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CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents ($51 and $24 related to Altus VIE) $ 281 $ 262
Receivables, net of allowance of $98 and $95 1,057 908
Other current assets (Note 6) ($12 and $5 related to Altus VIE) 709 676
Total current assets 2,047 1,846
PROPERTY AND EQUIPMENT:    
Oil and gas properties 41,880 41,819
Gathering, processing, and transmission facilities ($206 and $206 related to Altus VIE) 671 670
Other ($3 and $3 related to Altus VIE) 1,139 1,140
Less: Accumulated depreciation, depletion, and amortization ($16 and $13 related to Altus VIE) (35,146) (34,810)
Property and equipment, net 8,544 8,819
OTHER ASSETS:    
Equity method interests (Note 7) ($1,567 and $1,555 related to Altus VIE) 1,567 1,555
Deferred charges and other ($6 and $5 related to Altus VIE) 495 526
Note receivable from APA Corporation (Note 2) 1,322 0
Total assets 13,975 12,746
CURRENT LIABILITIES:    
Accounts payable 508 444
Accounts payable to APA Corporation 56 0
Current debt 2 2
Other current liabilities (Note 8) ($8 and $4 related to Altus VIE) 777 862
Total current liabilities 1,343 1,308
LONG-TERM DEBT (Note 10) ($657 and $624 related to Altus VIE) 8,713 8,770
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES:    
Income taxes 234 215
Asset retirement obligation (Note 9) ($65 and $64 related to Altus VIE) 1,914 1,888
Other ($161 and $144 related to Altus VIE) 579 602
Total deferred credits and other noncurrent liabilities 2,727 2,705
REDEEMABLE NONCONTROLLING INTEREST - ALTUS PREFERRED UNIT LIMITED PARTNERS (Note 13) 605 608
EQUITY (DEFICIT):    
Common stock, $0 and $0.625 par, respectively, 0 and 860,000,000 shares authorized, respectively, 0 and 418,429,375 shares issued, respectively 0 262
Paid-in capital 9,557 11,735
Accumulated deficit (9,982) (10,461)
Treasury stock, at cost, 0 and 40,946,745 shares, respectively 0 (3,189)
Accumulated other comprehensive income 15 14
DEFICIT ATTRIBUTABLE TO APA CORPORATION (410) (1,639)
TOTAL EQUITY (DEFICIT) 587 (645)
TOTAL LIABILITIES AND EQUITY 13,975 12,746
Noncontrolling interests, Egypt    
EQUITY (DEFICIT):    
Noncontrolling interest 927 925
Noncontrolling interests, Altus    
EQUITY (DEFICIT):    
Noncontrolling interest $ 70 $ 69