CONSOLIDATED BALANCE SHEETS (USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
CURRENT ASSETS:
Cash and cash equivalents ($1 and $1 attributable to our VIEs)	$ 677	$ 287
Restricted cash	81	111
Accounts receivable	2,417	2,245
Short-term derivative assets	50	58
Deferred income tax asset	71	90
Other current assets	294	153
Current assets held for sale	2	4
Total Current Assets	3,592	2,948
Natural gas and oil properties, at cost based on full cost accounting:
Evaluated natural gas and oil properties ($488 and $488 attributable to our VIEs)	53,609	50,172
Unevaluated properties	13,166	14,755
Oilfield services equipment	2,243	2,130
Other property and equipment	3,589	3,778
Total Property and Equipment, at Cost	72,607	70,835
Less: accumulated depreciation, depletion and amortization (($136) and ($58) attributable to our VIEs)	(35,769)	(34,302)
Property and equipment held for sale, net	511	634
Total Property and Equipment, Net	37,349	37,167
LONG-TERM ASSETS:
Investments	636	728
Long-term derivative assets ($1 and $0 attributable to our VIEs)	7	2
Other long-term assets	561	766
TOTAL ASSETS	42,145	41,611
CURRENT LIABILITIES:
Accounts payable	1,787	1,710
Short-term derivative liabilities ($4 and $4 attributable to our VIEs)	54	105
Accrued interest	212	226
Current maturities of long-term debt, net	0	463
Other current liabilities ($21 and $21 attributable to our VIEs)	3,549	3,741
Current liabilities held for sale	18	21
Total Current Liabilities	5,620	6,266
LONG-TERM LIABILITIES:
Long-term debt, net	13,057	12,157
Deferred income tax liabilities	3,260	2,807
Long-term derivative liabilities ($0 and $3 attributable to our VIEs)	546	934
Asset retirement obligations	389	375
Other long-term liabilities	1,069	1,176
Total Long-Term Liabilities	18,321	17,449
Chesapeake Stockholders’ Equity:
Preferred stock, $0.01 par value, 20,000,000 shares authorized:	3,062	3,062
Common stock, $0.01 par value, 1,000,000,000 shares authorized:	7	7
Paid-in capital	12,383	12,293
Retained earnings	805	437
Accumulated other comprehensive income (loss)	(170)	(182)
Less: treasury stock, at cost; 2,288,449 and 2,147,724 common shares	(52)	(48)
Total Chesapeake Stockholders’ Equity	16,035	15,569
Noncontrolling interests	2,169	2,327
Total Equity	18,204	17,896
TOTAL LIABILITIES AND EQUITY	$ 42,145	$ 41,611