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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 506 $ 750
Accounts receivable, less allowances of $72 and $66, respectively 416 379
Prepaid expenses 57 67
Income taxes and other current assets 103 64
Total current assets 1,082 1,260
Property, plant and equipment, net 16,221 15,678
Other intangibles, net 3,184 3,264
Other assets 411 412
Total assets 20,898 20,614
Current liabilities:    
Long-term debt due within one year 10 10
Accounts payable and accrued liabilities 1,119 1,033
Advanced billings 191 180
Accrued other taxes 100 124
Accrued interest 193 128
Pension and other postretirement benefits 39 39
Other current liabilities 946 775
Total current liabilities 2,598 2,289
Deferred income taxes 595 609
Pension and other postretirement benefits 531 591
Other liabilities 664 633
Long-term debt 11,633 11,551
Total liabilities 16,021 15,673
Equity:    
Common stock, $0.01 par value (1,750,000 authorized shares, 250,226 and 249,695 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively) 3 3
Additional paid-in capital 4,304 4,299
Retained earnings 498 562
Accumulated other comprehensive income, net of tax 72 77
Total equity 4,877 4,941
Total liabilities and equity $ 20,898 $ 20,614