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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 284 $ 220
Accounts receivable, net 1,571 1,532
Materials and supplies 142 149
Inventories 869 432
Commodity imbalances 22 43
Other current assets 300 172
Total current assets 3,188 2,548
Property, plant and equipment    
Property, plant and equipment 37,626 25,015
Accumulated depreciation and amortization 5,537 5,063
Net property, plant and equipment 32,089 19,952
Other assets    
Investments in unconsolidated affiliates 1,795 802
Goodwill 5,682 528
Intangible assets, net 861 225
Other assets 324 324
Total other assets 8,662 1,879
Total assets 43,939 24,379
Current liabilities    
Current maturities of long-term debt (Note F) 500 925
Accounts payable 1,619 1,359
Commodity imbalances 248 254
Accrued taxes 220 136
Accrued interest 218 233
Operating lease liability 32 12
Other current liabilities 461 132
Total current liabilities 3,298 3,051
Long-term debt, excluding current maturities (Note F) 21,450 12,696
Deferred credits and other liabilities    
Deferred income taxes 2,349 1,739
Operating lease liability 77 68
Other deferred credits 466 331
Total deferred credits and other liabilities 2,892 2,138
Commitments and contingencies (Note K)
Equity (Note G)    
Preferred stock, $0.01 par value:
 authorized and issued 20,000 shares at September 30, 2023, and December 31, 2022   0
Common stock, $0.01 par value: authorized 1,200,000,000 shares; issued 609,713,834 shares and outstanding 582,536,892 shares at September 30, 2023; issued 474,916,234 shares and outstanding 447,157,771 shares at December 31, 2022 6 5
Paid-in capital 16,315 7,253
Accumulated other comprehensive loss (Note H) (68) (108)
Retained earnings 737 50
Treasury stock, at cost: 27,176,942 shares at September 30, 2023, and 27,758,463 shares at December 31, 2022 (691) (706)
Total equity 16,299 6,494
Total liabilities and equity $ 43,939 $ 24,379