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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
OPERATING ACTIVITIES          
Net (loss) income $ (8,736) $ 344 $ (8,225) $ 943  
Adjustments to reconcile net (loss) income to net cash provided by operating activities:          
Depreciation and amortization     1,479 1,635  
Loss on disposal group held for sale 13 0 90 0  
Goodwill impairment     8,793 0  
Deferred income taxes     46 249  
Provision for uncollectible accounts     47 56  
Net gain on early retirement of debt     (618) 0  
Unrealized loss on investments     81 71  
Stock-based compensation     23 48  
Changes in current assets and liabilities:          
Accounts receivable     (36) 32  
Accounts payable     (11) 79  
Accrued income and other taxes     (1,011) 13  
Other current assets and liabilities, net     (330) (430)  
Retirement benefits     (16) (86)  
Changes in other noncurrent assets and liabilities, net     132 65  
Other, net     51 96  
Net cash provided by operating activities     495 2,771  
INVESTING ACTIVITIES          
Capital expenditures     (1,436) (1,338)  
Proceeds from sale of property, plant and equipment, and other assets     26 65  
Other, net     5 3  
Net cash used in investing activities     (1,405) (1,270)  
FINANCING ACTIVITIES          
Payments of long-term debt     (100) (1,532)  
Net proceeds from revolving line of credit     200 600  
Dividends paid     (9) (525)  
Other, net     (19) (32)  
Net cash provided by (used in) financing activities     72 (1,489)  
Net (decrease) increase in cash, cash equivalents and restricted cash     (838) 12  
Cash, cash equivalents and restricted cash at beginning of period     1,307 409 $ 409
Cash, cash equivalents and restricted cash at end of period 469 421 469 421 1,307
Supplemental cash flow information:          
Income taxes paid, net     (1,270) (58)  
Interest paid (net of capitalized interest of $45 and $32)     (561) (699)  
Supplemental noncash information regarding financing activities:          
Cancellation of senior unsecured notes as part of exchange offers (Note 6)     (1,554) 0  
Issuance of senior secured notes as part of exchange offers (Note 6)     924 0  
Cash, cash equivalents and restricted cash:          
Cash and cash equivalents 411 360 411 360 1,251
Cash and cash equivalents and restricted cash included in Assets held for sale 47 48 47 48  
Restricted cash included in Other current assets 0 1 0 1  
Restricted cash included in Other, net noncurrent assets 11 12 11 12  
Total $ 469 $ 421 $ 469 $ 421 $ 1,307