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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,342 $ 993
Reconciliation of net income to net cash provided by operating activities:    
Income from discontinued operations, net of tax (281) (156)
Depreciation and amortization 696 675
(Gains)/losses on asset sales, net (64) 2
Deferred income tax expense/(benefit) 6 (1)
(Gain)/loss on foreign currency revaluation 19 (12)
Settlement of terminated interest rate hedging instruments (Note 8) 7 57
Equity earnings in unconsolidated entities (292) (298)
Distributions on earnings from unconsolidated entities 369 383
Gain on investments in unconsolidated entities, net (Note 12) (31)  
Other 47 52
Changes in assets and liabilities, net of acquisitions 18 (98)
Cash provided by operating activities - continuing operations 1,836 1,597
Cash provided by operating activities - discontinued operations 314 166
Net cash provided by operating activities 2,150 1,763
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid in connection with acquisitions, net of cash acquired (865) (144)
Investments in unconsolidated entities 0 (4)
Additions to property, equipment and other (495) (342)
Cash paid for purchases of linefill (17) (21)
Proceeds from sales of assets 27 6
Investments in related party notes (Note 9) (330) (629)
Other investing activities 0 3
Cash used in investing activities - continuing operations (1,680) (1,131)
Cash used in investing activities - discontinued operations (151) (109)
Net cash used in investing activities (1,831) (1,240)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net repayments under commercial paper program (Note 6) (393) (433)
Proceeds from the issuance of senior notes (Note 6) 2,246 650
Proceeds from the issuance of related party notes (Note 9) 330 629
Repurchase of common units (8) 0
Repurchase of Series A preferred units (Note 7) (333) 0
Distributions paid to noncontrolling interests (Note 7) (339) (310)
Contributions from noncontrolling interests 34 40
Other financing activities (64) (48)
Net cash provided by/(used in) financing activities 500 (330)
Effect of translation adjustment - continuing operations 13 (7)
Effect of translation adjustment - discontinued operations 0 4
Net increase in cash and cash equivalents and restricted cash 832 190
Cash and cash equivalents and restricted cash, beginning of period 348 450
Cash and cash equivalents and restricted cash, end of period 1,180 640
Cash paid for:    
Interest, net of amounts capitalized 382 269
Income taxes, net of amounts refunded 80 236
Series A Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 7) (118) (131)
Series B Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 7) (53) (59)
Common Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 7) $ (802) $ (668)