CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $) In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
CURRENT ASSETS:
Cash and cash equivalents ($1 and $1 attributable to our VIE)	$ 1,004	$ 837
Restricted cash	75	75
Accounts receivable, net	2,593	2,222
Short-term derivative assets	2	0
Deferred income tax asset	243	223
Other current assets	358	299
Total Current Assets	4,275	3,656
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)	57,399	56,157
Unproved properties	11,672	12,013
Oilfield services equipment	2,239	2,192
Other property and equipment	3,429	3,203
Total Property and Equipment, at Cost	74,739	73,565
Less: accumulated depreciation, depletion and amortization (($190) and ($168) attributable to our VIE)	(37,844)	(37,161)
Property and equipment held for sale, net	627	730
Total Property and Equipment, Net	37,522	37,134
LONG-TERM ASSETS:
Investments	288	477
Long-term derivative assets	11	4
Other long-term assets	509	511
TOTAL ASSETS	42,605	41,782
CURRENT LIABILITIES:
Accounts payable	1,786	1,596
Short-term derivative liabilities ($6 and $5 attributable to our VIE)	417	208
Current maturities of long-term debt, net	316	0
Accrued interest	145	200
Other current liabilities ($19 and $22 attributable to our VIE)	3,294	3,511
Total Current Liabilities	5,958	5,515
LONG-TERM LIABILITIES:
Long-term debt, net	12,653	12,886
Deferred income tax liabilities	3,828	3,407
Long-term derivative liabilities	395	445
Asset retirement obligations	443	405
Other long-term liabilities	851	984
Total Long-Term Liabilities	18,170	18,127
Chesapeake Stockholders’ Equity:
Preferred stock, $0.01 par value, 20,000,000 shares authorized: 7,251,515 shares outstanding	3,062	3,062
Common stock, $0.01 par value, 1,000,000,000 shares authorized: 665,214,625 and 666,192,371 shares issued	7	7
Paid-in capital	12,459	12,446
Retained earnings	1,012	688
Accumulated other comprehensive loss	(153)	(162)
Less: treasury stock, at cost; 1,986,178 and 2,002,029 common shares	(46)	(46)
Total Chesapeake Stockholders’ Equity	16,341	15,995
Noncontrolling interests	2,136	2,145
Total Equity	18,477	18,140
TOTAL LIABILITIES AND EQUITY	$ 42,605	$ 41,782