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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income [1] $ 70 $ 1,103
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 412 315
Intangible amortization – PPAs 61 109
Change in value of derivative contracts 140 (986)
Deferred income taxes 16 177
Equity in earnings of equity method investees, net of distributions received (7) (20)
Equity in earnings of non-economic ownership interests, net of distributions received (16) (52)
Gains on disposal of businesses/assets – net 0 (35)
Other – net 15 2
Changes in operating assets and liabilities:    
Current assets (63) (37)
Noncurrent assets (87) 0
Current liabilities 11 35
Net cash provided by operating activities 552 611
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of membership interests in subsidiaries – net (666) (190)
Capital expenditures and other investments (1,064) (958)
Proceeds from sale of a business 55 204
Payments from (to) related parties under CSCS agreement – net 206 (8)
Distributions from equity method investee 0 15
Reimbursements from related parties for capital expenditures 904 895
Other 1 4
Net cash used in investing activities (564) (38)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common units – net 315 147
Issuances of long-term debt, including premiums and discounts 1,384 92
Retirements of long-term debt (349) (616)
Debt issuance costs (2) (5)
Partner contributions 0 1
Partner distributions (554) (468)
Proceeds on sale of Class B noncontrolling interests – net 0 408
Payments to Class B noncontrolling interest investors (122) (144)
Buyout of Class B noncontrolling interest investors (590) 0
Proceeds on sale of differential membership interests 92 0
Proceeds from differential membership investors 153 136
Payments to differential membership investors (219) (30)
Change in amounts due to related parties (1) (17)
Other 2 (3)
Net cash provided by (used in) financing activities 109 (499)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 97 74
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – BEGINNING OF PERIOD 284 151
CASH, CASH EQUIVALENTS AND RESTRICTED CASH – END OF PERIOD 381 225
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Accrued property additions $ 248 $ 175
[1] For the three and nine months ended September 30, 2023, NEP recognized less than $1 million and $1 million, respectively, of other comprehensive income related to equity method investees, which was primarily attributable to noncontrolling interests. For the three and nine months ended September 30, 2022, NEP recognized less than $1 million and $1 million, respectively, of other comprehensive income related to equity method investees, which was primarily attributable to noncontrolling interests.