XML 18 R6.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities    
Net Income $ 84 $ 84
Adjustments to reconcile Net Income to Net cash and cash equivalents from operating activities:    
Depreciation and amortization 43 42
Stock-based compensation 5 4
Amortization of operating lease right-of-use assets 5 5
Deferred income taxes 36 22
Earnings from equity method investees (50) (36)
Dividends from equity method investees 68 48
Changes in assets and liabilities:    
Accounts receivable, net 39 50
Accounts payable (8) (2)
Interest payable 29 22
Other current and noncurrent assets and liabilities (7) (5)
Net cash and cash equivalents from operating activities 244 234
Investing Activities    
Plant and equipment expenditures (228) (20)
Distributions from equity method investees 14 2
Contributions to equity method investees (2) 0
Notes receivable — third party and related party 0 1
Net cash and cash equivalents from (used for) investing activities (216) (17)
Financing Activities    
Repayment of long-term debt 0 (3)
Borrowings under the Revolving Credit Facility 195 0
Repayment of borrowings under the Revolving Credit Facility (115) 0
Acquisition-related deferred payment 0 (3)
Distributions to noncontrolling interests (8) (4)
Dividends paid on common stock (62) (58)
Other financing activities (4) 0
Net cash and cash equivalents from (used for) financing activities 6 (68)
Net Increase (Decrease) in Cash and Cash Equivalents 34 149
Cash and Cash Equivalents at Beginning of Period 61 132
Cash and Cash Equivalents at End of Period 95 281
Supplemental disclosure of cash information    
Interest, net of interest capitalized 6 6
Income taxes 0 1
Supplemental disclosure of non-cash investing and financing activities    
Plant and equipment expenditures in accounts payable and other accruals $ 95 $ 9