XML 22 R8.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 918 $ 152
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 711 551
(Gains)/losses on asset sales and asset impairments, net (46) 592
Deferred income tax expense/(benefit) 117 (27)
Gains on sales of linefill (35)  
Loss on foreign currency revaluation 42 3
Settlement of terminated interest rate hedging instruments 42  
Change in fair value of Preferred Distribution Rate Reset Option (Note 8) 196 (13)
Equity earnings in unconsolidated entities (306) (190)
Distributions on earnings from unconsolidated entities 344 322
Other 41 39
Changes in assets and liabilities, net of acquisitions 50 (68)
Net cash provided by operating activities 2,074 1,361
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid in connection with acquisitions, net of cash acquired (68) (32)
Investments in unconsolidated entities (3) (78)
Additions to property, equipment and other (312) (257)
Cash paid for purchases of linefill (69) (36)
Proceeds from sales of assets 58 878
Cash received from sales of linefill 72 3
Other investing activities 31  
Net cash (used in)/provided by investing activities (291) 478
CASH FLOWS FROM FINANCING ACTIVITIES    
Net repayments under commercial paper program (Note 6)   (546)
Net repayments under senior secured hedged inventory facility (Note 6)   (167)
Repayment of GO Zone term loans   (200)
Repayments of senior notes (Note 6) (750)  
Repurchase of common units (Note 7) (74) (117)
Distributions paid to noncontrolling interests (Note 7) (194) (10)
Other financing activities (47) (142)
Net cash used in financing activities (1,608) (1,707)
Effect of translation adjustment (5) 2
Net increase in cash and cash equivalents and restricted cash 170 134
Cash and cash equivalents and restricted cash, beginning of period 453 60
Cash and cash equivalents and restricted cash, end of period 623 194
Cash paid for:    
Interest, net of amounts capitalized 268 265
Income taxes, net of amounts refunded 85 32
Noncontrolling Interests    
CASH FLOWS FROM FINANCING ACTIVITIES    
Contributions from noncontrolling interests (Note 7) 26 1
Series A Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 7) (112) (112)
Series B Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 7) (25) (25)
Common Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 7) $ (432) $ (389)