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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING ACTIVITIES:    
Net income (loss) $ 270 $ 569
Adjustments to reconcile to net cash provided (used) by operating activities:    
Depreciation and amortization 431 442
Provision (benefit) for deferred income taxes 73 28
Equity (earnings) losses (82) (107)
Distributions from unconsolidated affiliates 140 190
Net (gain) loss on disposition of equity-method investments 0 (269)
Amortization of stock-based awards 14 21
Cash provided (used) by changes in current assets and liabilities:    
Accounts and notes receivable 238 29
Inventories (40) (30)
Other current assets and deferred charges (4) 18
Accounts payable (197) 32
Accrued liabilities (166) (133)
Other, including changes in noncurrent assets and liabilities 17 (63)
Net cash provided (used) by operating activities 694 727
FINANCING ACTIVITIES:    
Proceeds from (payments of) commercial paper – net 0 (93)
Proceeds from long-term debt 2,048 470
Payments of long-term debt (1,060) (2,000)
Proceeds from issuance of common stock 10 2,122
Dividends paid (281) (248)
Dividends and distributions paid to noncontrolling interests (165) (242)
Contributions from noncontrolling interests 3 4
Payments for debt issuance costs (18) 0
Other – net (40) (28)
Net cash provided (used) by financing activities 497 (15)
INVESTING ACTIVITIES:    
Capital expenditures (1) (957) (511)
Dispositions – net (1) (2)
Contributions in aid of construction 190 131
Proceeds from dispositions of equity-method investments 0 200
Purchases of and contributions to equity-method investments (21) (52)
Other – net (9) (9)
Net cash provided (used) by investing activities (798) (243)
Increase (decrease) in cash and cash equivalents 393 469
Cash and cash equivalents at beginning of year 899 170
Cash and cash equivalents at end of period 1,292 639
(1) Increases to property, plant, and equipment (934) (569)
Changes in related accounts payable and accrued liabilities (23) 58
Capital expenditures (1) $ (957) $ (511)