v3.26.3
Condensed Consolidated Statements of Changes in Equity - USD ($)
shares in Millions, $ in Millions
Total
Noncontrolling Interests
Common Units, Units
Common Units, Amount
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Beginning balance, units at Dec. 31, 2024     93.5      
Beginning balance at Dec. 31, 2024 $ 12,866 $ 9,651   $ 3,221 $ (6) $ 9,651
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common units (in shares)     0.5      
Issuance of common units 3     3    
Net income (loss) (355)     (56)   (299)
Other comprehensive income 1       1 0
Related Party Contributions 5 5       5
Distributions, primarily to related parties (86) (86)       (86)
Other differential membership investment activity 150         150
Changes in non-economic ownership interests (309) (309)       (309)
Buyout of Class B noncontrolling interest investors (1,150) (1,151)   1   (1,151)
Buyout of differential membership investors (75) (70)   (5)   (70)
Payments to Class B noncontrolling interest investors (71) (71)       (71)
Other – net (2) 0   (2)   0
Ending balance, units at Sep. 30, 2025     94.0      
Ending balance at Sep. 30, 2025 10,977 7,820   3,162 (5) 7,820
Beginning balance, units at Jun. 30, 2025     94.0      
Beginning balance at Jun. 30, 2025 11,271 8,077   3,200 (6) 8,077
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common units 1     1    
Net income (loss) (64)     (37)   (27)
Other comprehensive income 1       1 0
Distributions, primarily to related parties (44) (44)       (44)
Other differential membership investment activity 92         92
Buyout of Class B noncontrolling interest investors (219) (220)   1   (220)
Buyout of differential membership investors (27) (25)   (2)   (25)
Payments to Class B noncontrolling interest investors (33) (33)       (33)
Other – net (1)     (1)   0
Ending balance, units at Sep. 30, 2025     94.0      
Ending balance at Sep. 30, 2025 $ 10,977 7,820   3,162 (5) 7,820
Beginning balance, units at Dec. 31, 2025 94.0   94.0      
Beginning balance at Dec. 31, 2025 $ 10,899 7,709   3,195 (5) 7,709
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common units (in shares)     0.3      
Issuance of common units 2     2    
Net income (loss) 58     122   (64)
Other comprehensive income 1       0 1
Related Party Contributions 89 89       89
Distributions, primarily to related parties (85) (85)       (85)
Other differential membership investment activity 119         119
Buyout of Class B noncontrolling interest investors (159) (149)   (10)   (149)
Buyout of differential membership investors (181) (154)   (27)   (154)
Payments to Class B noncontrolling interest investors (67) (67)       (67)
Other – net $ 3 (1)   4   (1)
Ending balance, units at Sep. 30, 2026 94.3   94.3      
Ending balance at Sep. 30, 2026 $ 10,679 7,398   3,286 (5) 7,398
Beginning balance, units at Jun. 30, 2026     94.3      
Beginning balance at Jun. 30, 2026 10,610 7,373   3,242 (5) 7,373
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of common units 1     1    
Net income (loss) 93     51   42
Related Party Contributions 34 34       34
Distributions, primarily to related parties (49) (49)       (49)
Other differential membership investment activity 65         65
Buyout of differential membership investors (39) (33)   (6)   (33)
Payments to Class B noncontrolling interest investors (34) (34)       (34)
Other – net $ (2)     (2)   0
Ending balance, units at Sep. 30, 2026 94.3   94.3      
Ending balance at Sep. 30, 2026 $ 10,679 $ 7,398   $ 3,286 $ (5) $ 7,398