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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
OPERATING ACTIVITIES:    
Net income $ 1,720 $ 1,692
Reconciliation of net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 1,367 1,254
Deferred income tax expense (benefit) (16) 67
Inventory valuation adjustments (61) (130)
Non-cash compensation expense 37 46
Impairment loss 4 0
Losses on extinguishments of debt 2 5
Distributions on unvested awards (13) (14)
Equity in earnings of unconsolidated affiliates [1] (92) (98)
Distributions from unconsolidated affiliates 77 84
Other non-cash 14 (7)
Net change in operating assets and liabilities, net of effects of acquisitions (122) 873
Net Cash Provided by (Used in) Operating Activities, Continuing Operations 2,917 3,772
INVESTING ACTIVITIES:    
Capital expenditures, excluding allowance for equity funds used during construction (1,224) (795)
Payments for Advance to Affiliate (1) (2)
Contributions in aid of construction costs 16 25
Distributions from unconsolidated affiliates in excess of cumulative earnings 20 23
Payment for (Proceeds from) Other Investing Activity 1 0
Net Cash Provided by (Used in) Investing Activities, Continuing Operations (1,198) (1,196)
FINANCING ACTIVITIES:    
Proceeds from borrowings 10,592 8,141
Repayments of debt (10,520) (6,257)
Repayments of Senior Debt 0 (749)
Capital contributions from noncontrolling interest 2 637
Distributions to partners (1,133) (1,128)
Distributions to noncontrolling interests (455) (421)
Preferred Units, Cumulative Cash Distributions (13) (22)
Payments of Debt Issuance Costs (51) (60)
Net cash used in financing activities (1,578) (791)
Increase in cash and cash equivalents 141 1,785
Cash and cash equivalents, beginning of period 312 161
Cash and cash equivalents, end of period 453 1,946
Proceeds from Sale of Other Assets, Investing Activities 2 2
Crestwood Niobrara LLC Preferred Units    
FINANCING ACTIVITIES:    
Payments for Repurchase of Preferred Stock and Preference Stock 0 (37)
Series C and Series D Preferred Units    
FINANCING ACTIVITIES:    
Payments for Repurchase of Preferred Stock and Preference Stock 0 (895)
Edwards Lime Gathering    
INVESTING ACTIVITIES:    
Cash paid for acquisitions 0 (84)
other acquisitions    
INVESTING ACTIVITIES:    
Cash paid for acquisitions 0 (180)
Sunoco LP [Member]    
INVESTING ACTIVITIES:    
Cash paid for acquisitions $ (12) $ (185)
[1] Amounts reflected above exclude Sunoco LP’s earnings from the ET-S Permian and J.C. Nolan joint ventures, which are eliminated in consolidation.