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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating Activities        
Net income $ 254 $ 219 $ 419 $ 546
Adjusted for the following items:        
Earnings from investments in associates and joint ventures, net of distributions received 19 15 32 24
Depreciation and amortization expense 323 188 615 381
Mark-to-market on hedging items, provisions and other (44) (40) 10 29
Gain (Loss) on Disposition of Business 0 0 0 (338)
Deferred income tax expense (recovery) (1) 26 11 41
Changes in non-cash working capital, net 29 (225) 54 (34)
Cash from operating activities 580 183 1,141 649
Investing Activities        
Acquisition of subsidiaries, net of cash acquired (40) (398) (2,190) (398)
Additions of investments in associates and joint ventures 188 (40) 0 (55)
Proceeds from sales of investments held on behalf of parent 581 0 0 0
Proceeds from sales of investments accounted for using equity method 135 0 135 1,289
Purchase of long lived assets (282) (180) (526) (358)
Disposal of long lived assets 6 2 13 5
Purchase of financial assets (43) (77) (48) (140)
Sale of financial assets and other 4 14 9 52
Net settlement of foreign exchange hedging items 37 (18) 36 (72)
Cash used by investing activities 586 (697) (2,571) 323
Financing Activities        
Distributions to general partner (38) (35) (76) (70)
Distributions to other unitholders (213) (194) (425) (387)
Subsidiary distributions to non-controlling interest (123) (158) (491) (333)
Capital provided by non-controlling interest 13 146 1,285 146
Capital provided to non-controlling interest 0 (877) 0 (877)
Proceeds From Partial Disposition Of Subsidiaries To Non-Controlling Interest, Net Of Taxes 0 0 165 0
Deposit Received From Parent 456 0 823 0
Proceeds from corporate credit facility 743 62 2,619 669
Repayment of corporate credit facility (1,708) (62) (3,129) (1,458)
Proceeds from subsidiary borrowings 152 1,816 2,051 2,684
Repayment of subsidiary borrowings (427) (262) (1,204) (1,070)
Payments of lease liabilities, classified as financing activities (33) 0 (69) 0
Preferred units issued 0 0 72 157
Partnership units issued, net of issuance costs 2 4 4 8
Payments to acquire or redeem entity's shares 0 0 (28) 0
Cash from financing activities (1,176) 440 1,597 (531)
Cash and cash equivalents        
Change during the year (10) (74) 167 441
Impact of foreign exchange on cash 5 (34) 8 (33)
Balance, beginning of year 720 890 540 374
Balance, end of year $ 715 $ 782 $ 715 $ 782