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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 50 $ 12
Trade receivables, net 212 232
Inventories 57 58
Other current assets, net 90 123
Total current assets 409 425
PROPERTY, PLANT AND EQUIPMENT 20,963 20,915
Accumulated depreciation, depletion and amortization (15,170) (15,030)
Total property, plant and equipment 5,793 5,885
OTHER ASSETS 35 44
TOTAL ASSETS 6,237 6,354
CURRENT LIABILITIES    
Current maturities of long-term debt 100 100
Accounts payable 238 219
Accrued liabilities 350 407
Total current liabilities 688 726
LONG-TERM DEBT - PRINCIPAL AMOUNT 5,021 5,168
DEFERRED GAIN AND ISSUANCE COSTS, NET 382 397
OTHER LONG-TERM LIABILITIES 593 620
EQUITY    
Preferred stock (20 million shares authorized at $0.01 par value) no shares outstanding at March 31, 2017 and December 31, 2016
Common stock (200 million shares authorized at $0.01 par value) outstanding shares (March 31, 2017 - 42,592,983 and December 31, 2016 - 42,542,637)
Additional paid-in capital 4,867 4,861
Accumulated deficit (5,351) (5,404)
Accumulated other comprehensive loss (11) (14)
Total equity attributable to common stock (495) (557)
Noncontrolling interest 48  
Total equity (447) (557)
TOTAL LIABILITIES AND EQUITY $ 6,237 $ 6,354