CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 5	$ 5
Accounts receivable, net	292	345
Derivative assets	627	278
Other current assets	48	51
Total current assets	972	679
Natural gas and oil properties, using the full cost method, including $1,437 million as of March 31, 2020 and $1,506 million as of December 31, 2019 excluded from amortization	25,488	25,250
Other	523	520
Less: Accumulated depreciation, depletion and amortization	(22,095)	(20,503)
Total property and equipment, net	3,916	5,267
Operating lease assets	152	159
Deferred tax assets	0	407
Other long-term assets	235	205
Total long-term assets	387	771
TOTAL ASSETS	5,275	6,717
Current liabilities:
Accounts payable	465	525
Taxes payable	52	59
Interest payable	54	51
Derivative liabilities	268	125
Current operating lease liabilities	32	34
Other current liabilities	43	54
Total current liabilities	914	848
Long-term debt	2,279	2,242
Long-term operating lease liabilities	114	119
Pension and other postretirement liabilities	40	43
Other long-term liabilities	227	219
Total long-term liabilities	2,660	2,623
Commitments and contingencies (Note 11)
Equity:
Common stock, $0.01 par value; 1,250,000,000 shares authorized; issued 586,023,435 shares as of March 31, 2020 and 585,555,923 shares as of December 31, 2019	6	6
Additional paid-in capital	4,728	4,726
Accumulated deficit	(2,798)	(1,251)
Accumulated other comprehensive loss	$ (33)	$ (33)
Treasury stock, shares (in shares)	44,353,224	44,353,224
Common stock in treasury, 44,353,224 shares as of March 31, 2020 and December 31, 2019	$ (202)	$ (202)
Total equity	1,701	3,246
TOTAL LIABILITIES AND EQUITY	$ 5,275	$ 6,717