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CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions | Dec. 31, 2023 | Dec. 31, 2022
--- | --- | ---
CURRENT ASSETS: |  |
Cash and cash equivalents | $ 87 | $ 245
Receivables, net of allowance of $114 and $117 | 1,610 | 1,466
Other current assets (Note 5) | 765 | 997
Total current assets | 2,462 | 2,708
PROPERTY AND EQUIPMENT: |  |
Oil and gas properties, on the basis of successful efforts accounting: | 44,860 | 42,356
Gathering, processing, and transmission facilities | 448 | 449
Other | 634 | 613
Less: Accumulated depreciation, depletion, and amortization | (35,904) | (34,406)
Property and equipment, net | 10,038 | 9,012
OTHER ASSETS: |  |
Equity method interests (Note 6) | 437 | 624
Decommissioning security for sold Gulf of Mexico properties (Note 11) | 21 | 217
Deferred tax asset (Note 10) | 1,758 | 39
Deferred charges and other | 528 | 547
Assets | 15,244 | 13,147
CURRENT LIABILITIES: |  |
Accounts payable | 658 | 771
Current debt | 2 | 2
Other current liabilities (Note 7) | 1,744 | 2,143
Total current liabilities | 2,404 | 2,916
LONG-TERM DEBT (Note 9) | 5,186 | 5,451
DEFERRED CREDITS AND OTHER NONCURRENT LIABILITIES: |  |
Deferred tax liability (Note 10) | 371 | 314
Asset retirement obligation (Note 8) | 2,362 | 1,940
Decommissioning contingency for sold Gulf of Mexico properties (Note 11) | 764 | 738
Other | 466 | 443
Total deferred credits and other noncurrent liabilities | 3,963 | 3,435
EQUITY: |  |
Common stock, $0.625 par, 860,000,000 shares authorized, 420,595,901 and 419,869,987 shares issued, respectively | 263 | 262
Paid-in capital | 11,126 | 11,420
Accumulated deficit | (2,959) | (5,814)
Treasury stock, at cost, 117,020,000 and 108,310,838 shares, respectively | (5,790) | (5,459)
Accumulated other comprehensive income | 15 | 14
APA SHAREHOLDERS’ EQUITY | 2,655 | 423
TOTAL EQUITY | 3,691 | 1,345
TOTAL LIABILITIES AND EQUITY | 15,244 | 13,147
Noncontrolling interest - Egypt |  |
EQUITY: |  |
Noncontrolling interest | $ 1,036 | $ 922

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