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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Accounts receivable, net $ 9,886 $ 10,191
Accounts receivable from related companies 148 87
Inventories 3,269 3,070
Income taxes receivable 6 56
Derivative assets 20 9
Other current assets 539 477
Total current assets 17,442 14,202
Property, plant and equipment 133,835 129,242
Accumulated depreciation and depletion (37,806) (34,030)
Property, Plant and Equipment, Net 96,029 95,212
Investments in unconsolidated affiliates [1] 3,269 3,266
Lease right-of-use assets, net 880 809
Other non-current assets, net 2,148 2,017
Intangible assets, net 5,660 5,971
Goodwill 3,903 3,903
Total assets 129,331 125,380
LIABILITIES AND EQUITY    
Accounts payable 7,299 8,306
Accounts Payable, Other, Current 37 19
Derivative liabilities 15 15
Operating lease current liabilities 67 67
Accrued and other current liabilities 4,984 4,241
Current maturities of long-term debt 8 8
Total current liabilities 12,410 12,656
Long-term debt, less current maturities 63,096 59,752
Non-current operating lease liabilities 803 730
Deferred income taxes 4,263 4,190
Other non-current liabilities 1,615 1,618
Commitments and contingencies
Redeemable noncontrolling interests 1,800 417
Preferred Unitholders 3,388 3,852
Limited Partners:    
Common Unitholders 31,223 31,195
General Partner (2) (2)
Accumulated other comprehensive income 68 73
Total partners’ capital 34,677 35,118
Noncontrolling interests 10,667 10,899
Total equity 45,344 46,017
Total liabilities and equity 129,331 125,380
Cash and Cash Equivalent $ 3,574 $ 312
[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.