v3.26.3
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
OPERATING ACTIVITIES:    
NET INCOME $ 1,350 $ 430 [1]
Reconciliation of net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 848 469 [1]
Amortization of deferred debt issuance costs 25 20 [1]
Loss on disposal of assets and impairment charges 12 4 [1]
Loss on extinguishment of debt 2 31 [1]
Non-cash unit-based compensation expense 20 14 [1]
Inventory valuation adjustments (445) (31) [1]
Equity in earnings of unconsolidated affiliates (120) (103) [1]
Distributions from unconsolidated affiliates 120 156 [1]
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital 316 (220) [1]
Net change in operating assets and liabilities, net of effects of acquisitions and divestitures    
Net cash provided by operating activities 2,251 800 [1]
INVESTING ACTIVITIES:    
Contributions to unconsolidated affiliates (40) (57) [1]
Distributions from unconsolidated affiliates in excess of cumulative earnings 55 59 [1]
Net cash used in investing activities (920) (594) [1]
FINANCING ACTIVITIES:    
Senior notes borrowings 1,200 2,900 [1]
Net cash (used in) provided by financing activities (1,462) 2,939 [1]
Cash and cash equivalents, beginning of period 891 94 [1]
Cash and cash equivalents, end of period 760 3,239 [1]
Net change in cash and cash equivalents (131) 3,145 [1]
Noncash Investing and Financing Items [Abstract]    
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Other Item (25) 28 [1]
Deferred Income Tax Expense (Benefit) 54 2 [1]
Payments for Capital Improvements (579) (418) [1]
Proceeds from disposal of property, plant and equipment 0 11 [1]
Payments of Loan Costs (15) (36) [1]
Proceeds from Issuance of Preferred Limited Partners Units 0 1,473
Cash distributions to predecessor equity, including incentive distributions 0 (488) [1]
Cash distributions to noncontrolling interests (729) 0 [1]
Distribution Made to Limited Liability Company (LLC) Member, Cash Distributions Paid (151) 0 [1]
Gain (Loss), Foreign Currency Transaction, before Tax 94 0
Senior Notes    
Noncash Investing and Financing Items [Abstract]    
Repayments of Long-Term Debt (1,878) (632) [1]
GoZone Bonds    
Noncash Investing and Financing Items [Abstract]    
Repayments of Long-Term Debt 0 (75)
Credit Facility    
FINANCING ACTIVITIES:    
Credit Facility borrowings 2,917 2,081 [1]
Credit Facility repayments (2,806) (2,284) [1]
Other Acquisitions    
INVESTING ACTIVITIES:    
Cash paid for other acquisitions (87) (189) [1]
TanQuid    
INVESTING ACTIVITIES:    
Cash paid for other acquisitions (194) 0 [1]
Delta Acquisition    
INVESTING ACTIVITIES:    
Cash paid for other acquisitions $ (75) $ 0
[1] See Note 1 regarding change in reporting entity.