v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 951 $ 1,272
Accounts receivable, net 15,686 11,275
Inventories 4,645 4,770
Income taxes receivable 38 57
Derivative assets 20 52
Other current assets 757 688
Total current assets 22,263 18,233
Property, plant and equipment 144,675 141,283
Accumulated depreciation and depletion (40,633) (39,141)
Property, plant and equipment, net 104,042 102,142
Investments in unconsolidated affiliates [1] 3,646 3,589
Lease right-of-use assets, net 1,943 1,841
Other non-current assets, net 2,689 2,591
Intangible assets, net 7,294 7,438
Goodwill 5,605 5,452
Total assets 147,482 141,286
LIABILITIES AND EQUITY    
Derivative liabilities 36 10
Operating lease current liabilities 201 245
Accrued and other current liabilities 5,635 5,165
Current maturities of long-term debt 19 25
Total current liabilities 19,043 14,955
Long-term debt, less current maturities 69,317 68,308
Non-current operating lease liabilities 1,569 1,515
Deferred income taxes 5,591 5,307
Other non-current liabilities 1,973 1,941
Commitments and contingencies
Redeemable noncontrolling interests 252 250
Limited Partners:    
Preferred Unitholders 3,388 3,356
Common Unitholders 31,004 30,930
General Partner (2) (2)
Accumulated other comprehensive income 72 82
Total partners’ capital 34,462 34,366
Noncontrolling interests 15,275 14,644
Total equity 49,737 49,010
Total liabilities and equity 147,482 141,286
Nonrelated Party    
LIABILITIES AND EQUITY    
Accounts payable 13,135 9,469
Related Party    
ASSETS    
Accounts receivable from related companies 166 119
LIABILITIES AND EQUITY    
Accounts payable $ 17 $ 41
[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.