v3.26.3
UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED EQUITY - USD ($)
$ in Millions
Total
Common Limited Partner Interests
Treasury Units
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests in Consolidated Subsidiaries
Beginning balance at Dec. 31, 2024 $ 29,589 $ 29,793 $ (1,297) $ 236 $ 857
Increase (Decrease) in Partners' Equity [Roll Forward]          
Net income 4,213 4,166 0 0 47
Cash distributions paid to common unitholders (3,499) (3,499) 0 0 0
Cash payments made in connection with distribution equivalent rights (33) (33) 0 0 0
Cash distributions paid to noncontrolling interests (68) 0 0 0 (68)
Cash contributions from noncontrolling interests 5 0 0 0 5
Repurchase and cancellation of common units under 2019 Buyback Program (250) (250) 0 0 0
Amortization of fair value of equity-based awards 147 147 0 0 0
Cash flow hedges 28 0 0 28 0
Other, net (82) (82) 0 0 0
Ending balance at Sep. 30, 2025 30,050 30,242 (1,297) 264 841
Beginning balance at Jun. 30, 2025 29,919 30,127 (1,297) 236 853
Increase (Decrease) in Partners' Equity [Roll Forward]          
Net income 1,355 1,338 0 0 17
Cash distributions paid to common unitholders (1,180) (1,180) 0 0 0
Cash payments made in connection with distribution equivalent rights (11) (11) 0 0 0
Cash distributions paid to noncontrolling interests (29) 0 0 0 (29)
Repurchase and cancellation of common units under 2019 Buyback Program (80) (80) 0 0 0
Amortization of fair value of equity-based awards 49 49 0 0 0
Cash flow hedges 28 0 0 28 0
Other, net (1) (1) 0 0 0
Ending balance at Sep. 30, 2025 30,050 30,242 (1,297) 264 841
Beginning balance at Dec. 31, 2025 30,570 30,700 (1,297) 336 831
Increase (Decrease) in Partners' Equity [Roll Forward]          
Net income 4,987 4,946 0 0 41
Cash distributions paid to common unitholders (3,588) (3,588) 0 0 0
Cash payments made in connection with distribution equivalent rights (35) (35) 0 0 0
Cash distributions paid to noncontrolling interests (66) 0 0 0 (66)
Cash contributions from noncontrolling interests 1 0 0 0 1
Repurchase and cancellation of common units under 2019 Buyback Program (387) (387) 0 0 0
Amortization of fair value of equity-based awards 167 167 0 0 0
Cash flow hedges (379) 0 0 (379) 0
Other, net (84) (84) 0 0 0
Ending balance at Sep. 30, 2026 31,186 31,719 (1,297) (43) 807
Beginning balance at Jun. 30, 2026 31,064 31,371 (1,297) 174 816
Increase (Decrease) in Partners' Equity [Roll Forward]          
Net income 1,637 1,624 0 0 13
Cash distributions paid to common unitholders (1,209) (1,209) 0 0 0
Cash payments made in connection with distribution equivalent rights (12) (12) 0 0 0
Cash distributions paid to noncontrolling interests (22) 0 0 0 (22)
Repurchase and cancellation of common units under 2019 Buyback Program (112) (112) 0 0 0
Amortization of fair value of equity-based awards 58 58 0 0 0
Cash flow hedges (217) 0 0 (217) 0
Other, net (1) (1) 0 0 0
Ending balance at Sep. 30, 2026 $ 31,186 $ 31,719 $ (1,297) $ (43) $ 807