CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 10	$ 5
Accounts receivable, net	250	345
Derivative assets	466	278
Other current assets	44	51
Total current assets	770	679
Natural gas and oil properties, using the full cost method, including $1,423 million as of June 30, 2020 and $1,506 million as of December 31, 2019 excluded from amortization	25,739	25,250
Other	512	520
Less: Accumulated depreciation, depletion and amortization	(22,825)	(20,503)
Total property and equipment, net	3,426	5,267
Operating lease assets	153	159
Deferred tax assets	0	407
Other long-term assets	206	205
Total long-term assets	359	771
TOTAL ASSETS	4,555	6,717
Current liabilities:
Accounts payable	426	525
Taxes payable	48	59
Interest payable	48	51
Derivative liabilities	282	125
Current operating lease liabilities	34	34
Other current liabilities	37	54
Total current liabilities	875	848
Long-term debt	2,440	2,242
Long-term operating lease liabilities	113	119
Pension and other postretirement liabilities	37	43
Other long-term liabilities	267	219
Total long-term liabilities	2,857	2,623
Commitments and contingencies (Note 11)
Equity:
Common stock, $0.01 par value; 1,250,000,000 shares authorized; issued 586,593,540 shares as of June 30, 2020 and 585,555,923 shares as of December 31, 2019	6	6
Additional paid-in capital	4,730	4,726
Accumulated deficit	(3,678)	(1,251)
Accumulated other comprehensive loss	(33)	(33)
Common stock in treasury, 44,353,224 shares as of June 30, 2020 and December 31, 2019	(202)	(202)
Total equity	823	3,246
TOTAL LIABILITIES AND EQUITY	$ 4,555	$ 6,717