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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income/(loss) $ (2,845) $ 970
Reconciliation of net income/(loss) to net cash provided by operating activities:    
Depreciation and amortization 168 136
(Gains)/losses on asset sales and asset impairments, net (Note 14) 619 4
Goodwill impairment losses (Note 6) 2,515  
Equity-indexed compensation expense/(benefit) (4) 17
Inventory valuation adjustments 232  
Deferred income tax expense/(benefit) 15 (6)
Loss on foreign currency revaluation 46 4
Change in fair value of Preferred Distribution Rate Reset Option (Note 10) (26) (23)
Equity earnings in unconsolidated entities (110) (89)
Distributions on earnings from unconsolidated entities 125 98
(Gain on)/impairment of investments in unconsolidated entities, net (Note 7) 22 (267)
Other 5 7
Changes in assets and liabilities, net of acquisitions 128 182
Net cash provided by operating activities 890 1,033
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid in connection with acquisitions, net of cash acquired (Note 14) (308)  
Investments in unconsolidated entities (147) (125)
Additions to property, equipment and other (245) (280)
Proceeds from sales of assets (Note 14) 104  
Cash paid for purchases of linefill and base gas (5) (16)
Other investing activities (9) (8)
Net cash used in investing activities (610) (429)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net repayments under commercial paper program (Note 8) (93)  
Net borrowings under senior secured hedged inventory facility (Note 8) 89  
Other financing activities 111 57
Net cash used in financing activities (192) (198)
Effect of translation adjustment (10) (3)
Net increase in cash and cash equivalents and restricted cash 78 403
Cash and cash equivalents and restricted cash, beginning of period 82 66
Cash and cash equivalents and restricted cash, end of period 160 469
Cash paid for:    
Interest, net of amounts capitalized 65 70
Income taxes, net of amounts refunded 51 65
Series A Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 9) (37) (37)
Common Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 9) $ (262) $ (218)