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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 283 $ 180
Restricted cash 101 140
Inventories 3,257 3,352
Derivative assets 323 347
Prepaid and other current assets 531 457
Total current assets 12,093 12,248
Property, plant and equipment, net 46,431 45,804
Investments in unconsolidated affiliates 2,321 2,330
Intangible assets, net 3,720 3,770
Goodwill 5,608 5,608
Other assets 1,200 1,222
Total assets 71,373 70,982
Current liabilities:    
Current maturities of debt 1,149 1,300
Accrued product payables 9,297 8,911
Accrued interest 254 455
Derivative liabilities 332 396
Other current liabilities 544 675
Total current liabilities 13,030 13,131
Long-term debt 28,285 27,448
Deferred tax liabilities 620 611
Other long-term liabilities 912 984
Commitments and contingent liabilities
Redeemable preferred limited partner interests:    
Series A cumulative convertible preferred units (50,412 units outstanding at March 31, 2024 and December 31, 2023) 49 49
Partners' equity:    
Common limited partner interests (2,171,558,354 units issued and outstanding at March 31, 2024 and 2,168,245,238 units issued and outstanding at December 31, 2023) 28,831 28,663
Treasury units, at cost (1,297) (1,297)
Accumulated other comprehensive income 143 307
Total partners' equity 27,677 27,673
Noncontrolling interests in consolidated subsidiaries 800 1,086
Total equity 28,477 28,759
Total liabilities, preferred units, and equity 71,373 70,982
Nonrelated Party [Member]    
Current assets:    
Accounts receivable, net 7,592 7,765
Current liabilities:    
Accounts payable 1,372 1,195
Related Party [Member]    
Current assets:    
Accounts receivable, net 6 7
Current liabilities:    
Accounts payable $ 82 $ 199