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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
OPERATING REVENUES        
Operating revenues $ 1,456 $ 1,554 $ 4,406 $ 4,726
Operating revenues - affiliates 685 672 2,030 1,976
Total operating revenues 2,141 2,226 6,436 6,702
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 742 757 2,185 2,196
Selling, general and administrative 231 232 710 717
Operating expenses - affiliates 211 237 647 719
Depreciation and amortization 397 424 1,181 1,267
Total operating expenses 1,581 1,650 4,723 4,899
OPERATING INCOME 560 576 1,713 1,803
OTHER (EXPENSE) INCOME        
Interest expense (117) (121) (348) (362)
Interest expense - affiliates, net (16) (15) (47) (44)
Other income (expense), net 6 (26) 5 (24)
Total other expense, net (127) (162) (390) (430)
INCOME BEFORE INCOME TAX EXPENSE 433 414 1,323 1,373
Income tax expense 168 159 512 526
NET INCOME $ 265 $ 255 $ 811 $ 847