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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
OPERATING REVENUE        
Total operating revenue $ 1,618 $ 1,730 $ 4,906 $ 5,246
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 427 426 1,249 1,305
Selling, general and administrative 138 36 361 249
Operating expenses—affiliates 176 177 536 561
Depreciation and amortization 217 232 640 780
Total operating expenses 958 871 2,786 2,895
OPERATING INCOME 660 859 2,120 2,351
OTHER (EXPENSE) INCOME        
Interest expense (28) (47) (84) (142)
Interest expense—affiliate, net (14) (25) (55) (87)
Other (expense) income, net (1) (3) 4 (7)
Total other expense, net (43) (75) (135) (236)
INCOME BEFORE INCOME TAX EXPENSE 617 784 1,985 2,115
Income tax expense 158 202 506 542
NET INCOME 459 582 1,479 1,573
Non-affiliate services        
OPERATING REVENUE        
Total operating revenue 1,024 1,135 3,148 3,452
Affiliate Services        
OPERATING REVENUE        
Total operating revenue $ 594 $ 595 $ 1,758 $ 1,794