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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES    
Net income (loss) $ 691 $ (5,794)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 2,322 2,384
Impairment of goodwill 0 6,506
Deferred income taxes 220 244
Provision for uncollectible accounts 90 85
Net loss (gain) on early retirement of debt 86 (66)
Share-based compensation 89 76
Changes in current assets and liabilities:    
Accounts receivable (2) (132)
Accounts payable (227) (266)
Accrued income and other taxes (3) 20
Other current assets and liabilities, net (203) (233)
Retirement benefits (62) (8)
Changes in other noncurrent assets and liabilities, net 51 67
Other, net (4) 0
Net cash provided by operating activities 3,048 2,883
INVESTING ACTIVITIES    
Capital expenditures (1,983) (1,731)
Proceeds from sale of property, plant and equipment and other assets 84 26
Other, net 1 (12)
Net cash used in investing activities (1,898) (1,717)
FINANCING ACTIVITIES    
Net proceeds from issuance of long-term debt 2,425 0
Payments of long-term debt (3,696) (760)
Net proceeds from revolving line of credit 825 100
Dividends paid (562) (554)
Other, net (75) (30)
Net cash used in financing activities (1,083) (1,244)
Net increase (decrease) in cash, cash equivalents and restricted cash 67 (78)
Cash, cash equivalents and restricted cash at beginning of period 1,717 518
Cash, cash equivalents and restricted cash at end of period 1,784 440
Supplemental cash flow information:    
Income taxes paid, net (20) (22)
Interest paid (net of capitalized interest of $43 and $32) (828) (1,050)
Total $ 1,784 $ 440