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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
OPERATING REVENUES        
Operating revenues $ 1,464 $ 1,573 $ 2,950 $ 3,172
Operating revenues - affiliates 669 650 1,345 1,304
Total operating revenues 2,133 2,223 4,295 4,476
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 723 731 1,443 1,439
Selling, general and administrative 235 235 479 485
Operating expenses - affiliates 209 231 436 482
Depreciation and amortization 393 424 784 843
Total operating expenses 1,560 1,621 3,142 3,249
OPERATING INCOME 573 602 1,153 1,227
OTHER (EXPENSE) INCOME        
Interest expense (117) (120) (231) (241)
Interest expense - affiliates, net (16) (15) (31) (29)
Other (expense) income, net (2) 0 (1) 2
Total other expense, net (135) (135) (263) (268)
INCOME BEFORE INCOME TAX EXPENSE 438 467 890 959
Income tax expense 170 179 344 367
NET INCOME $ 268 $ 288 $ 546 $ 592