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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
OPERATING ACTIVITIES      
Net (loss) income $ (1,327) $ 1,487 $ (831)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 685 753 823
Net loss on disposal group held for sale 235 0 0
Goodwill impairment 2,012 0 2,405
Deferred income taxes 125 37 22
Provision for uncollectible accounts 39 45 66
Changes in current assets and liabilities:      
Accounts receivable (23) (11) 20
Accounts payable (50) 14 14
Accrued income and other taxes 4 10 7
Other current assets and liabilities, net 57 (49) (97)
Changes in other assets and liabilities, net 26 (8) 17
Changes in affiliate obligations, net (49) (55) (62)
Other, net 28 (29) 5
Net cash provided by operating activities 1,762 2,194 2,389
INVESTING ACTIVITIES      
Capital expenditures (824) (1,047) (1,062)
Changes in advances to affiliates 236   569
Changes in advances to affiliates   (902)  
Net increase in note receivable - affiliates (937) 0 0
Proceeds from sale of property, plant and equipment and other assets 13 58 27
Net cash used in investing activities (1,512) (1,891) (466)
FINANCING ACTIVITIES      
Payments of long-term debt (238) (226) (2)
Dividends paid 0 0 (1,980)
Changes in advances from affiliates 0 (61) 61
Net cash used in financing activities (238) (287) (1,921)
Net increase in cash, cash equivalents and restricted cash 12 16 2
Cash, cash equivalents and restricted cash at beginning of period 28 12 10
Cash, cash equivalents and restricted cash at end of period 40 28 12
Supplemental cash flow information:      
Income taxes paid, net (199) (497) (509)
Interest paid, including affiliate interest (net of capitalized interest of $35, $75 and $54) (98) (63) (97)
Supplemental noncash information of financing activities:      
Dividend to parent in exchange for advances to affiliates 0 0 (1,980)
Cash, cash equivalents and restricted cash:      
Cash and cash equivalents 39 26 10
Restricted cash - noncurrent 1 2 2
Total $ 40 $ 28 $ 12