CONSOLIDATED BALANCE SHEETS (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 53	$ 23
Accounts receivable	530	464
Inventories	37	38
Derivative assets	337	71
Other current assets	158	48
Total current assets	1,115	644
Natural gas and oil properties, using the full cost method, including $4,646 million in 2014 and $957 million in 2013 excluded from amortization	20,506	13,294
Gathering systems	1,439	1,306
Other	612	703
Less: Accumulated depreciation, depletion and amortization	(8,845)	(8,006)
Total property and equipment, net	13,712	7,297
Other long-term assets	98	107
TOTAL ASSETS	14,925	8,048
Current liabilities:
Short-term debt	4,501	1
Accounts payable	653	507
Taxes payable	92	68
Interest payable	34	33
Current deferred income taxes	109	24
Derivative liabilities	9	7
Other current liabilities	30	48
Total current liabilities	5,428	688
Long-term debt	2,466	1,950
Deferred income taxes	1,951	1,532
Pension and other postretirement liabilities	44	16
Other long-term liabilities	374	240
Total long-term liabilities	4,835	3,738
Commitments and contingencies (see Note 9)
Equity:
Common stock, $0.01 par value; authorized 1,250,000,000 shares; issued 354,488,992 shares in 2014 and 352,938,584 in 2013	4	4
Additional paid-in capital	1,019	969
Retained earnings	3,577	2,653
Accumulated other comprehensive income (loss)	62	(4)
Common stock in treasury, 11,055 shares in 2014 and 9,924 in 2013
Total equity	4,662	3,622
TOTAL LIABILITIES AND EQUITY	$ 14,925	$ 8,048