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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES      
Net income (loss) $ 1,487 $ (831) $ 1,919
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 753 823 860
Goodwill impairment 0 2,405 0
Deferred income taxes 37 22 20
Provision for uncollectible accounts 45 66 60
Accrued interest on affiliate note 0 0 28
Changes in current assets and liabilities:      
Accounts receivable (11) 20 (68)
Accounts payable 14 14 (29)
Accrued income and other taxes 10 7 (5)
Other current assets and liabilities, net (49) (97) (26)
Changes in other noncurrent assets and liabilities, net (8) 17 (28)
Changes in affiliate obligations, net (55) (62) (90)
Other, net (29) 5 (15)
Net cash provided by operating activities 2,194 2,389 2,626
INVESTING ACTIVITIES      
Capital expenditures (1,047) (1,062) (849)
Changes in advances to affiliates (902)   (576)
Changes in advances to affiliates   569  
Proceeds from sale of property, plant and equipment and other assets 58 27 76
Net cash used in investing activities (1,891) (466) (1,349)
FINANCING ACTIVITIES      
Payment of note payable - affiliate 0 0 (1,215)
Payments of long-term debt (226) (2) (1)
Dividends paid 0 (1,980) 0
Changes in advances from affiliates (61) 61 (55)
Net cash used in financing activities (287) (1,921) (1,271)
Net increase in cash, cash equivalents and restricted cash 16 2 6
Cash, cash equivalents and restricted cash at beginning of period 12 10 4
Cash, cash equivalents and restricted cash at end of period 28 12 10
Supplemental cash flow information:      
Income taxes paid, net (497) (509) (673)
Interest paid, including affiliate interest (net of capitalized interest of $75, $54 and $29) (63) (97) (113)
Supplemental noncash information of financing activities:      
Dividend to parent in exchange for advances to affiliates 0 (1,980) 0
Cash, cash equivalents and restricted cash:      
Cash and cash equivalents 26 10 8
Restricted cash - noncurrent 2 2 2
Total $ 28 $ 12 $ 10