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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 733 $ 338
Accounts receivable, net 2,326 1,705
Inventories 748 639
Other current assets 431 426
Total current assets 4,238 3,108
Property, plant and equipment    
Property, plant and equipment 52,274 38,454
Accumulated depreciation and amortization 6,339 5,757
Net property, plant and equipment (Note F) 45,935 32,697
Other assets    
Investments in unconsolidated affiliates (Note O) 2,316 1,874
Goodwill (Note G) 8,091 4,952
Intangible assets, net (Note G) 3,039 1,316
Other assets 450 319
Total other assets 13,896 8,461
Total assets 64,069 44,266
Current liabilities    
Current maturities of long-term debt (Note H) 1,059 484
Accounts payable 2,187 1,564
Commodity imbalances 260 244
Accrued taxes 221 215
Accrued interest 511 381
Other current liabilities 481 564
Total current liabilities 4,719 3,452
Long-term debt, excluding current maturities (Note H) 31,018 21,183
Deferred credits and other liabilities    
Deferred income taxes (Note N) 5,451 2,594
Other deferred credits 748 553
Total deferred credits and other liabilities 6,199 3,147
Commitments and contingencies (Note P)
Equity (Note I)    
Preferred stock, $0.01 par value:
authorized and issued 20,000 shares at Dec. 31, 2024, and at Dec. 31, 2023 0 0
Common stock, $0.01 par value:
authorized 1,200,000,000 shares; issued 609,713,834 shares and outstanding 583,110,633 shares at Dec. 31, 2024; issued 609,713,834 shares and outstanding 583,093,100 shares at Dec. 31, 2023 6 6
Paid-in capital 16,354 16,320
Accumulated other comprehensive loss (96) (33)
Retained earnings 1,579 868
Treasury stock, at cost: 26,603,201 shares at Dec. 31, 2024, and 26,620,734 shares at Dec. 31, 2023 (807) (677)
Total ONEOK shareholders’ equity 17,036 16,484
Noncontrolling interests in consolidated subsidiaries 5,097 0
Total equity 22,133 16,484
Total liabilities and equity $ 64,069 $ 44,266