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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES:      
Net income (loss) $ 519 $ (1,358) $ 1,284
Adjustments to reconcile to net cash provided (used) by operating activities:      
Depreciation and amortization 1,720 1,702 1,151
Provision (benefit) for deferred income taxes (83) 4 25
Impairment of goodwill 0 1,098 0
Impairment of equity-method investments 430 1,359 0
Impairment of and net (gain) loss on sale of assets and businesses 481 150 68
Amortization of stock-based awards 20 27 9
Cash provided (used) by changes in current assets and liabilities:      
Accounts and notes receivable 80 (67) (169)
Inventories (20) 105 (36)
Other current assets and deferred charges (2) 2 (43)
Accounts payable 5 (128) (42)
Accrued liabilities 503 (15) (233)
Affiliate accounts receivable and payable – net (37) 0 9
Other, including changes in noncurrent assets and liabilities 322 (218) 322
Net cash provided (used) by operating activities 3,938 2,661 2,345
FINANCING ACTIVITIES:      
Proceeds from (payments of) commercial paper – net (409) (306) 572
Proceeds from long-term debt 4,248 7,675 4,386
Payments of long-term debt (4,936) (4,699) (1,157)
Proceeds from sales of common units 614 59 55
Contributions from general partner 26 14 13
Distributions to limited partners and general partner (2,531) (2,686) (2,448)
Distributions to noncontrolling interests (92) (87) (243)
Contributions from noncontrolling interests 29 111 334
Contributions from The Williams Companies, Inc. – net 0 20 73
Payments for debt issuance costs (9) (33) (24)
Special distribution from Gulfstream 0 396 0
Contribution to Gulfstream for repayment of debt (148) (248) 0
Other – net 0 (1) 24
Net cash provided (used) by financing activities (3,208) 215 1,585
INVESTING ACTIVITIES:      
Capital expenditures (1) (1,944) (2,795) (3,692)
Net proceeds from dispositions 6 3 34
Proceeds from sale of businesses, net of cash divested 672 0 0
Purchases of businesses, net of cash acquired 0 (112) 0
Purchases of and contributions to equity-method investments (177) (594) (468)
Distributions from unconsolidated affiliates in excess of cumulative earnings 472 404 141
Other – net 290 143 116
Net cash provided (used) by investing activities (681) (2,951) (3,869)
Increase (decrease) in cash and cash equivalents 49 (75) 61
Cash and cash equivalents at beginning of year 96 171 110
Cash and cash equivalents at end of year 145 96 171
(1) Increases to property, plant, and equipment (1,871) (2,649) (3,571)
Changes in related accounts payable and accrued liabilities (73) (146) (121)
Capital expenditures (1) $ (1,944) $ (2,795) $ (3,692)