v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES:    
NET INCOME $ 878 $ 293 [1]
Reconciliation of net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 568 310 [1]
Amortization of deferred financing fees 18 8 [1]
Loss on disposal of assets and impairment charges 2 1 [1]
Loss on extinguishment of debt 1 19 [1]
Non-cash unit-based compensation expense 13 9 [1]
Inventory valuation adjustments (426) (21) [1]
Equity in earnings of unconsolidated affiliates (89) (63) [1]
Distributions from unconsolidated affiliates 89 117 [1]
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital 345 (296) [1]
Net change in operating assets and liabilities, net of effects of acquisitions and divestitures    
Net cash provided by operating activities 1,555 399 [1]
INVESTING ACTIVITIES:    
Contributions to unconsolidated affiliates (26) (40) [1]
Distributions from unconsolidated affiliates in excess of cumulative earnings 37 47 [1]
Net cash used in investing activities (698) (350) [1]
FINANCING ACTIVITIES:    
Senior notes borrowings 1,200 1,000 [1]
Net cash provided by (used in) financing activities (975) (27) [1]
Cash and cash equivalents, beginning of period 891 94 [1]
Cash and cash equivalents, end of period 773 116 [1]
Net change in cash and cash equivalents (118) 22 [1]
Noncash Investing and Financing Items [Abstract]    
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Other Item (17) 28 [1]
Deferred Income Tax Expense (Benefit) 59 (6) [1]
Payments for Capital Improvements (372) (261) [1]
Proceeds from disposal of property, plant and equipment 4 8 [1]
Payments of Loan Costs (15) (13) [1]
Cash distributions to predecessor equity, including incentive distributions 0 (322) [1]
Cash distributions to noncontrolling interests (457) 0 [1]
Distribution Made to Limited Liability Company (LLC) Member, Cash Distributions Paid (99) 0 [1]
Gain (Loss), Foreign Currency Transaction, before Tax 114 0
Senior Notes    
Noncash Investing and Financing Items [Abstract]    
Repayments of Long-Term Debt (1,604) (620) [1]
GoZone Bonds    
Noncash Investing and Financing Items [Abstract]    
Repayments of Long-Term Debt 0 (75)
Credit Facility    
FINANCING ACTIVITIES:    
Credit Facility borrowings 1,896 1,536 [1]
Credit Facility repayments (1,896) (1,533) [1]
Other Acquisitions    
INVESTING ACTIVITIES:    
Cash paid for other acquisitions (72) (104) [1]
TanQuid    
INVESTING ACTIVITIES:    
Cash paid for other acquisitions (194) 0 [1]
Delta Acquisition    
INVESTING ACTIVITIES:    
Cash paid for other acquisitions $ (75) $ 0
[1] See Note 1 regarding change in reporting entity.