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Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 1,004 $ 1,467
Receivables, net of allowance 1,120 1,253
Inventories 547 570
Drilling advances 190 172
Prepaid assets and other 361 290
Total current assets 3,222 3,752
Oil and gas, on the basis of full-cost accounting:    
Proved properties 89,685 89,069
Unproved properties and properties under development, not being amortized 2,499 2,611
Gathering, transmission and processing facilities 1,048 1,052
Other 1,094 1,093
Property and equipment, gross 94,326 93,825
Less: Accumulated depreciation, depletion, and amortization (80,784) (79,706)
Property and equipment, net 13,542 14,119
OTHER ASSETS:    
Deferred charges and other 915 910
Total assets 17,679 18,781
CURRENT LIABILITIES:    
Accounts payable 571 618
Other current liabilities (Note 3) 1,027 1,223
Total current liabilities 1,598 1,841
LONG-TERM DEBT 8,718 8,716
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:    
Income taxes 891 1,072
Asset retirement obligation 2,586 2,562
Other 332 362
Total deferred credits and other noncurrent liabilities $ 3,809 $ 3,996
COMMITMENTS AND CONTINGENCIES (Note 7)
EQUITY:    
Common stock, $0.625 par, 860,000,000 shares authorized, 411,708,123 and 411,218,105 shares issued, respectively $ 257 $ 257
Paid-in capital 12,407 12,467
Accumulated deficit (7,642) (7,153)
Treasury stock, at cost, 33,175,728 and 33,183,930 shares, respectively (2,888) (2,889)
Accumulated other comprehensive loss (116) (116)
APACHE SHAREHOLDERS’ EQUITY 2,018 2,566
Noncontrolling interest 1,536 1,662
TOTAL EQUITY 3,554 4,228
TOTAL LIABILITIES AND EQUITY $ 17,679 $ 18,781