CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) $ in Millions	3 Months Ended
	Mar. 31, 2026 USD ($)	Mar. 31, 2025 USD ($)
OPERATING ACTIVITIES
NET INCOME	$ 924	$ 791
PRINCIPAL NON-CASH CHARGES (CREDITS) TO INCOME
Depreciation and amortization	572	564
Deferred income taxes	351	247
Rate case amortization and accruals	(28)	64
Common equity component of allowance for funds used during construction	(22)	(18)
Gain on sale of interest in Mountain Valley Pipeline, LLC	(189)	0
Other non-cash items, net	13	(18)
CHANGES IN ASSETS AND LIABILITIES
Accounts receivable – customers, net	(202)	(305)
Unbilled revenue and net unbilled revenue deferrals	(45)	(7)
Other receivables, net and other current assets	37	28
Taxes receivable	(43)	26
Prepayments	(691)	(554)
Accounts payable	(220)	(140)
Pensions and retiree benefits obligations, net	(118)	(148)
Pensions and retiree benefits contributions	(6)	(5)
Accrued taxes	(1)	12
Accrued interest	143	137
Superfund and other environmental costs, net	(2)	(10)
Distributions from equity investments	15	16
Deferred charges, noncurrent assets, leases, net and other regulatory assets	(312)	(151)
Deferred credits, noncurrent liabilities and other regulatory liabilities	110	299
Other current liabilities	(112)	9
NET CASH FLOWS FROM OPERATING ACTIVITIES	174	837
INVESTING ACTIVITIES
Utility capital expenditures	(1,172)	(1,155)
Cost of removal less salvage	(106)	(107)
Non-utility capital expenditures	(1)	0
Proceeds from sale of interest in Mountain Valley Pipeline, LLC	358	0
Proceeds from sale of Broken Bow II, net of cash and cash equivalents sold	0	45
Other investing activities	(15)	(14)
NET CASH FLOWS USED IN INVESTING ACTIVITIES	(936)	(1,231)
FINANCING ACTIVITIES
Net payment of short-term debt (Maturities 90 days or less)	(406)	(1,820)
Payment of short-term debt (Maturities greater than 90 days)	(300)	0
Borrowing under term loan	0	200
Repayment of term loan	(500)	0
Debt issuance costs	(1)	(1)
Common stock dividends	(308)	(282)
Issuance of common shares - public offering	776	1,308
Issuance of common shares for stock plans	18	16
NET CASH FLOWS USED IN FINANCING ACTIVITIES	(721)	(579)
CASH, TEMPORARY CASH INVESTMENTS, AND RESTRICTED CASH:
NET CHANGE FOR THE PERIOD	(1,483)	(973)
BALANCE AT BEGINNING OF PERIOD	1,630	1,333
BALANCE AT END OF PERIOD	147	360
Cash paid (received) during the period for:
Interest, net of capitalized interest	168	149
Income taxes	(7)	(33)
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION
Capital expenditures in accounts payable	732	416
Issuance of common shares for dividend reinvestment	12
Equipment
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION
Equipment acquired but unpaid as of end of period	$ 0	$ 6