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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 322 $ 2,127
Short-term investments 1,750
Accounts receivable, less allowances of $47 and $57, respectively 438 458
Prepaid expenses 57 73
Income taxes and other current assets 30 30
Total current assets 2,597 2,688
Property, plant and equipment, net 11,850 9,199
Other intangibles, net 3,906 4,227
Other assets 271 367
Total assets 18,624 16,481
Current liabilities:    
Long-term debt due within one year 15 15
Accounts payable 1,410 535
Advanced billings 194 197
Accrued other taxes 137 183
Accrued interest 104 76
Pension and other postretirement benefits 39 46
Other current liabilities 396 399
Total current liabilities 2,295 1,451
Deferred income taxes 558 387
Pension and other postretirement benefits 1,044 1,672
Other liabilities 483 403
Long-term debt 9,110 7,968
Total liabilities 13,490 11,881
Equity:    
Common stock, $0.01 par value (1,750,000 authorized shares, 245,021 and 244,416 issued, and outstanding at December 31, 2022 and December 31, 2021, respectively) 2 2
Additional paid-in capital 4,198 4,124
Retained earnings 855 414
Accumulated other comprehensive income, net of tax 79 60
Total equity 5,134 4,600
Total liabilities and equity $ 18,624 $ 16,481