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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash $ 77 $ 17
Trade receivables 135 277
Inventories 60 67
Other current assets, net 84 130
Total current assets 356 491
PROPERTY, PLANT AND EQUIPMENT 22,910 22,889
Accumulated depreciation, depletion and amortization (18,372) (16,537)
Total property, plant and equipment, net 4,538 6,352
OTHER ASSETS 80 115
TOTAL ASSETS 4,974 6,958
CURRENT LIABILITIES    
Current maturities of long-term debt 0 100
Accounts payable 283 296
Accrued liabilities 260 313
Total current liabilities 543 709
LONG-TERM DEBT 4,860 4,877
DEFERRED GAIN AND ISSUANCE COSTS, NET 135 146
OTHER LONG-TERM LIABILITIES 715 720
MEZZANINE EQUITY    
Redeemable noncontrolling interests 816 802
EQUITY    
Preferred stock (20 million shares authorized at $0.01 par value) no shares outstanding at March 31, 2020 and December 31, 2019 0 0
Common stock (200 million shares authorized at $0.01 par value) outstanding shares (March 31, 2020 - 49,453,297 and December 31, 2019 - 49,175,843) 0 0
Additional paid-in capital 5,006 5,004
Accumulated deficit (7,166) (5,370)
Accumulated other comprehensive loss (23) (23)
Total equity attributable to common stock (2,183) (389)
Equity attributable to noncontrolling interests 88 93
Total equity [1] (2,095) (296)
TOTAL LIABILITIES AND EQUITY $ 4,974 $ 6,958
[1]
The above tables exclude amounts related to redeemable noncontrolling interests reported as mezzanine equity. See Note 6 Joint Ventures for more information.