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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
NET INCOME $ 5,294 $ 5,868 $ 6,687
Reconciliation of net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 4,385 4,164 3,817
Deferred Income Tax Expense (Benefit) 203 187 141
Inventory valuation adjustments 114 (5) (190)
Non-cash compensation expense 130 115 111
Impairment losses and other 12 386 21
(Gains) losses on extinguishments of debt (2) 0 38
Distributions on unvested awards 68 73 47
Distributions from unconsolidated affiliates 353 232 212
Equity in earnings of unconsolidated affiliates (383) (257) (246)
Other non-cash 32 64 (103)
Net change in operating assets and liabilities, net of effects of acquisitions (451) (1,502) 515
Net cash provided by operating activities 9,555 9,051 11,162
INVESTING ACTIVITIES:      
Cash paid for acquisitions, net of cash received (111) (1,141) (205)
Capital expenditures, excluding allowance for equity funds used during construction (3,134) (3,381) (2,822)
Contributions in aid of construction costs 40 56 43
Contributions to unconsolidated affiliates (6) 0 (4)
Distributions from unconsolidated affiliates in excess of cumulative earnings 63 62 167
Proceeds from Sale of Equity Method Investments 0 302 0
Proceeds from sales of other assets 38 78 45
Other 3 2 1
Net cash used in investing activities (4,325) (4,022) (2,775)
FINANCING ACTIVITIES:      
Proceeds from borrowings 32,130 28,838 21,267
Repayments of debt (31,416) (29,681) (27,318)
Preferred units issued for cash 0 0 889
Distributions to partners (4,248) (3,047) (1,898)
Distributions to noncontrolling interests (1,691) (1,547) (1,487)
Distributions to redeemable noncontrolling interests 59 49 49
Common units repurchased under buyback program 0 0 (31)
Debt issuance costs (45) (27) (14)
Capital contributions from noncontrolling interests 3 405 226
Other, net 0 0 (3)
Net cash used in financing activities (5,326) (5,108) (8,418)
Decrease in cash and cash equivalents (96) (79) (31)
Cash and cash equivalents, beginning of period 257 336 367
Cash and cash equivalents, end of period 161 257 336
Crestwood Acquisition      
INVESTING ACTIVITIES:      
Cash paid for acquisitions, net of cash received (288) 0 0
Lotus Midstream Acquisition      
INVESTING ACTIVITIES:      
Cash paid for acquisitions, net of cash received $ (930) $ 0 $ 0