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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
OPERATING ACTIVITIES        
Net income $ 121 $ 197 $ 419 $ 486
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 431 429 1,304 1,250
Deferred income taxes     122 124
Changes in current assets and liabilities:        
Accounts receivable     (41) (101)
Accounts payable     (34) (139)
Other assets and liabilities, net     (74) (195)
Other assets and liabilities, affiliate     (780) 364
Changes in other noncurrent assets and liabilities, net     33 116
Other, net     (8) 39
Net cash provided by operating activities     941 1,944
INVESTING ACTIVITIES        
Capital expenditures     (874) (1,124)
Collections on note receivable - affiliate     0 122
Proceeds from sale of property, plant and equipment and other assets     52 105
Net cash used in investing activities     (822) (897)
FINANCING ACTIVITIES        
Net proceeds from issuance of long-term debt     891 2,020
Distributions     (25) (1,075)
Payments of long-term debt     (932) (2,056)
Other     (1) (4)
Net cash used in financing activities     (67) (1,115)
Net increase (decrease) in cash, cash equivalents and restricted cash     52 (68)
Cash, cash equivalents and restricted cash at beginning of period     205 338
Cash, cash equivalents and restricted cash at end of period 257 270 257 270
Supplemental cash flow information:        
Income taxes paid, net     (23) (20)
Interest paid (net of capitalized interest of $11 and $18)     (304) (323)
Cash, cash equivalents and restricted cash:        
Cash and cash equivalents 215 256 215 256
Cash and cash equivalents included in assets held for sale 36 0 36 0
Restricted cash included in Other current assets 2 2 2 2
Restricted cash included in Other, net noncurrent assets 4 12 4 12
Total $ 257 $ 270 $ 257 $ 270