v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Accounts receivable, net $ 9,859 $ 10,191
Accounts receivable from related companies 190 87
Inventories 2,795 3,070
Income taxes receivable 54 56
Derivative assets 12 9
Other current assets 519 477
Total current assets 13,671 14,202
Property, plant and equipment 132,039 129,242
Accumulated depreciation and depletion (36,508) (34,030)
Property, Plant and Equipment, Net 95,531 95,212
Investments in unconsolidated affiliates [1] 3,243 3,266
Lease right-of-use assets, net 828 809
Other non-current assets, net 2,072 2,017
Intangible assets, net 5,774 5,971
Goodwill 3,903 3,903
Total assets 125,022 125,380
LIABILITIES AND EQUITY    
Accounts payable 7,513 8,306
Accounts Payable, Other, Current 24 19
Derivative liabilities 6 15
Operating lease current liabilities 67 67
Accrued and other current liabilities 4,233 4,241
Current maturities of long-term debt 6 8
Total current liabilities 11,849 12,656
Long-term debt, less current maturities 60,749 59,752
Non-current operating lease liabilities 754 730
Deferred income taxes 4,204 4,190
Other non-current liabilities 1,609 1,618
Commitments and contingencies
Redeemable noncontrolling interests 323 417
Preferred Unitholders 3,356 3,852
Limited Partners:    
Common Unitholders 31,360 31,195
General Partner (2) (2)
Accumulated other comprehensive income 65 73
Total partners’ capital 34,779 35,118
Noncontrolling interests 10,755 10,899
Total equity 45,534 46,017
Total liabilities and equity 125,022 125,380
Cash and Cash Equivalent $ 242 $ 312
[1] Amounts reflected above exclude Sunoco LP’s investments in the ET-S Permian and J.C. Nolan joint ventures, which are eliminated in consolidation.