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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
OPERATING ACTIVITIES    
Net income $ 482 $ 503
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 317 328
Deferred income taxes (7) (11)
Provision for uncollectible accounts 7 13
Accrued interest on affiliate note 28 31
Net loss on early retirement of debt 8 12
Changes in current assets and liabilities:    
Accounts receivable 17 36
Accounts payable (7) (20)
Accrued income and other taxes 30 67
Other current assets and liabilities, net (64) (154)
Other current assets and liabilities - affiliates, net 0 (16)
Changes in other noncurrent assets and liabilities, net (14) 10
Changes in affiliate obligations, net 5 (18)
Other, net 12 4
Net cash provided by operating activities 814 785
INVESTING ACTIVITIES    
Capital expenditures (219) (317)
Changes in advances to affiliates 0 1,147
Proceeds from sale of property, plant and equipment and other assets 8 0
Net cash (used in) provided by investing activities (211) 830
FINANCING ACTIVITIES    
Payments of long-term debt (235) (1,109)
Dividends paid (300) (500)
Changes in advances from affiliates (72) 0
Net cash used in financing activities (607) (1,609)
Net (decrease) increase in cash, cash equivalents and restricted cash (4) 6
Cash, cash equivalents and restricted cash at beginning of period 15 4
Cash, cash equivalents and restricted cash at end of period 11 10
Supplemental cash flow information:    
Income taxes paid, net (172) (179)
Interest paid (net of capitalized interest of $5 and $10) (37) (81)
Cash, cash equivalents and restricted cash:    
Total $ 11 $ 10