v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES    
Net income $ 561 $ 731
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 365 374
Deferred income taxes 18 (15)
Provision for uncollectible accounts 20 29
Changes in current assets and liabilities:    
Accounts receivable (3) (14)
Accounts payable (29) (12)
Accrued income and other taxes (9) (12)
Other current assets and liabilities, net (4) (39)
Changes in other assets and liabilities, net 24 15
Changes in affiliate obligations, net (25) (27)
Other, net 15 (11)
Net cash provided by operating activities 933 1,019
INVESTING ACTIVITIES    
Capital expenditures (407) (545)
Changes in advances to affiliates 365  
Changes in advances to affiliates   (195)
Net increase in note receivable - affiliates (900) 0
Proceeds from sale of property, plant and equipment and other assets 7 5
Net cash used in investing activities (935) (735)
FINANCING ACTIVITIES    
Payments of long-term debt 0 (215)
Changes in advances from affiliates 0 (61)
Net cash used in financing activities 0 (276)
Net (decrease) increase in cash, cash equivalents and restricted cash (2) 8
Cash, cash equivalents and restricted cash at beginning of period 28 12
Cash, cash equivalents and restricted cash at end of period 26 20
Supplemental cash flow information:    
Income taxes paid, net (166) (262)
Interest paid, including affiliate interest (net of capitalized interest of $19 and $38) (47) (33)
Supplemental noncash information regarding financing activities:    
Repayment of long-term debt in exchange for reductions of advances from affiliates 0 215
Cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 25 18
Restricted cash included in Other assets, net 1 2
Total $ 26 $ 20