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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
OPERATING ACTIVITIES:    
Net income $ 4,470 $ 5,118
Reconciliation of net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 4,191 3,791
Deferred income tax expense 68 165
Inventory valuation adjustments (31) 99
Non-cash compensation expense 110 113
Impairment losses 8 50
Losses on extinguishments of debt 31 11
Distributions on unvested awards (39) (40)
Equity in earnings of unconsolidated affiliates [1] (313) (285)
Gain (Loss) on Disposition of Assets 0 (598)
Distributions from unconsolidated affiliates 236 263
Other non-cash 3 39
Net change in operating assets and liabilities, net of effects of acquisitions and divestitures (483) 190
Net Cash Provided by (Used in) Operating Activities, Continuing Operations 8,251 8,916
INVESTING ACTIVITIES:    
Capital expenditures, excluding allowance for equity funds used during construction (4,180) (2,692)
Payments for Advance to Affiliate (5) (205)
Contributions in aid of construction costs 27 57
Distributions from unconsolidated affiliates in excess of cumulative earnings 77 60
Proceeds from Divestiture of Businesses 0 990
Payment for (Proceeds from) Other Investing Activity 19 14
Net Cash Provided by (Used in) Investing Activities, Continuing Operations (4,427) (4,435)
FINANCING ACTIVITIES:    
Proceeds from borrowings 26,875 26,583
Repayments of debt (23,467) (22,345)
Payments for Repurchase of Preferred Stock and Preference Stock (500) (2,645)
Proceeds from (Payments to) Noncontrolling Interests 0 2
Capital contributions from noncontrolling interest 27 637
Distributions to partners (3,504) (3,433)
Distributions to noncontrolling interests (1,310) (1,379)
Preferred Units, Cumulative Cash Distributions (45) (51)
Payments of Debt Issuance Costs (111) (142)
Net cash used in financing activities (562) (4,343)
Increase in cash and cash equivalents 3,262 138
Cash and cash equivalents, beginning of period   161
Cash and cash equivalents, end of period 3,574 299
USAC investments in government securities in connection with legal defeasance of senior notes    
FINANCING ACTIVITIES:    
Repayments of debt 0 (749)
Preferred units issued for cash 1,473 0
Crestwood Niobrara LLC Preferred Units    
FINANCING ACTIVITIES:    
Payments for Repurchase of Preferred Stock and Preference Stock 0 (37)
Sunoco LP Redemption of NuStar preferred units    
FINANCING ACTIVITIES:    
Payments for Repurchase of Preferred Stock and Preference Stock 0 (784)
Edwards Lime Gathering    
INVESTING ACTIVITIES:    
Cash paid for acquisitions 0 (84)
other acquisitions    
INVESTING ACTIVITIES:    
Cash paid for acquisitions (176) (219)
Sunoco LP [Member]    
INVESTING ACTIVITIES:    
Cash paid for acquisitions (189) (182)
WTG Midstream    
INVESTING ACTIVITIES:    
Cash paid for acquisitions $ 0 $ (2,174)
[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.