Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 718	$ 891
Accounts receivable, net	3,442	1,972
Inventories, net	2,347	2,383
Other current assets	342	270
Total current assets	6,849	5,516
Property, plant and equipment	15,976	15,256
Accumulated depreciation	(2,156)	(1,848)
Property, plant and equipment, net	13,820	13,408
Other assets:
Operating lease right-of-use assets, net	1,518	1,449
Goodwill	3,061	3,026
Intangible assets, net	2,369	2,411
Other non-current assets	1,030	928
Investments in unconsolidated affiliates	1,611	1,624
Total assets	30,258	28,362
Current liabilities:
Accounts payable	3,427	2,485
Accounts payable to affiliates	374	331
Accrued expenses and other current liabilities	923	953
Operating lease current liabilities	172	211
Current maturities of long-term debt	12	17
Total current liabilities	4,908	3,997
Operating lease non-current liabilities	1,311	1,255
Long-term debt, net	13,920	13,372
Deferred tax liabilities	1,160	1,139
Other non-current liabilities	536	512
Total liabilities	21,911	20,353
Commitments and contingencies (Note 13)
Preferred Units, Preferred Partners' Capital Accounts	$ 1,478	$ 1,507
Preferred Units, Issued	1,500,000	1,500,000
Preferred Units, Outstanding	1,500,000	1,500,000
Equity:
Total equity	$ 8,347	$ 8,009
Accumulated other comprehensive loss	(16)	(6)
Total liabilities and equity	30,258	28,362
Related Party
Current liabilities:
Advances from affiliates	$ 76	$ 78
Common Units [Member]
Current liabilities:
Limited Partners' Capital Account, Units Issued	136,894,754	136,866,854
Common unitholders	$ 4,246	$ 3,970
Equity:
Limited Partners' Capital Account, Units Outstanding	136,894,754	136,866,854
Class C Units [Member]
Current liabilities:
Limited Partners' Capital Account, Units Issued	16,410,780	16,410,780
Common unitholders	$ 0	$ 0
Equity:
Limited Partners' Capital Account, Units Outstanding	16,410,780	16,410,780
Class D unitholders
Current liabilities:
Limited Partners' Capital Account, Units Issued	51,517,198	51,517,198
Common unitholders	$ 2,639	$ 2,538
Equity:
Limited Partners' Capital Account, Units Outstanding	51,517,198	51,517,198

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to affiliated entities for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

No definition available.