CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
CURRENT ASSETS:
Cash and cash equivalents ($2 and $1 attributable to our VIE)	$ 6	$ 4
Accounts receivable, net	990	1,247
Short-term derivative assets	134	209
Other current assets	121	138
Total Current Assets	1,251	1,598
Oil and natural gas properties, at cost based on successful efforts accounting:
Proved oil and natural gas properties ($755 and $755 attributable to our VIE)	30,765	25,407
Unproved properties	2,173	1,561
Other property and equipment	1,810	1,721
Total Property and Equipment, at Cost	34,748	28,689
Less: accumulated depreciation, depletion and amortization (($713) and ($707) attributable to our VIE)	(20,002)	(17,886)
Property and equipment held for sale, net	10	15
Total Property and Equipment, Net	14,756	10,818
LONG-TERM ASSETS:
Long-term derivative assets	0	76
Other long-term assets	186	243
TOTAL ASSETS	16,193	12,735
CURRENT LIABILITIES:
Accounts payable	498	763
Current maturities of long-term debt, net	385	381
Accrued interest	75	141
Short-term derivative liabilities	2	3
Other current liabilities ($1 and $2 attributable to our VIE)	1,432	1,599
Total Current Liabilities	2,392	2,887
LONG-TERM LIABILITIES:
Long-term debt, net	9,073	7,341
Long-term derivative liabilities	2	0
Asset retirement obligations, net of current portion	200	155
Other long-term liabilities	125	219
Total Long-Term Liabilities	9,400	7,715
CONTINGENCIES AND COMMITMENTS (Note 6)
Chesapeake Stockholders’ Equity:
Preferred stock, $0.01 par value, 20,000,000 shares authorized: 5,563,458 and 5,603,458 shares outstanding	1,631	1,671
Common stock, $0.01 par value, 3,000,000,000 and 2,000,000,000 shares authorized: 1,954,558,617 and 913,715,512 shares issued	19	9
Additional paid-in capital	16,954	14,378
Accumulated deficit	(14,220)	(13,912)
Accumulated other comprehensive income (loss)	12	(23)
Less: treasury stock, at cost; 5,244,992 and 3,246,553 common shares	(32)	(31)
Total Chesapeake Stockholders’ Equity	4,364	2,092
Noncontrolling interests	37	41
Total Equity	4,401	2,133
TOTAL LIABILITIES AND EQUITY	$ 16,193	$ 12,735