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CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Dec. 31, 2016 | Dec. 31, 2015
--- | --- | ---
CURRENT ASSETS |  |
Cash and cash equivalents | $ 47 | $ 27
Trade accounts receivable and other receivables, net | 2,279 | 1,785
Inventory | 1,343 | 916
Other current assets | 603 | 241
Total current assets | 4,272 | 2,969
PROPERTY AND EQUIPMENT | 16,220 | 15,654
Accumulated depreciation | (2,348) | (2,180)
Property and equipment, net | 13,872 | 13,474
OTHER ASSETS |  |
Goodwill | 2,344 | 2,405
Investments in unconsolidated entities | 2,343 | 2,027
Linefill and base gas | 896 | 898
Long-term inventory | 193 | 129
Other long-term assets, net | 290 | 386
Total assets | 24,210 | 22,288
CURRENT LIABILITIES |  |
Accounts payable and accrued liabilities | 2,588 | 2,038
Short-term debt | 1,715 | 999
Other current liabilities | 361 | 370
Total current liabilities | 4,664 | 3,407
LONG-TERM LIABILITIES |  |
Senior notes, net of unamortized discounts and debt issuance costs | 9,874 | 9,698
Other long-term debt | 250 | 677
Other long-term liabilities and deferred credits | 606 | 567
Total long-term liabilities | 10,730 | 10,942
COMMITMENTS AND CONTINGENCIES (NOTE 17) |  |
PARTNERS’ CAPITAL |  |
General partner | 0 | 301
Total partners’ capital excluding noncontrolling interests | 8,759 | 7,881
Noncontrolling interests | 57 | 58
Total partners’ capital | 8,816 | 7,939
Total liabilities and partners’ capital | 24,210 | 22,288
Series A Preferred Units |  |
PARTNERS’ CAPITAL |  |
Unitholders | 1,508 | 0
Common Units |  |
PARTNERS’ CAPITAL |  |
Unitholders | $ 7,251 | $ 7,580

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- Definition Amount of partners' capital (deficit), including portions attributable to both the parent and noncontrolling interests. Excludes temporary equity and is sometimes called permanent equity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 272 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055 + Details
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- Definition Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(14)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(8)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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