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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
OPERATING REVENUE        
Total operating revenue $ 1,730 $ 1,801 $ 5,246 $ 5,518
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 426 528 1,305 1,491
Selling, general and administrative 36 128 249 410
Operating expenses—affiliates 177 198 561 557
Depreciation and amortization 232 330 780 985
Total operating expenses 871 1,184 2,895 3,443
OPERATING INCOME 859 617 2,351 2,075
OTHER (EXPENSE) INCOME        
Interest expense (47) (69) (142) (219)
Interest expense—affiliate, net (25) (18) (87) (50)
Other expense, net (3) (18) (7) (31)
Total other expense, net (75) (105) (236) (300)
INCOME BEFORE INCOME TAX EXPENSE 784 512 2,115 1,775
Income tax expense 202 133 542 463
NET INCOME 582 379 1,573 1,312
Non-affiliate services        
OPERATING REVENUE        
Total operating revenue 1,135 1,200 3,452 3,642
Affiliate Services [Member]        
OPERATING REVENUE        
Total operating revenue $ 595 $ 601 $ 1,794 $ 1,876