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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
OPERATING REVENUE        
Total operating revenue $ 1,450 $ 1,618 $ 4,458 $ 4,906
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 416 427 1,207 1,249
Selling, general and administrative 118 138 362 361
Operating expenses - affiliates 225 176 600 536
Depreciation and amortization 207 217 607 640
Total operating expenses 966 958 2,776 2,786
OPERATING INCOME 484 660 1,682 2,120
OTHER (EXPENSE) INCOME        
Interest expense (23) (28) (75) (84)
Other income, net 1 (1) 5 4
Total other expense, net (17) (43) (63) (135)
INCOME BEFORE INCOME TAXES 467 617 1,619 1,985
Income tax expense 126 158 426 506
NET INCOME 341 459 1,193 1,479
Affiliated entity        
OTHER (EXPENSE) INCOME        
Interest income 5 14 7 55
Non-affiliate services        
OPERATING REVENUE        
Total operating revenue 924 1,024 2,869 3,148
Affiliate services        
OPERATING REVENUE        
Total operating revenue $ 526 $ 594 $ 1,589 $ 1,758