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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 29 $ 201
Accounts receivable, net 323 581
Derivative assets 239 130
Other current assets 42 44
Total current assets 633 956
Natural gas and oil properties, using the full cost method, including, $1,518 million as of September 30, 2019 and $1,755 million as of December 31, 2018 excluded from amortization 25,060 24,180
Other 522 525
Less: Accumulated depreciation, depletion and amortization (20,383) (20,049)
Total property and equipment, net 5,199 4,656
Deferred tax assets 398 0
Other long-term assets 368 185
TOTAL ASSETS 6,598 5,797
Current liabilities:    
Current portion of long-term debt 52 0
Accounts payable 539 609
Taxes payable 55 58
Interest payable 57 52
Derivative liabilities 85 79
Other current liabilities 92 48
Total current liabilities 880 846
Long-term debt 2,219 2,318
Pension and other postretirement liabilities 39 46
Other long-term liabilities 325 225
Total long-term liabilities 2,583 2,589
Commitments and contingencies (Note 13)
Equity:    
Common stock, $0.01 par value; 1,250,000,000 shares authorized; issued 585,637,420 shares as of September 30, 2019 and 585,407,107 as of December 31, 2018 6 6
Additional paid-in capital 4,723 4,715
Accumulated deficit (1,361) (2,142)
Accumulated other comprehensive loss (31) (36)
Common stock in treasury, 44,353,224 shares as of September 30, 2019 and 39,092,537 shares as of December 31, 2018 (202) (181)
Total equity 3,135 2,362
TOTAL LIABILITIES AND EQUITY $ 6,598 $ 5,797