CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $) In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
CURRENT ASSETS:
Cash and cash equivalents ($1 and $1 attributable to our VIE)	$ 1,462	$ 837
Restricted cash	75	75
Accounts receivable, net	2,310	2,222
Short-term derivative assets	1	0
Deferred income tax asset	205	223
Other current assets	317	299
Total Current Assets	4,370	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)	58,914	56,157
Unproved properties	11,389	12,013
Oilfield services equipment	0	2,192
Other property and equipment	3,150	3,203
Total Property and Equipment, at Cost	73,453	73,565
Less: accumulated depreciation, depletion and amortization (($201) and ($168) attributable to our VIE)	(37,689)	(37,161)
Property and equipment held for sale, net	247	730
Total Property and Equipment, Net	36,011	37,134
LONG-TERM ASSETS:
Investments	264	477
Long-term derivative assets	7	4
Other long-term assets	475	511
TOTAL ASSETS	41,127	41,782
CURRENT LIABILITIES:
Accounts payable	1,930	1,596
Short-term derivative liabilities ($9 and $5 attributable to our VIE)	417	208
Accrued interest	152	200
Other current liabilities ($20 and $22 attributable to our VIE)	3,293	3,511
Total Current Liabilities	5,792	5,515
LONG-TERM LIABILITIES:
Long-term debt, net	11,549	12,886
Deferred income tax liabilities	3,773	3,407
Long-term derivative liabilities ($1 and $0 attributable to our VIE)	389	445
Asset retirement obligations	431	405
Other long-term liabilities	868	984
Total Long-Term Liabilities	17,010	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: 665,440,807 and 666,192,371 shares issued	7	7
Paid-in capital	12,495	12,446
Retained earnings	833	688
Accumulated other comprehensive loss	(154)	(162)
Less: treasury stock, at cost; 1,717,527 and 2,002,029 common shares	(41)	(46)
Total Chesapeake Stockholders’ Equity	16,202	15,995
Noncontrolling interests	2,123	2,145
Total Equity	18,325	18,140
TOTAL LIABILITIES AND EQUITY	$ 41,127	$ 41,782