Dividends

3 Months Ended

Mar. 31, 2020

Dividends [Abstract]

Dividends

Dividends

From time to time we may declare and pay dividends to our direct parent company, QSC, sometimes in excess of our earnings to the extent permitted by applicable law. Our debt covenants do not currently limit the amount of dividends we can pay to QSC.

During the three months ended March 31, 2020 and 2019, we declared and paid dividends of $500 million and $350 million, respectively, to QSC. Dividends paid are reflected on our consolidated statements of cash flows as financing activities.