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Statements of Cash Flows - MPC - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities:      
Net Income $ 3,849 $ 3,428 $ 2,309
Adjustments to reconcile consolidated net income to net cash provided from operating activities —      
Depreciation and amortization, total 4,986 4,064 3,973
Deferred income taxes 63 670 (49)
Pension, postretirement, and other employee benefits (527) (436) (305)
Settlement of asset retirement obligations (617) (455) (456)
Retail fuel cost under recovery – long-term (206) (2,166) (536)
Other, net (138) (25) (89)
Changes in certain current assets and liabilities —      
-Receivables 482 (771) (77)
-Materials and supplies (345) (160) (130)
-Other current assets (106) (186) (270)
-Accounts payable (863) 1,021 (8)
-Other current liabilities 214 204 (258)
Net cash provided from operating activities 7,553 6,302 6,169
Investing Activities:      
Property additions (9,095) (7,923) (7,586)
Cost of removal net of salvage (592) (649) (442)
Payments pursuant to LTSAs (99) (190) (188)
Other investing activities (43) (133) 75
Net cash used for investing activities (9,668) (8,430) (7,353)
Financing Activities:      
Increase (decrease) in notes payable, net   (337)  
Redemptions —      
Payment of common stock dividends (3,035) (2,907) (2,777)
Other financing activities (160) (218) (266)
Net cash provided from financing activities 999 2,336 1,945
Net Change in Cash, Cash Equivalents, and Restricted Cash (1,116) 208 761
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 2,037 1,829 1,068
Cash, Cash Equivalents, and Restricted Cash at End of Year 921 2,037 1,829
Supplemental Cash Flow Information:      
Interest 2,184 1,758 1,718
Income taxes, net 132 146 93
Noncash transactions —      
Accrued property additions at year-end 1,027 1,024 866
Mississippi Power      
Operating Activities:      
Net Income 188 164 159
Adjustments to reconcile consolidated net income to net cash provided from operating activities —      
Depreciation and amortization, total 232 223 213
Deferred income taxes (13) (6) (4)
Pension, postretirement, and other employee benefits (20) (18) (10)
Settlement of asset retirement obligations (18) (20) (24)
System restoration rider and reliability reserve accruals 23 32 (2)
Retail fuel cost under recovery – long-term (50) 0 0
Other, net (5) 21 (21)
Changes in certain current assets and liabilities —      
-Receivables 85 (82) 9
-Materials and supplies (9) (10) (6)
-Other current assets 7 (15) 0
-Accounts payable (81) 97 (35)
-Accrued taxes (7) 5 6
-Retail fuel cost over recovery 27 0 (24)
-Other current liabilities 10 (8) (15)
Net cash provided from operating activities 369 383 246
Investing Activities:      
Property additions (319) (257) (198)
Cost of removal net of salvage (32) (27) (20)
Payments pursuant to LTSAs (26) (29) (29)
Other investing activities 7 (4) (10)
Net cash used for investing activities (370) (317) (257)
Financing Activities:      
Increase (decrease) in notes payable, net 0 0 (25)
Proceeds —      
Senior notes 100 0 525
Revenue bonds 0 35 0
Redemptions —      
Revenue bonds 0 0 (320)
Other long-term debt 0 0 (100)
Capital contributions from parent company 68 68 120
Payment of common stock dividends (185) (170) (157)
Other financing activities (3) (1) (10)
Net cash provided from financing activities (20) (68) 33
Net Change in Cash, Cash Equivalents, and Restricted Cash (21) (2) 22
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 59 61 39
Cash, Cash Equivalents, and Restricted Cash at End of Year 38 59 61
Supplemental Cash Flow Information:      
Interest 66 55 58
Income taxes, net 52 33 16
Noncash transactions —      
Accrued property additions at year-end $ 34 $ 22 $ 25