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CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2020
Condensed Financial Information Disclosure [Abstract]  
Schedule of condensed balance sheet
The financial information may not necessarily be indicative of results of operations, cash flows or financial position had the Guarantor Subsidiaries operated as independent entities.
Condensed Consolidating Balance Sheets
As of March 31, 2020 and December 31, 2019
(in millions)
 
 
 
March 31, 2020
 
Parent
 
Combined Guarantor Subsidiaries
 
Combined Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Total current assets
$
9

 
$
289

 
$
65

 
$
(7
)
 
$
356

Investments in consolidated subsidiaries
4,304

 
131

 
—

 
(4,435
)
 
—

Total property, plant and equipment, net
25

 
4,039

 
474

 
—

 
4,538

Other assets
1

 
65

 
14

 
—

 
80

TOTAL ASSETS
$
4,339

 
$
4,524

 
$
553

 
$
(4,442
)
 
$
4,974

 
 
 
 
 
 
 
 
 
 
Total current liabilities
139

 
404

 
7

 
(7
)
 
543

Long-term debt
4,860

 
—

 
—

 
—

 
4,860

Deferred gain and issuance costs, net
135

 
—

 
—

 
—

 
135

Other long-term liabilities
158

 
553

 
4

 
—

 
715

Amounts due to (from) affiliates
1,230

 
(1,232
)
 
2

 
—

 
—

Mezzanine equity
—

 
—

 
816

 
—

 
816

Total equity
(2,183
)
 
4,799

 
(276
)
 
(4,435
)
 
(2,095
)
TOTAL LIABILITIES AND EQUITY
$
4,339

 
$
4,524

 
$
553

 
$
(4,442
)
 
$
4,974


 
December 31, 2019
 
Parent
 
Combined Guarantor Subsidiaries
 
Combined Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Total current assets
$
8

 
$
436

 
$
60

 
$
(13
)
 
$
491

Investments in consolidated subsidiaries
5,956

 
223

 
—

 
(6,179
)
 
—

Total property, plant and equipment, net
35

 
5,846

 
471

 
—

 
6,352

Other assets
1

 
82

 
32

 
—

 
115

TOTAL ASSETS
$
6,000

 
$
6,587

 
$
563

 
$
(6,192
)
 
$
6,958

 
 
 
 
 
 
 
 
 
 
Total current liabilities
248

 
469

 
5

 
(13
)
 
709

Long-term debt
4,877

 
—

 
—

 
—

 
4,877

Deferred gain and issuance costs, net
146

 
—

 
—

 
—

 
146

Other long-term liabilities
167

 
549

 
4

 
—

 
720

Amounts due to (from) affiliates
951

 
(953
)
 
2

 
—

 
—

Mezzanine equity
—

 
—

 
802

 
—

 
802

Total equity
(389
)
 
6,522

 
(250
)
 
(6,179
)
 
(296
)
TOTAL LIABILITIES AND EQUITY
$
6,000

 
$
6,587

 
$
563

 
$
(6,192
)
 
$
6,958
Schedule of condensed income statement
Condensed Consolidating Statements of Operations
For the three months ended March 31, 2020 and 2019
(in millions)
 
 
 
Three months ended March 31, 2020
 
Parent
 
Combined Guarantor Subsidiaries
 
Combined Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Total revenues
$
—

 
$
526

 
$
116

 
$
(69
)
 
$
573

Total costs
47

 
2,189

 
55

 
(69
)
 
2,222

Non-operating (loss) income
(95
)
 
(1
)
 
—

 
—

 
(96
)
NET (LOSS) INCOME
(142
)
 
(1,664
)
 
61

 
—

 
(1,745
)
Net income attributable to noncontrolling interests
—

 
—

 
(51
)
 
—

 
(51
)
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCK
$
(142
)
 
$
(1,664
)
 
$
10

 
$
—

 
$
(1,796
)

 
Three months ended March 31, 2019
 
Parent
 
Combined Guarantor Subsidiaries
 
Combined Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Total revenues
$
—

 
$
644

 
$
123

 
$
(77
)
 
$
690

Total costs
54

 
584

 
72

 
(77
)
 
633

Non-operating (loss) income
(104
)
 
3

 
—

 
—

 
(101
)
NET (LOSS) INCOME
(158
)
 
63

 
51

 
—

 
(44
)
Net income attributable to noncontrolling interest
—

 
—

 
(23
)
 
—

 
(23
)
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCK
$
(158
)
 
$
63

 
$
28

 
$
—

 
$
(67
)
Schedule of condensed cash flow statement
 Condensed Consolidating Statements of Cash Flows
For the three months ended March 31, 2020 and 2019
(in millions)
 
 
 
 
 
 
 
 
 
 
 
Three months ended March 31, 2020
 
Parent
 
Combined Guarantor Subsidiaries
 
Combined Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net cash (used in) provided by operating activities
$
(188
)
 
$
334

 
$
82

 
$
—

 
$
228

Net cash provided by (used in) investing activities
1

 
(13
)
 
—

 
—

 
(12
)
Net cash provided by (used in) financing activities
187

 
(260
)
 
(83
)
 
—

 
(156
)
Increase in cash
—

 
61

 
(1
)
 
—

 
60

Cash—beginning of period
—

 
6

 
11

 
—

 
17

Cash—end of period
$
—

 
$
67

 
$
10

 
$
—

 
$
77


 
Three months ended March 31, 2019
 
Parent
 
Combined Guarantor Subsidiaries
 
Combined Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net cash (used in) provided by operating activities
$
(184
)
 
$
267

 
$
75

 
$
—

 
$
158

Net cash used in investing activities
—

 
(182
)
 
—

 
—

 
(182
)
Net cash provided by (used in) financing activities
184

 
(83
)
 
(51
)
 
—

 
50

Increase in cash
—

 
2

 
24

 
—

 
26

Cash—beginning of period
—

 
7

 
10

 
—

 
17

Cash—end of period
$
—

 
$
9

 
$
34

 
$
—

 
$
43