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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES:    
Net income (loss) $ 1,420 $ 930
Adjustments to reconcile to net cash provided (used) by operating activities:    
Depreciation and amortization 1,504 1,388
Provision (benefit) for deferred income taxes 182 313
Equity (earnings) losses (492) (423)
Distributions from unconsolidated affiliates 688 574
Net unrealized (gain) loss from derivative instruments 329 317
Amortization of stock-based awards 58 60
Cash provided (used) by changes in current assets and liabilities:    
Accounts receivable (672) (538)
Inventories (76) (112)
Other current assets and deferred charges (62) (67)
Accounts payable 743 570
Accrued liabilities 167 67
Changes in current and noncurrent derivative assets and liabilities 86 (267)
Other, including changes in noncurrent assets and liabilities (205) (6)
Net cash provided (used) by operating activities 3,670 2,806
FINANCING ACTIVITIES:    
Proceeds from long-term debt 1,752 898
Payments of long-term debt (2,019) (887)
Proceeds from issuance of common stock 53 6
Common dividends paid (1,553) (1,494)
Dividends and distributions paid to noncontrolling interests (141) (135)
Contributions from noncontrolling interests 15 6
Payments for debt issuance costs (14) (7)
Other – net (49) (13)
Net cash provided (used) by financing activities (1,956) (1,626)
INVESTING ACTIVITIES:    
Capital expenditures (1) (1,447) (957)
Dispositions – net (19) 5
Contributions in aid of construction 8 46
Purchases of businesses, net of cash acquired (Note 3) (933) (126)
Purchases of and contributions to equity-method investments (140) (79)
Other – net (4) 3
Net cash provided (used) by investing activities (2,535) (1,108)
Increase (decrease) in cash and cash equivalents (821) 72
Cash and cash equivalents at beginning of year 1,680 142
Cash and cash equivalents at end of period 859 214
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]    
(1) Increases to property, plant, and equipment (1,549) (1,001)
Changes in related accounts payable and accrued liabilities 102 44
Capital expenditures $ (1,447) $ (957)