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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
OPERATING ACTIVITIES      
Net income $ 511 $ 599  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 733 808  
Loss on disposal group held for sale 77 0  
Deferred income taxes 46 179  
Provision for uncollectible accounts 27 25  
Net gain on early retirement of debt (609) 0  
Unrealized loss (gain) on investments 80 (66)  
Stock-based compensation 14 23  
Changes in current assets and liabilities:      
Accounts receivable 14 131  
Accounts payable (8) (38)  
Accrued income and other taxes 143 34  
Other current assets and liabilities, net (374) (376)  
Retirement benefits (15) (38)  
Changes in other noncurrent assets and liabilities, net (16) 39  
Other, net (28) 55  
Net cash provided by operating activities 595 1,375  
INVESTING ACTIVITIES      
Capital expenditures (640) (577)  
Proceeds from sale of property, plant and equipment, and other assets 23 6  
Other, net 1 2  
Net cash used in investing activities (616) (569)  
FINANCING ACTIVITIES      
Payments of long-term debt (61) (1,474)  
Net payments on revolving line of credit 0 1,000  
Dividends paid (8) (271)  
Other, net (17) (31)  
Net cash used in financing activities (86) (776)  
Net (decrease) increase in cash, cash equivalents and restricted cash (107) 30  
Cash, cash equivalents and restricted cash at beginning of period 1,307 409 $ 409
Cash, cash equivalents and restricted cash at end of period 1,200 439 1,307
Supplemental cash flow information:      
Income taxes paid, net (96) (10)  
Interest paid (net of capitalized interest of $21 and $16) (363) (386)  
Supplemental noncash information regarding financing activities:      
Cancellation of senior unsecured notes as part of exchange offers (Note 6) (1,535) 0  
Issuance of senior secured notes as part of exchange offers (Note 6) 915 0  
Cash, cash equivalents and restricted cash:      
Cash and cash equivalents 1,148 366 1,251
Cash and cash equivalents and restricted cash included in Assets held for sale 41 59  
Restricted cash included in Other current assets 0 2  
Restricted cash included in Other, net noncurrent assets 11 12  
Total $ 1,200 $ 439 $ 1,307