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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
OPERATING REVENUES        
Operating revenues $ 1,573 $ 1,618 $ 3,172 $ 3,254
Operating revenues - affiliates 650 604 1,304 1,185
Total operating revenues 2,223 2,222 4,476 4,439
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 731 743 1,439 1,435
Selling, general and administrative 235 256 485 526
Operating expenses - affiliates 231 238 482 486
Depreciation and amortization 424 464 843 926
Total operating expenses 1,621 1,701 3,249 3,373
OPERATING INCOME 602 521 1,227 1,066
OTHER (EXPENSE) INCOME        
Interest expense (120) (119) (241) (237)
Interest expense - affiliates, net (15) (13) (29) (26)
Other income, net 0 1 2 1
Total other expense, net (135) (131) (268) (262)
Income before income tax expense 467 390 959 804
Income tax expense 179 152 367 319
NET INCOME $ 288 $ 238 $ 592 $ 485