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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 366 $ 201
Accounts receivable, net 390 581
Derivative assets 87 130
Other current assets 44 44
Total current assets 887 956
Natural gas and oil properties, using the full cost method, including $1,673 million as of March 31, 2019 and $1,755 million as of December 31, 2018 excluded from amortization 24,486 24,180
Gathering systems 38 38
Other 509 487
Less: Accumulated depreciation, depletion and amortization (20,162) (20,049)
Total property and equipment, net 4,871 4,656
Deferred tax assets 426 0
Other long-term assets 262 185
TOTAL ASSETS 6,446 5,797
Current liabilities:    
Current portion of long-term debt 52 0
Accounts payable 626 609
Taxes payable 62 58
Interest payable 58 52
Derivative liabilities 50 79
Other current liabilities 95 48
Total current liabilities 943 846
Long-term debt 2,267 2,318
Pension and other postretirement liabilities 43 46
Other long-term liabilities 256 225
Total long-term liabilities 2,566 2,589
Commitments and contingencies (Note 13)
Equity:    
Common stock, $0.01 par value; 1,250,000,000 shares authorized; issued 585,548,726 shares as of March 31, 2019 and 585,407,107 as of December 31, 2018 6 6
Additional paid-in capital 4,717 4,715
Accumulated deficit (1,548) (2,142)
Accumulated other comprehensive loss (36) (36)
Common stock in treasury, 44,353,224 shares as of March 31, 2019 and 39,092,537 shares as of December 31, 2018 (202) (181)
Total equity 2,937 2,362
TOTAL LIABILITIES AND EQUITY $ 6,446 $ 5,797