XML 18 R9.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
OPERATING ACTIVITIES:    
Net income (loss) $ 1,451 $ 799
Adjustments to reconcile to net cash provided (used) by operating activities:    
Depreciation and amortization 1,021 1,004
Provision (benefit) for deferred income taxes 427 90
Equity (earnings) losses (307) (299)
Distributions from equity-method investees 418 414
Net unrealized (gain) loss from derivative instruments (410) 364
Inventory write-downs 23 12
Amortization of stock-based awards 40 36
Cash provided (used) by changes in current assets and liabilities:    
Accounts receivable 1,423 (797)
Inventories 41 (11)
Other current assets and deferred charges 24 (15)
Accounts payable (1,220) 690
Accrued and other current liabilities (72) (24)
Changes in current and noncurrent derivative assets and liabilities 119 49
Other, including changes in noncurrent assets and liabilities (87) (132)
Net cash provided (used) by operating activities 2,891 2,180
FINANCING ACTIVITIES:    
Proceeds from (payments of) commercial paper – net (352) 1,037
Proceeds from long-term debt 1,503 5
Payments of long-term debt (14) (2,012)
Proceeds from issuance of common stock 4 48
Purchases of treasury stock (130) 0
Common dividends paid (1,091) (1,035)
Dividends and distributions paid to noncontrolling interests (112) (95)
Contributions from noncontrolling interests 18 8
Payments for debt issuance costs (13) 0
Other – net (17) (31)
Net cash provided (used) by financing activities (204) (2,075)
INVESTING ACTIVITIES:    
Capital expenditures (1) (1,155) (606)
Dispositions – net (21) (11)
Contributions in aid of construction 18 6
Purchases of businesses, net of cash acquired (Note 3) (1,053) (933)
Purchases of and contributions to equity-method investments (69) (100)
Other – net (8) (8)
Net cash provided (used) by investing activities (2,288) (1,652)
Increase (decrease) in cash and cash equivalents 399 (1,547)
Cash and cash equivalents at beginning of year 152 1,680
Cash and cash equivalents at end of period 551 133
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]    
(1) Increases to property, plant, and equipment (1,168) (642)
Changes in related accounts payable and accrued liabilities 13 36
Capital expenditures $ (1,155) $ (606)