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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income/(loss) $ 648 $ (2,580) $ 2,180
Reconciliation of net income/(loss) to net cash provided by operating activities:      
Depreciation and amortization 774 653 601
(Gains)/losses on asset sales and asset impairments, net (Note 6, Note 7) 592 719 28
Goodwill impairment losses (Note 8) 0 2,515 0
Equity-indexed compensation expense 23 15 34
Inventory valuation adjustments (Note 5) 0 233 11
Deferred income tax expense/(benefit) 23 (70) (46)
Settlement of terminated interest rate hedging instruments   (100) (55)
Equity earnings in unconsolidated entities (274) (355) (388)
Distributions on earnings from unconsolidated entities 431 472 401
(Gain on)/impairment of investments in unconsolidated entities, net (Note 9) (2) 182 (271)
Other 8 (12) 21
Changes in assets and liabilities, net of acquisitions:      
Trade accounts receivable and other (2,179) 1,432 (1,158)
Inventory (18) (304) (5)
Trade accounts payable and other 1,970 (1,286) 1,151
Net cash provided by operating activities 1,996 1,514 2,504
CASH FLOWS FROM INVESTING ACTIVITIES      
Cash paid in connection with acquisitions, net of cash acquired (Note 7) (32) (310) (50)
Investments in unconsolidated entities (Note 9) (94) (461) (524)
Additions to property, equipment and other (336) (738) (1,181)
Proceeds from sales of assets (Note 7) 881 429 77
Other investing activities (33) (13) (87)
Net cash provided by/(used in) investing activities 386 (1,093) (1,765)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net borrowings/(repayments) under commercial paper program (Note 11) (545) 456 93
Net borrowings/(repayments) under senior secured hedged inventory facility (Note 11) (167) (160) 325
Repayment of GO Zone term loans (Note 11) (200)    
Proceeds from the issuance of senior notes (Note 11)   748 998
Repayments of senior notes (Note 11)   (617) (1,000)
Repurchase of common units (Note 12) (178) (50)  
Sale of noncontrolling interest in a subsidiary (Note 12)     128
Other financing activities (179) 41 (62)
Net cash used in financing activities (1,984) (435) (720)
Effect of translation adjustment (5) (8) (3)
Net increase/(decrease) in cash and cash equivalents and restricted cash 393 (22) 16
Cash and cash equivalents and restricted cash, beginning of period 60 82 66
Cash and cash equivalents and restricted cash, end of period 453 60 82
Cash paid for:      
Interest, net of amounts capitalized 401 428 397
Income taxes, net of amounts refunded 76 111 136
Series A Preferred Units      
CASH FLOWS FROM FINANCING ACTIVITIES      
Distributions paid to unitholders (Note 12) (149) (149) (149)
Series B Preferred Units      
CASH FLOWS FROM FINANCING ACTIVITIES      
Distributions paid to unitholders (Note 12) (49) (49) (49)
Common Units      
CASH FLOWS FROM FINANCING ACTIVITIES      
Distributions paid to unitholders (Note 12) $ (517) $ (655) $ (1,004)