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STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:      
Net income (loss) $ 1,486,000,000 $ (773,000,000) $ 791,000,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,316,000,000 1,189,000,000 1,225,000,000
Deferred income taxes 213,000,000 (429,000,000) 69,000,000
Goodwill impairment and loss from reclassification to held for sale 0 175,000,000 48,000,000
Goodwill impairment 0 185,000,000 0
Loss (gain) on equity securities 172,000,000 (49,000,000) (282,000,000)
Loss (gain) on indexed debt securities (50,000,000) 60,000,000 292,000,000
Equity in (earnings) losses of unconsolidated affiliates (339,000,000) 1,428,000,000 (230,000,000)
Distributions from unconsolidated affiliates 155,000,000 113,000,000 261,000,000
Pension contributions (61,000,000) (86,000,000) (109,000,000)
Changes in other assets and liabilities, excluding acquisitions:      
Accounts receivable and unbilled revenues, net (98,000,000) 90,000,000 226,000,000
Inventory (140,000,000) 9,000,000 (52,000,000)
Taxes receivable 81,000,000 24,000,000 (106,000,000)
Accounts payable 175,000,000 2,000,000 (455,000,000)
Net regulatory assets and liabilities (2,295,000,000) (107,000,000) (22,000,000)
Other current assets and liabilities 56,000,000 104,000,000 (195,000,000)
Other assets and liabilities (53,000,000) 25,000,000 49,000,000
Other operating activities, net 85,000,000 35,000,000 128,000,000
Net cash provided by operating activities 22,000,000 1,995,000,000 1,638,000,000
Cash Flows from Investing Activities:      
Capital expenditures (3,164,000,000) (2,596,000,000) (2,506,000,000)
Acquisitions, net of cash acquired 0 0 (5,991,000,000)
Transaction costs related to Enable Merger (Note 4) (49,000,000) 0 0
Cash received related to Enable Merger 5,000,000 0 0
Distributions from unconsolidated affiliates in excess of cumulative earnings 0 80,000,000 42,000,000
Proceeds from sale of equity securities, net of transaction costs 1,320,000,000 0 0
Proceeds from divestitures (Note 4) 22,000,000 1,215,000,000 0
Other investing activities, net 15,000,000 36,000,000 34,000,000
Net cash used in investing activities (1,851,000,000) (1,265,000,000) (8,421,000,000)
Cash Flows from Financing Activities:      
Decrease in short-term borrowings, net (27,000,000) 0 0
Payment of obligation for finance lease (179,000,000) 0 0
Borrowings from revolving credit facilities 0 1,050,000,000 135,000,000
Repayments of revolving credit facilities 0 (1,050,000,000) (135,000,000)
Proceeds from (payments of) commercial paper, net 1,132,000,000 (761,000,000) 1,891,000,000
Proceeds from long-term debt 4,493,000,000 799,000,000 2,916,000,000
Payments of long-term debt, including make-whole premiums (2,968,000,000) (1,724,000,000) (1,302,000,000)
Payment of debt issuance costs (38,000,000) (8,000,000) (20,000,000)
Payment of dividends on Common Stock (385,000,000) (392,000,000) (577,000,000)
Payment of dividends on Preferred Stock (107,000,000) (137,000,000) (118,000,000)
Proceeds from issuance of Common Stock, net 0 672,000,000 0
Proceeds from issuance of Series C Preferred stock, net 0 723,000,000 0
Other financing activities, net (5,000,000) (6,000,000) (14,000,000)
Net cash provided by (used in) financing activities 1,916,000,000 (834,000,000) 2,776,000,000
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 87,000,000 (104,000,000) (4,007,000,000)
Cash, Cash Equivalents and Restricted Cash at Beginning of Year 167,000,000 271,000,000 4,278,000,000
Cash, Cash Equivalents and Restricted Cash at End of Year 254,000,000 167,000,000 271,000,000
Gain on Enable Merger $ (681,000,000) $ 0 $ 0