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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 28 $ 12
Trade receivables 221 232
Inventories 58 58
Other current assets, net 145 123
Total current assets 452 425
PROPERTY, PLANT AND EQUIPMENT 21,124 20,915
Accumulated depreciation, depletion and amortization (15,432) (15,030)
Total property, plant and equipment, net 5,692 5,885
OTHER ASSETS 39 44
TOTAL ASSETS 6,183 6,354
CURRENT LIABILITIES    
Current maturities of long-term debt 100 100
Accounts payable 263 219
Accrued liabilities 383 407
Total current liabilities 746 726
LONG-TERM DEBT - PRINCIPAL AMOUNT 5,039 5,168
DEFERRED GAIN AND ISSUANCE COSTS, NET 356 397
OTHER LONG-TERM LIABILITIES 616 620
EQUITY    
Preferred stock (20 million shares authorized at $0.01 par value) no shares outstanding at September 30, 2017 and December 31, 2016
Common stock (200 million shares authorized at $0.01 par value) outstanding shares (September 30, 2017 - 42,868,072 and December 31, 2016 - 42,542,637)
Additional paid-in capital 4,875 4,861
Accumulated deficit (5,532) (5,404)
Accumulated other comprehensive loss (10) (14)
Total equity attributable to common stock (667) (557)
Noncontrolling interest 93  
Total equity (574) (557)
TOTAL LIABILITIES AND EQUITY $ 6,183 $ 6,354