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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
OPERATING REVENUE        
Operating revenues $ 1,953 $ 1,985 $ 3,899 $ 3,974
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 836 868 1,687 1,746
Selling, general and administrative 318 273 632 567
Operating expenses - affiliates 162 131 308 238
Depreciation and amortization 405 436 801 873
Total operating expenses 1,721 1,708 3,428 3,424
OPERATING INCOME 232 277 471 550
OTHER (EXPENSE) INCOME        
Interest income - affiliate 15 15 31 33
Interest expense (95) (89) (185) (182)
Other (expense) income, net (14) 6 (21) 10
Total other expense, net (94) (68) (175) (139)
INCOME BEFORE INCOME TAXES 138 209 296 411
Income tax expense 41 62 85 113
NET INCOME 97 147 211 298
Non-Affiliate Revenue        
OPERATING REVENUE        
Operating revenues 1,896 1,929 3,786 3,863
Affiliate Services        
OPERATING REVENUE        
Operating revenues $ 57 $ 56 $ 113 $ 111