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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
OPERATING ACTIVITIES    
Net income $ 1,096 $ 1,193
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 557 607
Deferred income taxes (23) (21)
Provision for uncollectible accounts 35 51
Changes in current assets and liabilities:    
Accounts receivable 9 (9)
Accounts payable (16) 11
Accrued income and other taxes 12 22
Other current assets and liabilities, net (6) (23)
Changes in other noncurrent assets and liabilities, net 30 33
Changes in affiliate obligations, net (41) (46)
Other, net (7) 4
Net cash provided by operating activities 1,646 1,822
INVESTING ACTIVITIES    
Capital expenditures (776) (773)
Changes in advances to affiliates (576) (1,057)
Proceeds from sale of property, plant and equipment and other assets 6 10
Net cash used in investing activities (1,346) (1,820)
FINANCING ACTIVITIES    
Payments of long-term debt (227) (2)
Changes in advances from affiliates (61) 0
Net cash used in financing activities (288) (2)
Net increase in cash, cash equivalents and restricted cash 12 0
Cash, cash equivalents and restricted cash at beginning of period 12 10
Cash, cash equivalents and restricted cash at end of period 24 10
Supplemental cash flow information:    
Income taxes paid, net (393) (423)
Interest paid, including affiliate interest (net of capitalized interest of $60 and $37) (47) (79)
Repayment of long-term debt in exchange for advances from affiliates 215 0
Cash, cash equivalents and restricted cash:    
Cash and cash equivalents 22 8
Restricted cash - noncurrent 2 2
Total $ 24 $ 10