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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES:      
Net income (loss) $ (350) $ (1,314) $ 2,339
Adjustments to reconcile to net cash provided (used) by operating activities:      
Depreciation and amortization 1,763 1,738 1,176
Provision (benefit) for deferred income taxes (26) (337) 1,264
Impairment of goodwill 0 1,098 0
Impairment of equity-method investments 430 1,359 0
Impairment of and net (gain) loss on sale of assets and businesses 918 215 67
Amortization of stock-based awards 73 82 53
Gain on remeasurement of equity-method investment 0 0 (2,544)
Cash provided (used) by changes in current assets and liabilities:      
Accounts and notes receivable 82 39 (276)
Inventories (25) 105 (36)
Other current assets and deferred charges (4) 4 (44)
Accounts payable 25 (90) (8)
Accrued liabilities 506 26 (203)
Other, including changes in noncurrent assets and liabilities 272 (247) 327
Net cash provided (used) by operating activities 3,664 2,678 2,115
FINANCING ACTIVITIES:      
Proceeds from (payments of) commercial paper – net (409) (306) 572
Proceeds from long-term debt 6,528 9,772 7,321
Payments of long-term debt (7,091) (6,516) (1,828)
Proceeds from issuance of common stock 9 27 3,416
Proceeds from sale of limited partner units of consolidated partnership 114 59 55
Dividends paid (1,261) (1,836) (1,412)
Dividends and distributions paid to noncontrolling interests (940) (942) (840)
Contributions from noncontrolling interests 29 111 340
Payments for debt issuance costs (9) (35) (40)
Special distribution from Gulfstream 0 396 0
Contribution to Gulfstream for repayment of debt (148) (248) 0
Other – net 0 (1) 17
Net cash provided (used) by financing activities (3,178) 481 7,601
INVESTING ACTIVITIES:      
Capital expenditures (1) (2,051) (3,167) (4,031)
Net proceeds from dispositions 30 3 34
Proceeds from sale of businesses, net of cash divested 1,020 0 0
Purchases of businesses, net of cash acquired 0 (112) (5,958)
Purchases of and contributions to equity-method investments (177) (595) (482)
Distributions from unconsolidated affiliates in excess of cumulative earnings 472 404 206
Other – net 290 168 74
Net cash provided (used) by investing activities (416) (3,299) (10,157)
Increase (decrease) in cash and cash equivalents 70 (140) (441)
Cash and cash equivalents at beginning of year 100 240 681
Cash and cash equivalents at end of year 170 100 240
(1) Increases to property, plant, and equipment (1,912) (3,024) (3,916)
Changes in related accounts payable and accrued liabilities (139) (143) (115)
Capital expenditures (1) $ (2,051) $ (3,167) $ (4,031)