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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 412 $ 750
Accounts receivable, less allowances of $67 and $66, respectively 430 379
Prepaid expenses 82 67
Income taxes and other current assets 101 64
Total current assets 1,025 1,260
Property, plant and equipment, net 16,785 15,678
Other intangibles, net 3,104 3,264
Other assets 351 412
Total assets 21,265 20,614
Current liabilities:    
Long-term debt due within one year 10 10
Accounts payable and accrued liabilities 1,196 1,033
Advanced billings 191 180
Accrued other taxes 111 124
Accrued interest 137 128
Pension and other postretirement benefits 39 39
Other current liabilities 1,186 775
Total current liabilities 2,870 2,289
Deferred income taxes 576 609
Pension and other postretirement benefits 502 591
Other liabilities 696 633
Long-term debt 11,860 11,551
Total liabilities 16,504 15,673
Equity:    
Common stock, $0.01 par value (1,750,000 authorized shares, 250,299 and 249,695 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively) 3 3
Additional paid-in capital 4,315 4,299
Retained earnings 375 562
Accumulated other comprehensive income, net of tax 68 77
Total equity 4,761 4,941
Total liabilities and equity $ 21,265 $ 20,614