v3.26.3
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating Activities    
Net Income $ 372 $ 340
Adjustments to reconcile Net Income to Net cash and cash equivalents from operating activities:    
Depreciation and amortization 208 191
Stock-based compensation 19 19
Amortization of operating lease right-of-use assets 13 13
Deferred income taxes 116 99
Earnings from equity method investees (110) (101)
Dividends from equity method investees 113 105
Gain from financing activities (2) 0
Changes in assets and liabilities:    
Accounts receivable, net 1 (13)
Accounts payable 3 (15)
Interest payable 36 37
Contract liabilities 9 23
Other current and noncurrent assets and liabilities (1) 8
Net cash and cash equivalents from operating activities 777 706
Investing Activities    
Plant and equipment expenditures (274) (295)
Acquisition accounted for as a business combination (and purchase price adjustment) 0 10
Distributions from equity method investees 47 34
Contributions to equity method investees (17) (3)
Net cash and cash equivalents used for investing activities (244) (254)
Financing Activities    
Issuance of long-term debt, net of discount and issuance costs 149 0
Repayment of long-term debt (197) 0
Borrowings under the Revolving Credit Facility 90 235
Repayment of borrowings under the Revolving Credit Facility (90) (385)
Distributions to noncontrolling interests (15) (14)
Contributions from noncontrolling interests 1 7
Dividends paid on common stock (262) (241)
Stock-based compensation tax withholding payments (32) (24)
Net cash and cash equivalents used for financing activities (356) (422)
Net Increase in Cash and Cash Equivalents 177 30
Cash and Cash Equivalents at Beginning of Period 54 68
Cash and Cash Equivalents at End of Period 231 98
Cash paid for:    
Interest, net of interest capitalized 79 75
Income taxes, net of refunds received 9 3
Supplemental disclosure of non-cash investing and financing activities    
Plant and equipment expenditures in accounts payable and other accrued liabilities $ 126 $ 83