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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING ACTIVITIES:    
Net income (loss) $ 214 $ 270
Adjustments to reconcile to net cash provided (used) by operating activities:    
Depreciation and amortization 416 431
Provision (benefit) for deferred income taxes 75 73
Equity (earnings) losses (80) (82)
Distributions from unconsolidated affiliates 172 140
Impairment of equity-method investments (Note 2) 74 0
Amortization of stock-based awards 14 14
Cash provided (used) by changes in current assets and liabilities:    
Accounts and notes receivable 97 238
Inventories 1 (40)
Other current assets and deferred charges (6) (4)
Accounts payable (39) (197)
Accrued liabilities (142) (166)
Other, including changes in noncurrent assets and liabilities (21) 17
Net cash provided (used) by operating activities 775 694
FINANCING ACTIVITIES:    
Proceeds from (payments of) commercial paper – net 1,014 0
Proceeds from long-term debt 708 2,048
Payments of long-term debt (864) (1,060)
Proceeds from issuance of common stock 6 10
Common dividends paid (460) (281)
Dividends and distributions paid to noncontrolling interests (41) (165)
Contributions from noncontrolling interests 4 3
Payments for debt issuance costs 0 (18)
Other – net (9) (40)
Net cash provided (used) by financing activities 358 497
INVESTING ACTIVITIES:    
Capital expenditures (1) (422) (957)
Dispositions – net (4) (1)
Contributions in aid of construction 10 190
Purchases of businesses, net of cash acquired (727) 0
Purchases of and contributions to equity-method investments (99) (21)
Other – net (16) (9)
Net cash provided (used) by investing activities (1,258) (798)
Increase (decrease) in cash and cash equivalents (125) 393
Cash and cash equivalents at beginning of year 168 899
Cash and cash equivalents at end of period 43 1,292
(1) Increases to property, plant, and equipment (418) (934)
Changes in related accounts payable and accrued liabilities (4) (23)
Capital expenditures (1) $ (422) $ (957)