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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES    
Net income $ 1,020 $ 991
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 423 548
Deferred income taxes (3) (16)
Provision for uncollectible accounts 16 12
Accrued interest on affiliate note 28 28
Net loss on early retirement of debt 0 8
Changes in current assets and liabilities:    
Accounts receivable (12) 25
Accounts payable (16) (23)
Accrued income and other taxes (3) 15
Other current assets and liabilities, net (65) (52)
Changes in other noncurrent assets and liabilities, net (9) 2
Changes in affiliate obligations, net (26) (9)
Other, net 5 21
Net cash provided by operating activities 1,358 1,550
INVESTING ACTIVITIES    
Capital expenditures (350) (372)
Payments for advances to affiliates (993) 0
Proceeds from sale of property, plant and equipment and other assets 42 9
Net cash used in investing activities (1,301) (363)
FINANCING ACTIVITIES    
Payments of long-term debt 0 (235)
Dividends paid 0 (570)
Changes in advances from affiliates (55) (389)
Net cash used in financing activities (55) (1,194)
Net increase (decrease) in cash, cash equivalents and restricted cash 2 (7)
Cash, cash equivalents and restricted cash at beginning of period 4 15
Cash, cash equivalents and restricted cash at end of period 6 8
Supplemental cash flow information:    
Income taxes paid, net (343) (352)
Interest paid (net of capitalized interest of $13 and $9) (56) (97)
Cash, cash equivalents and restricted cash:    
Cash and cash equivalents 5 7
Restricted cash - noncurrent 1 1
Total $ 6 $ 8