
The carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of accretion expense recognized during the period that is associated with an asset retirement obligation. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Current portion of the carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of asset retirement obligations incurred during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of asset retirement obligations settled, or otherwise disposed of, during the period. This may include asset retirement obligations transferred to third parties associated with the sale of a long-lived asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of the Increase or Decrease in the amount of the asset retirement obligation during the current period for changes in the amount or timing of the estimated cash flows associated with the settlement of the obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Fair Value Measurements Fair Value of Financial Assets and Liabilities (Details) (Fair Value, Measurements, Recurring [Member], USD $)
In Millions, unless otherwise specified |
Sep. 30, 2015
|
Dec. 31, 2014
|
||||
|---|---|---|---|---|---|---|
| Financial Assets | ||||||
| Net amount of derivative assets presented on condensed consolidated balance sheets | $ 200.9 | $ 348.9 | ||||
| Financial liabilities | ||||||
| Net amount of derivative liabilities presented on condensed consolidated balance sheets | 0 | 0 | ||||
|
Level 1 [Member]
|
||||||
| Financial Assets | ||||||
| Derivative Asset, Fair Value, Gross | 0 | 0 | ||||
| Financial liabilities | ||||||
| Derivative Liability, Fair Value, Gross | 0 | 0 | ||||
|
Level 2 [Member]
|
||||||
| Financial Assets | ||||||
| Derivative Asset, Fair Value, Gross | 203.4 | 349.2 | ||||
| Financial liabilities | ||||||
| Derivative Liability, Fair Value, Gross | 2.5 | 0.3 | ||||
|
Level 3 [Member]
|
||||||
| Financial Assets | ||||||
| Derivative Asset, Fair Value, Gross | 0 | 0 | ||||
| Financial liabilities | ||||||
| Derivative Liability, Fair Value, Gross | 0 | 0 | ||||
|
Netting Adjustments [Member]
|
||||||
| Financial Assets | ||||||
| Derivative Asset, Fair Value, Gross | (2.5) | [1] | (0.3) | [1] | ||
| Financial liabilities | ||||||
| Derivative Liability, Fair Value, Gross | (2.5) | [1] | (0.3) | [1] | ||
|
Commodity Contract [Member] | Level 2 [Member]
|
||||||
| Financial Assets | ||||||
| Derivative Asset, Fair Value, Gross | 203.4 | 349.2 | ||||
| Financial liabilities | ||||||
| Derivative Liability, Fair Value, Gross | 2.5 | 0.3 | ||||
|
Long-term [Member] | Commodity Contract [Member]
|
||||||
| Financial Assets | ||||||
| Net amount of derivative assets presented on condensed consolidated balance sheets | 17.0 | 9.9 | ||||
| Financial liabilities | ||||||
| Net amount of derivative liabilities presented on condensed consolidated balance sheets | 0 | |||||
|
Long-term [Member] | Commodity Contract [Member] | Level 1 [Member]
|
||||||
| Financial Assets | ||||||
| Derivative Asset, Fair Value, Gross | 0 | 0 | ||||
| Financial liabilities | ||||||
| Derivative Liability, Fair Value, Gross | 0 | |||||
|
Long-term [Member] | Commodity Contract [Member] | Level 2 [Member]
|
||||||
| Financial Assets | ||||||
| Derivative Asset, Fair Value, Gross | 17.0 | 9.9 | ||||
| Financial liabilities | ||||||
| Derivative Liability, Fair Value, Gross | 0 | 0 | ||||
|
Long-term [Member] | Commodity Contract [Member] | Level 3 [Member]
|
||||||
| Financial Assets | ||||||
| Derivative Asset, Fair Value, Gross | 0 | 0 | ||||
| Financial liabilities | ||||||
| Derivative Liability, Fair Value, Gross | 0 | |||||
|
Long-term [Member] | Commodity Contract [Member] | Netting Adjustments [Member]
|
||||||
| Financial Assets | ||||||
| Derivative Asset, Fair Value, Gross | 0 | [1] | 0 | [1] | ||
| Financial liabilities | ||||||
| Derivative Liability, Fair Value, Gross | 0 | [1] | ||||
|
Short-term [Member] | Commodity Contract [Member]
|
||||||
| Financial Assets | ||||||
| Net amount of derivative assets presented on condensed consolidated balance sheets | 183.9 | 339.0 | ||||
| Financial liabilities | ||||||
| Net amount of derivative liabilities presented on condensed consolidated balance sheets | 0 | 0 | ||||
|
Short-term [Member] | Commodity Contract [Member] | Level 1 [Member]
|
||||||
| Financial Assets | ||||||
| Derivative Asset, Fair Value, Gross | 0 | 0 | ||||
| Financial liabilities | ||||||
| Derivative Liability, Fair Value, Gross | 0 | 0 | ||||
|
Short-term [Member] | Commodity Contract [Member] | Level 2 [Member]
|
||||||
| Financial Assets | ||||||
| Derivative Asset, Fair Value, Gross | 186.4 | 339.3 | ||||
| Financial liabilities | ||||||
| Derivative Liability, Fair Value, Gross | 2.5 | 0.3 | ||||
|
Short-term [Member] | Commodity Contract [Member] | Level 3 [Member]
|
||||||
| Financial Assets | ||||||
| Derivative Asset, Fair Value, Gross | 0 | 0 | ||||
| Financial liabilities | ||||||
| Derivative Liability, Fair Value, Gross | 0 | 0 | ||||
|
Short-term [Member] | Commodity Contract [Member] | Netting Adjustments [Member]
|
||||||
| Financial Assets | ||||||
| Derivative Asset, Fair Value, Gross | (2.5) | [1] | (0.3) | [1] | ||
| Financial liabilities | ||||||
| Derivative Liability, Fair Value, Gross | $ (2.5) | [1] | $ (0.3) | [1] | ||
|
||||||
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value, after effects of master netting arrangements, of financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset offset against an obligation to return collateral. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value, after effects of master netting arrangements, of financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset offset against the right to receive collateral. Includes liabilities not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Fair Value Measurements Fair Value and Related Carrying Amount of Certain Financial Instruments (Details) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2015
|
Dec. 31, 2014
|
Sep. 30, 2014
|
Dec. 31, 2013
|
|---|---|---|---|---|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
| Cash and Cash Equivalents, at Carrying Value | $ 495.8 | $ 1,160.1 | $ 0 | $ 11.9 |
| Checks outstanding in excess of cash balances | 12.8 | 54.7 | ||
| Long-term Debt | 2,218.5 | 2,218.1 | ||
|
Estimate of Fair Value Measurement [Member]
|
||||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
| Cash and Cash Equivalents, at Carrying Value | 495.8 | 1,160.1 | ||
| Checks outstanding in excess of cash balances | 12.8 | 54.7 | ||
| Long-term debt | 1,965.5 | 2,171.6 | ||
|
Reported Value Measurement [Member]
|
||||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
| Cash and Cash Equivalents, at Carrying Value | 495.8 | 1,160.1 | ||
| Checks outstanding in excess of cash balances | 12.8 | 54.7 | ||
| Long-term Debt | $ 2,218.5 | $ 2,218.1 |
| X | ||||||||||
|
- Definition
Carrying value as of the balance sheet date of payments made in excess of existing cash balances, which will be honored by the bank but reflected as a loan to the entity. Overdrafts generally have a very short time frame for correction or repayment and are therefore more similar to short-term bank financing than trade financing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. No definition available.
|
|
Derivative Contracts (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | |||
|---|---|---|---|---|
|
Sep. 30, 2015
|
Sep. 30, 2015
Minimum [Member]
|
Sep. 30, 2015
Maximum [Member]
|
Dec. 31, 2014
Term Loan due 2017 [Member]
|
|
| Derivative [Line Items] | ||||
| Maximum Forecasted Production Covered By Derivatives | 100.00% | |||
| Expected Annual Production Covered By Derivatives | 50.00% | 75.00% | ||
| Line of Credit Maximum Borrowing Capacity | $ 600.0 | |||
| X | ||||||||||
|
- Definition
Expected Annual Production Covered By Derivatives No definition available.
|
| X | ||||||||||
|
- Definition
Potential maximum amount of forecasted production covered by derivative contracts. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Derivative Contracts Schedule Of Commodity Derivative Contracts (Details) (USD $)
|
9 Months Ended |
|---|---|
|
Sep. 30, 2015
MMBTU
|
|
|
Natural Gas Sales [Member] | QEP Energy [Member] | Year 2015 [Member] | NYMEX HH [Member]
|
|
| Derivative [Line Items] | |
| Derivative Contract Year | 2015 |
| Derivative, Underlying Basis | NYMEX HH |
| Derivative, Nonmonetary Notional Amount | 17,500,000 |
| Underlying, Derivative Asset | 3.48 |
|
Natural Gas Sales [Member] | QEP Energy [Member] | Year 2015 [Member] | IFNPCR [Member]
|
|
| Derivative [Line Items] | |
| Derivative Contract Year | 2015 |
| Derivative, Underlying Basis | IFNPCR |
| Derivative, Nonmonetary Notional Amount | 12,000,000 |
| Underlying, Derivative Asset | 3.55 |
|
Natural Gas Sales [Member] | QEP Energy [Member] | Year 2016 [Member] | NYMEX HH [Member]
|
|
| Derivative [Line Items] | |
| Derivative Contract Year | 2016 |
| Derivative, Underlying Basis | NYMEX HH |
| Derivative, Nonmonetary Notional Amount | 22,000,000 |
| Underlying, Derivative Asset | 3.19 |
|
Natural Gas Sales [Member] | QEP Energy [Member] | Year 2016 [Member] | IFNPCR [Member]
|
|
| Derivative [Line Items] | |
| Derivative Contract Year | 2016 |
| Derivative, Underlying Basis | IFNPCR |
| Derivative, Nonmonetary Notional Amount | 32,900,000 |
| Underlying, Derivative Asset | 2.92 |
|
Natural Gas Sales [Member] | QEP Energy [Member] | Year 2017 [Member] | IFNPCR [Member]
|
|
| Derivative [Line Items] | |
| Derivative Contract Year | 2017 |
| Derivative, Underlying Basis | NYMEX HH |
| Derivative, Nonmonetary Notional Amount | 7,300,000 |
| Underlying, Derivative Asset | 3.21 |
|
Natural Gas Sales [Member] | QEP Marketing [Member] | Year 2015 [Member] | IFNPCR [Member]
|
|
| Derivative [Line Items] | |
| Derivative Contract Year | 2015 |
| Derivative, Underlying Basis | IFNPCR |
| Derivative, Nonmonetary Notional Amount | 2,400,000 |
| Underlying, Derivative Asset | 3.25 |
|
Natural Gas Sales [Member] | QEP Marketing [Member] | Year 2016 [Member] | IFNPCR [Member]
|
|
| Derivative [Line Items] | |
| Derivative Contract Year | 2016 |
| Derivative, Underlying Basis | IFNPCR |
| Derivative, Nonmonetary Notional Amount | 2,900,000 |
| Underlying, Derivative Asset | 3.06 |
|
Purchased Gas and Oil Expense [Member] | QEP Marketing [Member] | Year 2015 [Member] | IFNPCR [Member]
|
|
| Derivative [Line Items] | |
| Derivative Contract Year | 2015 |
| Derivative, Underlying Basis | IFNPCR |
| Derivative, Nonmonetary Notional Amount | 1,200,000 |
| Underlying, Derivative Asset | 2.75 |
|
Natural Gas [Member] | QEP Energy [Member] | Year 2016 [Member] | NYMEX HH [Member]
|
|
| Derivative [Line Items] | |
| Derivative Contract Year | 2016 |
| Derivative, Underlying Basis | NYMEX HH |
| Derivative, Nonmonetary Notional Amount | 7,300,000 |
| Derivative Average Price Floor | $ 2.75 |
| Derivative Average Price Ceiling | $ 3.89 |
|
Oil Sales [Member] | QEP Energy [Member] | Year 2015 [Member] | NYMEX WTI [Member]
|
|
| Derivative [Line Items] | |
| Derivative Contract Year | 2015 |
| Derivative, Underlying Basis | NYMEX WTI |
| Derivative, Nonmonetary Notional Amount | 2,600,000 |
| Underlying, Derivative Asset | 82.09 |
|
Oil Sales [Member] | QEP Energy [Member] | Year 2015 [Member] | BRENT ICE [Member]
|
|
| Derivative [Line Items] | |
| Derivative Contract Year | 2015 |
| Derivative, Underlying Basis | ICE Brent |
| Derivative, Nonmonetary Notional Amount | 100,000 |
| Underlying, Derivative Asset | 104.95 |
|
Oil Sales [Member] | QEP Energy [Member] | Year 2016 [Member] | NYMEX WTI [Member]
|
|
| Derivative [Line Items] | |
| Derivative Contract Year | 2016 |
| Derivative, Underlying Basis | NYMEX WTI |
| Derivative, Nonmonetary Notional Amount | 3,300,000 |
| Underlying, Derivative Asset | 65.43 |
|
Gas Basis Swaps [Member] | QEP Energy [Member] | Year 2015 [Member] | NYMEX HH LESS IFNPCR [Member]
|
|
| Derivative [Line Items] | |
| Derivative Contract Year | 2015 |
| Derivative, Underlying Basis | IFNPCR |
| Derivative, Nonmonetary Notional Amount | 11,000,000 |
| Underlying, Derivative Asset | (0.28) |
|
Gas Basis Swaps [Member] | QEP Energy [Member] | Year 2016 [Member] | NYMEX HH LESS IFNPCR [Member]
|
|
| Derivative [Line Items] | |
| Derivative Contract Year | 2016 |
| Derivative, Underlying Basis | IFNPCR |
| Derivative, Nonmonetary Notional Amount | 7,300,000 |
| Underlying, Derivative Asset | (0.20) |
| X | ||||||||||
|
- Definition
Aggregate notional amount of derivative expressed in nonmonetary units. For example, the number of barrels specified in a fuel oil forward purchase contract. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Derivative Average Price Ceiling No definition available.
|
| X | ||||||||||
|
- Definition
Derivative Average Price Floor No definition available.
|
| X | ||||||||||
|
- Definition
The contract year for the derivative contract. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Reference to the index or unit of measurement for the underlying which establishes the pricing terms of the derivative instrument. For example, the basis on the underlying for a natural gas futures contract might be the NYMEX price per million British thermal units (MMBtu). No definition available.
|
| X | ||||||||||
|
- Definition
Specified interest rate, security price, commodity price, foreign exchange rate, index of prices or rates for a derivative contract but not the derivative contract itself. No definition available.
|
| X | ||||||||||
|
- Definition
Specified interest rate, security price, commodity price, foreign exchange rate, index of prices or rates for a derivative asset contract but not the derivative contract itself. No definition available.
|
|
Derivative Contracts Schedule of Derivatives Financial Statement Presentation (Details) (Fair Value, Inputs, Level 2 [Member], Fair Value, Measurements, Recurring [Member], USD $)
In Millions, unless otherwise specified |
Sep. 30, 2015
|
Dec. 31, 2014
|
|---|---|---|
| Derivative [Line Items] | ||
| Derivative Asset, Fair Value, Gross Asset | $ 203.4 | $ 349.2 |
| Derivative Liability, Fair Value, Gross | 2.5 | 0.3 |
|
Commodity Contract [Member]
|
||
| Derivative [Line Items] | ||
| Derivative Asset, Fair Value, Gross Asset | 203.4 | 349.2 |
| Derivative Liability, Fair Value, Gross | 2.5 | 0.3 |
|
Commodity Contract [Member] | Short-term [Member]
|
||
| Derivative [Line Items] | ||
| Derivative Asset, Fair Value, Gross Asset | 186.4 | 339.3 |
| Derivative Liability, Fair Value, Gross | 2.5 | 0.3 |
|
Commodity Contract [Member] | Long-term [Member]
|
||
| Derivative [Line Items] | ||
| Derivative Asset, Fair Value, Gross Asset | 17.0 | 9.9 |
| Derivative Liability, Fair Value, Gross | $ 0 | $ 0 |
| X | ||||||||||
|
- Definition
Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Derivative Contracts Gain (Loss) in Statement of Financial Performance (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2015
|
Sep. 30, 2014
|
Sep. 30, 2015
|
Sep. 30, 2014
|
|
| Derivative [Line Items] | ||||
| Realized gain (loss) derivative contracts not designated as hedging instruments | $ 119.8 | $ (8.4) | $ 316.5 | $ (79.1) |
| Unrealized gain (loss) derivative contracts not designated as hedging instruments | 33.8 | 164.1 | (148.0) | 65.9 |
| Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net | 153.6 | 155.7 | 168.5 | (13.2) |
|
Realized and unrealized gains on commodity derivative instruments [Member]
|
||||
| Derivative [Line Items] | ||||
| Realized gain (loss) on commodity derivative contracts not designated as hedging instruments | 119.8 | (7.1) | 316.5 | (75.9) |
| Unrealized gain (loss) on commodity derivative contracts not designated as hedging instruments | 33.8 | 161.5 | (148.0) | 64.8 |
| Realized and Unrealized Gain (Loss) on Commodity Derivative Contracts Not Designated as Hedging Instruments | 153.6 | 154.4 | 168.5 | (11.1) |
|
Natural gas derivative contracts [Member] | Realized and unrealized gains on commodity derivative instruments [Member] | QEP Energy [Member]
|
||||
| Derivative [Line Items] | ||||
| Realized gain (loss) on commodity derivative contracts not designated as hedging instruments | 23.1 | 5.5 | 69.1 | (23.3) |
| Unrealized gain (loss) on commodity derivative contracts not designated as hedging instruments | 3.6 | 27.6 | (19.5) | 9.5 |
|
Natural gas derivative contracts [Member] | Realized and unrealized gains on commodity derivative instruments [Member] | QEP Marketing [Member]
|
||||
| Derivative [Line Items] | ||||
| Realized gain (loss) on commodity derivative contracts not designated as hedging instruments | (0.1) | (0.4) | 2.1 | (2.4) |
| Unrealized gain (loss) on commodity derivative contracts not designated as hedging instruments | 1.4 | 0.7 | (0.5) | 1.0 |
|
Oil derivative contracts [Member] | Realized and unrealized gains on commodity derivative instruments [Member] | QEP Energy [Member]
|
||||
| Derivative [Line Items] | ||||
| Realized gain (loss) on commodity derivative contracts not designated as hedging instruments | 96.8 | (12.2) | 245.3 | (50.2) |
| Unrealized gain (loss) on commodity derivative contracts not designated as hedging instruments | 28.8 | 133.2 | (128.0) | 54.3 |
|
Interest Rate Swap [Member] | Realized And Unrealized Gains Losses On Interest Rate Swaps [Member]
|
||||
| Derivative [Line Items] | ||||
| Realized gain (loss) on commodity derivative contracts not designated as hedging instruments | 0 | (1.3) | 0 | (3.2) |
| Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments | 0 | 2.6 | 0 | 1.1 |
| Realized and Unrealized Gain (Loss) on Commodity Derivative Contracts Not Designated as Hedging Instruments | $ 0 | $ 1.3 | $ 0 | $ (2.1) |
| X | ||||||||||
|
- Definition
Total Realized and Unrealized Gain (Loss) on Commodity Derivative Contracts Not Designated as Hedging Instruments No definition available.
|
| X | ||||||||||
|
- Definition
Realized gain (loss) derivative contracts not designated as hedging instruments No definition available.
|
| X | ||||||||||
|
- Definition
Represents the realized gain (loss) on commodity derivative contracts not designated as hedging instruments for the period. No definition available.
|
| X | ||||||||||
|
- Definition
Unrealized gain (loss) derivative contracts not designated as hedging instruments No definition available.
|
| X | ||||||||||
|
- Definition
Represents the unrealized gain (loss) on commodity derivative contracts not designated as hedging instruments for the period. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of realized and unrealized gain (loss) of derivative instruments not designated or qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of gain (loss) included in earnings for the period from the increase (decrease) in fair value of interest rate derivatives not designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Restructuring Costs Narrative (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended |
|---|---|---|
|
Sep. 30, 2015
|
Sep. 30, 2015
|
|
| Restructuring Cost and Reserve [Line Items] | ||
| Restructuring and Related Cost, Incurred Cost | $ 6.2 | |
|
Unrelated to Tulsa Restructuring [Member]
|
||
| Restructuring Cost and Reserve [Line Items] | ||
| Restructuring and Related Cost, Expected Cost | 2.7 | 2.7 |
|
Tulsa Regional Office [Member]
|
||
| Restructuring Cost and Reserve [Line Items] | ||
| Restructuring and Related Cost, Incurred Cost | 3.5 | |
|
One-time Termination Benefits [Member] | Unrelated to Tulsa Restructuring [Member]
|
||
| Restructuring Cost and Reserve [Line Items] | ||
| Restructuring and Related Cost, Incurred Cost | 2.7 | |
|
One-time Termination Benefits [Member] | Tulsa Regional Office [Member]
|
||
| Restructuring Cost and Reserve [Line Items] | ||
| Restructuring and Related Cost, Expected Cost | 5.5 | 5.5 |
| Restructuring and Related Cost, Incurred Cost | 2.8 | 2.8 |
|
Employee Relocation [Member] | Tulsa Regional Office [Member]
|
||
| Restructuring Cost and Reserve [Line Items] | ||
| Restructuring and Related Cost, Expected Cost | 2.8 | 2.8 |
| Restructuring and Related Cost, Incurred Cost | 0.7 | 0.7 |
|
Facility Closing [Member] | Tulsa Regional Office [Member]
|
||
| Restructuring Cost and Reserve [Line Items] | ||
| Restructuring and Related Cost, Expected Cost | 3.9 | 3.9 |
|
Minimum [Member]
|
||
| Restructuring Cost and Reserve [Line Items] | ||
| Restructuring and Related Cost, Expected Cost | 8.0 | 8.0 |
|
Minimum [Member] | Tulsa Regional Office [Member]
|
||
| Restructuring Cost and Reserve [Line Items] | ||
| Restructuring and Related Cost, Expected Cost | 5.3 | 5.3 |
|
Maximum [Member]
|
||
| Restructuring Cost and Reserve [Line Items] | ||
| Restructuring and Related Cost, Expected Cost | 12.0 | 12.0 |
|
Maximum [Member] | Tulsa Regional Office [Member]
|
||
| Restructuring Cost and Reserve [Line Items] | ||
| Restructuring and Related Cost, Expected Cost | $ 9.3 | $ 9.3 |
| X | ||||||||||
|
- Definition
Amount expected to be recognized in earnings for the specified restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Discloses the amount charged against the accrued restructuring reserves, or earnings if not previously accrued, during the period for the specified type of restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Restructuring Costs Restructuring Reserve Roll Forward (Details) (USD $)
In Millions, unless otherwise specified |
9 Months Ended |
|---|---|
|
Sep. 30, 2015
|
|
| Restructuring Reserve [Roll Forward] | |
| Balance at beginning of period | $ 0 |
| Costs incurred and charged to expense | 6.2 |
| Costs paid or otherwise settled | (3.8) |
| Balance at end of period | $ 2.4 |
| X | ||||||||||
|
- Definition
Amount of cash payments made as the result of exit or disposal activities. Excludes payments associated with a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount (including both current and noncurrent portions of the accrual) as of the balance sheet date pertaining to a specified type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of any reversal and other adjustment made during the period to the amount of a previously accrued liability for a specified type of restructuring cost, excluding adjustments for costs incurred during the period, costs settled during the period, and foreign currency translation adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
|
Debt (Narrative) (Details) (USD $)
|
9 Months Ended | ||
|---|---|---|---|
|
Sep. 30, 2015
|
Dec. 31, 2014
|
Sep. 30, 2014
|
|
| Debt Instrument [Line Items] | |||
| Debt Maturity Period | 5 years 0 months 0 days | ||
| Principal amount of senior notes outstanding | $ 2,221,800,000 | ||
| Debt Instrument, Maturity Date Range, Start | Sep. 01, 2016 | ||
| Debt Instrument, Maturity Date Range, End | May 01, 2023 | ||
| Senior Notes, stated interest rate, minimum (in hundredths) | 5.25% | ||
| Senior Notes, stated interest rate, maximim (in hundredths) | 6.875% | ||
|
Revolving Credit Facility due 2019 [Member]
|
|||
| Debt Instrument [Line Items] | |||
| Maturity date of long-term debt | Dec. 02, 2019 | ||
| Borrowing capacity | 1,800,000,000 | ||
| Weighted-average interest rate (in hundredths) | 2.22% | ||
| Letters of credit outstanding | $ 3,700,000 | $ 3,700,000 | |
|
6.05% Senior Notes due 2016 [Member]
|
|||
| Debt Instrument [Line Items] | |||
| Long-term debt, interest rate (in hundredths) | 6.05% | ||
| Maturity date of long-term debt | Sep. 01, 2016 | ||
|
6.80% Senior Notes due 2018 [Member]
|
|||
| Debt Instrument [Line Items] | |||
| Long-term debt, interest rate (in hundredths) | 6.80% | ||
| Maturity date of long-term debt | Apr. 01, 2018 | ||
|
6.80% Senior Notes Due 2020 [Member]
|
|||
| Debt Instrument [Line Items] | |||
| Long-term debt, interest rate (in hundredths) | 6.80% | ||
| Maturity date of long-term debt | Mar. 01, 2020 |
| X | ||||||||||
|
- Definition
Debt Maturity Period No definition available.
|
| X | ||||||||||
|
- Definition
Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Maximum contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Minimum contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Latest date the outstanding debt instruments are required to be repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Earliest date the outstanding debt instruments are required to be repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. No definition available.
|
| X | ||||||||||
|
- Definition
Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average interest rate of long-term debt outstanding. No definition available.
|
| X | ||||||||||
|
- Definition
Including the current and noncurrent portions, carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer). Senior note holders are paid off in full before any payments are made to junior note holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Debt Schedule of Debt Instruments (Details) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2015
|
Dec. 31, 2014
|
|---|---|---|
| Debt Instrument [Line Items] | ||
| Less unamortized discount | $ (3.3) | $ (3.7) |
| Long-term Debt | 2,218.5 | 2,218.1 |
| Less: current portion of long-term debt | (176.7) | 0 |
| Total long-term debt outstanding | 2,041.8 | 2,218.1 |
|
Revolving Credit Facility due 2019 [Member]
|
||
| Debt Instrument [Line Items] | ||
| Long-term Debt, Gross | 0 | 0 |
|
6.05% Senior Notes due 2016 [Member]
|
||
| Debt Instrument [Line Items] | ||
| Long-term Debt, Gross | 176.8 | 176.8 |
|
6.80% Senior Notes due 2018 [Member]
|
||
| Debt Instrument [Line Items] | ||
| Long-term Debt, Gross | 134.0 | 134.0 |
|
6.80% Senior Notes Due 2020 [Member]
|
||
| Debt Instrument [Line Items] | ||
| Long-term Debt, Gross | 136.0 | 136.0 |
|
6.875% Senior Notes Due 2021 [Member]
|
||
| Debt Instrument [Line Items] | ||
| Long-term Debt, Gross | 625.0 | 625.0 |
|
5.375% Senior Notes Due 2022 [Member]
|
||
| Debt Instrument [Line Items] | ||
| Long-term Debt, Gross | 500.0 | 500.0 |
|
5.25% Senior Notes Due 2023 [Member]
|
||
| Debt Instrument [Line Items] | ||
| Long-term Debt, Gross | $ 650.0 | $ 650.0 |
| X | ||||||||||
|
- Definition
Amount of long-term debt before deduction of unamortized discount or premium. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, with initial maturities beyond one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Carrying value as of the balance sheet date of the portion of long-term, uncollateralized debt obligations due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Contingencies (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
9 Months Ended |
|---|---|
|
Sep. 30, 2015
|
|
| Commitments and Contingencies Disclosure [Abstract] | |
| Loss Contingency, Range of Possible Loss, Minimum | $ 0 |
| Loss Contingency, Range of Possible Loss, Maximum | 20.0 |
| Litigation Settlement, Amount | 16.7 |
| Litigation Settlement Statutory Interest Rate | 10.00% |
| Loss Contingency Bond Posted | $ 20.0 |
| X | ||||||||||
|
- Definition
Litigation Settlement Statutory Interest Rate No definition available.
|
| X | ||||||||||
|
- Definition
Loss Contingency Bond Posted No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of judgment or settlement awarded to (against) the entity in respect of litigation. No definition available.
|
| X | ||||||||||
|
- Definition
The estimated maximum amount of possible loss from the contingency. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The estimated minimum amount of possible loss from the contingency. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Share-Based Compensation (Narrative) (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2015
|
Sep. 30, 2014
|
Sep. 30, 2015
|
Sep. 30, 2014
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
| Shares available for future grants | 9.1 | 9.1 | ||
| Share-based compensation | $ 23.3 | $ 23.7 | ||
|
Employee Stock Option [Member]
|
||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
| Intrinsic value of options exercised | 0.1 | 0.6 | ||
| Unrecognized compensation costs | 2.6 | 2.6 | ||
| Weighted average period for recognition of equity-based compensation expense | 2 years 1 month 19 days | |||
|
Restricted Stock [Member]
|
||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
| Weighted average grant date fair value, grants | $ 21.02 | $ 31.82 | ||
| Unrecognized compensation costs | 27.5 | 27.5 | ||
| Weighted average period for recognition of equity-based compensation expense | 2 years 2 months 26 days | |||
| Award vesting period | 3 years 0 months 0 days | |||
| Total fair value of stock that vested during the period | 21.0 | 20.2 | ||
|
Performance Share Units [Member]
|
||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
| Weighted average grant date fair value, grants | $ 21.69 | $ 31.71 | ||
| Unrecognized compensation costs | 2.7 | 2.7 | ||
| Weighted average period for recognition of equity-based compensation expense | 1 year 10 months 26 days | |||
|
Continuing Operations [Member]
|
||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
| Share-based compensation | 7.7 | 8.1 | 23.3 | 20.4 |
|
Discontinued Operations [Member]
|
||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
| Share-based compensation | $ 1.0 | $ 3.3 | ||
| X | ||||||||||
|
- Definition
Unrecognized cost of unvested share-based compensation awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Fair value of share-based awards for which the grantee gained the right by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of accumulated difference between fair value of underlying shares on dates of exercise and exercise price on options exercised (or share units converted) into shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Share-Based Compensation Fair Value Of Options Granted And Major Assumptions Used (Details) (USD $)
|
9 Months Ended |
|---|---|
|
Sep. 30, 2015
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Weighted-average grant-date fair value of awards granted during the period | $ 6.82 |
| Weighted-average risk-free interest rate | 1.38% |
| Weighted-average expected price volatility | 36.80% |
| Expected dividend yield | 0.37% |
| Expected term in years at the date of grant | 4 years 6 months |
| X | ||||||||||
|
- Definition
The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average expected volatility rate of share-based compensation awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Share-Based Compensation Schedule Of Stock Option Transactions (Details) (USD $)
In Millions, except Share data, unless otherwise specified |
9 Months Ended | |
|---|---|---|
|
Sep. 30, 2015
|
Sep. 30, 2014
|
|
| Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ||
| Outstanding at beginning of period | 1,996,215 | |
| Options granted | 425,877 | |
| Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | (15,000) | |
| Options forfeited | (2,817) | |
| Options cancelled | (60,000) | |
| Outstanding at end of period | 2,344,275 | |
| Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract] | ||
| Weighted average exercise price, beginning of year | $ 28.60 | |
| Weighted average exercise price, granted in period | $ 21.69 | |
| Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | $ 19.37 | |
| Weighted average exercise price, forfeited in period | $ 31.31 | |
| Weighted average exercise price, canceled in period | $ 27.84 | |
| Weighted average exercise price, end of year | $ 27.42 | |
| Options exercisable, shares | 1,665,825 | |
| Options exercisable, weighted average exercise price | $ 28.32 | |
| Unvested options, shares | 678,450 | |
| Unvested options, weighted average exercise price | $ 25.20 | |
| Weighted average remaining contractual term, options outstanding | 3 years 2 months 25 days | |
| Weighted average remaining contractual term, options exercisable | 2 years 1 month 27 days | |
| Weighted average remaining contractual term, options unvested | 5 years 10 months 17 days | |
| Aggregate intrinsic value, options outstanding | $ 0 | |
| Aggregate intrinsic value, options exercisable | 0 | |
| Aggregate intrinsic value, options unvested | 0 | |
|
Employee Stock Option [Member]
|
||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
| Intrinsic value of options exercised | $ 0.1 | $ 0.6 |
| X | ||||||||||
|
- Definition
The total dollar difference between fair values of the underlying shares reserved for issuance and exercise prices of unvested portions of options outstanding and currently exercisable under the option plan as of the balance sheet date. No definition available.
|
| X | ||||||||||
|
- Definition
The weighted average period between the balance sheet date and expiration for all unvested portions of options outstanding under the plan, which may be expressed in a decimal value for number of years. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of vested portions of options outstanding and currently exercisable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average remaining contractual term for vested portions of options outstanding and currently exercisable or convertible, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of accumulated difference between fair value of underlying shares on dates of exercise and exercise price on options exercised (or share units converted) into shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Gross number of share options (or share units) granted during the period. No definition available.
|
| X | ||||||||||
|
- Definition
Number of non-vested options outstanding. No definition available.
|
| X | ||||||||||
|
- Definition
Weighted average grant-date fair value of non-vested options outstanding. No definition available.
|
| X | ||||||||||
|
- Definition
The addition or reduction in the number of reserved shares that could potentially be issued under the option plan attributable to reasons other than grants, exercises, forfeitures, and expirations during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Number of options outstanding, including both vested and non-vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
| X | ||||||||||
|
- Definition
Weighted average price at which grantees could have acquired the underlying shares with respect to stock options that were terminated. No definition available.
|
| X | ||||||||||
|
- Definition
Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options. No definition available.
|
| X | ||||||||||
|
- Definition
Weighted average price at which grantees could acquire or could have acquired the underlying shares with respect to any other type of change in shares reserved for issuance. No definition available.
|
| X | ||||||||||
|
- Definition
Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Share-Based Compensation Schedule of Restricted Stock Transactions (Details) (Restricted Stock [Member], USD $)
|
9 Months Ended | |
|---|---|---|
|
Sep. 30, 2015
|
Sep. 30, 2014
|
|
|
Restricted Stock [Member]
|
||
| Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | ||
| Unvested balance at beginning of period | 1,426,453 | |
| Shares granted | 1,484,567 | |
| Shares vested | (683,562) | |
| Shares forfeited | (93,425) | |
| Unvested balance at end of period | 2,134,033 | |
| Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract] | ||
| Weighted average grant date fair value, beginning of period | $ 31.02 | |
| Weighted average grant date fair value, grants | $ 21.02 | $ 31.82 |
| Weighted average grant date fair value, vested | $ 30.67 | |
| Weighted average grant date fair value, forfeited | $ 27.20 | |
| Weighted average grant date fair value, end of period | $ 24.35 | |
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Share-Based Compensation Schedule Of Performance Share Unit Transactions (Details) (Performance Share Units [Member], USD $)
|
9 Months Ended | |
|---|---|---|
|
Sep. 30, 2015
|
Sep. 30, 2014
|
|
|
Performance Share Units [Member]
|
||
| Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | ||
| Unvested balance at beginning of period | 552,209 | |
| Shares granted | 234,085 | |
| Shares vested | (131,665) | |
| Shares vested and canceled | (14,612) | |
| Shares forfeited | (6,792) | |
| Unvested balance at end of period | 633,225 | |
| Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract] | ||
| Weighted average grant date fair value, beginning of period | $ 30.85 | |
| Weighted average grant date fair value, grants | $ 21.69 | $ 31.71 |
| Weighted average grant date fair value, vested | $ 30.77 | |
| Weighted average grant date fair value, vested and canceled | $ 30.77 | |
| Weighted average grant date fair value, forfeited | $ 28.29 | |
| Weighted average grant date fair value, end of period | $ 27.52 | |
| X | ||||||||||
|
- Definition
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments other than Options, Canceled in the Period No definition available.
|
| X | ||||||||||
|
- Definition
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments other than Options, Canceled in the Period, Weighted Average Grant Date Fair Value No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Employee Benefits (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2015
|
Sep. 30, 2014
|
Sep. 30, 2015
|
Sep. 30, 2014
|
|||||||
| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||||||||
| Pension curtailment loss | $ 11.2 | $ 0 | ||||||||
|
Funded Pension Plan [Member]
|
||||||||||
| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||||||||
| Pension Contributions | 2.0 | |||||||||
| Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year | 2.0 | |||||||||
|
Unfunded Pension Plan [Member]
|
||||||||||
| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||||||||
| Pension Contributions | 2.9 | |||||||||
| Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year | 1.5 | |||||||||
|
Other Postretirement Benefit Plan [Member]
|
||||||||||
| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||||||||
| Pension curtailment loss | 0 | [1] | 0 | [1] | 0 | [1] | 0.4 | [1] | ||
| Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year | 0.1 | |||||||||
| Other Postretirement Benefits Payments | 0.4 | |||||||||
|
Continuing Operations [Member]
|
||||||||||
| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||||||||
| Other Postretirement Benefit Expense | 0.9 | 1.4 | 14.1 | 8.2 | ||||||
|
Discontinued Operations [Member]
|
||||||||||
| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||||||||
| Other Postretirement Benefit Expense | $ 0.4 | $ 1.4 | ||||||||
|
||||||||||
| X | ||||||||||
|
- Definition
The amount of decrease that is related to an event that significantly reduces the expected years of future service of present employees or eliminates for a significant number of employees the accrual of defined benefits for some or all of their future services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Amount of employer's best estimate of contributions expected to be paid to the plan in the current remaining fiscal period. No definition available.
|
| X | ||||||||||
|
- Definition
The amount of costs recognized during the period for non-pension postretirement benefits, such as medical, dental and life insurance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of cash or cash equivalents contributed during the reporting period by the entity to fund non-pension postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of cash or cash equivalents contributed by the entity to fund its pension plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Employee Benefits Schedule of Net Periodic Benefit Cost (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Sep. 30, 2015
|
Sep. 30, 2014
|
Sep. 30, 2015
|
Sep. 30, 2014
|
|||||||||||
| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||||||||||||
| Pension curtailment loss | $ 11.2 | $ 0 | ||||||||||||
|
Other Postretirement Benefit Plan [Member]
|
||||||||||||||
| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||||||||||||
| Interest cost | 0.1 | 0 | 0.2 | 0.2 | ||||||||||
| Amortization of prior service costs | 0 | [1] | 0.1 | [1] | 0.1 | [1] | 0.3 | [1] | ||||||
| Pension curtailment loss | 0 | [2] | 0 | [2] | 0 | [2] | 0.4 | [2] | ||||||
| Periodic expense | 0.1 | 0.1 | 0.3 | 0.9 | ||||||||||
|
Pension Plan [Member]
|
||||||||||||||
| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||||||||||||
| Service cost | 0.5 | 0.6 | 1.5 | 2.0 | ||||||||||
| Interest cost | 1.3 | 1.2 | 3.7 | 4.0 | ||||||||||
| Expected return on plan assets | (1.5) | (1.4) | (4.3) | (3.8) | ||||||||||
| Amortization of prior service costs | 0.4 | [1] | 1.1 | [1] | 1.3 | [1] | 3.6 | [1] | ||||||
| Amortization of actuarial losses | 0.1 | [1] | 0.2 | [1] | 0.4 | [1] | 0.6 | [1] | ||||||
| Pension curtailment loss | 0 | [2] | 0 | [2] | 11.2 | [2] | 2.0 | [2] | ||||||
| Special Termination Benefits | 0 | [3] | 0 | [3] | 0 | [3] | 0.3 | [3] | ||||||
| Periodic expense | $ 0.8 | $ 1.7 | $ 13.8 | $ 8.7 | ||||||||||
|
||||||||||||||
| X | ||||||||||
|
- Definition
Special Termination Benefits No definition available.
|
| X | ||||||||||
|
- Definition
The amount of gains or losses recognized in net periodic benefit cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
|
- Definition
The amount of the prior service cost or credit recognized in net periodic benefit cost relating to benefit changes attributable to plan participants' prior service pursuant to a plan amendment or a plan initiation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of decrease that is related to an event that significantly reduces the expected years of future service of present employees or eliminates for a significant number of employees the accrual of defined benefits for some or all of their future services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
An amount calculated as a basis for determining the extent of delayed recognition of the effects of changes in the fair value of assets. The expected return on plan assets is determined based on the expected long-term rate of return on plan assets and the market-related value of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The total amount of net periodic benefit cost for defined benefit plans for the period. Periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The actuarial present value of benefits attributed by the pension benefit formula to services rendered by employees during the period. The portion of the expected postretirement benefit obligation attributed to employee service during the period. The service cost component is a portion of the benefit obligation and is unaffected by the funded status of the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
|
Operations by Line of Business (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2015
|
Sep. 30, 2014
|
Sep. 30, 2015
|
Sep. 30, 2014
|
|
| Revenues | ||||
| Total Revenues | $ 536.7 | $ 910.0 | $ 1,636.9 | $ 2,614.7 |
| Operating expenses | ||||
| Purchased gas and oil expense | 175.1 | 288.4 | 561.7 | 775.5 |
| Lease operating expense | 56.7 | 61.1 | 175.6 | 177.0 |
| Natural gas, oil and NGL transportation and other handling costs | 78.1 | 71.1 | 216.2 | 198.5 |
| Gathering, processing and other | 1.3 | 1.4 | 4.4 | 4.8 |
| General and administrative | 42.0 | 49.4 | 140.7 | 147.0 |
| Production and property taxes | 30.2 | 59.4 | 90.7 | 160.8 |
| Depreciation, depletion and amortization | 238.1 | 251.4 | 649.3 | 712.5 |
| Other operating expenses | 15.8 | 0.9 | 38.2 | 8.3 |
| Total operating expenses | 637.3 | 783.1 | 1,876.8 | 2,184.4 |
| Net gain (loss) from asset sales | 12.9 | (11.8) | 6.9 | (210.3) |
| Operating income (loss) | (87.7) | 115.1 | (233.0) | 220.0 |
| Realized and unrealized gains (losses) on derivative contracts | 153.6 | 155.7 | 168.5 | (13.2) |
| Interest and other income (expense) | 0.3 | 4.2 | 1.5 | 7.8 |
| Income from unconsolidated affiliates | 0 | 0.1 | 0 | 0.2 |
| Interest expense | (36.4) | (41.5) | (109.4) | (128.4) |
| Income (loss) before income taxes | 29.8 | 233.6 | (172.4) | 86.4 |
| Income taxes | (8.7) | (79.9) | 61.6 | (26.1) |
| Income from continuing operations | 21.1 | 153.7 | (110.8) | 60.3 |
| Net income from discontinued operations, net of income tax | 0 | 17.4 | 0 | 58.2 |
| Net income (loss) | 21.1 | 171.1 | (110.8) | 118.5 |
|
Unaffiliated customers [Member]
|
||||
| Revenues | ||||
| Total Revenues | 536.7 | 910.0 | 1,636.9 | 2,614.7 |
|
Affiliated customers [Member]
|
||||
| Revenues | ||||
| Total Revenues | 0 | 0 | 0 | 0 |
|
QEP Energy [Member]
|
||||
| Revenues | ||||
| Total Revenues | 382.6 | 652.9 | 1,143.8 | 1,953.3 |
| Operating expenses | ||||
| Purchased gas and oil expense | 23.6 | 32.8 | 71.6 | 120.9 |
| Lease operating expense | 56.7 | 61.1 | 175.6 | 177.0 |
| Natural gas, oil and NGL transportation and other handling costs | 80.1 | 75.2 | 223.0 | 211.8 |
| Gathering, processing and other | 0 | 0 | 0 | 0 |
| General and administrative | 41.2 | 49.0 | 137.4 | 146.5 |
| Production and property taxes | 29.9 | 59.3 | 88.6 | 159.8 |
| Depreciation, depletion and amortization | 235.7 | 249.0 | 641.6 | 704.7 |
| Other operating expenses | 15.8 | 0.9 | 38.2 | 8.3 |
| Total operating expenses | 483.0 | 527.3 | 1,376.0 | 1,529.0 |
| Net gain (loss) from asset sales | 13.2 | (11.9) | 11.9 | (210.3) |
| Operating income (loss) | (87.2) | 113.7 | (220.3) | 214.0 |
| Realized and unrealized gains (losses) on derivative contracts | 152.3 | 154.1 | 166.9 | (9.7) |
| Interest and other income (expense) | 0.9 | 3.9 | 0.5 | 7.4 |
| Income from unconsolidated affiliates | 0.1 | 0.2 | ||
| Interest expense | (52.4) | (57.0) | (152.2) | (162.5) |
| Income (loss) before income taxes | 13.6 | 214.8 | (205.1) | 49.4 |
| Income taxes | (2.8) | (69.1) | 73.2 | (9.0) |
| Income from continuing operations | 145.7 | 40.4 | ||
| Net income from discontinued operations, net of income tax | 0 | 0 | ||
| Net income (loss) | 10.8 | 145.7 | (131.9) | 40.4 |
|
QEP Energy [Member] | Unaffiliated customers [Member]
|
||||
| Revenues | ||||
| Total Revenues | 382.6 | 652.9 | 1,143.8 | 1,953.3 |
|
QEP Energy [Member] | Affiliated customers [Member]
|
||||
| Revenues | ||||
| Total Revenues | 0 | 0 | 0 | 0 |
|
QEP Marketing and Other [Member]
|
||||
| Revenues | ||||
| Total Revenues | 417.5 | 674.9 | 1,212.1 | 1,794.3 |
| Operating expenses | ||||
| Purchased gas and oil expense | 412.1 | 668.3 | 1,200.3 | 1,771.6 |
| Lease operating expense | 0 | 0 | 0 | 0 |
| Natural gas, oil and NGL transportation and other handling costs | 0 | 0 | 0 | 0 |
| Gathering, processing and other | 1.3 | 1.4 | 4.4 | 4.8 |
| General and administrative | 1.6 | 1.4 | 5.3 | 3.1 |
| Production and property taxes | 0.3 | 0.1 | 2.1 | 1.0 |
| Depreciation, depletion and amortization | 2.4 | 2.4 | 7.7 | 7.8 |
| Other operating expenses | 0 | 0 | 0 | 0 |
| Total operating expenses | 417.7 | 673.6 | 1,219.8 | 1,788.3 |
| Net gain (loss) from asset sales | (0.3) | 0.1 | (5.0) | 0 |
| Operating income (loss) | (0.5) | 1.4 | (12.7) | 6.0 |
| Realized and unrealized gains (losses) on derivative contracts | 1.3 | 1.6 | 1.6 | (3.5) |
| Interest and other income (expense) | 52.0 | 56.6 | 153.1 | 162.0 |
| Income from unconsolidated affiliates | 0 | 0 | ||
| Interest expense | (36.6) | (40.8) | (109.3) | (127.5) |
| Income (loss) before income taxes | 16.2 | 18.8 | 32.7 | 37.0 |
| Income taxes | (5.9) | (10.8) | (11.6) | (17.1) |
| Income from continuing operations | 8.0 | 19.9 | ||
| Net income from discontinued operations, net of income tax | 0 | 0 | ||
| Net income (loss) | 10.3 | 8.0 | 21.1 | 19.9 |
|
QEP Marketing and Other [Member] | Unaffiliated customers [Member]
|
||||
| Revenues | ||||
| Total Revenues | 154.1 | 257.1 | 493.1 | 661.4 |
|
QEP Marketing and Other [Member] | Affiliated customers [Member]
|
||||
| Revenues | ||||
| Total Revenues | 263.4 | 417.8 | 719.0 | 1,132.9 |
|
Elimination [Member]
|
||||
| Revenues | ||||
| Total Revenues | (263.4) | (417.8) | (719.0) | (1,132.9) |
| Operating expenses | ||||
| Purchased gas and oil expense | (260.6) | (412.7) | (710.2) | (1,117.0) |
| Lease operating expense | 0 | 0 | 0 | 0 |
| Natural gas, oil and NGL transportation and other handling costs | (2.0) | (4.1) | (6.8) | (13.3) |
| Gathering, processing and other | 0 | 0 | 0 | 0 |
| General and administrative | (0.8) | (1.0) | (2.0) | (2.6) |
| Production and property taxes | 0 | 0 | 0 | 0 |
| Depreciation, depletion and amortization | 0 | 0 | 0 | 0 |
| Other operating expenses | 0 | 0 | 0 | 0 |
| Total operating expenses | (263.4) | (417.8) | (719.0) | (1,132.9) |
| Net gain (loss) from asset sales | 0 | 0 | 0 | 0 |
| Operating income (loss) | 0 | 0 | 0 | 0 |
| Realized and unrealized gains (losses) on derivative contracts | 0 | 0 | 0 | 0 |
| Interest and other income (expense) | (52.6) | (56.3) | (152.1) | (161.6) |
| Income from unconsolidated affiliates | 0 | 0 | ||
| Interest expense | 52.6 | 56.3 | 152.1 | 161.6 |
| Income (loss) before income taxes | 0 | 0 | 0 | 0 |
| Income taxes | 0 | 0 | 0 | 0 |
| Income from continuing operations | 0 | 0 | ||
| Net income from discontinued operations, net of income tax | 0 | 0 | ||
| Net income (loss) | 0 | 0 | 0 | 0 |
|
Elimination [Member] | Unaffiliated customers [Member]
|
||||
| Revenues | ||||
| Total Revenues | 0 | 0 | 0 | 0 |
|
Elimination [Member] | Affiliated customers [Member]
|
||||
| Revenues | ||||
| Total Revenues | (263.4) | (417.8) | (719.0) | (1,132.9) |
|
Discontinued Operations [Member]
|
||||
| Revenues | ||||
| Total Revenues | 0 | 0 | ||
| Operating expenses | ||||
| Purchased gas and oil expense | 0 | 0 | ||
| Lease operating expense | 0 | 0 | ||
| Natural gas, oil and NGL transportation and other handling costs | 0 | 0 | ||
| Gathering, processing and other | 0 | 0 | ||
| General and administrative | 0 | 0 | ||
| Production and property taxes | 0 | 0 | ||
| Depreciation, depletion and amortization | 0 | 0 | ||
| Other operating expenses | 0 | 0 | ||
| Total operating expenses | 0 | 0 | ||
| Net gain (loss) from asset sales | 0 | 0 | ||
| Operating income (loss) | 0 | 0 | ||
| Realized and unrealized gains (losses) on derivative contracts | 0 | 0 | ||
| Interest and other income (expense) | 0 | 0 | ||
| Income from unconsolidated affiliates | 0 | 0 | ||
| Interest expense | 0 | 0 | ||
| Income (loss) before income taxes | 0 | 0 | ||
| Income taxes | 0 | 0 | ||
| Income from continuing operations | 0 | 0 | ||
| Net income from discontinued operations, net of income tax | 17.4 | 58.2 | ||
| Net income (loss) | 17.4 | 58.2 | ||
|
Discontinued Operations [Member] | Unaffiliated customers [Member]
|
||||
| Revenues | ||||
| Total Revenues | 0 | 0 | ||
|
Discontinued Operations [Member] | Affiliated customers [Member]
|
||||
| Revenues | ||||
| Total Revenues | $ 0 | $ 0 | ||
| X | ||||||||||
|
- Definition
Income (Loss) from Equity Method Investments Continuing Operations No definition available.
|
| X | ||||||||||
|
- Definition
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate gain on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Cost incurred related to the gas activities, such as transportation, marketing and processing crude oil, natural gas and refined petroleum products. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of lease operating expense related to property used in oil and gas production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate revenue during the period related to oil and gas business activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
|
- Definition
This element represents a sum total of expenses not separately reflected on the income statement for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
A tax assessed on oil and gas production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Cost incurred related to the downstream oil and gas activities, including refining of crude oil and marketing and distribution of crude oil, refined petroleum products, and natural gas. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Depreciation, depletion, amortization, and accretion related to oil and gas producing activities. No definition available.
|
| X | ||||||||||
|
- Definition
Cost incurred during the reporting period in transporting goods and services to customers. Includes freight-out costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|