CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 989	$ 1,423
Accounts receivable, net	360	363
Derivative assets	91	51
Other current assets	36	35
Total current assets	1,476	1,872
Natural gas and oil properties, using the full cost method, including $1,919 million as of September 30, 2017 and $2,105 million as of December 31, 2016 excluded from amortization	23,575	22,653
Gathering systems	1,311	1,299
Other	568	537
Less: Accumulated depreciation, depletion and amortization	(19,904)	(19,534)
Total property and equipment, net	5,550	4,955
Other long-term assets	176	249
TOTAL ASSETS	7,202	7,076
Current liabilities:
Short-term debt	40	41
Accounts payable	502	473
Taxes payable	55	59
Interest payable	21	74
Dividends payable	27	27
Derivative liabilities	97	355
Other current liabilities	42	35
Total current liabilities	784	1,064
Long-term debt	4,396	4,612
Pension and other postretirement liabilities	46	49
Other long-term liabilities	324	434
Total long-term liabilities	4,766	5,095
Commitments and contingencies (Note 10)
Equity:
Common stock, $0.01 par value; 1,250,000,000 shares authorized; issued 509,142,659 shares as of September 30, 2017 (does not include 3,346,703 shares issued on October 16, 2017 on account of a dividend declared on September 15, 2017) and 495,248,369 as of December 31, 2016	5	5
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, 2017 and December 31, 2016, conversion in January 2018
Additional paid-in capital	4,698	4,677
Accumulated deficit	(3,013)	(3,725)
Accumulated other comprehensive loss	(37)	(39)
Common stock in treasury, 31,269 shares as of September 30, 2017 and December 31, 2016	(1)	(1)
Total equity	1,652	917
TOTAL LIABILITIES AND EQUITY	$ 7,202	$ 7,076