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CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL - USD ($)
$ in Millions
Total
Cactus II Pipeline LLC
Partners’ Capital Excluding Noncontrolling Interests
Noncontrolling Interests
Noncontrolling Interests
Cactus II Pipeline LLC
Limited Partners
Series A Preferred Units
Partners’ Capital Excluding Noncontrolling Interests
Limited Partners
Series B Preferred Units
Partners’ Capital Excluding Noncontrolling Interests
Limited Partners
Common Units
Partners’ Capital Excluding Noncontrolling Interests
Beginning balance at Dec. 31, 2021 $ 12,810   $ 9,972 $ 2,838   $ 1,505 $ 787 $ 7,680
Increase (Decrease) in Partners' Capital [Roll Forward]                
Net income 1,228   1,037 191   149 52 836
Distributions (Note 11) (1,083)   (785) (298)   (149) (52) (584)
Other comprehensive income/(loss) (101)   (101)         (101)
Equity-indexed compensation expense 32   32         32
Repurchase of common units (Note 11) (74)   (74)         (74)
Contributions from noncontrolling interests 26     26        
Cactus II Pipeline LLC transaction (Note 7)   $ 526     $ 526      
Other (39)   (24) (15)       (24)
Ending balance at Dec. 31, 2022 13,325   10,057 3,268   1,505 787 7,765
Increase (Decrease) in Partners' Capital [Roll Forward]                
Net income 1,502   1,230 272   173 76 981
Distributions (Note 11) (1,330)   (997) (333)   (173) (76) (748)
Other comprehensive income/(loss) 118   118         118
Equity-indexed compensation expense 36   36         36
Contributions from noncontrolling interests 106     106        
Other (25)   (22) (3)   4   (26)
Ending balance at Dec. 31, 2023 13,732   10,422 3,310   1,509 787 8,126
Increase (Decrease) in Partners' Capital [Roll Forward]                
Net income 1,113   772 341   175 78 519
Distributions (Note 11) (1,569)   (1,144) (425)   (175) (78) (891)
Other comprehensive income/(loss) (247)   (247)         (247)
Equity-indexed compensation expense 36   36         36
Contributions from noncontrolling interests 57     57        
Other (26)   (26)     5   (31)
Ending balance at Dec. 31, 2024 $ 13,096   $ 9,813 $ 3,283   $ 1,514 $ 787 $ 7,512