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v3.22.2

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Jun. 30, 2022 | Dec. 31, 2021
--- | --- | ---
CURRENT ASSETS |  |
Cash and cash equivalents | $ 267 | $ 449
Trade accounts receivable and other receivables, net | 5,581 | 4,705
Inventory | 528 | 783
Other current assets | 285 | 200
Total current assets | 6,661 | 6,137
PROPERTY AND EQUIPMENT | 19,329 | 19,257
Accumulated depreciation | (4,656) | (4,354)
Property and equipment, net | 14,673 | 14,903
OTHER ASSETS |  |
Investments in unconsolidated entities | 3,773 | 3,805
Intangible assets, net | 1,839 | 1,960
Linefill | 931 | 907
Long-term operating lease right-of-use assets, net | 365 | 393
Long-term inventory | 378 | 253
Other long-term assets, net | 266 | 251
Total assets | 28,886 | 28,609
CURRENT LIABILITIES |  |
Trade accounts payable | 5,421 | 4,810
Short-term debt | 630 | 822
Other current liabilities | 823 | 600
Total current liabilities | 6,874 | 6,232
LONG-TERM LIABILITIES |  |
Senior notes, net | 7,933 | 8,329
Other long-term debt, net | 53 | 69
Long-term operating lease liabilities | 316 | 339
Other long-term liabilities and deferred credits | 991 | 830
Total long-term liabilities | 9,293 | 9,567
COMMITMENTS AND CONTINGENCIES (NOTE 10) |  |
PARTNERS’ CAPITAL |  |
Total partners’ capital excluding noncontrolling interests | 9,931 | 9,972
Noncontrolling interests | 2,788 | 2,838
Total partners’ capital | 12,719 | 12,810
Total liabilities and partners’ capital | 28,886 | 28,609
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 | $ 7,639 | $ 7,680

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