XML 23 R7.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Millions, $ in Billions
 12 Months Ended
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Cash Flows From Operating Activities      
Net income $ 180 $ 2,239 $ 1,919
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation, depletion and amortization 2,164 2,411 2,297
Deferred income taxes 345 717 405
Amortization of excess cost of equity investments 140 83 95
Change in fair market value of derivative contracts (5) (22) 77
Loss (gain) on divestitures and impairments, net (Note 3) 1,932 (942) 167
Earnings from equity investments (780) (101) (617)
Distributions of equity investment earnings 633 590 499
Pension (contributions) net of noncash pension benefit expenses (90) 14 (4)
Changes in components of working capital, net of the effects of acquisitions and dispositions      
Accounts receivable 88 98 (45)
Income tax receivable 0 0 137
Inventories 16 4 15
Other current assets 49 100 (21)
Accounts payable (19) (198) 21
Accrued interest, net of interest rate swaps (51) (43) (22)
Accrued taxes (93) (142) 241
Accrued contingencies and other current liabilities (113) (69) 73
Other, net 154 9 (194)
Net Cash Provided by Operating Activities 4,550 4,748 5,043
Cash Flows From Investing Activities      
Capital expenditures (1,707) (2,270) (2,904)
Sales of property, plant and equipment, investments, and other net assets, net of removal costs 1,069 110 104
Proceeds from the KML and U.S. Cochin Sale, net of cash disposed (Note 4) 0 1,527 0
Proceeds from the TMPL Sale, net of cash disposed and working capital adjustments (Note 4) 0 (28)  
Proceeds from the TMPL Sale, net of cash disposed and working capital adjustments (Note 4)     2,998
Acquisitions of assets and investments (16) (79) (39)
Contributions to investments (386) (1,299) (433)
Distributions from equity investments in excess of cumulative earnings 154 333 237
Other, net (25) (8) (31)
Net Cash Used in Investing Activities (911) (1,714) (68)
Cash Flows From Financing Activities      
Issuances of debt 3,888 8,036 14,751
Payments of debt (3,996) (11,224) (14,591)
Debt issue costs (25) (10) (42)
Cash dividends - common shares (Note 11) (2,362) (2,163) (1,618)
Cash dividends - preferred shares (Note 11) 0 0 (156)
Repurchases of common shares (50) (2) (273)
Contributions from investment partner and noncontrolling interests 14 151 200
Distributions to investment partner (79) (11) 0
Distribution to noncontrolling interests - KML distribution of the TMPL Sale proceeds 0 (879) 0
Distributions to noncontrolling interests - other (15) (55) (78)
Other, net (13) (28) (17)
Net Cash Used in Financing Activities (2,638) (6,185) (1,824)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Deposits (1) 29 (146)
Net increase (decrease) in Cash, Cash Equivalents and Restricted Deposits 1,000 (3,122) 3,005
Cash, Cash Equivalents, and Restricted Deposits, beginning of period 209 3,331 326
Cash, Cash Equivalents, and Restricted Deposits, end of period 1,209 209 3,331
Cash and Cash Equivalents, beginning of period 185 3,280 264
Restricted Deposits, beginning of period 24 51 62
Cash and Cash Equivalents, end of period 1,184 185 3,280
Restricted Deposits, end of period 25 24 51
Noncash Investing and Financing Activities      
ROU assets and operating lease obligations recognized (Note 17) 20 399  
Marketable securities obtained as consideration for divestiture (Note 4) 0 892 0
Decrease in noncontrolling interests for distribution accrual 0 0 905
Supplemental Disclosures of Cash Flow Information      
Cash paid during the period for interest (net of capitalized interest) 1,661 1,860 1,879
Cash paid (refunded) during the period for income taxes, net $ 227 $ 372 $ (109)