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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 553 $ 450
Trade accounts receivable and other receivables, net 4,208 3,760
Inventory 502 548
Other current assets 124 155
Total current assets 5,387 4,913
PROPERTY AND EQUIPMENT 21,254 21,143
Accumulated depreciation (5,638) (5,361)
Property and equipment, net 15,616 15,782
OTHER ASSETS    
Investments in unconsolidated entities 2,862 2,820
Intangible assets, net 1,741 1,875
Linefill 980 976
Long-term operating lease right-of-use assets, net 312 313
Long-term inventory 290 265
Other long-term assets, net 265 411
Total assets 27,453 27,355
CURRENT LIABILITIES    
Trade accounts payable 4,015 3,844
Short-term debt 765 446
Other current liabilities 626 713
Total current liabilities 5,406 5,003
LONG-TERM LIABILITIES    
Senior notes, net 7,139 7,242
Other long-term debt, net 72 63
Long-term operating lease liabilities 279 274
Other long-term liabilities and deferred credits 979 1,041
Total long-term liabilities 8,469 8,620
COMMITMENTS AND CONTINGENCIES (NOTE 9)
PARTNERS’ CAPITAL    
Total partners’ capital excluding noncontrolling interests 10,276 10,422
Noncontrolling interests 3,302 3,310
Total partners’ capital 13,578 13,732
Total liabilities and partners’ capital 27,453 27,355
Series A Preferred Units    
PARTNERS’ CAPITAL    
Partners' capital 1,512 1,509
Series B Preferred Units    
PARTNERS’ CAPITAL    
Partners' capital 787 787
Common Units    
PARTNERS’ CAPITAL    
Partners' capital $ 7,977 $ 8,126