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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Mar. 31, 2016 | Dec. 31, 2015
--- | --- | ---
CURRENT ASSETS |  |
Cash and cash equivalents | $ 36 | $ 27
Trade accounts receivable and other receivables, net | 1,549 | 1,785
Inventory | 877 | 916
Other current assets | 318 | 241
Total current assets | 2,780 | 2,969
PROPERTY AND EQUIPMENT | 15,875 | 15,654
Accumulated depreciation | (2,205) | (2,180)
Property and equipment, net | 13,670 | 13,474
OTHER ASSETS |  |
Goodwill | 2,405 | 2,405
Investments in unconsolidated entities | 2,097 | 2,027
Linefill and base gas | 899 | 898
Long-term inventory | 112 | 129
Other long-term assets, net | 334 | 386
Total assets | 22,297 | 22,288
CURRENT LIABILITIES |  |
Accounts payable and accrued liabilities | 1,979 | 2,038
Short-term debt | 715 | 999
Other current liabilities | 369 | 370
Total current liabilities | 3,063 | 3,407
LONG-TERM LIABILITIES |  |
Senior notes, net of unamortized discounts and debt issuance costs | 9,126 | 9,698
Other long-term debt | 27 | 677
Other long-term liabilities and deferred credits | 710 | 567
Total long-term liabilities | $ 9,863 | $ 10,942
COMMITMENTS AND CONTINGENCIES (NOTE 10) |  |
PARTNERS' CAPITAL |  |
General partner | $ 330 | $ 301
Total partners' capital excluding noncontrolling interests | 9,313 | 7,881
Noncontrolling interests | 58 | 58
Total partners' capital | 9,371 | 7,939
Total liabilities and partners' capital | 22,297 | 22,288
Series A Preferred Units |  |
PARTNERS' CAPITAL |  |
Unitholders | 1,509 |
Common Units |  |
PARTNERS' CAPITAL |  |
Unitholders | $ 7,474 | $ 7,580

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