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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows From Operating Activities    
Net (loss) income $ (915) $ 1,095
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Depreciation, depletion and amortization 1,097 1,172
Deferred income taxes 28 111
Amortization of excess cost of equity investments 67 40
Loss (gain) on impairments and divestitures, net (Note 2) 1,976 (10)
Earnings from equity investments (368) (353)
Distributions from equity investment earnings 317 257
Changes in components of working capital    
Accounts receivable 335 279
Inventories 28 (73)
Other current assets 48 108
Accounts payable (182) (255)
Accrued interest, net of interest rate swaps (65) (49)
Accrued taxes (23) (195)
Other current liabilities (119) (74)
Other, net 8 45
Net Cash Provided by Operating Activities 2,232 2,098
Cash Flows From Investing Activities    
Capital expenditures (963) (1,178)
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   80
Contributions to investments (225) (812)
Distributions from equity investments in excess of cumulative earnings 86 131
Other, net (46) (16)
Net Cash Used in Investing Activities (241) (1,795)
Cash Flows From Financing Activities    
Issuances of debt 2,652 3,042
Payments of debt (3,037) (4,622)
Debt issue costs (11) (6)
Common stock dividends (1,166) (1,024)
Repurchases of common shares (50) (2)
Contributions from investment partner and noncontrolling interests 9 110
Distributions to investment partner (38) 0
Distribution to noncontrolling interests - KML distribution of the TMPL sale proceeds 0 (879)
Distributions to noncontrolling interests - other (7) (28)
Other, net (1) (4)
Net Cash Used in Financing Activities (1,649) (3,413)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Deposits (5) 28
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Deposits 337 (3,082)
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 526 213
Restricted Deposits, end of period 20 36
Cash, Cash Equivalents, and Restricted Deposits, end of period 546 249
Non-cash Investing and Financing Activities    
ROU assets and operating lease obligations recognized 8 743
Supplemental Disclosures of Cash Flow Information    
Cash paid during the period for interest (net of capitalized interest) 891 952
Cash paid during the period for income taxes, net $ 136 $ 370