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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Jun. 30, 2020 | Dec. 31, 2019
--- | --- | ---
CURRENT ASSETS |  |
Cash and cash equivalents | $ 40 | $ 45
Restricted cash | 64 | 37
Trade accounts receivable and other receivables, net | 1,919 | 3,614
Inventory | 662 | 604
Other current assets | 476 | 312
Total current assets | 3,161 | 4,612
PROPERTY AND EQUIPMENT | 18,269 | 18,948
Accumulated depreciation | (3,669) | (3,593)
Property and equipment, net | 14,600 | 15,355
OTHER ASSETS |  |
Investments in unconsolidated entities | 3,781 | 3,683
Goodwill | 0 | 2,540
Linefill and base gas | 962 | 981
Long-term operating lease right-of-use assets, net | 416 | 466
Long-term inventory | 125 | 182
Other long-term assets, net | 992 | 858
Total assets | 24,037 | 28,677
CURRENT LIABILITIES |  |
Trade accounts payable | 2,141 | 3,686
Short-term debt | 729 | 504
Other current liabilities | 763 | 827
Total current liabilities | 3,633 | 5,017
LONG-TERM LIABILITIES |  |
Senior notes, net | 9,067 | 8,939
Other long-term debt, net | 326 | 248
Long-term operating lease liabilities | 356 | 387
Other long-term liabilities and deferred credits | 853 | 891
Total long-term liabilities | 10,602 | 10,465
COMMITMENTS AND CONTINGENCIES (NOTE 12) |  |
PARTNERS’ CAPITAL |  |
Total partners’ capital excluding noncontrolling interests | 9,659 | 13,062
Noncontrolling interests | 143 | 133
Total partners’ capital | 9,802 | 13,195
Total liabilities and partners’ capital | 24,037 | 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 | $ 7,367 | $ 10,770

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- Definition Crude oil and NGL linefill in pipelines, tanks and caverns as well as base gas in natural gas storage facilities that are owned by the entity. Linefill and base gas are intended for long-term use. + References No definition available. + Details
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