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CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents ($177 and $450, respectively, related to Altus VIE) $ 327 $ 714
Receivables, net of allowance 1,185 1,194
Inventories ($6 and $6, respectively, related to Altus VIE) 438 401
Drilling advances 213 218
Assets held for sale 217 0
Prepaid assets and other 124 160
Total current assets 2,504 2,687
Oil and gas, on the basis of successful efforts accounting:    
Proved properties 42,462 42,345
Unproved properties and properties under development 1,371 1,435
Gathering, processing, and transmission facilities ($1,353 and $1,251, respectively, related to Altus VIE) 1,958 1,856
Other ($38 and nil, respectively, related to Altus VIE) 1,154 1,120
Property and equipment, gross 46,945 46,756
Less: Accumulated depreciation, depletion, and amortization ($32 and $24, respectively, related to Altus VIE) (28,654) (28,335)
Property and equipment, net 18,291 18,421
OTHER ASSETS:    
Equity method interests ($209 and $91, respectively, related to Altus VIE) 209 121
Deferred charges and other 747 353
Total assets 21,751 21,582
CURRENT LIABILITIES:    
Accounts payable 679 709
Current debt ($29 and nil, respectively, related to Altus VIE) 339 151
Other current liabilities (Note 6) ($72 and $85, respectively, related to Altus VIE) 1,356 1,341
Total current liabilities 2,374 2,201
LONG-TERM DEBT 8,094 8,093
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:    
Income taxes 370 391
Asset retirement obligation ($30 and $29, respectively, related to Altus VIE) 1,879 1,866
Other 425 219
Total deferred credits and other noncurrent liabilities 2,674 2,476
COMMITMENTS AND CONTINGENCIES (Note 10)
EQUITY:    
Common stock, $0.625 par, 860,000,000 shares authorized, 416,874,466 and 415,692,116 shares issued, respectively 261 260
Paid-in capital 12,009 12,106
Accumulated deficit (2,095) (2,048)
Treasury stock, at cost, 40,964,193 and 40,995,894 shares, respectively (3,190) (3,192)
Accumulated other comprehensive income 4 4
APACHE SHAREHOLDERS’ EQUITY 6,989 7,130
TOTAL EQUITY 8,609 8,812
TOTAL LIABILITIES AND EQUITY 21,751 21,582
Noncontrolling interest, Egypt    
EQUITY:    
Noncontrolling interest 1,212 1,275
Noncontrolling interest, Altus    
EQUITY:    
Noncontrolling interest $ 408 $ 407