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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES:    
Net income (loss) $ 2 $ 444
Adjustments to reconcile to net cash provided (used) by operating activities:    
Depreciation and amortization 867 838
Provision (benefit) for deferred income taxes (80) 2
Impairment of equity-method investments 112 0
Impairment of and net (gain) loss on sale of Property, plant, and equipment 405 28
Amortization of stock-based awards 14 16
Cash provided (used) by changes in current assets and liabilities:    
Accounts and notes receivable 297 185
Inventories 0 64
Other current assets and deferred charges (20) (45)
Accounts payable 24 (38)
Accrued liabilities 58 (14)
Affiliate accounts receivable and payable - net (44) 42
Other, including changes in noncurrent assets and liabilities 30 (29)
Net cash provided (used) by operating activities 1,665 1,493
FINANCING ACTIVITIES:    
Proceeds from (payments of) commercial paper - net (304) 942
Proceeds from long-term debt 2,938 4,825
Payments of long-term debt (2,201) (4,007)
Contributions from general partner 6 4
Distributions to limited partners and general partner (1,231) (1,450)
Distributions to noncontrolling interests (45) (32)
Contributions from noncontrolling interests 22 57
Contributions from The Williams Companies, Inc. - net 0 20
Payments for debt issuance costs (8) (29)
Contribution to Gulfstream for repayment of debt (148) 0
Other - net 0 14
Net cash provided (used) by financing activities (971) 344
INVESTING ACTIVITIES:    
Capital expenditures (1) (981) (1,450)
Net proceeds from dispositions 7 6
Purchases of businesses, net of cash acquired 0 (112)
Purchases of and contributions to equity-method investments (122) (483)
Distributions from unconsolidated affiliates in excess of cumulative earnings 261 122
Other - net 153 95
Net cash provided (used) by investing activities (682) (1,822)
Increase (decrease) in cash and cash equivalents 12 15
Cash and cash equivalents held for sale (7) 0
Cash and cash equivalents at beginning of year 96 171
Cash and cash equivalents at end of period 101 186
(1) Increases to property, plant, and equipment (983) (1,376)
Changes in related accounts payable and accrued liabilities 2 (74)
Capital expenditures $ (981) $ (1,450)