CONSOLIDATED BALANCE SHEETS (USD $) In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
CURRENT ASSETS:
Cash and cash equivalents ($1 and $1 attributable to our VIE)	$ 837	$ 287
Restricted cash	75	111
Accounts receivable, net	2,222	2,245
Short-term derivative assets	0	58
Deferred income tax asset	223	90
Other current assets	299	153
Current assets held for sale	0	4
Total Current Assets	3,656	2,948
Natural gas and oil properties, at cost based on full cost accounting:
Proved natural gas and oil properties ($488 and $488 attributable to our VIE)	56,157	50,172
Unproved properties	12,013	14,755
Oilfield services equipment	2,192	2,130
Other property and equipment	3,203	3,778
Total Property and Equipment, at Cost	73,565	70,835
Less: accumulated depreciation, depletion and amortization (($168) and ($58) attributable to our VIE)	(37,161)	(34,302)
Property and equipment held for sale, net	730	634
Total Property and Equipment, Net	37,134	37,167
LONG-TERM ASSETS:
Investments	477	728
Long-term derivative assets	4	2
Other long-term assets	511	766
TOTAL ASSETS	41,782	41,611
CURRENT LIABILITIES:
Accounts payable	1,596	1,710
Short-term derivative liabilities ($5 and $4 attributable to our VIE)	208	105
Accrued interest	200	226
Current maturities of long-term debt, net	0	463
Other current liabilities ($22 and $21 attributable to our VIE)	3,511	3,741
Current liabilities held for sale	0	21
Total Current Liabilities	5,515	6,266
LONG-TERM LIABILITIES:
Long-term debt, net	12,886	12,157
Deferred income tax liabilities	3,407	2,807
Long-term derivative liabilities ($0 and $3 attributable to our VIE)	445	934
Asset retirement obligations	405	375
Other long-term liabilities	984	1,176
Total Long-Term Liabilities	18,127	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	12,446	12,293
Retained earnings	688	437
Accumulated other comprehensive loss	(162)	(182)
Less: treasury stock, at cost; 2,002,029 and 2,147,724 common shares	(46)	(48)
Total Chesapeake Stockholders’ Equity	15,995	15,569
Noncontrolling interests	2,145	2,327
Total Equity	18,140	17,896
TOTAL LIABILITIES AND EQUITY	$ 41,782	$ 41,611