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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 37 $ 14
Trade receivables, net 268 308
Inventories 74 71
Other current assets 277 308
Total current assets 656 701
PROPERTY, PLANT AND EQUIPMENT 20,745 20,536
Accumulated depreciation, depletion and amortization (9,335) (8,851)
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET 11,410 11,685
OTHER ASSETS 51 43
TOTAL ASSETS 12,117 12,429
CURRENT LIABILITIES    
Current maturities of long-term debt 50  
Accounts payable 278 588
Accrued liabilities 357 334
Total current liabilities 685 922
LONG-TERM DEBT, NET 6,476 6,292
DEFERRED INCOME TAXES 1,941 2,055
OTHER LONG-TERM LIABILITIES $ 560 $ 549
EQUITY    
Preferred stock (200 million shares authorized at $0.01 par value) no shares outstanding at June 30, 2015 and December 31, 2014    
Common stock (2.0 billion shares authorized at $0.01 par value) outstanding shares (June 30, 2015 - 386,380,829 and December 31, 2014 - 385,639,582) $ 4 $ 4
Additional paid-in capital 4,766 4,748
Accumulated deficit (2,293) (2,117)
Accumulated other comprehensive income / (loss) (22) (24)
Total equity 2,455 2,611
TOTAL LIABILITIES AND EQUITY $ 12,117 $ 12,429