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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 3 $ 50
Accounts receivable, net 667 1,401
Derivative assets 463 145
Other current assets 66 68
Total current assets 1,199 1,664
Natural gas and oil properties, using the full cost method, including $2,185 million as of March 31, 2023 and $2,217 million as of December 31, 2022 excluded from amortization 36,430 35,763
Other 532 527
Less: Accumulated depreciation, depletion and amortization (25,704) (25,387)
Total property and equipment, net 11,258 10,903
Operating lease assets 175 177
Long-term derivative assets 201 72
Deferred tax assets 0 0
Other long-term assets 104 110
Total long-term assets 480 359
TOTAL ASSETS 12,937 12,926
Current liabilities:    
Accounts payable 1,549 1,835
Taxes payable 109 136
Interest payable 27 86
Derivative liabilities 409 1,317
Current operating lease liabilities 43 42
Other current liabilities 29 65
Total current liabilities 2,166 3,481
Long-term debt 3,935 4,392
Long-term operating lease liabilities 128 133
Long-term derivative liabilities 208 378
Other long-term liabilities 246 218
Total long-term liabilities 4,517 5,121
Commitments and contingencies (Note 11)
Equity:    
Common stock, $0.01 par value; 2,500,000,000 shares authorized; issued 1,162,882,464 shares as of March 31, 2023 and 1,161,545,588 shares as of December 31, 2022 12 12
Additional paid-in capital 7,178 7,172
Accumulated deficit (600) (2,539)
Accumulated other comprehensive income (loss) (9) 6
Common stock in treasury, 61,614,693 shares as of March 31, 2023 and December 31, 2022 (327) (327)
Total equity 6,254 4,324
TOTAL LIABILITIES AND EQUITY $ 12,937 $ 12,926