v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net Income $ 250 $ 222
Adjustments to reconcile Net Income to Net cash and cash equivalents from operating activities:    
Depreciation and amortization 137 126
Stock-based compensation 12 12
Amortization of operating lease right-of-use assets 8 9
Deferred income taxes 80 61
Earnings from equity method investees (76) (67)
Dividends from equity method investees 75 59
Gain from financing activities (1) 0
Changes in assets and liabilities:    
Accounts receivable, net 2 (1)
Accounts payable (2) (13)
Contract liabilities 7 11
Other current and noncurrent assets and liabilities 10 13
Net cash and cash equivalents from operating activities 502 432
Investing Activities    
Plant and equipment expenditures (183) (152)
Acquisition accounted for as a business combination (and purchase price adjustment) 0 10
Distributions from equity method investees 21 19
Contributions to equity method investees (10) (2)
Other investing activities 0 1
Net cash and cash equivalents used for investing activities (172) (124)
Financing Activities    
Issuance of long-term debt, net of discount and issuance costs 149 0
Repayment of long-term debt (148) 0
Borrowings under the Revolving Credit Facility 90 165
Repayment of borrowings under the Revolving Credit Facility (90) (290)
Distributions to noncontrolling interests (9) (9)
Contributions from noncontrolling interests 1 5
Dividends paid on common stock (172) (158)
Stock-based compensation tax withholding payments (33) (15)
Net cash and cash equivalents used for financing activities (212) (302)
Net Increase in Cash and Cash Equivalents 118 6
Cash and Cash Equivalents at Beginning of Period 54 68
Cash and Cash Equivalents at End of Period 172 74
Cash paid for:    
Interest, net of interest capitalized 77 76
Income taxes, net of refunds received 5 2
Supplemental disclosure of non-cash investing and financing activities    
Plant and equipment expenditures in accounts payable and other accrued liabilities $ 56 $ 68