CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 15	$ 53
Accounts receivable	355	530
Inventories	33	37
Derivative assets	112	337
Other current assets	55	158
Total current assets	570	1,115
Natural gas and oil properties, using the full cost method, including $4,902 million as of September 30, 2015 and $4,646 million as of December 31, 2014 excluded from amortization	22,127	20,506
Gathering systems	1,274	1,439
Other	616	612
Less: Accumulated depreciation, depletion and amortization	(14,038)	(8,845)
Total property and equipment, net	9,979	13,712
Other long-term assets	176	98
TOTAL ASSETS	10,725	14,925
Current liabilities:
Short-term debt	1	4,501
Accounts payable	615	653
Taxes payable	49	92
Interest payable	32	34
Current deferred income taxes	24	109
Dividends payable	27
Derivative liabilities	6	9
Other current liabilities	28	30
Total current liabilities	782	5,428
Long-term debt	4,663	2,466
Deferred income taxes	448	1,951
Pension and other postretirement liabilities	48	44
Other long-term liabilities	347	374
Total long-term liabilities	$ 5,506	$ 4,835
Commitments and contingencies (Note 10)
Equity:
Common stock, $0.01 par value; authorized 1,250,000,000 shares; issued 384,552,961 shares as of September 30, 2015 and 354,488,992 as of December 31, 2014	$ 4	$ 4
Preferred stock, $0.01 par value, 10,000,000 shares authorized, 6.25% Series B Mandatory Convertible, $1,000 per share liquidation preference, 1,725,000 shares issued and outstanding
Additional paid-in capital	$ 3,396	$ 1,019
Retained earnings	1,051	3,577
Accumulated other comprehensive income (loss)	(13)	$ 62
Common stock in treasury, 45,990 shares as of September 30, 2015 and 11,055 shares as of December 31, 2014	(1)
Total equity	4,437	$ 4,662
TOTAL LIABILITIES AND EQUITY	$ 10,725	$ 14,925