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Condensed Combined Consolidated Statements of Cash Flows (Unaudited)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
USD ($)
Jun. 30, 2018
USD ($)
Jun. 30, 2017
USD ($)
Operating Activities:      
Net income $ 218 $ 367 $ 2,465
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 69 139 143
Gain on sales of assets, net (7) (96)  
Equity in earnings from investments in affiliates (8) (12) (12)
Loss on foreign currency transactions   3 3
Other (gain) loss, net   (108) 1
Share-based compensation expense   8 7
Amortization of deferred financing costs   2 2
Distributions from unconsolidated affiliates   6 7
Deferred income taxes   (3) (2,312)
Changes in operating assets and liabilities   (158) (30)
Net cash provided by operating activities   148 274
Investing Activities:      
Capital expenditures for property and equipment   (86) (86)
Proceeds from asset dispositions, net   368  
Proceeds from the sale of investments in affiliates   150  
Insurance proceeds for property damage claims   35  
Investments in affiliates     (1)
Distributions from unconsolidated affiliates     1
Net cash provided by (used in) investing activities   467 (86)
Financing Activities:      
Dividends paid   (204) (202)
Distributions to noncontrolling interests   (1) (2)
Tax withholdings on share-based compensation   (2) (2)
Repurchase of common stock   (348)  
Net transfers to Parent     (9)
Net cash used in financing activities   (555) (215)
Effect of exchange rate changes on cash and cash equivalents and restricted cash   (1) 1
Net increase (decrease) in cash and cash equivalents and restricted cash   59 (26)
Cash and cash equivalents and restricted cash, beginning of period   379 350
Cash and cash equivalents and restricted cash, end of period 438 438 324
Non-cash financing activities:      
Dividends paid in stock     441
Dividends declared but unpaid $ 177 $ 177 $ 92