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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES:    
Net income $ 3,684 $ 2,680
Reconciliation of net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 2,467 2,120
Deferred income taxes 55 134
Inventory valuation adjustments (98) 28
Non-cash compensation expense 76 64
Impairment losses 50 11
Loss on extinguishment of debt 11 0
Gain (Loss) on Disposition of Assets (598) 0
Distributions on unvested awards (27) (33)
Equity in earnings of unconsolidated affiliates (183) (183)
Distributions from unconsolidated affiliates 174 182
Other non-cash 11 (4)
Net change in operating assets and liabilities, net of effects of acquisitions and divestitures 420 887
Net Cash Provided by (Used in) Operating Activities, Continuing Operations 6,042 5,886
INVESTING ACTIVITIES:    
Capital expenditures, excluding allowance for equity funds used during construction (1,606) (1,729)
Payments for Advance to Affiliate (205) (1)
Contributions in aid of construction costs 50 30
Distributions from unconsolidated affiliates in excess of cumulative earnings 78 27
Proceeds from Divestiture of Businesses 990 0
Proceeds from Sale of Other Assets, Investing Activities 3 23
Net Cash Provided by (Used in) Investing Activities, Continuing Operations (1,151) (2,691)
FINANCING ACTIVITIES:    
Proceeds from borrowings 20,185 15,412
Repayments of debt (17,581) (15,549)
Repayments of Senior Debt (749) 0
Capital contributions from noncontrolling interest 637 3
Proceeds from (Payments to) Noncontrolling Interests 2 0
Distributions to partners (2,333) (2,095)
Distributions to noncontrolling interests (917) (862)
Preferred Units, Cumulative Cash Distributions (38) (24)
Payments of Debt Issuance Costs (142) (7)
Net cash used in financing activities (4,402) (3,122)
Increase in cash and cash equivalents 489 73
Cash and cash equivalents, beginning of period 161 257
Cash and cash equivalents, end of period 650 330
Series C and D Preferred Units    
FINANCING ACTIVITIES:    
Payments for Repurchase of Preferred Stock and Preference Stock (2,645) 0
Crestwood Niobrara LLC Preferred Units    
FINANCING ACTIVITIES:    
Payments for Repurchase of Preferred Stock and Preference Stock (37) 0
Sunoco LP Redemption of NuStar preferred units    
FINANCING ACTIVITIES:    
Payments for Repurchase of Preferred Stock and Preference Stock (784) 0
Edwards Lime Gathering    
INVESTING ACTIVITIES:    
Cash paid for acquisitions (84) 0
other acquisitions    
INVESTING ACTIVITIES:    
Cash paid for acquisitions (219) (111)
Lotus Midstream acquisition    
INVESTING ACTIVITIES:    
Cash paid for acquisitions 0 (930)
Nustar Acquisition    
INVESTING ACTIVITIES:    
Cash Acquired from Acquisition 27 0
Zenith Energy terminals acquisitions    
INVESTING ACTIVITIES:    
Cash paid for acquisitions $ (185) $ 0