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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 1,300 $ 2,127
Short-term investments 900  
Accounts receivable, less allowances of $65 and $57, respectively 397 458
Prepaid expenses 60 73
Income taxes and other current assets 31 30
Total current assets 2,688 2,688
Property, plant and equipment, net 9,575 9,199
Other intangibles, net 4,147 4,227
Other assets 345 367
Total assets 16,755 16,481
Current liabilities:    
Long-term debt due within one year 15 15
Accounts payable 694 535
Advanced billings 202 197
Accrued other taxes 178 183
Accrued interest 153 76
Pension and other postretirement benefits 46 46
Other current liabilities 425 399
Total current liabilities 1,713 1,451
Deferred income taxes 412 387
Pension and other postretirement benefits 1,580 1,672
Other liabilities 415 403
Long-term debt 7,957 7,968
Total liabilities 12,077 11,881
Equity:    
Common stock, $0.01 par value (1,750,000 authorized shares, 244,476 and 244,416 shares issued and 244,476 and 244,416 shares outstanding at March 31, 2022 and December 31, 2021, respectively) 2 2
Additional paid-in capital 4,139 4,124
Retained earnings 479 414
Accumulated other comprehensive income, net of tax 58 60
Total equity 4,678 4,600
Total liabilities and equity $ 16,755 $ 16,481