v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 1,020 $ 1,272
Accounts receivable, net 16,818 11,275
Accounts receivable from related companies 223 119
Inventories 4,385 4,770
Income taxes receivable 28 57
Derivative assets 12 52
Other current assets 627 688
Total current assets 23,113 18,233
Property, plant and equipment 146,073 141,283
Accumulated depreciation and depletion (41,977) (39,141)
Property, plant and equipment, net 104,096 102,142
Investments in unconsolidated affiliates 3,637 3,589
Lease right-of-use assets, net 1,939 1,841
Other non-current assets, net 2,615 2,591
Intangible assets, net 7,160 7,438
Goodwill 5,608 5,452
Total assets 148,168 141,286
LIABILITIES AND EQUITY    
Derivative liabilities 8 10
Operating lease current liabilities 215 245
Accrued and other current liabilities 5,856 5,165
Current maturities of long-term debt 12 25
Total current liabilities 19,858 14,955
Long-term debt, less current maturities 68,393 68,308
Non-current operating lease liabilities 1,621 1,515
Deferred income taxes 5,572 5,307
Other non-current liabilities 1,946 1,941
Commitments and contingencies
Redeemable noncontrolling interests 256 250
Limited Partners:    
Preferred Unitholders 3,356 3,356
Common Unitholders 31,927 30,930
General Partner (1) (2)
Accumulated other comprehensive income 49 82
Total partners’ capital 35,331 34,366
Noncontrolling interests 15,191 14,644
Total equity 50,522 49,010
Total liabilities and equity 148,168 141,286
Nonrelated Party    
LIABILITIES AND EQUITY    
Accounts payable 13,720 9,469
Related Party    
LIABILITIES AND EQUITY    
Accounts payable $ 47 $ 41