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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 813 $ 681
Reconciliation of net income to net cash provided by operating activities:    
Income from discontinued operations, net of tax (206) (42)
Depreciation and amortization 466 449
Losses on asset sales, net 29 3
Deferred income tax expense/(benefit) 5 (5)
(Gain)/loss on foreign currency revaluation 4 (15)
Settlement of terminated interest rate hedging instruments   57
Equity earnings in unconsolidated entities (196) (201)
Distributions on earnings from unconsolidated entities 256 250
Gain on investments in unconsolidated entities, net (Note 12) (31) 0
Other 32 37
Changes in assets and liabilities, net of acquisitions (140) (222)
Cash provided by operating activities - continuing operations 1,032 992
Cash provided by operating activities - discontinued operations 301 80
Net cash provided by operating activities 1,333 1,072
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid in connection with acquisitions, net of cash acquired (681) (111)
Investments in unconsolidated entities   (3)
Additions to property, equipment and other (310) (233)
Cash paid for purchases of linefill (17) (16)
Proceeds from sales of assets 21 4
Investments in related party notes (Note 9) (330)  
Other investing activities   2
Cash used in investing activities - continuing operations (1,317) (357)
Cash used in investing activities - discontinued operations (106) (61)
Net cash used in investing activities (1,423) (418)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net borrowings/(repayments) under commercial paper program (Note 6) 69 (433)
Proceeds from the issuance of senior notes (Note 6) 998 650
Proceeds from the issuance of related party notes (Note 9) 330  
Repurchase of common units (8) 0
Repurchase of Series A preferred units (Note 7) (333)  
Distributions paid to noncontrolling interests (Note 7) (229) (198)
Contributions from noncontrolling interests 29 24
Other financing activities (22) (16)
Net cash provided by/(used in) financing activities 182 (545)
Effect of translation adjustment - continuing operations 8 (5)
Effect of translation adjustment - discontinued operations 11 (1)
Net increase in cash and cash equivalents and restricted cash 111 103
Cash and cash equivalents and restricted cash, beginning of period 348 450
Cash and cash equivalents and restricted cash, end of period 459 553
Cash paid for:    
Interest, net of amounts capitalized 254 195
Income taxes, net of amounts refunded 48 193
Series A Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 6) (82) (88)
Series B Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 6) (35) (39)
Common Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 6) $ (535) $ (445)