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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES:    
Net income (loss) $ 392 $ 435
Adjustments to reconcile to net cash provided (used) by operating activities:    
Depreciation and amortization 498 438
Provision (benefit) for deferred income taxes 115 144
Equity (earnings) losses (136) (131)
Distributions from unconsolidated affiliates 212 176
Net unrealized (gain) loss from derivative instruments 123 0
Amortization of stock-based awards 21 20
Cash provided (used) by changes in current assets and liabilities:    
Accounts receivable (3) (59)
Inventories 178 (8)
Other current assets and deferred charges (65) (6)
Accounts payable (138) 38
Accrued liabilities (149) (116)
Changes in current and noncurrent derivative assets and liabilities 101 (6)
Other, including changes in noncurrent assets and liabilities (67) (10)
Net cash provided (used) by operating activities 1,082 915
FINANCING ACTIVITIES:    
Proceeds from long-term debt 3 897
Payments of long-term debt (1,256) (5)
Proceeds from issuance of common stock 37 3
Common dividends paid (518) (498)
Dividends and distributions paid to noncontrolling interests (37) (54)
Contributions from noncontrolling interests 3 2
Payments for debt issuance costs 0 (6)
Other – net (30) (13)
Net cash provided (used) by financing activities (1,798) 326
INVESTING ACTIVITIES:    
Capital expenditures (1) (291) (260)
Dispositions – net (6) (1)
Contributions in aid of construction (3) 19
Purchases of and contributions to equity-method investments (56) (14)
Other – net (4) (1)
Net cash provided (used) by investing activities (360) (257)
Increase (decrease) in cash and cash equivalents (1,076) 984
Cash and cash equivalents at beginning of year 1,680 142
Cash and cash equivalents at end of period 604 1,126
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]    
(1) Increases to property, plant, and equipment (260) (263)
Changes in related accounts payable and accrued liabilities (31) 3
Capital expenditures $ (291) $ (260)