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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES:    
Net income (loss) $ 762 $ (518)
Adjustments to reconcile to net cash provided (used) by operating activities:    
Depreciation and amortization 875 891
Provision (benefit) for deferred income taxes 91 (142)
Net (gain) loss on disposition of equity-method investments (269) 0
Impairment of equity-method investments 0 112
Impairment of and net (gain) loss on sale of assets and businesses 18 803
Amortization of stock-based awards 44 34
Cash provided (used) by changes in current assets and liabilities:    
Accounts and notes receivable 201 290
Inventories (30) (3)
Other current assets and deferred charges (17) (21)
Accounts payable 29 13
Accrued liabilities (177) (23)
Other, including changes in noncurrent assets and liabilities (259) 33
Net cash provided (used) by operating activities 1,268 1,469
FINANCING ACTIVITIES:    
Proceeds from (payments of) commercial paper – net (93) (304)
Proceeds from long-term debt 2,643 4,503
Payments of long-term debt (2,710) (3,301)
Proceeds from issuance of common stock 2,125 6
Dividends paid (496) (961)
Dividends and distributions paid to noncontrolling interests (447) (478)
Contributions from noncontrolling interests 10 22
Payments for debt issuance costs (13) (8)
Contribution to Gulfstream for repayment of debt 0 (148)
Other – net (29) (5)
Net cash provided (used) by financing activities 990 (674)
INVESTING ACTIVITIES:    
Capital expenditures (1) (1,056) (1,069)
Dispositions – net (14) 31
Proceeds from dispositions of equity-method investments 200 0
Purchases of and contributions to equity-method investments (79) (122)
Distributions from unconsolidated affiliates in excess of cumulative earnings 258 261
Other – net 181 153
Net cash provided (used) by investing activities (510) (746)
Increase (decrease) in cash and cash equivalents 1,748 49
Cash and cash equivalents held for sale 0 (14)
Cash and cash equivalents at beginning of year 170 100
Cash and cash equivalents at end of period 1,918 135
(1) Increases to property, plant, and equipment (1,160) (1,020)
Changes in related accounts payable and accrued liabilities 104 (49)
Capital expenditures (1) $ (1,056) $ (1,069)