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Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
OPERATING ACTIVITIES:    
Net income (loss) $ 681 $ 76
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation, depletion and amortization 784 727
Provision (benefit) for deferred income taxes 87 50
Provision for loss on investments, property and other assets 51 10
Amortization of stock-based awards 25 26
Early debt retirement costs   606
Cash provided (used) by changes in current assets and liabilities:    
Accounts and notes receivable (56) 115
Inventories 20 (57)
Margin deposits and customer margin deposits payable (30) 5
Other current assets and deferred charges (9) (6)
Accounts payable 109 (89)
Accrued liabilities 30 (157)
Changes in current and noncurrent derivative assets and liabilities 14 (34)
Other, including changes in noncurrent assets and liabilities (22) 25
Net cash provided by operating activities 1,684 1,297
FINANCING ACTIVITIES:    
Proceeds from long-term debt 425 3,749
Payments of long-term debt (225) (3,515)
Dividends paid (191) (137)
Dividends and distributions paid to noncontrolling interests (105) (66)
Payments for debt issuance costs (19) (66)
Premiums paid on early debt retirements   (574)
Other - net 1 (21)
Net cash used by financing activities (114) (630)
INVESTING ACTIVITIES:    
Capital expenditures (1,094) (940)
Purchases of investments/advances to affiliates (132) (20)
Other - net 27 27
Net cash used by investing activities (1,199) (933)
Increase (decrease) in cash and cash equivalents 371 (266)
Cash and cash equivalents at beginning of period 795 1,867
Cash and cash equivalents at end of period 1,166 1,601
Increases to property, plant and equipment (1,086) (898)
Changes in related accounts payable and accrued liabilities (8) (42)
Capital expenditures $ (1,094) $ (940)