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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 141 $ 733
Accounts receivable, net 2,651 2,326
Inventories 905 748
Other current assets 419 431
Total current assets 4,116 4,238
Property, plant and equipment    
Property, plant and equipment 52,888 52,274
Accumulated depreciation and amortization 6,658 6,339
Net property, plant and equipment 46,230 45,935
Other assets    
Investments in unconsolidated affiliates 2,405 2,316
Goodwill 8,094 8,091
Intangible assets, net 3,002 3,039
Other assets 416 450
Total other assets 13,917 13,896
Total assets 64,263 64,069
Current liabilities    
Current maturities of long-term debt (Note E) 2,059 1,059
Short-term borrowings (Note E) 200 0
Accounts payable 2,437 2,187
Commodity imbalances 319 260
Accrued interest 461 511
Other current liabilities 707 702
Total current liabilities 6,183 4,719
Long-term debt, excluding current maturities 29,781 31,018
Deferred credits and other liabilities    
Deferred income taxes 5,591 5,451
Other deferred credits 588 748
Total deferred credits and other liabilities 6,179 6,199
Commitments and contingencies (Note J)
Equity (Note F)    
Preferred stock, $0.01 par value: authorized and issued 20,000 shares at March 31, 2025, and December 31, 2024 0 0
Common stock, $0.01 par value: authorized $1,200,000,000 shares; issued $651,056,373 shares and outstanding $624,626,545 shares at March 31, 2025; issued $609,713,834 shares and outstanding $583,110,633 shares at December 31, 2024 7 6
Paid-in capital 20,721 16,354
Accumulated other comprehensive loss (123) (96)
Retained earnings 1,569 1,579
Treasury stock, at cost: 26,429,828 shares at March 31, 2025, and 26,603,201 shares at December 31, 2024 (810) (807)
Total ONEOK shareholders’ equity 21,364 17,036
Noncontrolling interests in consolidated subsidiaries 756 5,097
Total equity 22,120 22,133
Total liabilities and equity $ 64,263 $ 64,069