CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
CURRENT ASSETS:
Cash and cash equivalents ($1 and $1 attributable to our VIE)	$ 5	$ 882
Accounts receivable, net	992	1,057
Short-term derivative assets	28	0
Other current assets	153	203
Total Current Assets	1,178	2,142
Oil and natural gas properties, at cost based on full cost accounting:
Proved oil and natural gas properties ($488 and $488 attributable to our VIE)	68,095	66,451
Unproved properties	3,838	4,802
Other property and equipment	2,004	2,053
Total Property and Equipment, at Cost	73,937	73,306
Less: accumulated depreciation, depletion and amortization (($460) and ($458) attributable to our VIE)	(63,375)	(62,726)
Property and equipment held for sale, net	18	29
Total Property and Equipment, Net	10,580	10,609
LONG-TERM ASSETS:
Other long-term assets	223	277
TOTAL ASSETS	11,981	13,028
CURRENT LIABILITIES:
Accounts payable	678	672
Current maturities of long-term debt, net	0	503
Accrued interest	135	113
Short-term derivative liabilities	8	562
Other current liabilities ($4 and $3 attributable to our VIE)	1,397	1,798
Total Current Liabilities	2,218	3,648
LONG-TERM LIABILITIES:
Long-term debt, net	9,899	9,938
Long-term derivative liabilities	11	15
Asset retirement obligations, net of current portion	197	247
Other long-term liabilities	360	383
Total Long-Term Liabilities	10,467	10,583
CONTINGENCIES AND COMMITMENTS (Note 4)
Chesapeake Stockholders’ Equity:
Preferred stock, $0.01 par value, 20,000,000 shares authorized: 5,603,458 and 5,839,506 shares outstanding	1,671	1,771
Common stock, $0.01 par value, 2,000,000,000 and 1,500,000,000 shares authorized: 908,662,243 and 896,279,353 shares issued	9	9
Additional paid-in capital	14,449	14,486
Accumulated deficit	(16,987)	(17,603)
Accumulated other comprehensive loss	(67)	(96)
Less: treasury stock, at cost; 2,323,475 and 1,220,504 common shares	(32)	(27)
Total Chesapeake Stockholders’ Equity (Deficit)	(957)	(1,460)
Noncontrolling interests	253	257
Total Equity (Deficit)	(704)	(1,203)
TOTAL LIABILITIES AND EQUITY	$ 11,981	$ 13,028