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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Jun. 30, 2016
Dec. 31, 2015
CURRENT ASSETS        
Cash and cash equivalents $ 9 $ 12 $ 2 $ 12
Trade receivables 193 232    
Inventories 57 58    
Other current assets, net 128 123    
Total current assets 387 425    
PROPERTY, PLANT AND EQUIPMENT 21,045 20,915    
Accumulated depreciation, depletion and amortization (15,307) (15,030)    
Total property, plant and equipment 5,738 5,885    
OTHER ASSETS 29 44    
TOTAL ASSETS 6,154 6,354    
CURRENT LIABILITIES        
Current maturities of long-term debt 100 100    
Accounts payable 243 219    
Accrued liabilities 264 407    
Total current liabilities 607 726    
LONG-TERM DEBT - PRINCIPAL AMOUNT 5,069 5,168    
DEFERRED GAIN AND ISSUANCE COSTS, NET 369 397    
OTHER LONG-TERM LIABILITIES 600 620    
EQUITY        
Preferred stock (20 million shares authorized at $0.01 par value) no shares outstanding at June 30, 2017 and December 31, 2016    
Common stock (200 million shares authorized at $0.01 par value) outstanding shares (June 30,2017 - 42,772,851 and December 31, 2016 - 42,542,637)    
Additional paid-in capital 4,871 4,861    
Accumulated deficit (5,399) (5,404)    
Accumulated other comprehensive loss (11) (14)    
Total equity attributable to common stock (539) (557)    
Noncontrolling interest 48      
Total equity (491) (557)    
TOTAL LIABILITIES AND EQUITY $ 6,154 $ 6,354