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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES:    
Net income $ 3,109 $ 4,549
Reconciliation of net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 2,074 1,894
Deferred income taxes 107 133
Inventory valuation adjustments (121) (159)
Non-cash compensation expense 61 55
Impairment losses 300 11
Losses on extinguishments of debt 0 (8)
Distributions on unvested awards (27) (13)
Equity in earnings of unconsolidated affiliates (118) (120)
Distributions from unconsolidated affiliates 108 100
Other non-cash (38) 41
Net change in operating assets and liabilities, net of effects of acquisitions (731) 661
Net Cash Provided by (Used in) Operating Activities, Continuing Operations 4,724 7,160
INVESTING ACTIVITIES:    
Capital expenditures, excluding allowance for equity funds used during construction (1,458) (1,429)
Contributions in aid of construction costs 35 16
Contributions to unconsolidated affiliate 0 4
Distributions from unconsolidated affiliates in excess of cumulative earnings 46 64
Proceeds from sales of other assets 12 24
Net Cash Provided by (Used in) Investing Activities, Continuing Operations (1,954) (1,329)
FINANCING ACTIVITIES:    
Proceeds from borrowings 11,798 8,245
Repayments of debt (12,819) (13,425)
Preferred Units issued for cash 0 889
Capital contributions from noncontrolling interest 397 63
Distributions to partners (1,343) (898)
Distributions to noncontrolling interests (753) (760)
Preferred Units, Cumulative Cash Distributions (24) (24)
Payments of Debt Issuance Costs (9) (3)
Other, net 0 (3)
Net cash used in financing activities (2,753) (5,916)
Increase (decrease) in cash and cash equivalents 17 (85)
Cash and cash equivalents, beginning of period 336 367
Cash and cash equivalents, end of period 353 282
All other acquisitions    
INVESTING ACTIVITIES:    
Cash paid for acquisitions (264) 0
Spindletop Assets    
INVESTING ACTIVITIES:    
Cash paid for acquisitions $ (325) $ 0