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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES:    
Net income (loss) $ (570) $ 214
Adjustments to reconcile to net cash provided (used) by operating activities:    
Depreciation and amortization 429 416
Provision (benefit) for deferred income taxes (177) 75
Equity (earnings) losses (22) (80)
Distributions from unconsolidated affiliates 169 172
Impairment of goodwill (Note 11) 187 0
Impairment of equity-method investments (Note 11) 938 74
Amortization of stock-based awards 9 14
Cash provided (used) by changes in current assets and liabilities:    
Accounts receivable 67 97
Inventories 19 1
Other current assets and deferred charges 20 (6)
Accounts payable (155) (39)
Accrued liabilities (150) (142)
Other, including changes in noncurrent assets and liabilities 23 (21)
Net cash provided (used) by operating activities 787 775
FINANCING ACTIVITIES:    
Proceeds from (payments of) commercial paper – net 0 1,014
Proceeds from long-term debt 1,702 708
Payments of long-term debt (1,518) (864)
Proceeds from issuance of common stock 6 6
Common dividends paid (485) (460)
Dividends and distributions paid to noncontrolling interests (44) (41)
Contributions from noncontrolling interests 2 4
Other – net (10) (9)
Net cash provided (used) by financing activities (347) 358
INVESTING ACTIVITIES:    
Capital expenditures (1) (306) (422)
Dispositions - net (3) (4)
Contributions in aid of construction 14 10
Purchases of businesses, net of cash acquired (Note 2) 0 (727)
Purchases of and contributions to equity-method investments (30) (99)
Other – net (4) (16)
Net cash provided (used) by investing activities (329) (1,258)
Increase (decrease) in cash and cash equivalents 111 (125)
Cash and cash equivalents at beginning of year 289 168
Cash and cash equivalents at end of period 400 43
(1) Increases to property, plant, and equipment (254) (418)
Changes in related accounts payable and accrued liabilities (52) (4)
Capital expenditures (1) $ (306) $ (422)