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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
OPERATING ACTIVITIES:      
Net income (loss) $ (1,314) $ 2,339 $ 668
Adjustments to reconcile to net cash provided (used) by operating activities:      
Depreciation and amortization 1,738 1,176 815
Provision (benefit) for deferred income taxes (337) 1,264 424
Impairment of goodwill 1,098 0 0
Impairment of equity-method investments 1,359 0 0
Impairment of and net (gain) loss on sale of Property, plant, and equipment 215 67 29
Amortization of stock-based awards 82 53 37
Gain on remeasurement of equity-method investment 0 (2,544) 0
Cash provided (used) by changes in current assets and liabilities:      
Accounts and notes receivable 39 (276) 35
Inventories 105 (36) (17)
Other current assets and deferred charges 4 (44) 25
Accounts payable (90) (8) (35)
Accrued liabilities 26 (203) 175
Other, including changes in noncurrent assets and liabilities (247) 327 61
Net cash provided (used) by operating activities 2,678 2,115 2,217
FINANCING ACTIVITIES:      
Proceeds from (payments of) commercial paper – net (306) 572 224
Proceeds from long-term debt 9,772 7,321 2,699
Payments of long-term debt (6,516) (1,828) (2,081)
Proceeds from issuance of common stock 27 3,416 18
Proceeds from sale of limited partner units of consolidated partnership 59 55 1,819
Dividends paid (1,836) (1,412) (982)
Dividends and distributions paid to noncontrolling interests (942) (840) (489)
Contributions from noncontrolling interests 111 340 467
Payments for debt issuance costs (35) (40) (15)
Special distribution from Gulfstream 396 0 0
Contribution to Gulfstream for repayment of debt (248) 0 0
Other – net (1) 17 17
Net cash provided (used) by financing activities 481 7,601 1,677
INVESTING ACTIVITIES:      
Capital expenditures (1) (3,167) (4,031) (3,572)
Net proceeds from dispositions 3 34 3
Purchases of businesses, net of cash acquired (112) (5,958) (6)
Purchases of and contributions to equity-method investments (595) (482) (455)
Other – net 572 280 (22)
Net cash provided (used) by investing activities (3,299) (10,157) (4,052)
Increase (decrease) in cash and cash equivalents (140) (441) (158)
Cash and cash equivalents at beginning of year 240 681 839
Cash and cash equivalents at end of year 100 240 681
(1) Increases to property, plant, and equipment (3,024) (3,916) (3,653)
Changes in related accounts payable and accrued liabilities (143) (115) 81
Capital expenditures (1) $ (3,167) $ (4,031) $ (3,572)