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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 1,113 $ 1,502 $ 1,228
Reconciliation of net income to net cash provided by operating activities:      
Depreciation and amortization 1,026 1,048 965
(Gains)/losses on asset sales, asset impairments and other, net (Note 6, Note 7) 160 (152) 269
Equity-indexed compensation expense 50 50 40
Deferred income tax expense/(benefit) (28) (24) 105
Gains on sales of linefill   (2) (35)
(Gain)/loss on foreign currency revaluation (17) 8 41
Settlement of terminated interest rate hedging instruments (Note 12) 57 80 42
Change in fair value of Preferred Distribution Rate Reset Option (Note 12)   (58) 189
Equity earnings in unconsolidated entities (452) (369) (403)
Distributions on earnings from unconsolidated entities 505 458 488
Gain on investments in unconsolidated entities, net (Note 7, Note 8) (15) (28) (346)
Other 17 20 16
Changes in assets and liabilities, net of acquisitions:      
Trade accounts receivable and other 94 213 649
Inventory 70 223 (10)
Trade accounts payable and other (90) (242) (830)
Net cash provided by operating activities 2,490 2,727 2,408
CASH FLOWS FROM INVESTING ACTIVITIES      
Cash paid in connection with acquisitions, net of cash acquired (Note 7) (248) (425) (149)
Investments in unconsolidated entities (Note 8) (4) (33) (14)
Additions to property, equipment and other (619) (559) (455)
Cash paid for purchases of linefill (21) (23) (84)
Proceeds from sales of assets (Note 7) 13 328 60
Cash received from sales of linefill   9 72
Investments in related party notes (Note 16) (629)    
Other investing activities 4 1 44
Net cash used in investing activities (1,504) (702) (526)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net borrowings/(repayments) under commercial paper program (Note 10) (40) 433  
Proceeds from the issuance of senior notes (Note 10) 650    
Repayments of senior notes (Note 10) (750) (1,100) (750)
Proceeds from the issuance of related party notes (Note 16) 629    
Repurchase of common units (Note 11)     (74)
Distributions paid to noncontrolling interests (Note 11) (425) (333) (298)
Contributions from noncontrolling interests 57 106 26
Other financing activities (53) (93) (53)
Net cash used in financing activities (1,077) (1,976) (1,931)
Effect of translation adjustment (11)   (3)
Net increase/(decrease) in cash and cash equivalents and restricted cash (102) 49 (52)
Cash and cash equivalents and restricted cash, beginning of period 450 401 453
Cash and cash equivalents and restricted cash, end of period 348 450 401
Cash paid for:      
Interest, net of amounts capitalized 381 377 393
Income taxes, net of amounts refunded 269 69 112
Series A Preferred Units      
CASH FLOWS FROM FINANCING ACTIVITIES      
Distributions paid to unitholders (Note 11) (175) (166) (149)
Series B Preferred Units      
CASH FLOWS FROM FINANCING ACTIVITIES      
Distributions paid to unitholders (Note 11) (79) (75) (49)
Common Units      
CASH FLOWS FROM FINANCING ACTIVITIES      
Distributions paid to unitholders (Note 11) $ (891) $ (748) $ (584)