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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
OPERATING REVENUE        
Total operating revenue $ 1,632 $ 1,724 $ 3,288 $ 3,516
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 414 440 822 879
Selling, general and administrative 114 106 223 213
Operating expenses—affiliates 184 190 360 384
Depreciation and amortization 213 231 423 548
Total operating expenses 925 967 1,828 2,024
OPERATING INCOME 707 757 1,460 1,492
OTHER (EXPENSE) INCOME        
Interest expense (29) (47) (56) (95)
Interest expense—affiliate, net (17) (31) (41) (62)
Other income (expense), net 0 2 5 (4)
Total other expense, net (46) (76) (92) (161)
INCOME BEFORE INCOME TAX EXPENSE 661 681 1,368 1,331
Income tax expense 169 172 348 340
NET INCOME 492 509 1,020 991
Non-affiliate services        
OPERATING REVENUE        
Total operating revenue 1,049 1,147 2,124 2,317
Affiliate Services [Member]        
OPERATING REVENUE        
Total operating revenue $ 583 $ 577 $ 1,164 $ 1,199