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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net income (loss) $ 1,139.5 $ 1,221.7
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Amortization in interest expense 10.9 9.8
Compensation on equity grants 47.4 45.7
Depreciation and amortization expense 1,044.5 988.2
(Gain) loss on sale or disposition of assets (2.7) (3.9)
Write-downs of assets 4.0 6.0
Accretion of asset retirement obligations 4.2 4.5
Deferred income tax expense (benefit) 264.1 252.1
Equity (earnings) loss of unconsolidated affiliates (7.9) (6.2)
Distributions of earnings received from unconsolidated affiliates 15.2 9.6
Risk management activities 86.3 (294.3)
(Gain) loss from financing activities 0.8 0.0
Changes in operating assets and liabilities, net of acquisitions:    
Receivables and other assets 239.4 197.2
Inventories (47.2) (134.1)
Accounts payable, accrued liabilities and other liabilities (360.3) 30.6
Interest payable (116.4) (73.0)
Net cash provided by operating activities 2,321.8 2,253.9
Cash flows from investing activities    
Outlays for property, plant and equipment (2,238.9) (1,665.4)
Proceeds from sale of assets 2.9 2.9
Investments in unconsolidated affiliates (39.8) (14.9)
Return of capital from unconsolidated affiliates 1.4 4.5
Other, net (0.6) (0.9)
Net cash used in investing activities (2,275.0) (1,673.8)
Debt obligations:    
Repayments of credit facilities   (290.0)
Proceeds from borrowings of commercial paper notes 59,651.0 47,077.8
Repayments of commercial paper notes (58,875.0) (46,936.5)
Repayment of term loan facility (500.0) 0.0
Proceeds from borrowings under accounts receivable securitization facility 775.0 103.1
Repayments of accounts receivable securitization facility (750.0) (343.1)
Proceeds from issuance of senior notes 999.4 1,717.0
Principal payments of finance leases (36.2) (31.3)
Costs incurred in connection with financing arrangements (9.9) (5.0)
Repurchase of shares (700.0) (388.5)
Contributions from noncontrolling interests 9.0 7.1
Distributions to noncontrolling interests (172.7) (163.5)
Repurchase of noncontrolling interests (1.3) (1,091.9)
Dividends paid to common shareholders (450.6) (314.8)
Net cash used in financing activities (61.3) (659.6)
Net change in cash and cash equivalents (14.5) (79.5)
Cash and cash equivalents, beginning of period 141.7 219.0
Cash and cash equivalents, end of period $ 127.2 $ 139.5