v3.26.1
Consolidated Statement of Equity - USD ($)
$ in Millions
Total
Common Unitholders
AOCI Attributable to Parent
Noncontrolling Interest
Predecessor Equity
Limited Liability Company (LLC) Members' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2024 [1] $ 4,068       $ 4,068
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Cash distributions to unit holders, including incentive distributions [1] (159)       (159)
Limited Liability Company (LLC) Members' Equity, Unit-Based Payment Arrangement [1] 4       4
Other comprehensive loss, net of tax [1] 1       1
Units issued in acquisition [1] 5       5
Other [1] 30       30
NET INCOME [1] 207       207
Limited Liability Company (LLC) Members' Equity, Including Portion Attributable to Noncontrolling Interest at Mar. 31, 2025 [1] 4,156       4,156
Limited Liability Company (LLC) Members' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2024 [1] 4,068       4,068
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Other comprehensive loss, net of tax [1] 2        
NET INCOME [1] 293        
Limited Liability Company (LLC) Members' Equity, Including Portion Attributable to Noncontrolling Interest at Jun. 30, 2025 [1] 4,097       4,097
Limited Liability Company (LLC) Members' Equity, Including Portion Attributable to Noncontrolling Interest at Mar. 31, 2025 [1] 4,156       4,156
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Cash distributions to unit holders, including incentive distributions [1] (163)       (163)
Limited Liability Company (LLC) Members' Equity, Unit-Based Payment Arrangement [1] 5       5
Other comprehensive loss, net of tax [1] 1       1
Units issued in acquisition [1] 13       13
Other [1] (1)       (1)
NET INCOME [1] 86       86
Limited Liability Company (LLC) Members' Equity, Including Portion Attributable to Noncontrolling Interest at Jun. 30, 2025 [1] 4,097       $ 4,097
Limited Liability Company (LLC) Members' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2025 8,013 $ 2,542 $ (6) $ 5,477  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Cash distributions to unit holders, including incentive distributions (296) (48) 0 (248)  
Limited Liability Company (LLC) Members' Equity, Unit-Based Payment Arrangement 6 0 0 6  
Other comprehensive loss, net of tax (10) 0 (10) 0  
Other (6) 0 0 (6)  
NET INCOME 605 110 0 495  
Limited Liability Company (LLC) Members' Equity, Including Portion Attributable to Noncontrolling Interest at Mar. 31, 2026 8,312 2,604 (16) 5,724  
Limited Liability Company (LLC) Members' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2025 8,013 2,542 (6) 5,477  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Other comprehensive loss, net of tax (39)        
NET INCOME 878        
Limited Liability Company (LLC) Members' Equity, Including Portion Attributable to Noncontrolling Interest at Jun. 30, 2026 8,303 2,592 (45) 5,756  
Limited Liability Company (LLC) Members' Equity, Including Portion Attributable to Noncontrolling Interest at Mar. 31, 2026 8,312 2,604 (16) 5,724  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Cash distributions to unit holders, including incentive distributions (260) (51) 0 (209)  
Limited Liability Company (LLC) Members' Equity, Unit-Based Payment Arrangement 7 0 0 7  
Other comprehensive loss, net of tax (29) 0 (29) 0  
NET INCOME 273 39 0 234  
Limited Liability Company (LLC) Members' Equity, Including Portion Attributable to Noncontrolling Interest at Jun. 30, 2026 $ 8,303 $ 2,592 $ (45) $ 5,756  
[1] See Note 1 regarding change in reporting entity.