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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING REVENUE    
Total operating revenue [1] $ 1,918 $ 2,030
OPERATING EXPENSES    
Cost of services and products (exclusive of depreciation and amortization) [1] 473 582
Selling, general and administrative 143 157
Operating expenses - affiliates 195 195
Depreciation and amortization 328 336
Total Operating Expenses [1] 1,139 1,270
OPERATING INCOME 779 760
OTHER (EXPENSE) INCOME    
Interest expense (75) (95)
Interest expense - affiliates, net (16) (16)
Other (expense) income, net (8) 9
Total other expense, net (99) (102)
INCOME BEFORE INCOME TAXES 680 658
Income tax expense 177 171
NET INCOME 503 487
Non-affiliate services    
OPERATING REVENUE    
Total operating revenue [1] 1,235 1,308
Affiliate Services    
OPERATING REVENUE    
Total operating revenue $ 683 $ 722
[1]
Reclassifications were made within certain 2019 comparative figures due to the retrospective application of an accounting policy election during the first quarter of 2020. Refer to Note 1—Background and our Form 8-K filing dated May 7, 2020 for further information.