CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 958	$ 916
Accounts receivable, net	382	428
Derivative assets	110	130
Other current assets	38	35
Total current assets	1,488	1,509
Natural gas and oil properties, using the full cost method, including $1,822 million as of March 31, 2018 and $1,817 million as of December 31, 2017 excluded from amortization	24,224	23,890
Gathering systems	1,318	1,315
Other	562	564
Less: Accumulated depreciation, depletion and amortization	(20,136)	(19,997)
Total property and equipment, net	5,968	5,772
Other long-term assets	257	240
TOTAL ASSETS	7,713	7,521
Current liabilities:
Accounts payable	555	533
Taxes payable	50	62
Interest payable	64	70
Dividends payable		27
Derivative liabilities	40	64
Other current liabilities	23	24
Total current liabilities	732	780
Long-term debt	4,393	4,391
Pension and other postretirement liabilities	58	58
Other long-term liabilities	337	313
Total long-term liabilities	4,788	4,762
Commitments and contingencies (Note 10)
Equity:
Common stock, $0.01 par value; 1,250,000,000 shares authorized; issued 586,833,276 shares as of March 31, 2018 and 512,134,311 as of December 31, 2017	6	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 December 31, 2017, converted to common stock on January 12, 2018
Additional paid-in capital	4,703	4,698
Accumulated deficit	(2,471)	(2,679)
Accumulated other comprehensive loss	(44)	(44)
Common stock in treasury, 31,269 shares as of March 31, 2018 and December 31, 2017	(1)	(1)
Total equity	2,193	1,979
TOTAL LIABILITIES AND EQUITY	$ 7,713	$ 7,521