Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025	Jun. 30, 2025
Current assets:
Cash and cash equivalents	$ 773	$ 891	$ 116
Accounts receivable, net	3,284	1,972
Inventories, net	2,390	2,383
Other current assets	269	270
Total current assets	6,782	5,516
Property, plant and equipment	16,000	15,256
Accumulated depreciation	(2,332)	(1,848)
Property, plant and equipment, net	13,668	13,408
Other assets:
Operating lease right-of-use assets, net	1,496	1,449
Goodwill	3,064	3,026
Intangible assets, net	2,343	2,411
Other non-current assets	963	928
Investments in unconsolidated affiliates	1,610	1,624
Total assets	29,926	28,362
Current liabilities:
Accounts payable	3,516	2,485
Accounts payable to affiliates	496	331
Accrued expenses and other current liabilities	1,062	953
Operating lease current liabilities	182	211
Current maturities of long-term debt	6	17
Total current liabilities	5,262	3,997
Operating lease non-current liabilities	1,345	1,255
Long-term debt, net	13,308	13,372
Deferred tax liabilities	1,059	1,139
Other non-current liabilities	528	512
Total liabilities	21,578	20,353
Commitments and contingencies (Note 13)
Preferred Units, Preferred Partners' Capital Accounts	$ 1,507	$ 1,507
Preferred Units, Issued	1,500,000	1,500,000
Preferred Units, Outstanding	1,500,000	1,500,000
Common unitholders			4,099
Equity:
Total equity	$ 8,348	$ 8,009	4,097
Accumulated other comprehensive loss	(45)	(6)	$ (2)
Total liabilities and equity	29,926	28,362
Related Party
Current assets:
Other Receivables, Net, Current	66	0
Current liabilities:
Advances from affiliates	$ 76	$ 78
Common Units [Member]
Current liabilities:
Limited Partners' Capital Account, Units Issued	136,895,901	136,866,854
Common unitholders	$ 4,249	$ 3,970
Equity:
Limited Partners' Capital Account, Units Outstanding	136,895,901	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	$ 2,637	$ 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.