CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
CURRENT ASSETS:
Cash and cash equivalents ($2 and $2 attributable to our VIE)	$ 3	$ 5
Accounts receivable, net	1,060	1,322
Short-term derivative assets	0	27
Other current assets	177	171
Total Current Assets	1,240	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)	69,976	68,858
Unproved properties	3,226	3,484
Other property and equipment	1,822	1,986
Total Property and Equipment, at Cost	75,024	74,328
Less: accumulated depreciation, depletion and amortization (($463) and ($461) attributable to our VIE)	(64,185)	(63,664)
Property and equipment held for sale, net	11	16
Total Property and Equipment, Net	10,850	10,680
LONG-TERM ASSETS:
Other long-term assets	251	220
TOTAL ASSETS	12,341	12,425
CURRENT LIABILITIES:
Accounts payable	742	654
Current maturities of long-term debt, net	432	52
Accrued interest	125	137
Short-term derivative liabilities	297	58
Other current liabilities ($2 and $3 attributable to our VIE)	1,277	1,455
Total Current Liabilities	2,873	2,356
LONG-TERM LIABILITIES:
Long-term debt, net	9,238	9,921
Long-term derivative liabilities	21	4
Asset retirement obligations, net of current portion	149	162
Other long-term liabilities	177	354
Total Long-Term Liabilities	9,585	10,441
CONTINGENCIES AND COMMITMENTS (Note 4)
Chesapeake Stockholders’ Equity (Deficit):
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: 913,271,035 and 908,732,809 shares issued	9	9
Additional paid-in capital	14,408	14,437
Accumulated deficit	(16,257)	(16,525)
Accumulated other comprehensive loss	(40)	(57)
Less: treasury stock, at cost; 3,319,061 and 2,240,394 common shares	(31)	(31)
Total Chesapeake Stockholders’ Equity (Deficit)	(240)	(496)
Noncontrolling interests	123	124
Total Equity (Deficit)	(117)	(372)
TOTAL LIABILITIES AND EQUITY	$ 12,341	$ 12,425