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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES:    
Net income (loss) $ (518) $ 196
Adjustments to reconcile to net cash provided (used) by operating activities:    
Depreciation and amortization 891 855
Provision (benefit) for deferred income taxes (142) 108
Impairment of equity-method investments 112 0
Impairment of and net (gain) loss on sale of Property, plant, and equipment 803 30
Amortization of stock-based awards 34 46
Cash provided (used) by changes in current assets and liabilities:    
Accounts and notes receivable 290 350
Inventories (3) 64
Other current assets and deferred charges (21) (45)
Accounts payable 12 (48)
Accrued liabilities (27) (7)
Other, including changes in noncurrent assets and liabilities 33 (66)
Net cash provided (used) by operating activities 1,464 1,483
FINANCING ACTIVITIES:    
Proceeds from (payments of) commercial paper – net (304) 942
Proceeds from long-term debt 4,503 5,720
Payments of long-term debt (3,301) (4,922)
Proceeds from issuance of common stock 6 21
Dividends paid (961) (876)
Dividends and distributions paid to noncontrolling interests (478) (462)
Contributions from noncontrolling interests 22 57
Payments for debt issuance costs (8) (29)
Contribution to Gulfstream for repayment of debt (148) 0
Other – net 0 32
Net cash provided (used) by financing activities (669) 483
INVESTING ACTIVITIES:    
Capital expenditures (1) (1,069) (1,654)
Net proceeds from dispositions 31 6
Purchases of businesses, net of cash acquired 0 (112)
Purchases of and contributions to equity-method investments (122) (483)
Distributions from unconsolidated affiliates in excess of cumulative earnings 261 122
Other – net 153 119
Net cash provided (used) by investing activities (746) (2,002)
Increase (decrease) in cash and cash equivalents 49 (36)
Cash and cash equivalents held for sale (14) 0
Cash and cash equivalents at beginning of year 100 240
Cash and cash equivalents at end of period 135 204
(1) Increases to property, plant, and equipment (1,020) (1,554)
Changes in related accounts payable and accrued liabilities (49) (100)
Capital expenditures (1) $ (1,069) $ (1,654)