v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net Income $ 222 $ 200
Adjustments to reconcile Net Income to Net cash and cash equivalents from operating activities:    
Depreciation and amortization 126 103
Stock-based compensation 12 11
Amortization of operating lease right-of-use assets 9 9
Deferred income taxes 61 59
Earnings from equity method investees (67) (85)
Dividends from equity method investees 59 88
Changes in assets and liabilities:    
Accounts receivable, net (1) 11
Accounts payable (13) (4)
Contract liabilities 11 16
Other current and noncurrent assets and liabilities 13 (2)
Net cash and cash equivalents from operating activities 432 406
Investing Activities    
Plant and equipment expenditures (152) (179)
Acquisition accounted for as a business combination (purchase price adjustment) 10 0
Distributions from equity method investees 19 37
Contributions to equity method investees (2) (1)
Other investing activities 1 0
Net cash and cash equivalents used for investing activities (124) (143)
Financing Activities    
Borrowings under the Revolving Credit Facility 165 155
Repayment of borrowings under the Revolving Credit Facility (290) (250)
Distributions to noncontrolling interests (9) (9)
Contributions from noncontrolling interests 5 1
Dividends paid on common stock (158) (138)
Other financing activities (15) (5)
Net cash and cash equivalents used for financing activities (302) (246)
Net Increase in Cash and Cash Equivalents 6 17
Cash and Cash Equivalents at Beginning of Period 68 56
Cash and Cash Equivalents at End of Period 74 73
Cash paid for:    
Interest, net of interest capitalized 76 74
Income taxes, net of refunds received 2 3
Supplemental disclosure of non-cash investing and financing activities    
Plant and equipment expenditures in accounts payable and other accrued liabilities $ 68 $ 48