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CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents ($377 and $450 related to Altus VIE) $ 549 $ 714
Receivables (net of allowance of $102 and $92) 1,098 1,194
Other current assets (Note 5) ($8 and $7 related to Altus VIE) 1,144 779
Total current assets 2,791 2,687
Oil and gas, on the basis of successful efforts accounting:    
Proved properties 39,573 42,345
Unproved properties and properties under development 1,206 1,435
Gathering, processing, and transmission facilities ($1,452 and $1,251 related to Altus VIE) 2,057 1,856
Other ($38 and nil related to Altus VIE) 1,156 1,120
Property and equipment, gross 43,992 46,756
Less: Accumulated depreciation, depletion, and amortization ($40 and $24 related to Altus VIE) (26,236) (28,335)
Property and equipment, net 17,756 18,421
OTHER ASSETS:    
Equity method interests ($527 and $91 related to Altus VIE) 527 121
Deferred charges and other ($72 and $71 related to Altus VIE) 732 353
Total assets 21,806 21,582
CURRENT LIABILITIES:    
Accounts payable 644 709
Current debt ($23 and nil related to Altus VIE) 175 151
Other current liabilities (Note 7) ($44 and $85 related to Altus VIE) 1,443 1,341
Total current liabilities 2,262 2,201
LONG-TERM DEBT 8,157 8,093
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:    
Income taxes 348 391
Asset retirement obligation ($33 and $29 related to Altus VIE) 1,850 1,866
Other ($94 and nil related to Altus VIE) 514 219
Total deferred credits and other noncurrent liabilities 2,712 2,476
COMMITMENTS AND CONTINGENCIES (Note 11)
REDEEMABLE NONCONTROLLING INTEREST - ALTUS PREFERRED UNIT LIMITED PARTNERS (Note 12) 521 0
EQUITY:    
Common stock, $0.625 par, 860,000,000 shares authorized, 416,920,316 and 415,692,116 shares issued, respectively 261 260
Paid-in capital 11,931 12,106
Accumulated deficit (2,455) (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 6,551 7,130
TOTAL EQUITY 8,154 8,812
TOTAL LIABILITIES AND EQUITY 21,806 21,582
Noncontrolling interest, Egypt    
EQUITY:    
Noncontrolling interest 1,198 1,275
Noncontrolling interest, Altus    
EQUITY:    
Noncontrolling interest $ 405 $ 407