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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 50 $ 28
Accounts receivable, net 1,401 1,160
Derivative assets 145 183
Other current assets 68 42
Total current assets 1,664 1,413
Natural gas and oil properties, using the full cost method, including $2,217 million as of December 31, 2022 and $2,231 million as of December 31, 2021 excluded from amortization 35,763 33,631
Other 527 509
Less: Accumulated depreciation, depletion and amortization (25,387) (24,202)
Total property and equipment, net 10,903 9,938
Operating lease assets 177 187
Long-term derivative assets 72 226
Deferred tax assets 0 0
Other long-term assets 110 84
Total long-term assets 359 497
TOTAL ASSETS 12,926 11,848
Current liabilities:    
Current portion of long-term debt 0 206
Accounts payable 1,835 1,282
Taxes payable 136 93
Interest payable 86 75
Derivative liabilities 1,317 1,279
Current operating lease liabilities 42 42
Other current liabilities 65 75
Total current liabilities 3,481 3,052
Long-term debt 4,392 5,201
Long-term operating lease liabilities 133 142
Long-term derivative liabilities 378 632
Pension and other postretirement liabilities 9 23
Other long-term liabilities 209 251
Total long-term liabilities 5,121 6,249
Commitments and contingencies (Note 10)
Equity:    
Common stock, $0.01 par value; 2,500,000,000 shares authorized; issued 1,161,545,588 shares as of December 31, 2022 and 1,158,672,666 as of December 31, 2021 12 12
Additional paid-in capital 7,172 7,150
Accumulated deficit (2,539) (4,388)
Accumulated other comprehensive income (loss) 6 (25)
Common stock in treasury, 61,614,693 shares as of December 31, 2022 and 44,353,224 as of December 31, 2021 (327) (202)
Total equity 4,324 2,547
TOTAL LIABILITIES AND EQUITY $ 12,926 $ 11,848
Treasury stock, shares (in shares) 61,614,693 44,353,224