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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating Activities        
Net income $ 34 $ 254 $ 182 $ 419
Adjusted for the following items:        
Earnings from investments in associates and joint ventures, net of distributions received 27 19 72 32
Depreciation and amortization expense 375 323 775 615
Mark-to-market on hedging items, provisions and other 84 (44) 265 10
Deferred income tax expense (recovery) 8 (1) 56 11
Changes in non-cash working capital, net 87 29 (13) 54
Cash from operating activities 615 580 1,337 1,141
Investing Activities        
Acquisition of subsidiaries, net of cash acquired 0 (40) 0 (2,190)
Cash flows from losing control of subsidiaries or other businesses, classified as investing activities 0 0 722 0
Additions of investments in associates and joint ventures 0 188 0 0
Proceeds from sales of investments held on behalf of parent 0 581 0 0
Proceeds from sales of investments accounted for using equity method 0 135 0 135
Purchase of long lived assets (275) (282) (662) (526)
Disposal of long lived assets 9 6 20 13
Purchase of financial assets (271) (43) (534) (48)
Sale of financial assets and other 168 4 278 9
Net settlement of foreign exchange hedging items 1 37 83 36
Cash used by investing activities (368) 586 (93) (2,571)
Financing Activities        
Distributions to general partner (47) (38) (93) (76)
Distributions to other unitholders (236) (213) (472) (425)
Subsidiary distributions to non-controlling interest (168) (123) (647) (491)
Capital Provided By Non-controlling Interest, Cash 45 13 223 1,285
Capital provided to non-controlling interest 0 0 (616) 0
Proceeds From Partial Disposition Of Subsidiaries To Non-Controlling Interest, Net Of Taxes 0 0 168 165
Deposit Received From Parent 0 456 0 823
Proceeds from corporate borrowings 275 0 275 0
Proceeds from corporate credit facility 512 743 1,455 2,619
Repayment of corporate credit facility (515) (1,708) (1,065) (3,129)
Proceeds from subsidiary borrowings 570 152 2,210 2,051
Repayment of subsidiary borrowings (498) (427) (1,979) (1,204)
Payments of lease liabilities, classified as financing activities (43) (33) (86) (69)
Preferred units issued 0 0 0 72
Repurchase of Limited Partner Units 0 0 0 (28)
Partnership units issued, net of issuance costs 3 2 5 4
Cash from financing activities (102) (1,176) (622) 1,597
Cash and cash equivalents        
Change during the year 145 (10) 622 167
Impact of foreign exchange on cash 9 5 (69) 8
Balance, beginning of year 1,226 720 827 540
Balance, end of year $ 1,380 $ 715 $ 1,380 $ 715