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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 966 $ 541
Funds deposited by counterparties 199 84
Restricted cash 8 24
Accounts receivable, net 3,488 3,542
Inventory 478 607
Derivative instruments 2,686 3,862
Cash collateral paid in support of energy risk management activities 309 441
Prepayments and other current assets 830 626
Total current assets 8,964 9,727
Property, plant and equipment, net 2,021 1,763
Other Assets    
Equity investments in affiliates 45 42
Operating lease right-of-use assets, net 151 179
Goodwill 5,011 5,079
Intangible assets, net 2,908 3,927
Derivative instruments 1,710 2,293
Deferred income taxes 2,067 2,251
Other non-current assets 1,145 777
Total other assets 13,037 14,548
Total Assets 24,022 26,038
Current Liabilities    
Current portion of long-term debt and finance leases 996 620
Current portion of operating lease liabilities 66 90
Accounts payable  2,513 2,325
Derivative instruments 2,297 4,019
Cash collateral received in support of energy risk management activities 199 84
Deferred revenue current 711 720
Accrued expenses and other current liabilities 2,031 1,642
Total current liabilities 8,813 9,500
Other Liabilities    
Long-term debt and finance leases 9,812 10,133
Non-current operating lease liabilities 117 128
Derivative instruments 1,107 1,488
Deferred income taxes 12 22
Deferred revenue non-current 862 914
Other non-current liabilities 821 947
Total other liabilities 12,731 13,632
Total Liabilities 21,544 23,132
Commitments and Contingencies
Stockholders' Equity    
Preferred stock 650 650
Common stock; $0.01 par value; 500,000,000 shares authorized; 205,064,058 and 267,330,470 shares issued; and 198,604,003 and 208,130,950 shares outstanding at December 31, 2024 and 2023, respectively 2 3
Additional paid-in capital 705 3,416
Retained earnings 1,535 820
Treasury stock, at cost; 6,460,055 and 59,199,520 shares at December 31, 2024 and 2023, respectively (297) (1,892)
Accumulated other comprehensive loss (117) (91)
Total Stockholders' Equity 2,478 2,906
Total Liabilities and Stockholders' Equity 24,022 26,038
Customer relationships, net    
Other Assets    
Intangible assets, net 1,538 2,164
Other intangible assets, net    
Other Assets    
Intangible assets, net $ 1,370 $ 1,763