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FRESH START ACCOUNTING - Schedule of Fresh Start Adjustments to the Balance Sheet (Details) - USD ($)
shares in Millions, $ in Millions
2 Months Ended 10 Months Ended
Oct. 31, 2020
Oct. 27, 2020
Dec. 31, 2020
Oct. 31, 2020
Jul. 23, 2020
CURRENT ASSETS          
Cash $ 106     $ 106  
Trade receivables 149     149  
Inventories 61     61  
Other current assets, net 104     104  
Total current assets 420     420  
PROPERTY, PLANT AND EQUIPMENT 22,918     22,918  
Accumulated depreciation, depletion and amortization (18,588)     (18,588)  
Total property, plant and equipment, net 4,330     4,330  
OTHER ASSETS 77     77  
TOTAL ASSETS 4,827     4,827  
CURRENT LIABILITIES          
Debtor-in-possession financing 733     733  
Accounts payable 215     215  
Accrued liabilities 233     233  
Total current liabilities 1,181     1,181  
LONG-TERM DEBT, NET 0     0  
OTHER LONG-TERM LIABILITIES 725     725  
LIABILITIES SUBJECT TO COMPROMISE 4,516     4,516  
MEZZANINE EQUITY          
Redeemable noncontrolling interests 691     691  
EQUITY          
Predecessor preferred stock 0     0  
Predecessor common stock 0     0  
Predecessor additional paid-in capital 5,149     5,149  
Accumulated deficit (7,481)     (7,481)  
Accumulated other comprehensive loss (23)     (23)  
Total equity attributable to common stock (2,355)     (2,355)  
Equity attributable to noncontrolling interests 69     69  
Total equity (2,286)     (2,286)  
TOTAL LIABILITIES AND EQUITY 4,827     4,827  
CURRENT ASSETS          
Cash 203     203  
Trade receivables 149     149  
Inventories 61     61  
Other current assets, net 102     102  
Total current assets 515     515  
PROPERTY, PLANT AND EQUIPMENT 2,682     2,682  
Accumulated depreciation, depletion and amortization 0     0  
Total property, plant and equipment, net 2,682     2,682  
OTHER ASSETS 91     91  
TOTAL ASSETS 3,288     3,288  
CURRENT LIABILITIES          
Debtor-in-possession financing 0     0  
Accounts payable 215     215  
Accrued liabilities 231     231  
Total current liabilities 446     446  
Fair value of long-term debt 723   $ 725 723  
OTHER LONG-TERM LIABILITIES 774     774  
LIABILITIES SUBJECT TO COMPROMISE 0     0  
MEZZANINE EQUITY          
Redeemable noncontrolling interests 0     0  
EQUITY          
Successor preferred stock 0     0  
Successor common stock 1     1  
Successor additional paid-in capital 1,253     1,253  
Successor warrants 15     15  
Accumulated deficit 0     0  
Accumulated other comprehensive loss 0     0  
Total equity attributable to common stock 1,269     1,269  
Equity attributable to noncontrolling interests 76     76  
Total equity 1,345   1,345 1,345  
TOTAL LIABILITIES AND EQUITY 3,288     3,288  
Amount reserved for legal and professional fees 18     18  
Debtor-in-possession financing, borrowings outstanding 733     733  
Debtor-in-possession financing, amount arranged     2,500    
Legal, professional and other, net 15   $ 3 $ 43  
Payment of accrued interest and bank fees $ 1        
New common stock issued (in shares) 83.3 83.3 83.3 83.3  
Fair value adjustment to asset retirement obligations, current $ 20     $ 20  
Fresh-start adjustment, increase (decrease), liabilities 5     5  
Fair value adjustment to asset retirement obligations, noncurrent 36     36  
Long-term obligation 8     8  
Long-term debt lease liability 5     5  
Reorganization Adjustments          
CURRENT ASSETS          
Cash 97     97  
Other current assets, net (2)     (2)  
Total current assets 95     95  
OTHER ASSETS 18     18  
TOTAL ASSETS 113     113  
CURRENT LIABILITIES          
Debtor-in-possession financing (733)     (733)  
Accrued liabilities (16)     (16)  
Total current liabilities (749)     (749)  
LONG-TERM DEBT, NET 723     723  
LIABILITIES SUBJECT TO COMPROMISE (4,516)     (4,516)  
MEZZANINE EQUITY          
Redeemable noncontrolling interests (691)     (691)  
EQUITY          
Predecessor additional paid-in capital (5,149)     (5,149)  
Accumulated deficit 9,226     9,226  
Total equity attributable to common stock 5,346     5,346  
Total equity 5,346     5,346  
TOTAL LIABILITIES AND EQUITY 113     113  
EQUITY          
Successor common stock 1     1  
Successor additional paid-in capital 1,253     1,253  
Successor warrants 15     15  
EHP Notes          
EQUITY          
Cash acquired 2 $ 2      
Revolving Credit Facility | Line of Credit          
EQUITY          
Debtor reorganization items, restricted cash and cash equivalents 203     203  
Restricted cash 158     158  
Proceeds from long-term lines of credit   225      
Revolving Credit Facility | Letters of Credit          
EQUITY          
Proceeds from long-term lines of credit 118 $ 118      
Revolving Credit Facility | Letters of Credit | J V Partner          
EQUITY          
Proceeds from long-term lines of credit 22        
Line of Credit | Senior DIP Facility          
EQUITY          
Debtor-in-possession financing, amount arranged         $ 483
Line of Credit | Letters of Credit | Senior DIP Facility          
EQUITY          
Debtor-in-possession financing, amount arranged         150
Line of Credit | Term Loan | Senior DIP Facility          
EQUITY          
Debtor-in-possession financing, amount arranged 83     83 $ 83
Junior DIP Facility | Line of Credit          
EQUITY          
Short-term debt borrowing 650     650  
Fresh Start Adjustments          
Fresh Start Adjustments          
PROPERTY, PLANT AND EQUIPMENT (20,236)     (20,236)  
Accumulated depreciation, depletion and amortization 18,588     18,588  
Total property, plant and equipment, net (1,648)     (1,648)  
OTHER ASSETS (4)     (4)  
TOTAL ASSETS (1,652)     (1,652)  
CURRENT LIABILITIES          
Accrued liabilities 14     14  
Total current liabilities 14     14  
OTHER LONG-TERM LIABILITIES 49     49  
EQUITY          
Accumulated deficit (1,745)     (1,745)  
Accumulated other comprehensive loss 23     23  
Total equity attributable to common stock (1,722)     (1,722)  
Equity attributable to noncontrolling interests 7     7  
Total equity (1,715)     (1,715)  
TOTAL LIABILITIES AND EQUITY $ (1,652)     $ (1,652)