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CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents ($2 and $6 related to Altus VIE) $ 135 $ 247
Receivables, net of allowance of $91 and $88 871 1,062
Other current assets (Note 5) ($5 and $5 related to Altus VIE) 652 652
Total current assets 1,658 1,961
Oil and gas, on the basis of successful efforts accounting:    
Proved properties 41,003 40,540
Unproved properties and properties under development 615 666
Gathering, processing, and transmission facilities ($211 and $203 related to Altus VIE) 676 799
Other ($3 and $4 related to Altus VIE) 1,140 1,140
Property and equipment, gross 43,434 43,145
Less: Accumulated depreciation, depletion, and amortization ($7 and $1 related to Altus VIE) (34,090) (28,987)
Property and equipment, net 9,344 14,158
OTHER ASSETS:    
Equity method interests (Note 6) ($1,408 and $1,258 related to Altus VIE) 1,408 1,258
Deferred charges and other ($4 and $4 related to Altus VIE) 589 730
Total assets 12,999 18,107
CURRENT LIABILITIES:    
Accounts payable 459 695
Current debt (nil and $10 related to Altus VIE) 294 11
Other current liabilities (Note 7) ($11 and $21 related to Altus VIE) 957 1,149
Total current liabilities 1,710 1,855
LONG-TERM DEBT (Note 10) ($493 and $396 related to Altus VIE) 8,523 8,555
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:    
Income taxes 299 346
Asset retirement obligation (Note 8) ($62 and $60 related to Altus VIE) 1,836 1,811
Other ($181 and $107 related to Altus VIE) 675 520
Total deferred credits and other noncurrent liabilities 2,810 2,677
COMMITMENTS AND CONTINGENCIES (Note 11)
REDEEMABLE NONCONTROLLING INTEREST - ALTUS PREFERRED UNIT LIMITED PARTNERS (Note 12) 592 555
EQUITY:    
Common stock, $0.625 par, 860,000,000 shares authorized, 418,407,164 and 417,026,863 shares issued, respectively 262 261
Paid-in capital 11,744 11,769
Accumulated deficit (10,467) (5,601)
Treasury stock, at cost, 40,948,811 and 40,964,193 shares, respectively (3,189) (3,190)
Accumulated other comprehensive income 15 16
APACHE SHAREHOLDERS’ EQUITY (DEFICIT) (1,635) 3,255
TOTAL EQUITY (DEFICIT) (636) 4,465
TOTAL LIABILITIES AND EQUITY 12,999 18,107
Noncontrolling interests, Egypt    
EQUITY:    
Noncontrolling interest 935 1,137
Noncontrolling interests, Altus    
EQUITY:    
Noncontrolling interest $ 64 $ 73