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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 12 $ 13
Accounts receivable, net 708 368
Derivative assets 130 241
Other current assets 52 49
Total current assets 902 671
Natural gas and oil properties, using the full cost method, including $2,175 million as of September 30, 2021 and $1,472 million as of December 31, 2020 excluded from amortization 31,486 27,261
Other 503 523
Less: Accumulated depreciation, depletion and amortization (23,987) (23,673)
Total property and equipment, net 8,002 4,111
Operating lease assets 144 163
Deferred tax assets 0 0
Other long-term assets 193 215
Total long-term assets 337 378
TOTAL ASSETS 9,241 5,160
Current liabilities:    
Current portion of long-term debt 201 0
Accounts payable 955 573
Taxes payable 78 74
Interest payable 42 58
Derivative liabilities 2,769 245
Current operating lease liabilities 41 42
Other current liabilities 76 20
Total current liabilities 4,162 1,012
Long-term debt 4,036 3,150
Long-term operating lease liabilities 101 117
Long-term derivative liabilities 960 183
Pension and other postretirement liabilities 31 45
Other long-term liabilities 237 156
Total long-term liabilities 5,365 3,651
Commitments and contingencies (Note 12)
Equity/(deficit):    
Common stock, $0.01 par value; 2,500,000,000 shares authorized; issued 1,059,331,421 shares as of September 30, 2021 and 718,795,700 shares as of December 31, 2020 11 7
Additional paid-in capital 6,688 5,093
Accumulated deficit (6,749) (4,363)
Accumulated other comprehensive loss (34) (38)
Common stock in treasury, 44,353,224 shares as of September 30, 2021 and December 31, 2020 (202) (202)
Total equity/(deficit) (286) 497
TOTAL LIABILITIES AND EQUITY $ 9,241 $ 5,160