CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 2	$ 13
Accounts receivable, net	408	368
Derivative assets	132	241
Other current assets	51	49
Total current assets	593	671
Natural gas and oil properties, using the full cost method, including $1,485 million as of June 30, 2021 and $1,472 million as of December 31, 2020 excluded from amortization	27,796	27,261
Other	496	523
Less: Accumulated depreciation, depletion and amortization	(23,846)	(23,673)
Total property and equipment, net	4,446	4,111
Operating lease assets	147	163
Deferred tax assets	0	0
Other long-term assets	208	215
Total long-term assets	355	378
TOTAL ASSETS	5,394	5,160
Current liabilities:
Current portion of long-term debt	207	0
Accounts payable	653	573
Taxes payable	62	74
Interest payable	57	58
Derivative liabilities	901	245
Current operating lease liabilities	41	42
Other current liabilities	23	20
Total current liabilities	1,944	1,012
Long-term debt	2,814	3,150
Long-term operating lease liabilities	104	117
Long-term derivative liabilities	355	183
Pension and other postretirement liabilities	33	45
Other long-term liabilities	162	156
Total long-term liabilities	3,468	3,651
Commitments and contingencies (Note 12)
Equity/(deficit):
Common stock, $0.01 par value; 1,250,000,000 shares authorized; issued 721,372,443 shares as of June 30, 2021 and 718,795,700 shares as of December 31, 2020	7	7
Additional paid-in capital	5,104	5,093
Accumulated deficit	(4,892)	(4,363)
Accumulated other comprehensive loss	(35)	(38)
Common stock in treasury, 44,353,224 shares as of June 30, 2021 and December 31, 2020	(202)	(202)
Total equity/(deficit)	(18)	497
TOTAL LIABILITIES AND EQUITY	$ 5,394	$ 5,160