v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL - USD ($)
$ in Millions
Total
Partners’ Capital Excluding Noncontrolling Interests
Noncontrolling Interests
Limited Partners
Series A Preferred Units
Partners’ Capital Excluding Noncontrolling Interests
Limited Partners
Series B Preferred Units
Partners’ Capital Excluding Noncontrolling Interests
Limited Partners
Common Units
Partners’ Capital Excluding Noncontrolling Interests
Beginning balance at Dec. 31, 2023 $ 13,732 $ 10,422 $ 3,310 $ 1,509 $ 787 $ 8,126
Increase (Decrease) in Partners' Capital            
Net income 351 266 85 44 19 203
Distributions (386) (286) (100) (44) (19) (223)
Other comprehensive income/(loss) (71) (71)       (71)
Contributions from noncontrolling interests 12   12      
Other 8 8   1   7
Ending balance at Mar. 31, 2024 13,646 10,339 3,307 1,510 787 8,042
Beginning balance at Dec. 31, 2024 13,096 9,813 3,283 1,514 787 7,512
Increase (Decrease) in Partners' Capital            
Net income 516 443 73 39 18 386
Distributions (456) (324) (132) (39) (18) (267)
Other comprehensive income/(loss) 5 5       5
Repurchase of Series A preferred units 313 313   270   43
Contributions from noncontrolling interests 4   4      
Other 8 8   1   7
Ending balance at Mar. 31, 2025 $ 12,860 $ 9,632 $ 3,228 $ 1,245 $ 787 $ 7,600