XML 19 R7.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash and Cash Equivalents, Period Increase (Decrease), Total $ (53) $ 57 $ (72)
OPERATING ACTIVITIES:      
Net income 394 475 524
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion 187 193 177
Amortization of deferred financing fees 8 7 7
Gain on disposal of assets 7 13 14
Loss on extinguishment of debt 0 0 36
Non-cash unit-based compensation expense 17 14 16
Deferred income tax 13 28 10
Inventory adjustments 114 (5) (190)
Equity in earnings of unconsolidated affiliates (5) (4) (4)
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable 34 (312) (231)
Receivables from affiliates (5) (3) (1)
Inventories (182) (172) 38
Other assets 47 (94) (95)
Accounts payable (101) 390 296
Accounts payable to affiliates 61 50 (20)
Accrued expenses and other current liabilities 43 0 9
Other non-current liabilities (18) 7 (15)
Net cash provided by operating activities 600 561 543
Cash flow from investing activities:      
Capital expenditures (215) (186) (174)
Proceeds from disposal of property and equipment 31 32 34
Payments for (Proceeds from) Other Investing Activities (2) 0 0
Distributions from unconsolidated affiliates in excess of cumulative earnings 9 8 9
Cash paid for acquisitions, net of cash acquired (111) (318) (256)
Net cash used in investing activities (288) (464) (387)
FINANCING ACTIVITIES:      
Senior Notes borrowings 500 0 800
Senior Notes repayments 0 0 (1,252)
Credit Facility borrowings 3,283 4,127 1,922
Credit Facility repayments (3,772) (3,808) (1,341)
Loan origination costs (5) 0 0
Cash distribution to unitholders, including incentive distributions 371 359 357
Net cash used in financing activities (365) (40) (228)
Cash and cash equivalents at beginning of period 82 25 97
Cash and cash equivalents at end of period 29 82 25
Supplemental Cash Flow Elements [Abstract]      
Change in note payable to affiliate 2 6 4
Noncash or Part Noncash Acquisition, Payables Assumed 0 10 0
Interest paid 202 176 174
Income taxes paid, net $ (29) $ (30) $ (14)