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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
OPERATING REVENUES        
Operating revenues $ 1,554 $ 1,670 $ 4,726 $ 4,924
Operating revenues - affiliates 672 617 1,976 1,802
Total operating revenues 2,226 2,287 6,702 6,726
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 757 734 2,196 2,169
Selling, general and administrative 232 266 717 792
Operating expenses - affiliates 237 249 719 735
Depreciation and amortization 424 466 1,267 1,392
Total operating expenses 1,650 1,715 4,899 5,088
OPERATING INCOME 576 572 1,803 1,638
OTHER (EXPENSE) INCOME        
Interest expense (121) (119) (362) (356)
Interest expense - affiliates, net (15) (13) (44) (39)
Other expense, net (26) (1) (24) 0
Total other expense, net (162) (133) (430) (395)
INCOME BEFORE INCOME TAX EXPENSE 414 439 1,373 1,243
Income tax expense 159 171 526 490
NET INCOME $ 255 $ 268 $ 847 $ 753