XML 21 R7.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES    
Net income $ 599 $ 475
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 808 1,150
Deferred income taxes 179 131
Provision for uncollectible accounts 25 27
Net gain on early retirement of debt 0 (8)
Stock-based compensation 23 20
Changes in current assets and liabilities:    
Accounts receivable 131 45
Accounts payable (38) (93)
Accrued income and other taxes 34 31
Other current assets and liabilities, net (376) (272)
Retirement benefits (38) (71)
Changes in other noncurrent assets and liabilities, net (27) 66
Other, net 55 24
Net cash provided by operating activities 1,375 1,525
INVESTING ACTIVITIES    
Capital expenditures (577) (716)
Proceeds from sale of property, plant and equipment and other assets 6 35
Other, net 2 6
Net cash used in investing activities (569) (675)
FINANCING ACTIVITIES    
Net proceeds from issuance of long-term debt 0 891
Payments of long-term debt (1,474) (1,176)
Net proceeds from (payments on) revolving line of credit 1,000 (150)
Dividends paid (271) (294)
Other, net (31) (45)
Net cash used in financing activities (776) (774)
Net increase in cash, cash equivalents and restricted cash 30 76
Cash, cash equivalents and restricted cash at beginning of period 409 427
Cash, cash equivalents and restricted cash at end of period 439 503
Supplemental cash flow information:    
Income taxes paid, net (10) (21)
Interest paid (net of capitalized interest of $16 and $13) (386) (387)
Cash, cash equivalents and restricted cash:    
Cash and cash equivalents 366 486
Cash and cash equivalents included in Assets held for sale 59 0
Restricted cash included in Other current assets 2 2
Restricted cash included in Other, net noncurrent assets 12 15
Total $ 439 $ 503