XML 12 R3.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Balance Sheet (Unaudited) (USD $)
In Millions
Jun. 30, 2011
Dec. 31, 2010
CURRENT ASSETS    
Cash and cash equivalents $ 2,194 $ 1,608
Accounts receivable    
Trade 4,133 4,478
Other 320 240
Inventories 1,432 1,452
Other current assets 807 1,002
Total current assets 8,886 8,780
INVESTMENTS IN AFFILIATES 417 443
PROPERTY, PLANT AND EQUIPMENT    
Total - at cost 38,378 35,703
Less reserves for depreciation, depletion, amortization and lease impairment 15,850 14,576
Property, plant and equipment - net 22,528 21,127
GOODWILL 2,388 2,408
DEFERRED INCOME TAXES 2,285 2,167
OTHER ASSETS 487 471
TOTAL ASSETS 36,991 35,396
CURRENT LIABILITIES    
Accounts payable 3,761 4,274
Accrued liabilities 2,151 2,567
Taxes payable 849 726
Short-term debt and current maturities of long-term debt 35 46
Total current liabilities 6,796 7,613
LONG-TERM DEBT 5,506 5,537
DEFERRED INCOME TAXES 3,369 2,995
ASSET RETIREMENT OBLIGATIONS 1,218 1,203
OTHER LIABILITIES AND DEFERRED CREDITS 1,198 1,239
Total liabilities 18,087 18,587
Hess Corporation Stockholders' Equity    
Common stock, par value $1.00 Authorized - 600,000 shares Issued - 339,882 shares at June 30, 2011; 337,681 shares at December 31, 2010 340 338
Capital in excess of par value 3,373 3,256
Retained earnings 15,725 14,254
Accumulated other comprehensive income (loss) (662) (1,159)
Total Hess Corporation stockholders' equity 18,776 16,689
Noncontrolling interests 128 120
Total equity 18,904 16,809
TOTAL LIABILITIES AND EQUITY $ 36,991 $ 35,396