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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows From Operating Activities    
Net (loss) income $ (443) $ 1,612
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Depreciation, depletion and amortization 1,636 1,750
Deferred income taxes 164 254
Amortization of excess cost of equity investments 99 61
Loss (gain) on impairments and divestitures, net (Note 2) 1,987 (13)
Earnings from equity investments (562) (526)
Distributions from equity investment earnings 487 412
Changes in components of working capital    
Accounts receivable 238 224
Inventories 41 (28)
Other current assets 14 97
Accounts payable (107) (266)
Accrued interest, net of interest rate swaps (208) (218)
Accrued taxes (25) (107)
Other current liabilities (111) (136)
Other, net 72 5
Net Cash Provided by Operating Activities 3,282 3,121
Cash Flows From Investing Activities    
Capital expenditures (1,351) (1,719)
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 (365) (1,148)
Distributions from equity investments in excess of cumulative earnings 105 207
Other, net (72) (30)
Net Cash Used in Investing Activities (776) (2,610)
Cash Flows From Financing Activities    
Issuances of debt 3,888 5,118
Payments of debt (3,991) (6,303)
Debt issue costs (23) (9)
Common stock dividends (1,764) (1,593)
Repurchases of common shares (50) (2)
Contributions from investment partner and noncontrolling interests 11 138
Distributions to investment partner (60) 0
Distribution to noncontrolling interests - KML distribution of the TMPL sale proceeds 0 (879)
Distributions to noncontrolling interests - other (11) (42)
Other, net (13) (28)
Net Cash Used in Financing Activities (2,013) (3,600)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Deposits (3) 26
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Deposits 490 (3,063)
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 632 241
Restricted Deposits, end of period 67 27
Cash, Cash Equivalents, and Restricted Deposits, end of period 699 268
Non-cash Investing and Financing Activities    
ROU assets and operating lease obligations recognized 15 764
Supplemental Disclosures of Cash Flow Information    
Cash paid during the period for interest (net of capitalized interest) 1,440 1,584
Cash paid during the period for income taxes, net $ 202 $ 364