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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities    
Net income $ 139 $ 134
Adjustments to reconcile net income to net cash flow provided by operating activities    
Depreciation and amortization 104 41
Change in derivative instrument assets and liabilities 15 48
Deferred income taxes 0 23
Changes in certain assets and liabilities    
Inventories, net of temporary LIFO liquidation 375 278
Receivables, other than energy marketing 119 28
Prepaid taxes 90 26
Energy marketing receivables and trade payables, net 56 107
Trade payables, other than energy marketing (89) (23)
Other – net 7 56
Net cash flow provided by operating activities 816 718
Cash flows from investing activities    
Expenditures for property, plant and equipment (171) (94)
Net cash flow used in investing activities (171) (94)
Cash flows from financing activities    
Net payments and borrowings of short-term debt (591) (707)
Dividends paid on common shares (42) (34)
Distribution to noncontrolling interest (14) (16)
Payment of senior notes 0 (300)
Payments of term loan facility 0 (150)
Proceeds from term loan facility 0 150
Issuance of senior notes 0 495
Other 4 (1)
Net cash flow used in financing activities (643) (563)
Net increase in cash and cash equivalents 2 61
Cash and cash equivalents at beginning of period 69 24
Cash and cash equivalents at end of period 71 85
Cash paid during the period for    
Interest 54 36
Income taxes $ 0 $ 1