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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Millions
Total
TOTAL CHESAPEAKE STOCKHOLDERS’ EQUITY (DEFICIT)
PREFERRED STOCK:
COMMON STOCK:
ADDITIONAL PAID-IN CAPITAL:
ADDITIONAL PAID-IN CAPITAL:
Exchange of preferred stock for shares of common stock
ADDITIONAL PAID-IN CAPITAL:
Exchange of senior notes for shares of common stock
ADDITIONAL PAID-IN CAPITAL:
Exchange of convertible senior notes for common stock
ACCUMULATED DEFICIT:
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS):
TREASURY STOCK – COMMON:
NONCONTROLLING INTERESTS:
Chesapeake stockholders’ equity, beginning of period at Dec. 31, 2018     $ 1,671 $ 0 $ 14,387 [1]       $ (13,912) $ (23) $ (31) [1]  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Exchange of 0, 40,000, 0, and 40,000 shares of preferred stock for common stock     (40)                  
Common shares issued for WildHorse Merger       0 2,037 [1]              
Exchange of preferred stock for 0, 51,839, 0 and 51,839 shares of common stock           $ 40            
Exchange of notes             $ 440 $ 135        
Equity component of convertible notes repurchases         (2)              
Stock-based compensation [1]         27              
Dividends on preferred stock [1]         (69)              
Net income (loss) attributable to Chesapeake $ 16               16      
Hedging activity                   26    
Purchase of 0, 267, 17,901 and 13,369 shares for company benefit plans [1]                     (7)  
Release of 0, 187, 44,126 and 1,484 shares from company benefit plans [1]                     2  
Chesapeake stockholders’ equity, end of period at Sep. 30, 2019   $ 4,697 1,631 0 16,995 [1]       (13,896) 3 (36) [1]  
Stockholders' equity attributable to noncontrolling interest, beginning of period at Dec. 31, 2018                       $ 41
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net loss attributable to noncontrolling interests 0                     0
Distributions to noncontrolling interest owners                       (2)
Stockholders' equity attributable to noncontrolling interest, end of period at Sep. 30, 2019                       39
Chesapeake stockholders’ equity, beginning of period at Jun. 30, 2019     1,671 0 16,396 [1]       (13,835) (5) (36) [1]  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Exchange of 0, 40,000, 0, and 40,000 shares of preferred stock for common stock     (40)                  
Common shares issued for WildHorse Merger       0 0 [1]              
Exchange of preferred stock for 0, 51,839, 0 and 51,839 shares of common stock           40            
Exchange of notes             440 135        
Equity component of convertible notes repurchases         (2)              
Stock-based compensation [1]         9              
Dividends on preferred stock [1]         (23)              
Net income (loss) attributable to Chesapeake (61)               (61)      
Hedging activity                   8    
Purchase of 0, 267, 17,901 and 13,369 shares for company benefit plans [1]                     0  
Release of 0, 187, 44,126 and 1,484 shares from company benefit plans [1]                     0  
Chesapeake stockholders’ equity, end of period at Sep. 30, 2019   4,697 1,631 0 16,995 [1]       (13,896) 3 (36) [1]  
Stockholders' equity attributable to noncontrolling interest, beginning of period at Jun. 30, 2019                       39
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net loss attributable to noncontrolling interests 0                     0
Distributions to noncontrolling interest owners                       0
Stockholders' equity attributable to noncontrolling interest, end of period at Sep. 30, 2019                       39
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Total Equity (Deficit) 4,736                      
Total Equity (Deficit) 4,401                      
Chesapeake stockholders’ equity, beginning of period at Dec. 31, 2019 4,364   1,631 0 16,973 [1]       (14,220) 12 (32) [1]  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Exchange of 0, 40,000, 0, and 40,000 shares of preferred stock for common stock     0                  
Common shares issued for WildHorse Merger       0 0 [1]              
Exchange of preferred stock for 0, 51,839, 0 and 51,839 shares of common stock           0            
Exchange of notes             0 0        
Equity component of convertible notes repurchases         0              
Stock-based compensation [1]         (20)              
Dividends on preferred stock [1]         (22)              
Net income (loss) attributable to Chesapeake (9,318)               (9,318)      
Hedging activity                   24    
Purchase of 0, 267, 17,901 and 13,369 shares for company benefit plans [1]                     (2)  
Release of 0, 187, 44,126 and 1,484 shares from company benefit plans [1]                     34  
Chesapeake stockholders’ equity, end of period at Sep. 30, 2020 (4,940) (4,940) 1,631 0 16,931 [1]       (23,538) 36 0 [1]  
Stockholders' equity attributable to noncontrolling interest, beginning of period at Dec. 31, 2019 37                     37
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net loss attributable to noncontrolling interests 16                     (16)
Distributions to noncontrolling interest owners                       0
Stockholders' equity attributable to noncontrolling interest, end of period at Sep. 30, 2020 21                     21
Chesapeake stockholders’ equity, beginning of period at Jun. 30, 2020     1,631 0 16,924 [1]       (22,793) 29 0 [1]  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Exchange of 0, 40,000, 0, and 40,000 shares of preferred stock for common stock     0                  
Common shares issued for WildHorse Merger       0 0 [1]              
Exchange of preferred stock for 0, 51,839, 0 and 51,839 shares of common stock           $ 0            
Exchange of notes             $ 0 $ 0        
Equity component of convertible notes repurchases         0              
Stock-based compensation [1]         7              
Dividends on preferred stock [1]         0              
Net income (loss) attributable to Chesapeake (745)               (745)      
Hedging activity                   7    
Purchase of 0, 267, 17,901 and 13,369 shares for company benefit plans [1]                     0  
Release of 0, 187, 44,126 and 1,484 shares from company benefit plans [1]                     0  
Chesapeake stockholders’ equity, end of period at Sep. 30, 2020 (4,940) $ (4,940) $ 1,631 $ 0 $ 16,931 [1]       $ (23,538) $ 36 $ 0 [1]  
Stockholders' equity attributable to noncontrolling interest, beginning of period at Jun. 30, 2020                       21
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net loss attributable to noncontrolling interests 0                     0
Distributions to noncontrolling interest owners                       0
Stockholders' equity attributable to noncontrolling interest, end of period at Sep. 30, 2020 21                     $ 21
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Total Equity (Deficit) $ (4,919)                      
[1]
Amounts and shares have been retroactively adjusted to reflect a 1-for-200 (1:200) reverse stock split effective April 14, 2020. See Note 9 for additional information.