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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 523 $ 453
Adjustments to reconcile to net cash flows provided by operating activities:    
Depreciation and amortization 430 404
Deferred income taxes and amortization of investment tax credits 163 142
Provision for losses on accounts receivable 18 22
(Gain) on asset dispositions and purchases (9) (20)
Impairment charge 0 57
Pension and non-pension postretirement benefits 13 19
Other non-cash, net (51) 27
Changes in assets and liabilities:    
Receivables and unbilled revenues (54) (70)
Pension and postretirement benefit contributions (23) (11)
Accounts payable and accrued liabilities (16) (23)
Other assets and liabilities, net (45) 32
Impact of Freedom Industries settlement activities (4) (40)
Net cash provided by operating activities 945 992
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (1,115) (1,136)
Acquisitions, net of cash acquired (85) (381)
Proceeds from sale of assets 17 33
Removal costs from property, plant and equipment retirements, net (71) (61)
Net cash used in investing activities (1,254) (1,545)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from long-term debt 1,191 1,355
Repayments of long-term debt (153) (330)
Net short-term borrowings with maturities less than three months (491) (341)
Proceeds from issuance of common stock 0 183
Proceeds from issuances of employee stock plans and direct stock purchase plan, net of taxes paid of $11 and $7 for the nine months ended September 30, 2019 and 2018, respectively 13 8
Advances and contributions for construction, net of refunds of $25 and $20 for the nine months ended September 30, 2019 and 2018, respectively 16 15
Debt issuance costs (11) (12)
Make-whole premium on early debt redemption 0 (10)
Dividends paid (263) (237)
Anti-dilutive share repurchases (36) (45)
Net cash provided by financing activities 266 586
Net (decrease) increase in cash, cash equivalents and restricted funds (43) 33
Cash, cash equivalents and restricted funds at beginning of period 159 83
Cash, cash equivalents and restricted funds at end of period 116 116
Non-cash investing activity:    
Capital expenditures acquired on account but unpaid as of the end of period $ 245 $ 187