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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Mar. 31, 2020 | Dec. 31, 2019
--- | --- | ---
CURRENT ASSETS |  |
Cash and cash equivalents | $ 38 | $ 45
Restricted cash | 122 | 37
Trade accounts receivable and other receivables, net | 2,200 | 3,614
Inventory | 181 | 604
Other current assets | 530 | 312
Total current assets | 3,071 | 4,612
PROPERTY AND EQUIPMENT | 17,927 | 18,948
Accumulated depreciation | (3,525) | (3,593)
Property and equipment, net | 14,402 | 15,355
OTHER ASSETS |  |
Investments in unconsolidated entities | 3,714 | 3,683
Goodwill | 0 | 2,540
Linefill and base gas | 955 | 981
Long-term operating lease right-of-use assets, net | 430 | 466
Long-term inventory | 73 | 182
Other long-term assets, net | 1,055 | 858
Total assets | 23,700 | 28,677
CURRENT LIABILITIES |  |
Trade accounts payable | 2,247 | 3,686
Short-term debt | 363 | 504
Other current liabilities | 747 | 827
Total current liabilities | 3,357 | 5,017
LONG-TERM LIABILITIES |  |
Senior notes, net | 8,941 | 8,939
Other long-term debt, net | 477 | 248
Long-term operating lease liabilities | 370 | 387
Other long-term liabilities and deferred credits | 833 | 891
Total long-term liabilities | 10,621 | 10,465
COMMITMENTS AND CONTINGENCIES (NOTE 12) |  |
PARTNERS’ CAPITAL |  |
Total partners’ capital excluding noncontrolling interests | 9,579 | 13,062
Noncontrolling interests | 143 | 133
Total partners’ capital | 9,722 | 13,195
Total liabilities and partners’ capital | 23,700 | 28,677
Series A Preferred Units |  |
PARTNERS’ CAPITAL |  |
Partners' capital | 1,505 | 1,505
Series B Preferred Units |  |
PARTNERS’ CAPITAL |  |
Partners' capital | 787 | 787
Common Units |  |
PARTNERS’ CAPITAL |  |
Partners' capital | $ 7,287 | $ 10,770

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