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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 817  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations 817 $ 858
Receivables, less reserve of $30 and $11 703 1,122
Inventories 78 72
Other current assets 118 74
Total current assets 1,909 2,135
Equity method investments 628 663
Property, plant and equipment, less accumulated depreciation, depletion and amortization of $18,641 and $18,003 16,903 17,000
Goodwill 0 95
Other noncurrent assets 275 352
Total assets 19,715 20,245
Current liabilities:    
Accounts payable 1,104 1,307
Payroll and benefits payable 68 112
Accrued taxes 72 118
Other current liabilities 198 208
Total current liabilities 1,442 1,745
Long-term debt 5,502 5,501
Deferred tax liabilities 185 186
Defined benefit postretirement plan obligations 172 183
Asset retirement obligations 236 243
Deferred credits and other liabilities 220 234
Total liabilities 7,757 8,092
Commitments and contingencies
Stockholders’ Equity    
Preferred stock - no shares issued or outstanding (no par value, 26 million shares authorized) 0 0
Common stock:    
Issued – 937 million shares (par value $1 per share, 1.925 billion shares authorized at March 31, 2020 and December 31, 2019) 937 937
Held in treasury, at cost – 146 million shares and 141 million shares (4,059) (4,089)
Additional paid-in capital 7,102 7,207
Retained earnings 7,895 7,993
Accumulated other comprehensive income 83 105
Total stockholders’ equity 11,958 12,153
Total liabilities and stockholders’ equity $ 19,715 $ 20,245