XML 19 R7.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
OPERATING ACTIVITIES    
Net income $ 981 $ 691
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,191 2,322
Deferred income taxes 279 220
Provision for uncollectible accounts 53 90
Net (gain) loss on early retirement of debt (8) 86
Share-based compensation 62 89
Changes in current assets and liabilities:    
Accounts receivable 4 (2)
Accounts payable (181) (227)
Accrued income and other taxes (29) (3)
Other current assets and liabilities, net (208) (203)
Retirement benefits (131) (62)
Changes in other noncurrent assets and liabilities, net 120 51
Other, net 31 (4)
Net cash provided by operating activities 3,164 3,048
INVESTING ACTIVITIES    
Capital expenditures (1,362) (1,983)
Proceeds from sale of property, plant and equipment and other assets 66 84
Other, net 1 1
Net cash used in investing activities (1,295) (1,898)
FINANCING ACTIVITIES    
Net proceeds from issuance of long-term debt 1,881 2,425
Payments of long-term debt (2,464) (3,696)
Net (payments of) proceeds from revolving line of credit (150) 825
Dividends paid (568) (562)
Other, net (49) (75)
Net cash used in financing activities (1,350) (1,083)
Net increase in cash, cash equivalents and restricted cash 519 67
Cash, cash equivalents and restricted cash at beginning of period 427 1,717
Cash, cash equivalents and restricted cash at end of period 946 1,784
Supplemental cash flow information:    
Income taxes paid, net (73) (20)
Interest paid (net of capitalized interest of $26 and $43) (744) (828)
Cash, cash equivalents and restricted cash:    
Cash and cash equivalents 935 1,763
Restricted cash included in Other current assets 2 3
Restricted cash included in Other, net noncurrent assets 9 18
Total $ 946 $ 1,784