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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities  
Net income$ 182$ 788
Adjustments to reconcile net income to net cash from operating activities:  
Depreciation, depletion and amortization815699
Ceiling test charges15216
Loss on deconsolidation of subsidiary (Note 15)600 
Deferred income tax expense (benefit)(28)339
Earnings from unconsolidated affiliates, adjusted for cash distributions(50)(115)
Loss on debt extinguishment169104
Other non-cash income items(72)(34)
Asset and liability changes(151)(385)
Net cash provided by operating activities1,6171,412
Cash flows from investing activities  
Capital expenditures(2,989)(2,641)
Cash paid for acquisitions, net of cash acquired(2)(25)
Net proceeds from the sale of assets and investments592332
Increase in notes receivable(115)(23)
Other(69)37
Net cash used in investing activities(2,583)(2,320)
Cash flows from financing activities  
Net proceeds from issuance of long-term debt5,1681,399
Payments to retire long-term debt and other financing obligations(5,001)(1,273)
Net proceeds from issuance of noncontrolling interests (Note 12)948956
Net proceeds from issuance of preferred stock of subsidiary30120
Dividends paid(31)(49)
Distributions to noncontrolling interest holders(143)(64)
Distributions to holders of preferred stock of subsidiary(10)(15)
Proceeds from stock option exercises486
Other 2
Net cash provided by financing activities1,0091,082
Change in cash and cash equivalents43174
Cash and cash equivalents  
Beginning of period347635
End of period$ 390$ 809