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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 25 $ 50
Accounts receivable, net 598 1,401
Derivative assets 423 145
Other current assets 74 68
Total current assets 1,120 1,664
Natural gas and oil properties, using the full cost method, including $2,163 million as of June 30, 2023 and $2,217 million as of December 31, 2022 excluded from amortization 36,899 35,763
Other 545 527
Less: Accumulated depreciation, depletion and amortization (26,039) (25,387)
Total property and equipment, net 11,405 10,903
Operating lease assets 168 177
Long-term derivative assets 205 72
Deferred tax assets 0 0
Other long-term assets 103 110
Total long-term assets 476 359
TOTAL ASSETS 13,001 12,926
Current liabilities:    
Accounts payable 1,381 1,835
Taxes payable 116 136
Interest payable 77 86
Derivative liabilities 270 1,317
Current operating lease liabilities 44 42
Other current liabilities 22 65
Total current liabilities 1,910 3,481
Long-term debt 4,036 4,392
Long-term operating lease liabilities 121 133
Long-term derivative liabilities 205 378
Other long-term liabilities 240 218
Total long-term liabilities 4,602 5,121
Commitments and contingencies (Note 11)
Equity:    
Common stock, $0.01 par value; 2,500,000,000 shares authorized; issued 1,163,077,745 shares as of June 30, 2023 and 1,161,545,588 shares as of December 31, 2022 12 12
Additional paid-in capital 7,182 7,172
Accumulated deficit (369) (2,539)
Accumulated other comprehensive income (loss) (9) 6
Common stock in treasury, 61,614,693 shares as of June 30, 2023 and December 31, 2022 (327) (327)
Total equity 6,489 4,324
TOTAL LIABILITIES AND EQUITY $ 13,001 $ 12,926