CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
CURRENT ASSETS:
Cash and cash equivalents ($1 and $2 attributable to our VIE)	$ 4	$ 5
Accounts receivable, net	1,082	1,322
Short-term derivative assets	3	27
Other current assets	135	171
Total Current Assets	1,224	1,525
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)	69,284	68,858
Unproved properties	3,326	3,484
Other property and equipment	1,869	1,986
Total Property and Equipment, at Cost	74,479	74,328
Less: accumulated depreciation, depletion and amortization (($462) and ($461) attributable to our VIE)	(63,903)	(63,664)
Property and equipment held for sale, net	16	16
Total Property and Equipment, Net	10,592	10,680
LONG-TERM ASSETS:
Other long-term assets	270	220
TOTAL ASSETS	12,086	12,425
CURRENT LIABILITIES:
Accounts payable	657	654
Current maturities of long-term debt, net	52	52
Accrued interest	139	137
Short-term derivative liabilities	149	58
Other current liabilities ($3 and $3 attributable to our VIE)	1,357	1,455
Total Current Liabilities	2,354	2,356
LONG-TERM LIABILITIES:
Long-term debt, net	9,325	9,921
Long-term derivative liabilities	6	4
Asset retirement obligations, net of current portion	153	162
Other long-term liabilities	345	354
Total Long-Term Liabilities	9,829	10,441
CONTINGENCIES AND COMMITMENTS (Note 4)
Chesapeake Stockholders’ Equity:
Preferred stock, $0.01 par value, 20,000,000 shares authorized: 5,603,458 shares outstanding	1,671	1,671
Common stock, $0.01 par value, 2,000,000,000 shares authorized: 911,794,424 and 908,732,809 shares issued	9	9
Additional paid-in capital	14,419	14,437
Accumulated deficit	(16,240)	(16,525)
Accumulated other comprehensive loss	(47)	(57)
Less: treasury stock, at cost; 3,416,465 and 2,240,394 common shares	(32)	(31)
Total Chesapeake Stockholders’ Equity (Deficit)	(220)	(496)
Noncontrolling interests	123	124
Total Equity (Deficit)	(97)	(372)
TOTAL LIABILITIES AND EQUITY	$ 12,086	$ 12,425