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Six Months Ended June 30, |
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2026 |
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2025 |
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Cash: |
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Interest paid, net of capitalized interest (1) |
$ |
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419.9 |
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$ |
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363.4 |
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Income taxes paid, net of refunds |
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1.2 |
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21.1 |
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Non-cash investing activities: |
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Change in deadstock commodity inventory |
$ |
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11.3 |
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$ |
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(3.8 |
) |
Impact of net accruals on capital expenditures |
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203.1 |
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(187.4 |
) |
Change in ARO liability and property, plant and equipment, net due to additions and revised cash flow estimates |
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10.8 |
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1.0 |
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Non-cash financing activities: |
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Changes in accrued distributions to noncontrolling interests |
$ |
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(0.3 |
) |
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$ |
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(13.5 |
) |
Changes in lease liabilities from recognition (derecognition) of right-of-use assets: |
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Operating lease |
$ |
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25.3 |
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$ |
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(2.5 |
) |
Finance lease (2) |
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490.8 |
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36.5 |
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(1)Interest capitalized on major projects was $61.0 million and $32.4 million for the six months ended June 30, 2026 and 2025. (2)The amount for the six months ended June 30, 2026 includes activity related to the amendment of a compressor lease agreement. See “Note 8 – Leases” for further details.
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