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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
OPERATING REVENUE        
Total operating revenue $ 1,467 $ 1,632 $ 3,008 $ 3,288
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 404 414 791 822
Selling, general and administrative 116 114 244 223
Operating expenses - affiliates 184 184 375 360
Depreciation and amortization 203 213 400 423
Total operating expenses 907 925 1,810 1,828
OPERATING INCOME 560 707 1,198 1,460
OTHER (EXPENSE) INCOME        
Interest expense (25) (29) (52) (56)
Other income, net 3 0 4 5
Total other expense, net (21) (46) (46) (92)
INCOME BEFORE INCOME TAX EXPENSE 539 661 1,152 1,368
Income tax expense 141 169 300 348
NET INCOME 398 492 852 1,020
Related Party | Affiliated entity        
OTHER (EXPENSE) INCOME        
Interest expense   (17)   (41)
Interest income 1   2  
Non-affiliate services        
OPERATING REVENUE        
Total operating revenue 964 1,049 1,945 2,124
Affiliate services        
OPERATING REVENUE        
Total operating revenue $ 503 $ 583 $ 1,063 $ 1,164