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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows From Operating Activities    
Net (loss) income $ (291) $ 567
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Depreciation, depletion and amortization 565 593
Deferred income taxes (69) (31)
Amortization of excess cost of equity investments 32 21
Change in fair market value of derivative contracts (36) 10
Loss on impairments and divestitures, net (Note 2) 971 0
Earnings from equity investments (192) (192)
Distributions from equity investment earnings 152 124
Changes in components of working capital    
Accounts receivable 222 193
Inventories 59 (52)
Other current assets 50 128
Accounts payable (200) (189)
Accrued interest, net of interest rate swaps (202) (236)
Accrued taxes (59) (202)
Other current liabilities (126) (149)
Other, net 17 50
Net Cash Provided by Operating Activities 893 635
Cash Flows From Investing Activities    
Capital expenditures (440) (554)
Proceeds from sales of assets and investments, net of working capital adjustments 907  
Proceeds from sales of assets and investments, net of working capital adjustments   (16)
Contributions to investments (151) (331)
Distributions from equity investments in excess of cumulative earnings 41 81
Other, net (22) 6
Net Cash Provided by (Used in) Investing Activities 335 (814)
Cash Flows From Financing Activities    
Issuances of debt 2,125 1,399
Payments of debt (1,969) (2,990)
Debt issue costs (7) (2)
Common stock dividends (569) (455)
Repurchases of common shares (50) (2)
Contributions from investment partner and noncontrolling interests 5 38
Distributions to investment partner (18) 0
Distribution to noncontrolling interests - KML distribution of the TMPL sale proceeds 0 (879)
Distributions to noncontrolling interests - other (3) (14)
Other, net (1) (3)
Net Cash Used in Financing Activities (487) (2,908)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Deposits (8) 26
Net increase (decrease) in Cash, Cash Equivalents and Restricted Deposits 733 (3,061)
Cash, Cash Equivalents, and Restricted Deposits, beginning of period 209 3,331
Cash and Cash Equivalents, beginning of period 185 3,280
Restricted Deposits, beginning of period 24 51
Cash and Cash Equivalents, end of period 360 221
Restricted Deposits, end of period 582 49
Cash, Cash Equivalents, and Restricted Deposits, end of period 942 270
Non-cash Investing and Financing Activities    
ROU assets and operating lease obligations recognized 14 701
Increase in property, plant and equipment from both accruals and contractor retainage 41
Supplemental Disclosures of Cash Flow Information    
Cash paid during the period for interest (net of capitalized interest) 661 690
Cash paid during the period for income taxes, net $ 134 $ 345