CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 1,474	$ 15
Accounts receivable, net	274	327
Derivative assets	93	3
Other current assets	48	48
Total current assets	1,889	393
Natural gas and oil properties, using the full cost method, including $2,189 million as of September 30, 2016 and $3,727 million as of December 31, 2015 excluded from amortization	22,421	22,478
Gathering systems	1,281	1,280
Other	588	606
Less: Accumulated depreciation, depletion and amortization	(19,501)	(16,821)
Total property and equipment, net	4,789	7,543
Other long-term assets	212	150
TOTAL ASSETS	6,890	8,086
Current liabilities:
Short-term debt	1	1
Accounts payable	423	513
Taxes payable	47	64
Interest payable	31	75
Dividends payable	27	27
Derivative liabilities	100	3
Other current liabilities	20	24
Total current liabilities	649	707
Long-term debt	4,651	4,704
Pension and other postretirement liabilities	51	50
Other long-term liabilities	416	343
Total long-term liabilities	5,118	5,097
Commitments and contingencies (Note 11)
Equity:
Common stock, $0.01 par value; 1,250,000,000 shares authorized; issued 493,446,371 shares as of September 30, 2016 (does not include 2,043,780 shares issued on October 17, 2016, on account of a dividend declared on September 21, 2016) and 390,138,549 as of December 31, 2015	5	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 as of September 30, 2016 and December 31, 2015, conversion in January 2018
Additional paid-in capital	4,673	3,409
Accumulated deficit	(3,515)	(1,082)
Accumulated other comprehensive loss	(39)	(48)
Common stock in treasury, 31,269 shares as of September 30, 2016 and 47,149 shares as of December 31, 2015	(1)	(1)
Total equity	1,123	2,282
TOTAL LIABILITIES AND EQUITY	$ 6,890	$ 8,086