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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