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STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities:      
Net income (loss) $ 1,057,000,000 $ 1,486,000,000 $ (773,000,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 1,288,000,000 1,316,000,000 1,189,000,000
Deferred income taxes 20,000,000 213,000,000 (429,000,000)
Goodwill impairment and loss from reclassification to held for sale 0 0 175,000,000
Goodwill impairment 0 0 185,000,000
Gain on Enable Merger (303,000,000) (681,000,000) 0
Loss (gain) on equity securities 227,000,000 172,000,000 (49,000,000)
Loss (gain) on indexed debt securities (325,000,000) (50,000,000) 60,000,000
Equity in (earnings) losses of unconsolidated affiliates 0 (339,000,000) 1,428,000,000
Distributions from unconsolidated affiliates 0 155,000,000 113,000,000
Pension contributions (35,000,000) (61,000,000) (86,000,000)
Changes in other assets and liabilities:      
Accounts receivable and unbilled revenues, net (461,000,000) (98,000,000) 90,000,000
Inventory (259,000,000) (140,000,000) 9,000,000
Taxes receivable (19,000,000) 81,000,000 24,000,000
Accounts payable 203,000,000 175,000,000 2,000,000
Net regulatory assets and liabilities 234,000,000 (2,295,000,000) (107,000,000)
Other current assets and liabilities (5,000,000) 56,000,000 104,000,000
Other non-current assets and liabilities 109,000,000 (53,000,000) 25,000,000
Other operating activities, net 79,000,000 85,000,000 35,000,000
Net cash provided by operating activities 1,810,000,000 22,000,000 1,995,000,000
Cash Flows from Investing Activities:      
Capital expenditures (4,419,000,000) (3,164,000,000) (2,596,000,000)
Transaction costs related to Enable Merger (Note 4) 0 (49,000,000) 0
Cash received related to Enable Merger 0 5,000,000 0
Distributions from unconsolidated affiliates in excess of cumulative earnings 0 0 80,000,000
Proceeds from sale of equity securities, net of transaction costs 702,000,000 1,320,000,000 0
Proceeds from divestitures (Note 4) 2,075,000,000 22,000,000 1,215,000,000
Other investing activities, net 14,000,000 15,000,000 36,000,000
Net cash used in investing activities (1,628,000,000) (1,851,000,000) (1,265,000,000)
Cash Flows from Financing Activities:      
Increase (decrease) in short-term borrowings, net 452,000,000    
Increase (decrease) in short-term borrowings, net   (27,000,000) 0
Payment of obligation for finance lease (485,000,000) (179,000,000) 0
Borrowings from revolving credit facilities 0 0 1,050,000,000
Repayments of revolving credit facilities 0 0 (1,050,000,000)
Proceeds from (payments of) commercial paper, net (74,000,000) 1,132,000,000 (761,000,000)
Proceeds from long-term debt 2,089,000,000 4,493,000,000 799,000,000
Payments of long-term debt, including make-whole premiums (1,795,000,000) (2,968,000,000) (1,724,000,000)
Payment of debt issuance costs (36,000,000) (38,000,000) (8,000,000)
Payment of dividends on Common Stock (440,000,000) (385,000,000) (392,000,000)
Payment of dividends on Preferred Stock (49,000,000) (107,000,000) (137,000,000)
Proceeds from issuance of Common Stock, net 0 0 672,000,000
Proceeds from issuance of Series C Preferred stock, net 0 0 723,000,000
Other financing activities, net (7,000,000) (5,000,000) (6,000,000)
Net cash provided by (used in) financing activities (345,000,000) 1,916,000,000 (834,000,000)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (163,000,000) 87,000,000 (104,000,000)
Cash, Cash Equivalents and Restricted Cash at Beginning of Year 254,000,000 167,000,000 271,000,000
Cash, Cash Equivalents and Restricted Cash at End of Year $ 91,000,000 $ 254,000,000 $ 167,000,000