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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,103 $ 918
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 776 711
Gains on asset sales and asset impairments, net (144) (46)
Deferred income tax expense/(benefit) (22) 117
Gains on sales of linefill (2) (35)
(Gain)/loss on foreign currency revaluation (4) 42
Settlement of terminated interest rate hedging instruments (Note 7) 80 42
Change in fair value of Preferred Distribution Rate Reset Option (Note 7) (58) 196
Equity earnings in unconsolidated entities (277) (306)
Distributions on earnings from unconsolidated entities 351 344
Gain on investment in unconsolidated entities (28) (1)
Other 55 42
Changes in assets and liabilities, net of acquisitions (114) 50
Net cash provided by operating activities 1,716 2,074
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid in connection with acquisitions, net of cash acquired (289) (68)
Investments in unconsolidated entities (28) (3)
Additions to property, equipment and other (404) (312)
Cash paid for purchases of linefill (19) (69)
Proceeds from sales of assets 286 58
Cash received from sales of linefill 9 72
Other investing activities 1 31
Net cash used in investing activities (444) (291)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayments of senior notes (Note 5) (400) (750)
Repurchase of common units   (74)
Payments of Ordinary Dividends, Noncontrolling Interest (237) (194)
Other financing activities (87) (47)
Net cash used in financing activities (1,409) (1,608)
Effect of translation adjustment (4) (5)
Net increase/(decrease) in cash and cash equivalents and restricted cash (141) 170
Cash and cash equivalents and restricted cash, beginning of period 401 453
Cash and cash equivalents and restricted cash, end of period 260 623
Cash paid for:    
Interest, net of amounts capitalized 247 268
Income taxes, net of amounts refunded 28 85
Noncontrolling Interests    
CASH FLOWS FROM FINANCING ACTIVITIES    
Contributions from noncontrolling interests 53 26
Series A Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 6) (123) (112)
Series B Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 6) (55) (25)
Common Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 6) $ (560) $ (432)