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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES:      
Net income (loss) $ 2,117 $ 1,562 $ 198
Adjustments to reconcile to net cash provided (used) by operating activities:      
Depreciation and amortization 2,009 1,842 1,721
Provision (benefit) for deferred income taxes 431 509 108
Equity (earnings) losses (637) (608) (328)
Distributions from equity-method investees (Note 8) 865 757 653
Impairment of goodwill (Note 15) 0 0 187
Impairment of equity-method investments (Note 15) 0 0 1,046
Impairment of certain assets (Note 15) 0 2 182
Net unrealized (gain) loss from derivative instruments 249 109 0
Inventory write-downs 161 15 17
Amortization of stock-based awards 73 81 52
Cash provided (used) by changes in current assets and liabilities:      
Accounts receivable (733) (545) (2)
Inventories (110) (139) (28)
Other current assets and deferred charges (33) (63) 11
Accounts payable 410 643 (7)
Accrued and other current liabilities 209 58 (309)
Changes in current and noncurrent derivative assets and liabilities 94 (277) (4)
Other, including changes in noncurrent assets and liabilities (216) (1) (1)
Net cash provided (used) by operating activities 4,889 3,945 3,496
FINANCING ACTIVITIES:      
Proceeds from (payments of) commercial paper – net 345 0 0
Proceeds from long-term debt 1,755 2,155 3,899
Payments of long-term debt (2,876) (894) (3,841)
Proceeds from issuance of common stock 54 9 9
Common dividends paid (2,071) (1,992) (1,941)
Dividends and distributions paid to noncontrolling interests (204) (187) (185)
Contributions from noncontrolling interests 18 9 7
Payments for debt issuance costs (17) (26) (20)
Other – net (46) (16) (13)
Net cash provided (used) by financing activities (3,042) (942) (2,085)
INVESTING ACTIVITIES:      
Capital expenditures (1) (2,253) (1,239) (1,239)
Dispositions – net (30) (8) (36)
Contributions in aid of construction 12 52 37
Purchases of businesses, net of cash acquired (Note 3) (933) (151) 0
Purchases of and contributions to equity-method investments (Note 8) (166) (115) (325)
Other – net (5) (4) 5
Net cash provided (used) by investing activities (3,375) (1,465) (1,558)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total (1,528) 1,538 (147)
Cash and cash equivalents at beginning of year 1,680 142 289
Cash and cash equivalents at end of year 152 1,680 142
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]      
(1) Increases to property, plant, and equipment (2,394) (1,305) (1,160)
Changes in related accounts payable and accrued liabilities 141 66 (79)
Capital expenditures $ (2,253) $ (1,239) $ (1,239)