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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 $ 5,031 $ 5,087 $ 5,946
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,635 2,625 2,528
Deferred income taxes 363 99 10
Other, net (147) (169) (56)
Changes in current assets and liabilities:      
Accounts receivable, net 117 (100) (88)
Materials and supplies (55) (46) (88)
Other current assets 224 173 111
Accounts payable and other current liabilities (543) (370) 388
Net cash provided by operating activities 7,625 7,299 8,751
Investing Activities      
Capital expenditures excluding equipment (3,234) (3,497) (3,355)
Acquisition of equipment (456) (423) (177)
Purchases of investments and investments in time deposits (31) (24) (23)
Other, net (65) (68) (69)
Net cash used for investing activities (3,786) (4,012) (3,624)
Financing Activities      
Proceeds from issuance of long-term debt 1,300 1,600 1,000
Payments on long-term debt and finance leases (1,265) (1,562) (932)
Cash distributions (4,000) (3,100) (5,000)
Other, net (18) (15) (15)
Net cash used for financing activities (3,983) (3,077) (4,947)
Increase (decrease) in cash and cash equivalents (144) 210 180
Cash and cash equivalents:      
Beginning of period 2,148 1,938 1,758
End of period 2,004 2,148 1,938
Supplemental Cash Flow Information      
Interest paid, net of amounts capitalized 1,051 1,047 1,020
Capital investments accrued but not yet paid 232 469 307
Income taxes paid, net of refunds 1,353 1,358 1,749
Non-cash asset financing $ 0 $ 0 $ 176