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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
OPERATING REVENUE        
Total operating revenue $ 2,039 $ 2,149 $ 6,145 $ 6,380
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 630 697 1,825 2,106
Selling, general and administrative 131 172 445 602
Operating expenses - affiliates 186 203 600 616
Depreciation and amortization 344 360 1,017 1,081
Total operating expenses 1,291 1,432 3,887 4,405
OPERATING INCOME 748 717 2,258 1,975
OTHER (EXPENSE) INCOME        
Interest expense (95) (112) (286) (350)
Interest expense - affiliates, net (15) (15) (46) (42)
Other income, net 5 (26) 19 (1)
Total other expense, net (105) (153) (313) (393)
INCOME BEFORE INCOME TAXES 643 564 1,945 1,582
Income tax expense 166 111 504 322
NET INCOME 477 453 1,441 1,260
Non-affiliate services        
OPERATING REVENUE        
Total operating revenue 1,338 1,397 4,002 4,209
Affiliate Services        
OPERATING REVENUE        
Total operating revenue $ 701 $ 752 $ 2,143 $ 2,171