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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash $ 126 $ 17
Trade receivables 132 277
Inventories 61 67
Other current assets, net 84 130
Total current assets 403 491
PROPERTY, PLANT AND EQUIPMENT 22,914 22,889
Accumulated depreciation, depletion and amortization (18,465) (16,537)
Total property, plant and equipment, net 4,449 6,352
OTHER ASSETS 78 115
TOTAL ASSETS 4,930 6,958
CURRENT LIABILITIES    
Current portion of long-term debt 5,083 100
Current portion of deferred gain and issuance costs, net 125 0
Accounts payable 196 296
Accrued liabilities 355 313
Total current liabilities 5,759 709
LONG-TERM DEBT 0 4,877
DEFERRED GAIN AND ISSUANCE COSTS, NET 0 146
OTHER LONG-TERM LIABILITIES 719 720
MEZZANINE EQUITY    
Redeemable noncontrolling interests 828 802
EQUITY    
Preferred stock (20 million shares authorized at $0.01 par value) no shares outstanding at June 30, 2020 and December 31, 2019 0 0
Common stock (200 million shares authorized at $0.01 par value) outstanding shares (June 30, 2020 - 49,453,297 and December 31, 2019 - 49,175,843) 0 0
Additional paid-in capital 5,008 5,004
Accumulated deficit (7,437) (5,370)
Accumulated other comprehensive loss (23) (23)
Total equity attributable to common stock (2,452) (389)
Equity attributable to noncontrolling interests 76 93
Total equity [1] (2,376) (296)
TOTAL LIABILITIES AND EQUITY $ 4,930 $ 6,958
[1] The above tables exclude amounts related to redeemable noncontrolling interests reported in mezzanine equity. See Note 6 Joint Ventures for more information.