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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
OPERATING REVENUE        
Total operating revenue $ 1,801 $ 2,011 $ 5,518 $ 6,069
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 528 602 1,491 1,749
Selling, general and administrative 128 131 410 445
Operating expenses - affiliates 198 186 557 600
Depreciation and amortization 330 344 985 1,017
Total operating expenses 1,184 1,263 3,443 3,811
OPERATING INCOME 617 748 2,075 2,258
OTHER (EXPENSE) INCOME        
Interest expense (69) (95) (219) (286)
Interest expense - affiliates, net (18) (15) (50) (46)
Other (expense) income, net (18) 5 (31) 19
Total other expense, net (105) (105) (300) (313)
INCOME BEFORE INCOME TAXES 512 643 1,775 1,945
Income tax expense 133 166 463 504
NET INCOME 379 477 1,312 1,441
Non-affiliate services        
OPERATING REVENUE        
Total operating revenue 1,200 1,310 3,642 3,926
Affiliate services        
OPERATING REVENUE        
Total operating revenue $ 601 $ 701 $ 1,876 $ 2,143