XML 18 R6.htm IDEA: XBRL DOCUMENT v3.22.2
UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net income $ 2,771 $ 2,509
Reconciliation of net income to net cash flows provided by operating activities:    
Depreciation and accretion 891 852
Amortization of intangible assets 86 74
Amortization of major maintenance costs for reaction-based plants 25 10
Other amortization expense 115 123
Impairment of assets other than goodwill 19 84
Equity in income of unconsolidated affiliates (224) (310)
Distributions received from unconsolidated affiliates attributable to earnings 224 262
Net losses attributable to asset sales and related matters 2 11
Deferred income tax expense 16 24
Change in fair market value of derivative instruments 94 (39)
Non-cash expense related to long-term operating leases 27 19
Net effect of changes in operating accounts 218 399
Other operating activities 0 (1)
Net cash flows provided by operating activities 4,264 4,017
Investing activities:    
Capital expenditures (731) (1,301)
Cash used for business combinations, net of cash received (3,204) 0
Investments in unconsolidated affiliates 0 (1)
Distributions received from unconsolidated affiliates attributable to the return of capital 55 37
Proceeds from asset sales 14 50
Other investing activities (2) (14)
Cash used in investing activities (3,868) (1,229)
Financing activities:    
Borrowings under debt agreements 42,112 9,797
Repayments of debt (42,872) (11,122)
Monetization of interest rate derivative instruments 0 75
Cash distributions paid to common unitholders (2,026) (1,965)
Cash payments made in connection with distribution equivalent rights (17) (15)
Cash distributions paid to noncontrolling interests (82) (71)
Cash contributions from noncontrolling interests 4 18
Repurchase of common units under 2019 Buyback Program (35) (14)
Other financing activities (48) (38)
Cash used in financing activities (2,964) (3,335)
Net change in cash and cash equivalents, including restricted cash (2,568) (547)
Cash and cash equivalents, including restricted cash, at beginning of period 2,965 1,158
Cash and cash equivalents, including restricted cash, at end of period $ 397 $ 611