v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL - USD ($)
$ in Millions
Total
Common Units
Series A Preferred Stock
Noncontrolling Interests
Noncontrolling Interests
Common Units
Noncontrolling Interests
Series A Preferred Stock
Class A Shareholders
Class A Shareholders
Limited Partners
Class A Shareholders
Class A Shareholders
Limited Partners
Common Units
Class A Shareholders
Class A Shareholders
Limited Partners
Series A Preferred Stock
Beginning balance at Dec. 31, 2024 $ 14,316     $ 12,965     $ 1,351    
Increase (Decrease) in Partners' Capital                  
Net income 775     661     114    
Distributions (874)     (724)     (150)    
Other comprehensive (loss) income 192     138     54    
Repurchase of units   $ (8) $ (313)   $ (9) $ (301)   $ 1 $ (12)
Contributions from noncontrolling interests 29     29          
Other 8     12     (4)    
Ending balance at Jun. 30, 2025 14,125     12,771     1,354    
Beginning balance at Mar. 31, 2025 14,060     12,704     1,356    
Increase (Decrease) in Partners' Capital                  
Net income 283     253     30    
Distributions (418)     (343)     (75)    
Other comprehensive (loss) income 187     134     53    
Repurchase of units   $ (8)     $ (9)     $ 1  
Contributions from noncontrolling interests 25     25          
Other (4)     7     (11)    
Ending balance at Jun. 30, 2025 14,125     12,771     1,354    
Beginning balance at Dec. 31, 2025 14,216     12,871     1,345    
Ending balance at Mar. 31, 2026 13,952     12,678     1,274    
Beginning balance at Dec. 31, 2025 14,216     12,871     1,345    
Increase (Decrease) in Partners' Capital                  
Net income 2,037     1,629     408    
Distributions (898)     (733)     (165)    
Other comprehensive (loss) income (63)     (45)     (18)    
Other 22     12     10    
Ending balance at Jun. 30, 2026 15,314     13,734     1,580    
Beginning balance at Mar. 31, 2026 13,952     12,678     1,274    
Increase (Decrease) in Partners' Capital                  
Net income 1,815     1,426     389    
Distributions (449)     (366)     (83)    
Other comprehensive (loss) income (13)     (9)     (4)    
Other 9     5     4    
Ending balance at Jun. 30, 2026 $ 15,314     $ 13,734     $ 1,580