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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES    
Net income $ 432 $ 335
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,963 2,088
Impairment of assets 1 8
Deferred income taxes 21 53
Provision for uncollectible accounts 96 84
Net long-term debt issuance costs and premium amortization 0 (3)
Share-based compensation 40 38
Changes in current assets and liabilities:    
Accounts receivable (125) (51)
Accounts payable 74 (112)
Accrued income and other taxes 208 120
Other current assets and liabilities, net (64) (50)
Retirement benefits (28) (19)
Changes in other noncurrent assets and liabilities, net (35) (11)
Other, net 18 1
Net cash provided by operating activities 2,601 2,481
INVESTING ACTIVITIES    
Payments for property, plant and equipment and capitalized software (1,264) (1,272)
Cash paid for acquisitions (24) (4)
Proceeds from sale of property 11 26
Other, net (2) (8)
Net cash used in investing activities (1,279) (1,258)
FINANCING ACTIVITIES    
Net proceeds from issuance of long-term debt 1,215 594
Payments of long-term debt (1,464) (506)
Net payments on credit facility and revolving line of credit (410) (405)
Dividends paid (586) (609)
Net proceeds from issuance of common stock 3 9
Repurchase of common stock and shares withheld to satisfy tax withholdings (15) (277)
Other, net 0 (2)
Net cash used in financing activities (1,257) (1,196)
Net increase in cash and cash equivalents 65 27
Cash and cash equivalents at beginning of period 126 128
Cash and cash equivalents at end of period 191 155
Supplemental cash flow information:    
Income taxes paid, net (21) (41)
Interest paid (net of capitalized interest of $24 and $29) $ (660) $ (654)