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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 4 $ 14
Trade receivables, net 217 308
Inventories 73 71
Other current assets 308 308
Total current assets 602 701
PROPERTY, PLANT AND EQUIPMENT 20,845 20,536
Accumulated depreciation, depletion and amortization (9,588) (8,851)
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET 11,257 11,685
OTHER ASSETS 54 43
TOTAL ASSETS 11,913 12,429
CURRENT LIABILITIES    
Current maturities of long-term debt 75  
Accounts payable 280 588
Accrued liabilities 393 334
Total current liabilities 748 922
LONG-TERM DEBT, NET 6,345 6,292
DEFERRED INCOME TAXES 1,886 2,055
OTHER LONG-TERM LIABILITIES $ 579 $ 549
EQUITY    
Preferred stock (200 million shares authorized at $0.01 par value) no shares outstanding at September 30, 2015 and December 31, 2014
Common stock (2.0 billion shares authorized at $0.01 par value) outstanding shares (September 30, 2015 - 387,837,645 and December 31, 2014 - 385,639,582) $ 4 $ 4
Additional paid-in capital 4,772 4,748
Accumulated deficit (2,401) (2,117)
Accumulated other comprehensive income / (loss) (20) (24)
Total equity 2,355 2,611
TOTAL LIABILITIES AND EQUITY $ 11,913 $ 12,429