CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
CURRENT ASSETS:
Cash and cash equivalents ($1 and $2 attributable to our VIE)	$ 4	$ 5
Accounts receivable, net	1,247	1,322
Short-term derivative assets	209	27
Other current assets	138	171
Total Current Assets	1,598	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)	69,642	68,858
Unproved properties	2,337	3,484
Other property and equipment	1,721	1,986
Total Property and Equipment, at Cost	73,700	74,328
Less: accumulated depreciation, depletion and amortization (($465) and ($461) attributable to our VIE)	(64,685)	(63,664)
Property and equipment held for sale, net	15	16
Total Property and Equipment, Net	9,030	10,680
LONG-TERM ASSETS:
Long-term derivative assets	76	0
Other long-term assets	243	220
TOTAL ASSETS	10,947	12,425
CURRENT LIABILITIES:
Accounts payable	763	654
Current maturities of long-term debt, net	381	52
Accrued interest	141	137
Short-term derivative liabilities	3	58
Other current liabilities ($2 and $3 attributable to our VIE)	1,540	1,455
Total Current Liabilities	2,828	2,356
LONG-TERM LIABILITIES:
Long-term debt, net	7,341	9,921
Long-term derivative liabilities	0	4
Asset retirement obligations, net of current portion	155	162
Other long-term liabilities	156	354
Total Long-Term Liabilities	7,652	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: 913,715,512 and 908,732,809 shares issued	9	9
Additional paid-in capital	14,378	14,437
Accumulated deficit	(15,660)	(16,525)
Accumulated other comprehensive loss	(23)	(57)
Less: treasury stock, at cost; 3,246,553 and 2,240,394 common shares	(31)	(31)
Total Chesapeake Stockholders’ Equity (Deficit)	344	(496)
Noncontrolling interests	123	124
Total Equity (Deficit)	467	(372)
TOTAL LIABILITIES AND EQUITY	$ 10,947	$ 12,425