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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 399 290
Total current assets 3,260 3,752
Oil and gas, on the basis of successful efforts accounting:    
Proved properties 42,161 41,728
Unproved properties and properties under development, not being amortized 2,241 2,277
Gathering, transmission and processing facilities 1,048 1,052
Other 1,094 1,093
Property and equipment, gross 46,544 46,150
Less: Accumulated depreciation, depletion, and amortization (25,985) (25,312)
Property and equipment, net 20,559 20,838
OTHER ASSETS:    
Deferred charges and other 915 910
Total assets 24,734 25,500
CURRENT LIABILITIES:    
Accounts payable 571 618
Other current liabilities (Note 5) 994 1,223
Total current liabilities 1,565 1,841
LONG-TERM DEBT 8,718 8,716
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:    
Income taxes 2,533 2,529
Asset retirement obligation 2,586 2,562
Other 332 362
Total deferred credits and other noncurrent liabilities 5,451 5,453
COMMITMENTS AND CONTINGENCIES (Note 9)
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 12,553 12,619
Accumulated deficit (2,352) (1,980)
Treasury stock, at cost, 33,175,728 and 33,183,930 shares, respectively (2,888) (2,889)
Accumulated other comprehensive loss (119) (119)
APACHE SHAREHOLDERS’ EQUITY 7,451 7,888
Noncontrolling interest 1,549 1,602
TOTAL EQUITY 9,000 9,490
TOTAL LIABILITIES AND EQUITY $ 24,734 $ 25,500