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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income $ 286 $ 256
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, amortization and accretion 26 24
Amortization of contract assets - related parties 4 0
Loss from revision of asset retirement obligation 0 2
Allowance oil reduction to net realizable value 8 0
Undistributed equity earnings (1) (3)
Changes in operating assets and liabilities    
Accounts receivable (4) (3)
Allowance oil (1) 0
Prepaid expenses and other assets 10 10
Accounts payable 13 1
Deferred revenue and other unearned income 9 (11)
Accrued liabilities 4 7
Net cash provided by operating activities 354 283
Cash flows from investing activities    
Capital expenditures (9) (24)
Acquisitions from Parent 0 (90)
Contributions to investment 0 (10)
Return of investment 32 47
Net cash provided by (used in) investing activities 23 (77)
Cash flows from financing activities    
Payment of equity issuance costs (2) 0
Borrowings under credit facilities 0 600
Capital distributions to general partner 0 (510)
Distributions to noncontrolling interests (9) (9)
Distributions to unitholders and general partner (325) (248)
Other contributions from Parent 0 10
Receipt of principal payments on financing receivables 1 0
Net cash used in financing activities (335) (157)
Net increase in cash and cash equivalents 42 49
Cash and cash equivalents at beginning of the period 290 208
Cash and cash equivalents at end of the period 332 257
Non-cash investing and financing transactions:    
Change in accrued capital expenditures 0 (2)
Other non-cash contributions from Parent $ 1 $ 0