2020 Q4 Form 10-K Financial Statement

#000103968421000015 Filed on February 23, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 2019 Q4
Revenue $2.571B $8.542B $2.664B
YoY Change -3.49% -15.96% -15.08%
Cost Of Revenue $1.627B $5.110B $1.791B
YoY Change -9.17% -24.72% -22.73%
Gross Profit $943.5M $3.432B $872.3M
YoY Change 8.16% 1.65% 6.56%
Gross Profit Margin 36.7% 40.18% 32.75%
Selling, General & Admin $17.00M $1.400M
YoY Change 142.86%
% of Gross Profit 0.5% 0.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $152.7M $578.7M $125.9M
YoY Change 21.29% 21.43% 13.73%
% of Gross Profit 16.18% 16.86% 14.43%
Operating Expenses $402.4M $1.465B $385.3M
YoY Change 4.44% 0.41% 11.04%
Operating Profit $538.7M $1.361B $487.3M
YoY Change 10.54% -28.89% 3.27%
Interest Expense -$141.7M $712.9M -$89.90M
YoY Change 57.62% 44.96% 17.98%
% of Operating Profit -26.31% 52.37% -18.45%
Other Income/Expense, Net $6.100M $24.67M $21.00M
YoY Change -70.95% 172.47% -438.71%
Pretax Income $403.2M $802.3M $418.4M
YoY Change -3.63% -51.4% 7.42%
Income Tax $95.20M $189.5M $98.20M
% Of Pretax Income 23.61% 23.62% 23.47%
Net Earnings $308.0M $612.8M $320.3M
YoY Change -3.82% -52.07% 9.34%
Net Earnings / Revenue 11.98% 7.17% 12.02%
Basic Earnings Per Share $0.69 $1.42 $0.77
Diluted Earnings Per Share $0.69 $1.42 $0.77
COMMON SHARES
Basic Shares Outstanding 444.4M shares 431.1M shares 413.1M shares
Diluted Shares Outstanding 431.8M shares

Balance Sheet

Concept 2020 Q4 2020 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $524.0M $524.0M $21.00M
YoY Change 2395.24% 2395.24% 75.0%
Cash & Equivalents $524.5M $524.0M $20.96M
Short-Term Investments
Other Short-Term Assets $132.5M $133.0M $82.31M
YoY Change 61.01% 64.2% -18.35%
Inventory $227.8M $383.0M $304.9M
Prepaid Expenses
Receivables $830.0M $830.0M $836.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.870B $1.870B $1.470B
YoY Change 27.17% 27.21% 5.13%
LONG-TERM ASSETS
Property, Plant & Equipment $19.15B $19.26B $18.35B
YoY Change 4.39% 4.85% 24.26%
Goodwill $527.6M $681.0M
YoY Change -22.53% -0.02%
Intangibles $246.1M $276.8M
YoY Change -11.09% -3.22%
Long-Term Investments $805.0M $805.0M $861.8M
YoY Change -6.59% -6.61% -11.07%
Other Assets $475.3M $375.0M $173.4M
YoY Change 174.06% 141.94% 33.31%
Total Long-Term Assets $21.21B $21.21B $20.34B
YoY Change 4.26% 4.26% 20.84%
TOTAL ASSETS
Total Short-Term Assets $1.870B $1.870B $1.470B
Total Long-Term Assets $21.21B $21.21B $20.34B
Total Assets $23.08B $23.08B $21.81B
YoY Change 5.81% 5.81% 19.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $719.3M $719.0M $1.210B
YoY Change -40.55% -40.58% 8.38%
Accrued Expenses $259.0M $259.0M $193.0M
YoY Change 34.2% 34.2% 19.88%
Deferred Revenue $23.70M $22.20M
YoY Change 6.76% 42.31%
Short-Term Debt $0.00 $0.00 $220.0M
YoY Change -100.0% -100.0%
Long-Term Debt Due $7.650M $10.00M $7.650M
YoY Change 0.0% 0.0% -98.49%
Total Short-Term Liabilities $1.345B $1.345B $2.020B
YoY Change -33.45% -33.42% -4.18%
LONG-TERM LIABILITIES
Long-Term Debt $14.23B $14.25B $12.48B
YoY Change 14.01% 13.97% 40.64%
Other Long-Term Liabilities $706.1M $772.0M $536.5M
YoY Change 31.6% 46.77% 26.43%
Total Long-Term Liabilities $14.93B $15.02B $13.02B
YoY Change 14.74% 15.3% 39.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.345B $1.345B $2.020B
Total Long-Term Liabilities $14.93B $15.02B $13.02B
Total Liabilities $16.28B $17.04B $15.04B
YoY Change 8.26% 9.3% 31.83%
SHAREHOLDERS EQUITY
Retained Earnings $0.00 $0.00
YoY Change
Common Stock $4.749M $4.450M
YoY Change 6.72% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $764.3M $808.4M
YoY Change -5.45% -5.1%
Treasury Stock Shares 30.04M shares 31.78M shares
Shareholders Equity $6.042B $6.042B $6.226B
YoY Change
Total Liabilities & Shareholders Equity $23.08B $23.08B $21.81B
YoY Change 5.81% 5.81% 19.64%

Cashflow Statement

Concept 2020 Q4 2020 2019 Q4
OPERATING ACTIVITIES
Net Income $308.0M $612.8M $320.3M
YoY Change -3.82% -52.07% 9.34%
Depreciation, Depletion And Amortization $152.7M $578.7M $125.9M
YoY Change 21.29% 21.43% 13.73%
Cash From Operating Activities $796.0M $1.899B $620.0M
YoY Change 28.39% -2.45% -7.49%
INVESTING ACTIVITIES
Capital Expenditures -$271.4M $2.195B -$1.109B
YoY Change -75.53% -42.95% 33.33%
Acquisitions
YoY Change
Other Investing Activities -$17.20M $107.0M -$11.90M
YoY Change 44.54% 633.73% -275.0%
Cash From Investing Activities -$288.6M -$2.271B -$1.121B
YoY Change -74.25% -39.75% 35.85%
FINANCING ACTIVITIES
Cash Dividend Paid $1.605B
YoY Change 10.14%
Common Stock Issuance & Retirement, Net $969.8M
YoY Change 3239.39%
Debt Paid & Issued, Net $1.457B
YoY Change 37.82%
Cash From Financing Activities -429.9M $875.0M -151.4M
YoY Change 183.95% -52.21% -283.74%
NET CHANGE
Cash From Operating Activities 796.0M $1.899B 620.0M
Cash From Investing Activities -288.6M -$2.271B -1.121B
Cash From Financing Activities -429.9M $875.0M -151.4M
Net Change In Cash 77.50M $503.5M -652.3M
YoY Change -111.88% 5505.45% 799.72%
FREE CASH FLOW
Cash From Operating Activities $796.0M $1.899B $620.0M
Capital Expenditures -$271.4M $2.195B -$1.109B
Free Cash Flow $1.067B -$296.3M $1.729B
YoY Change -38.26% -84.42% 15.11%

Facts In Submission

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<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> - The preparation of our Consolidated Financial Statements and related disclosures in accordance with GAAP requires us to make estimates and assumptions with respect to values or conditions that cannot be known with certainty that affect the reported amounts on our Consolidated Financial Statements. Items that may be estimated include, but are not limited to, the economic useful life of assets, fair value of assets, liabilities and equity-method investments, obligations under employee benefit plans, provisions for uncollectible accounts receivable, expenses for services received but for which no invoice has been received, provision for income taxes, including any deferred tax valuation allowances, the results of litigation and various other </span><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">recorded or disclosed amounts. In addition, a portion of our revenues and cost of sales and fuel are recorded based on current month prices and estimated volumes. The estimates are reversed in the following month when we record actual volumes and prices. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We evaluate our estimates on an ongoing basis using historical experience, consultation with experts and other methods we consider reasonable based on the particular circumstances. Nevertheless, actual results may differ significantly from the estimates. Any effects on our financial position or results of operations from revisions to these estimates are recorded in the period when the facts that give rise to the revision become known.</span></div>
CY2020 us-gaap Revenue Performance Obligation Description Of Timing
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5 to 10 years
CY2020 us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Derivatives and Risk Management</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> - We utilize derivatives to reduce our market-risk exposure to commodity price and interest-rate fluctuations and to achieve more predictable cash flows. We record all derivative instruments at fair value, with the exception of normal purchases and normal sales transactions that are expected to result in physical delivery. Commodity price and interest-rate volatility may have a significant impact on the fair value of derivative instruments as of a given date. The accounting for changes in the fair value of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and, if so, the reason for holding it. The table below summarizes the various ways in which we account for our derivative instruments and the impact on our Consolidated Financial Statements:</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:22.438%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.723%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:33.987%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:2.723%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:34.429%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="border-bottom:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Recognition and Measurement</span></td></tr><tr><td colspan="6" style="border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Accounting Treatment</span></td><td colspan="3" style="border-top:2pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Balance Sheet</span></td><td colspan="3" style="border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="border-top:2pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Income Statement</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Normal purchases and<br/>normal sales</span></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Fair value not recorded</span></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Change in fair value not recognized in earnings</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Mark-to-market</span></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Recorded at fair value</span></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Change in fair value recognized in earnings</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cash flow hedge</span></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The gain or loss on the<br/>derivative instrument is reported initially as a<br/>component of accumulated other<br/>comprehensive income (loss)</span></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The gain or loss on the derivative instrument is reclassified out of accumulated other comprehensive income (loss) into earnings when the forecasted transaction affects earnings</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Fair value hedge</span></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Recorded at fair value</span></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="background-color:#ffffff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The gain or loss on the derivative instrument is<br/>recognized in earnings</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Change in fair value of the hedged item is<br/>recorded as an adjustment to book value</span></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</span></td><td colspan="3" style="background-color:#cceeff;border-bottom:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Change in fair value of the hedged item is<br/>recognized in earnings</span></td></tr></table></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">To reduce our exposure to fluctuations in natural gas, NGLs and condensate prices, we periodically enter into futures, forward purchases and sales, options or swap transactions in order to hedge anticipated purchases and sales of natural gas, NGLs and condensate. Interest-rate swaps are used from time to time to manage interest-rate risk. Under certain conditions, we designate our derivative instruments as a hedge of exposure to changes in fair values or cash flows. We formally document all relationships between hedging instruments and hedged items, as well as risk-management objectives and strategies for undertaking various hedge transactions, and methods for assessing and testing correlation and hedge effectiveness. We specifically identify the forecasted transaction that has been designated as the hedged item in a cash flow hedge relationship. We assess hedging relationships at the inception of the hedge and on an ongoing basis to determine whether the hedging relationship is, and is expected to remain, highly effective. We also document our normal purchases and normal sales transactions that we expect to result in physical delivery and that we elect to exempt from derivative accounting treatment.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The realized revenues and purchase costs of our derivative instruments not considered held for trading purposes and derivatives that qualify as normal purchases or normal sales that are expected to result in physical delivery are reported on a gross basis. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash flows from futures, forwards, options and swaps that are accounted for as hedges are included in the same category as the cash flows from the related hedged items in our Consolidated Statements of Cash Flows.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">See Notes B and C for disclosures of our fair value measurements and risk-management and hedging activities, respectively.</span></div>
CY2017 oke Number Of Years Of Service Employees Must Work To Be Entitled To Postretirement Medical And Life Insurance Benefits
NumberOfYearsOfServiceEmployeesMustWorkToBeEntitledToPostretirementMedicalAndLifeInsuranceBenefits
P5Y
CY2020Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
0 USD
CY2020Q4 oke Derivative Collateral Rightto Reclaim Cash Total
DerivativeCollateralRighttoReclaimCashTotal
63100000 USD
CY2020Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
35100000 USD
CY2020Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
28000000.0 USD
CY2019Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
0 USD
CY2019Q4 oke Derivative Collateral Rightto Reclaim Cash Total
DerivativeCollateralRighttoReclaimCashTotal
8800000 USD
CY2019Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
30772000 USD
CY2018Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
40484000 USD
CY2020 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
-31660000 USD
CY2019 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
-40344000 USD
CY2020 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Into Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersIntoLevel3
-36568000 USD
CY2019 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Into Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersIntoLevel3
30627000 USD
CY2020 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss
6135000 USD
CY2019 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss
5000 USD
CY2020Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-31321000 USD
CY2019Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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30772000 USD
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0 USD
CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
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0 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
16300000000 USD
CY2019Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
13800000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
14200000000 USD
CY2019Q4 us-gaap Long Term Debt
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12500000000 USD
CY2020Q1 oke Notional Amount Of Cash Flow Hedge Instruments Settled
NotionalAmountOfCashFlowHedgeInstrumentsSettled
750000000 USD
CY2020Q1 oke Realized Losson Settled Interest Rate Swaps Recordedin Aoci
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152500000 USD
CY2020Q2 oke Notional Amount Of Cash Flow Hedge Instruments Settled
NotionalAmountOfCashFlowHedgeInstrumentsSettled
1300000000 USD
CY2020Q2 oke Realized Losson Settled Interest Rate Swaps Recordedin Aoci
RealizedLossonSettledInterestRateSwapsRecordedinAOCI
48300000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
110498000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
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349018000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
67030000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability
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231537000 USD
CY2020Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
35100000 USD
CY2020 oke Realized Losson Settled Interest Rate Swaps Recordedin Aoci
RealizedLossonSettledInterestRateSwapsRecordedinAOCI
48300000 USD
CY2020 oke Notional Amount Of Cash Flow Hedge Instruments Settled
NotionalAmountOfCashFlowHedgeInstrumentsSettled
1300000000 USD
CY2020Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
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CY2020Q4 us-gaap Property Plant And Equipment Gross
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23072935000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
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22051492000 USD
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CY2019Q4 us-gaap Property Plant And Equipment Net
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18348685000 USD
CY2020 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
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151700000 USD
CY2019 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
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544800000 USD
CY2018 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
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388300000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
527592000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
680996000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10800000 USD
CY2018 us-gaap Amortization Of Intangible Assets
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11900000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11900000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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10400000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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10400000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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10400000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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10400000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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10400000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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381435000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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414345000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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135304000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
137508000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
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246131000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
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276837000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
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14361644000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
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12813704000 USD
CY2020Q4 oke Unamortized Portionof Terminated Swaps
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13314000 USD
CY2019Q4 oke Unamortized Portionof Terminated Swaps
UnamortizedPortionofTerminatedSwaps
15032000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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138887000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
121329000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
7650000 USD
CY2019Q4 us-gaap Long Term Debt Current
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7650000 USD
CY2020Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2019Q4 us-gaap Short Term Borrowings
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220000000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
14228421000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
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12479757000 USD
CY2020Q4 us-gaap Business Combination Consideration Transferred1
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27000000 USD
CY2020Q4 us-gaap Letters Of Credit Outstanding Amount
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7700000 USD
CY2019Q4 us-gaap Letters Of Credit Outstanding Amount
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4700000 USD
CY2020 oke Longterm Debt Repurchased Face Amount
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224400000 USD
CY2020 us-gaap Repayments Of Debt
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199600000 USD
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
22300000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
7700000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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1443700000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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925000000.0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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500000000.0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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887000000.0 USD
CY2020Q4 oke Senior Note Covenant Acceleration Of Indebtedness
SeniorNoteCovenantAccelerationOfIndebtedness
100000000 USD
CY2020Q4 oke Senior Note Covenant Trustee Or Holders Percentage Required Upon Event Of Default
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0.25
CY2018Q2 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
0.20
CY2018Q3 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
195000000 USD
CY2018Q2 us-gaap Common Stock Dividends Per Share Cash Paid
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0.795
CY2020Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.935
CY2020Q2 us-gaap Stock Issued During Period Shares New Issues
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29900000 shares
CY2020Q2 us-gaap Share Price
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32.00
CY2020Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
937000000.0 USD
CY2018Q1 us-gaap Stock Issued During Period Shares New Issues
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21900000 shares
CY2018Q1 us-gaap Share Price
SharePrice
54.50
CY2018Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1200000000 USD
CY2020 us-gaap Dividends Cash
DividendsCash
1600000000 USD
CY2019 us-gaap Dividends Cash
DividendsCash
1500000000 USD
CY2018 us-gaap Dividends Cash
DividendsCash
1300000000 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.935
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.860
CY2018Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.770
CY2020Q2 us-gaap Common Stock Dividends Per Share Cash Paid
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CommonStockDividendsPerShareCashPaid
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CommonStockDividendsPerShareCashPaid
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CommonStockDividendsPerShareCashPaid
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CY2019Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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CY2018Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
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CommonStockDividendsPerShareCashPaid
3.74
CY2019 us-gaap Common Stock Dividends Per Share Cash Paid
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3.53
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CommonStockDividendsPerShareCashPaid
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CY2020 us-gaap Dividends Preferred Stock Cash
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CY2019 us-gaap Dividends Preferred Stock Cash
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CY2018 us-gaap Dividends Preferred Stock Cash
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1100000 USD
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121785000 USD
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CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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19490000 USD
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CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
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CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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131481000 USD
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CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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40341000 USD
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CY2020 oke Other Comprehensive Income Loss Before Reclassifications
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CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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14187000 USD
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CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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26154000 USD
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CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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157635000 USD
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CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
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CY2020 us-gaap Dilutive Securities
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CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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611709000 USD
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1.42
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CY2019 us-gaap Dilutive Securities
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CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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1884000 shares
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1277477000 USD
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3.07
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1150603000 USD
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1150603000 USD
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2.78
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CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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6900000 shares
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CY2019 us-gaap Allocated Share Based Compensation Expense
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CY2018 us-gaap Allocated Share Based Compensation Expense
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33200000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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31700000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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-2900000 USD
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-3800000 USD
CY2020 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
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CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0750 Rate
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0800 Rate
CY2020 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
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CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.0365 Rate
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.0300 Rate
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CurrentFederalTaxExpenseBenefit
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CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1797000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
963000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1633000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2777000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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DeferredFederalIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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DeferredIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2019 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2019 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
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CY2018 us-gaap Income Loss Attributable To Parent
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210 Rate
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0.210 Rate
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2019 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2018 us-gaap Income Tax Reconciliation Other Adjustments
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CY2019Q4 us-gaap Deferred Tax Liabilities
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CY2019 us-gaap Equity Method Investment Other Than Temporary Impairment
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CY2018 us-gaap Equity Method Investment Other Than Temporary Impairment
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CY2020Q4 us-gaap Accounts Payable Related Parties Current
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60900000 USD
CY2020Q4 oke Unrecorded Purchase Obligation Due In Three Years
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55800000 USD
CY2020Q4 oke Unrecorded Purchase Obligation Due In Four Years
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53400000 USD
CY2020Q4 oke Unrecordedpurchaseobligationdueinfiveyears
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47900000 USD
CY2020Q4 oke Unrecorded Purchase Obligation Due After Five Years
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CY2018Q4 us-gaap Contract With Customer Liability
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CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
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CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
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CY2020Q4 us-gaap Revenue Remaining Performance Obligation
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CY2020 us-gaap Segment Reporting Disclosure Of Major Customers
SegmentReportingDisclosureOfMajorCustomers
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428557000 USD
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158383000 USD
CY2018Q4 us-gaap Equity Method Investments
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CY2018Q4 us-gaap Assets
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18231671000 USD
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2141475000 USD
CY2020 us-gaap Profit Loss
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612809000 USD
CY2019 us-gaap Profit Loss
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1278577000 USD
CY2018 us-gaap Profit Loss
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1155032000 USD
CY2020 us-gaap Interest Expense
InterestExpense
712886000 USD
CY2019 us-gaap Interest Expense
InterestExpense
491773000 USD
CY2018 us-gaap Interest Expense
InterestExpense
469620000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
578662000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
476535000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
428557000 USD
CY2020 us-gaap Income Tax Expense Benefit
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189507000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
372414000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
362903000 USD
CY2020 us-gaap Asset Impairment Charges
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644930000 USD
CY2019 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2018 us-gaap Asset Impairment Charges
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0 USD
CY2020 us-gaap Employee Benefits And Share Based Compensation Noncash
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8540000 USD
CY2019 us-gaap Employee Benefits And Share Based Compensation Noncash
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26699000 USD
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37954000 USD
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CY2020 us-gaap Gains Losses On Extinguishment Of Debt
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22300000 USD
CY2020Q1 us-gaap Revenues
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CY2020Q1 us-gaap Operating Income Loss
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312041000 USD
CY2020Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
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307754000 USD
CY2020Q1 us-gaap Earnings Per Share Basic
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0.32
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CY2020Q1 us-gaap Asset Impairment Charges
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CY2019Q1 us-gaap Revenues
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320251000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2019Q1 us-gaap Earnings Per Share Basic
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0.77

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