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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 681 $ 824
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 511 515
(Gains)/losses on asset sales, net 1 (150)
Deferred income tax expense/(benefit) (46) 15
(Gain)/loss on foreign currency revaluation (17) 1
Settlement of terminated interest rate hedging instruments (Note 7) 57 80
Change in fair value of Preferred Distribution Rate Reset Option (Note 7)   (58)
Equity earnings in unconsolidated entities (201) (178)
Distributions on earnings from unconsolidated entities 250 219
Other 37 34
Changes in assets and liabilities, net of acquisitions (201) 329
Net cash provided by operating activities 1,072 1,631
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid in connection with acquisitions, net of cash acquired (111)  
Investments in unconsolidated entities (3) (19)
Additions to property, equipment and other (296) (267)
Cash paid for purchases of linefill (16) (14)
Proceeds from sales of assets 6 284
Cash received from sales of linefill   9
Other investing activities 2 1
Net cash used in investing activities (418) (6)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net repayments under commercial paper program (Note 5) (433)  
Proceeds from the issuance of senior notes (Note 5) 650  
Repayments of senior notes   (400)
Distributions paid to noncontrolling interests (Note 6) (198) (151)
Contributions from noncontrolling interests 24  
Other financing activities (16) (61)
Net cash used in financing activities (545) (1,101)
Effect of translation adjustment (6) 8
Net increase in cash and cash equivalents and restricted cash 103 532
Cash and cash equivalents and restricted cash, beginning of period 450 401
Cash and cash equivalents and restricted cash, end of period 553 933
Cash paid for:    
Interest, net of amounts capitalized 195 188
Income taxes, net of amounts refunded 193 8
Series A Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 6) (88) (79)
Series B Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 6) (39) (36)
Common Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 6) $ (445) $ (374)