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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
OPERATING ACTIVITIES:    
Net income (loss) $ 780 $ 739
Adjustments to reconcile to net cash provided (used) by operating activities:    
Depreciation and amortization 1,275 1,290
Provision (benefit) for deferred income taxes 268 351
Equity (earnings) losses (260) (279)
Distributions from unconsolidated affiliates 458 507
Net (gain) loss on disposition of equity-method investments (Note 5) (122) 0
Impairment of equity-method investments (Note 13) 186 0
(Gain) loss on deconsolidation of businesses (Note 5) 2 (62)
Impairment of and net (gain) loss on sale of certain assets 76 64
Amortization of stock-based awards 44 43
Cash provided (used) by changes in current assets and liabilities:    
Accounts and notes receivable 159 75
Inventories 7 (39)
Other current assets and deferred charges (10) (44)
Accounts payable (76) (76)
Accrued liabilities 76 (62)
Other, including changes in noncurrent assets and liabilities (161) (176)
Net cash provided (used) by operating activities 2,702 2,331
FINANCING ACTIVITIES:    
Proceeds from (payments of) commercial paper – net (4) 821
Proceeds from long-term debt 736 3,745
Payments of long-term debt (904) (3,201)
Proceeds from issuance of common stock 10 15
Proceeds from sale of partial interest in consolidated subsidiary (Note 2) 1,330 0
Common dividends paid (1,382) (974)
Dividends and distributions paid to noncontrolling interests (86) (552)
Contributions from noncontrolling interests 32 13
Payments for debt issuance costs 0 (26)
Other – net (11) (46)
Net cash provided (used) by financing activities (279) (205)
INVESTING ACTIVITIES:    
Capital expenditures (1) (1,705) (2,659)
Dispositions – net (32) (2)
Contributions in aid of construction 25 395
Purchases of businesses, net of cash acquired (Note 2) (728) 0
Proceeds from dispositions of equity-method investments (Note 5) 485 0
Purchases of and contributions to equity-method investments (361) (803)
Other – net (28) 86
Net cash provided (used) by investing activities (2,344) (2,983)
Increase (decrease) in cash and cash equivalents 79 (857)
Cash and cash equivalents at beginning of year 168 899
Cash and cash equivalents at end of period 247 42
(1) Increases to property, plant, and equipment (1,707) (2,482)
Changes in related accounts payable and accrued liabilities 2 (177)
Capital expenditures (1) $ (1,705) $ (2,659)