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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
OPERATING REVENUE        
Total operating revenue $ 1,799 $ 2,028 $ 3,717 $ 4,058
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 490 565 963 1,147
Selling, general and administrative 139 157 282 314
Operating expenses - affiliates 164 219 359 414
Depreciation and amortization 327 337 655 673
Total operating expenses 1,120 1,278 2,259 2,548
OPERATING INCOME 679 750 1,458 1,510
OTHER (EXPENSE) INCOME        
Interest expense (75) (96) (150) (191)
Interest expense - affiliates, net (16) (15) (32) (31)
Other (expense) income, net (5) 5 (13) 14
Total other expense, net (96) (106) (195) (208)
INCOME BEFORE INCOME TAXES 583 644 1,263 1,302
Income tax expense 153 167 330 338
NET INCOME 430 477 933 964
Non-affiliate services        
OPERATING REVENUE        
Total operating revenue 1,207 1,308 2,442 2,616
Affiliate Services        
OPERATING REVENUE        
Total operating revenue $ 592 $ 720 $ 1,275 $ 1,442