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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities    
Net Income $ 200 $ 178
Adjustments to reconcile Net Income to Net cash and cash equivalents from operating activities:    
Depreciation and amortization 103 87
Stock-based compensation 11 10
Amortization of operating lease right-of-use assets 9 9
Deferred income taxes 59 62
Earnings from equity method investees (85) (91)
Dividends from equity method investees 88 113
Changes in assets and liabilities:    
Accounts receivable, net 11 17
Accounts payable (4) (6)
Contract liabilities 16 28
Other current and noncurrent assets and liabilities (2) (18)
Net cash and cash equivalents from operating activities 406 389
Investing Activities    
Plant and equipment expenditures (179) (421)
Distributions from equity method investees 37 396
Contributions to equity method investees (1) (6)
Net cash and cash equivalents from (used for) investing activities (143) (31)
Financing Activities    
Borrowings under the Revolving Credit Facility 155 305
Repayment of borrowings under the Revolving Credit Facility (250) (535)
Distributions to noncontrolling interests (9) (10)
Dividends paid on common stock (138) (129)
Other financing activities (4) (5)
Net cash and cash equivalents from (used for) financing activities (246) (374)
Net Increase (Decrease) in Cash and Cash Equivalents 17 (16)
Cash and Cash Equivalents at Beginning of Period 56 61
Cash and Cash Equivalents at End of Period 73 45
Cash paid for:    
Interest, net of interest capitalized 74 69
Income taxes 3 18
Supplemental disclosure of non-cash investing and financing activities    
Plant and equipment expenditures in accounts payable and other accrued liabilities $ 48 $ 111