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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 453 $ 312
Accounts receivable, net 11,302 10,191
Inventories 2,787 3,070
Income taxes receivable 91 56
Derivative assets 6 9
Other current assets 467 477
Total current assets 15,237 14,202
Property, plant and equipment 130,496 129,242
Accumulated depreciation and depletion (35,257) (34,030)
Property, Plant and Equipment, Net 95,239 95,212
Investments in unconsolidated affiliates [1] 3,260 3,266
Lease right-of-use assets, net 829 809
Other non-current assets, net 2,069 2,017
Intangible assets, net 5,888 5,971
Goodwill 3,903 3,903
Total assets 126,425 125,380
LIABILITIES AND EQUITY    
Accounts payable 8,991 8,306
Accounts Payable, Other, Current 8 19
Derivative liabilities 20 15
Operating lease current liabilities 66 67
Accrued and other current liabilities 4,479 4,241
Current maturities of long-term debt 7 8
Total current liabilities 13,571 12,656
Long-term debt, less current maturities 59,782 59,752
Non-current operating lease liabilities 752 730
Deferred income taxes 4,179 4,190
Other non-current liabilities 1,561 1,618
Commitments and contingencies
Redeemable noncontrolling interests 418 417
Preferred Unitholders 3,892 3,852
Limited Partners:    
Common Unitholders 31,364 31,195
General Partner (2) (2)
Accumulated other comprehensive income 64 73
Total partners’ capital 35,318 35,118
Noncontrolling interests 10,844 10,899
Total equity 46,162 46,017
Total liabilities and equity 126,425 125,380
Related Party    
ASSETS    
Accounts receivable from related companies $ 131 $ 87
[1] Amounts reflected above exclude Sunoco LP’s investments in the ET-S Permian and J.C. Nolan joint ventures, which are eliminated in consolidation.