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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash $ 122 $ 17
Trade receivables 155 277
Inventories 61 67
Other current assets, net 82 130
Total current assets 420 491
PROPERTY, PLANT AND EQUIPMENT 22,915 22,889
Accumulated depreciation, depletion and amortization (18,555) (16,537)
Total property, plant and equipment, net 4,360 6,352
OTHER ASSETS 76 115
TOTAL ASSETS 4,856 6,958
CURRENT LIABILITIES    
Current portion of long-term debt 0 100
Debtor-in-possession financing 733 0
Accounts payable 221 296
Accrued liabilities 240 313
Total current liabilities 1,194 709
LONG-TERM DEBT 0 4,877
DEFERRED GAIN AND ISSUANCE COSTS, NET 0 146
OTHER LONG-TERM LIABILITIES 727 720
LIABILITIES SUBJECT TO COMPROMISE 4,516 0
MEZZANINE EQUITY    
Redeemable noncontrolling interests 692 802
EQUITY    
Preferred stock (20 million shares authorized at $0.01 par value) no shares outstanding at September 30, 2020 and December 31, 2019 0 0
Common stock (200 million shares authorized at $0.01 par value) outstanding shares (September 30, 2020 - 49,498,227 and December 31, 2019 - 49,175,843) 0 0
Additional paid-in capital 5,148 5,004
Accumulated deficit (7,466) (5,370)
Accumulated other comprehensive loss (23) (23)
Total equity attributable to common stock (2,341) (389)
Equity attributable to noncontrolling interests 68 93
Total equity [1] (2,273) (296)
TOTAL LIABILITIES AND EQUITY $ 4,856 $ 6,958
[1] The above tables exclude amounts related to redeemable noncontrolling interests reported in mezzanine equity. See Note 7 Joint Ventures for more information about our noncontrolling interests and a settlement agreement entered into with one of our noncontrolling interest holders in the third quarter of 2020 where the modification of terms was treated as a return from noncontrolling interest holders.