CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
CURRENT ASSETS:
Cash and cash equivalents ($1 and $1 attributable to our VIE)	$ 90	$ 837
Restricted cash	38	75
Accounts receivable, net	2,447	2,222
Short-term derivative assets	100	0
Deferred income tax asset	129	223
Other current assets	325	299
Total Current Assets	3,129	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)	60,260	56,157
Unproved properties	11,513	12,013
Oilfield services equipment	0	2,192
Other property and equipment	3,127	3,203
Total Property and Equipment, at Cost	74,900	73,565
Less: accumulated depreciation, depletion and amortization (($220) and ($168) attributable to our VIE)	(38,349)	(37,161)
Property and equipment held for sale, net	101	730
Total Property and Equipment, Net	36,652	37,134
LONG-TERM ASSETS:
Investments	254	477
Long-term derivative assets	14	4
Other long-term assets	469	511
TOTAL ASSETS	40,518	41,782
CURRENT LIABILITIES:
Accounts payable	2,258	1,596
Short-term derivative liabilities ($0 and $5 attributable to our VIE)	71	208
Accrued interest	138	200
Other current liabilities ($16 and $22 attributable to our VIE)	3,135	3,511
Total Current Liabilities	5,602	5,515
LONG-TERM LIABILITIES:
Long-term debt, net	11,592	12,886
Deferred income tax liabilities	4,285	3,407
Long-term derivative liabilities	294	445
Asset retirement obligations	427	405
Other long-term liabilities	687	984
Total Long-Term Liabilities	17,285	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: 665,046,461 and 666,192,371 shares issued	7	7
Paid-in capital	12,495	12,446
Retained earnings	945	688
Accumulated other comprehensive loss	(151)	(162)
Less: treasury stock, at cost; 1,657,456 and 2,002,029 common shares	(38)	(46)
Total Chesapeake Stockholders’ Equity	16,320	15,995
Noncontrolling interests	1,311	2,145
Total Equity	17,631	18,140
TOTAL LIABILITIES AND EQUITY	$ 40,518	$ 41,782