CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
CURRENT ASSETS:
Cash and cash equivalents ($2 and $1 attributable to our VIE)	$ 5	$ 882
Accounts receivable, net	1,322	1,057
Short-term derivative assets	27	0
Other current assets	171	203
Total Current Assets	1,525	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)	68,858	66,451
Unproved properties	3,484	4,802
Other property and equipment	1,986	2,053
Total Property and Equipment, at Cost	74,328	73,306
Less: accumulated depreciation, depletion and amortization (($461) and ($458) attributable to our VIE)	(63,664)	(62,726)
Property and equipment held for sale, net	16	29
Total Property and Equipment, Net	10,680	10,609
LONG-TERM ASSETS:
Other long-term assets	220	277
TOTAL ASSETS	12,425	13,028
CURRENT LIABILITIES:
Accounts payable	654	672
Current maturities of long-term debt, net	52	503
Accrued interest	137	113
Short-term derivative liabilities	58	562
Other current liabilities ($3 and $3 attributable to our VIE)	1,455	1,798
Total Current Liabilities	2,356	3,648
LONG-TERM LIABILITIES:
Long-term debt, net	9,921	9,938
Long-term derivative liabilities	4	15
Asset retirement obligations, net of current portion	162	247
Other long-term liabilities	354	383
Total Long-Term Liabilities	10,441	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: 908,732,809 and 896,279,353 shares issued	9	9
Additional paid-in capital	14,437	14,486
Accumulated deficit	(16,525)	(17,474)
Accumulated other comprehensive loss	(57)	(96)
Less: treasury stock, at cost; 2,240,394 and 1,220,504 common shares	(31)	(27)
Total Chesapeake Stockholders’ Equity (Deficit)	(496)	(1,331)
Noncontrolling interests	124	128
Total Equity (Deficit)	(372)	(1,203)
TOTAL LIABILITIES AND EQUITY	$ 12,425	$ 13,028