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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
[2]
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) [1] $ (21) $ 58 [3]
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 53 56 [3]
Change in value of derivative contracts 51 2
Deferred income taxes 16 13
Benefits associated with differential membership interests - net 0 (31) [3]
Equity in earnings of equity method investee, net of distributions received 7 11
Equity in earnings of non-economic ownership interests (6) 0 [3]
Other - net (2) 3
Changes in operating assets and liabilities:    
Accounts receivable (11) (11)
Other current assets 2 (2)
Other non-current assets 1 (7)
Accounts payable and accrued expenses (1) (2)
Due to related parties (5) (1)
Other current liabilities (33) (23)
Payment of acquisition holdback 0 (14)
Other non-current liabilities 2 9
Net cash provided by operating activities 53 61
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (4) (316)
Payments to related parties under CSCS agreement - net (2) (32)
Net cash used in investing activities (6) (348)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuances of long-term debt 0 210
Retirements of long-term debt (31) (37)
Partners/Members' contributions 29 304
Partners/Members' distributions (66) (79)
Preferred unit distributions (3) 0
Proceeds from differential membership investors 28 18
Payments to differential membership investors (5) (5)
Change in amounts due to related parties 0 (1)
Payment of acquisition holdback 0 (186)
Net cash provided by (used in) financing activities (48) 224
Effect of exchange rate changes on cash (1) 1
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (2) (62)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - BEGINNING OF PERIOD 198 191
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - END OF PERIOD 196 129
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Partners/Members' noncash distributions 17 0
Members’ noncash contributions for construction costs and other 0 5
Change in noncash investments in equity method investees - net 2 0
Accrued but not paid for capital and other expenditures 1 3
Accrued preferred distributions $ 6 $ 0
[1] At March 31, 2018, approximately $6 million of preferred unit distributions were accrued and are payable in May 2018.
[2] Prior-period financial information has been retrospectively adjusted as discussed in Note 1 and Note 10 - Restricted Cash.
[3] Prior-period financial information has been retrospectively adjusted as discussed in Note 1.