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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
OPERATING REVENUE        
Operating revenues $ 1,819 $ 1,990 $ 5,718 $ 5,964
OPERATING EXPENSES        
Cost of services and products (exclusive of depreciation and amortization) 785 897 2,472 2,643
Selling, general and administrative 269 305 901 872
Gain on sale of business (119) 0 (119) 0
Operating expenses - affiliates 173 116 481 354
Depreciation and amortization 377 431 1,178 1,304
Total operating expenses 1,485 1,749 4,913 5,173
OPERATING INCOME 334 241 805 791
OTHER (EXPENSE) INCOME        
Interest income - affiliate 19 16 50 49
Interest expense (99) (90) (284) (272)
Other (expense) income, net (4) (9) (25) 1
Total other expense, net (84) (83) (259) (222)
INCOME BEFORE INCOME TAXES 250 158 546 569
Income tax expense 312 37 397 150
NET (LOSS) INCOME (62) 121 149 419
Non-Affiliate Revenue        
OPERATING REVENUE        
Operating revenues 1,762 1,934 5,548 5,797
Affiliate Services        
OPERATING REVENUE        
Operating revenues $ 57 $ 56 $ 170 $ 167