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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
OPERATING REVENUE        
Operating revenues $ 1,990 $ 1,971 $ 5,964 $ 5,935
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 897 857 2,643 2,623
Selling, general and administrative 305 300 872 922
Operating expenses - affiliates 116 101 354 274
Depreciation and amortization 431 429 1,304 1,250
Total operating expenses 1,749 1,687 5,173 5,069
OPERATING INCOME 241 284 791 866
OTHER (EXPENSE) INCOME        
Interest income - affiliate 16 13 49 39
Interest expense (90) (99) (272) (301)
Other (expense) income, net (9) 41 1 29
Total other expense, net (83) (45) (222) (233)
INCOME BEFORE INCOME TAXES 158 239 569 633
Income tax expense 37 42 150 147
NET INCOME 121 197 419 486
Non-Affiliate Revenue        
OPERATING REVENUE        
Operating revenues 1,934 1,918 5,797 5,782
Affiliate Services        
OPERATING REVENUE        
Operating revenues $ 56 $ 53 $ 167 $ 153