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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES      
Net (loss) income $ (831) $ 1,919 $ 2,107
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 823 860 1,009
Goodwill impairment 2,405 0 0
Deferred income taxes 22 20 27
Provision for uncollectible accounts 66 60 27
Accrued interest on affiliate note 0 28 57
Net loss on early retirement of debt 0 0 8
Changes in current assets and liabilities:      
Accounts receivable 20 (68) 36
Accounts payable 14 (29) (41)
Accrued income and other taxes 7 (5) (1)
Other current assets and liabilities, net (97) (26) (176)
Changes in other noncurrent assets and liabilities, net 17 (28) (13)
Changes in affiliate obligations, net (62) (90) (12)
Other, net 5 (15) 5
Net cash provided by operating activities 2,389 2,626 3,033
INVESTING ACTIVITIES      
Capital expenditures (1,062) (849) (797)
Changes in advances to affiliates 569   0
Changes in advances to affiliates   (576)  
Proceeds from sale of property, plant and equipment and other assets 27 76 46
Net cash used in investing activities (466) (1,349) (751)
FINANCING ACTIVITIES      
Payment of note payable - affiliate 0 (1,215) 0
Payments of long-term debt (2) (1) (1,186)
Dividends paid (1,980) 0 (570)
Changes in advances from affiliates 61 (55) (537)
Net cash used in financing activities (1,921) (1,271) (2,293)
Net increase (decrease) in cash, cash equivalents and restricted cash 2 6 (11)
Cash, cash equivalents and restricted cash at beginning of period 10 4 15
Cash, cash equivalents and restricted cash at end of period 12 10 4
Supplemental cash flow information:      
Income taxes paid, net (509) (673) (697)
Interest paid, including affiliate interest (net of capitalized interest of $54, $29 and $19) (97) (113) (188)
Supplemental noncash information of investing activities:      
Sale of property, plant and equipment in exchange for receivable 0 0 56
Supplemental noncash information of financing activities:      
Dividend to parent in exchange for advances to affiliates (1,980) 0 0
Cash, cash equivalents and restricted cash:      
Cash and cash equivalents 10 8 2
Restricted cash - noncurrent 2 2 2
Total $ 12 $ 10 $ 4