v3.26.1
Condensed Consolidated Statements of Changes in Equity - USD ($)
shares in Millions, $ in Millions
Total
Noncontrolling Interests
Common Units, Units
Common Units, Amount
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Beginning balance, units at Dec. 31, 2024     93.5      
Beginning balance at Dec. 31, 2024 $ 12,866 $ 9,651   $ 3,221 $ (6) $ 9,651
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common units (in shares)     0.5      
Issuance of common units 2     2    
Net income (loss) (292)     (19)   (273)
Related Party Contributions 5 5       5
Distributions, primarily to related parties (42) (42)       (42)
Other differential membership investment activity 59         59
Changes in non-economic ownership interests (309) (309)       (309)
Buyout of Class B noncontrolling interest investors (931) (931)       (931)
Buyout of differential membership investors (48) (45)   (3)   (45)
Payments to Class B noncontrolling interest investors (38) (38)       (38)
Other – net (1)     (1)   0
Ending balance, units at Jun. 30, 2025     94.0      
Ending balance at Jun. 30, 2025 11,271 8,077   3,200 (6) 8,077
Beginning balance, units at Mar. 31, 2025     94.0      
Beginning balance at Mar. 31, 2025 12,554 9,437   3,123 (6) 9,437
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common units 1     1    
Net income (loss) 36     79   (43)
Related Party Contributions 1 1       1
Distributions, primarily to related parties (21) (21)       (21)
Other differential membership investment activity (15)         (15)
Changes in non-economic ownership interests (309) (309)       (309)
Buyout of Class B noncontrolling interest investors (931) (931)       (931)
Buyout of differential membership investors (28) (25)   (3)   (25)
Payments to Class B noncontrolling interest investors (17) (17)       (17)
Ending balance, units at Jun. 30, 2025     94.0      
Ending balance at Jun. 30, 2025 $ 11,271 8,077   3,200 (6) 8,077
Beginning balance, units at Dec. 31, 2025 94.0   94.0      
Beginning balance at Dec. 31, 2025 $ 10,899 7,709   3,195 (5) 7,709
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common units (in shares)     0.3      
Issuance of common units 1     1    
Net income (loss) (35)     71   (106)
Related Party Contributions 54 54       54
Distributions, primarily to related parties (35) (35)       (35)
Other differential membership investment activity 54         54
Buyout of Class B noncontrolling interest investors (158) (149)   (9)   (149)
Buyout of differential membership investors (141) (120)   (21)   (120)
Payments to Class B noncontrolling interest investors (33) (33)       (33)
Other – net $ 4 (1)   5   (1)
Ending balance, units at Jun. 30, 2026 94.3   94.3      
Ending balance at Jun. 30, 2026 $ 10,610 7,373   3,242 (5) 7,373
Beginning balance, units at Mar. 31, 2026     94.3      
Beginning balance at Mar. 31, 2026 10,733 7,530   3,208 (5) 7,530
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common units 1     1    
Net income (loss) 13     38   (25)
Related Party Contributions 45 45       45
Distributions, primarily to related parties (10) (10)       (10)
Other differential membership investment activity (6)         (6)
Buyout of Class B noncontrolling interest investors (158) (149)   (9)   (149)
Payments to Class B noncontrolling interest investors (13) (13)       (13)
Other – net $ 5 1   4   1
Ending balance, units at Jun. 30, 2026 94.3   94.3      
Ending balance at Jun. 30, 2026 $ 10,610 $ 7,373   $ 3,242 $ (5) $ 7,373