XML 90 R67.htm IDEA: XBRL DOCUMENT v3.25.0.1
Long-Term Debt (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
May 03, 2024
Apr. 30, 2024
Dec. 31, 2023
Debt Instrument [Line Items]        
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration] Long-term debt, net     Long-term debt, net
Finance Lease, Liability $ 132     $ 94
Debt Instrument, Unamortized Discount (Premium), Net 16     0
Long-Term Debt and Lease Obligation, Including Current Maturities 7,486     3,580
Debt Issuance Costs, Net (37)     (25)
Total long-term debt, net 7,484     3,580
Long-term debt, net 7,484     3,580
Current maturities of long-term debt $ 2     0
Banking Regulation, Supplementary Leverage Ratio, Actual 0.000408      
Debt Instrument, Interest Rate During Period 11.865%      
Nustar        
Debt Instrument [Line Items]        
Senior notes   $ 2,570    
Credit Facility        
Debt Instrument [Line Items]        
Long-term Line of Credit       411
7.00% Senior Notes due 2028        
Debt Instrument [Line Items]        
Long-Term Debt, Description 7.000% senior notes due 2028      
Senior notes $ 500     500
5.750% Senior notes due 2025        
Debt Instrument [Line Items]        
Long-Term Debt, Description 5.750% senior notes due 2025 (1) (2)      
Senior notes [1],[2] $ 600     0
6.00% senior notes due 2026        
Debt Instrument [Line Items]        
Long-Term Debt, Description 6.000% senior notes due 2026 (1)      
Senior notes [2] $ 500     0
6.00% senior notes due 2027        
Debt Instrument [Line Items]        
Long-Term Debt, Description 6.000% senior notes due 2027      
Senior notes $ 600     600
5.625% senior notes 2027        
Debt Instrument [Line Items]        
Long-Term Debt, Description 5.625% senior notes due 2027 (1)      
Senior notes [2] $ 550     0
5.875% Senior Notes due 2028        
Debt Instrument [Line Items]        
Long-Term Debt, Description 5.875% senior notes due 2028      
Senior notes $ 400     400
Stated interest rate 5.875%      
4.50% senior notes due 2029        
Debt Instrument [Line Items]        
Long-Term Debt, Description 4.500% senior notes due 2029      
Senior notes $ 800     800
7.00% senior notes due 2029        
Debt Instrument [Line Items]        
Long-Term Debt, Description 7.000% senior notes due 2029      
Senior notes $ 750     0
4.50% senior notes due 2030        
Debt Instrument [Line Items]        
Long-Term Debt, Description 4.500% senior notes due 2030      
Senior notes $ 800     800
6.375% senior notes due 2030        
Debt Instrument [Line Items]        
Long-Term Debt, Description 6.375% senior notes due 2030 (1)      
Senior notes [2] $ 600     0
7.25% senior notes due 2032        
Debt Instrument [Line Items]        
Long-Term Debt, Description 7.250% senior notes due 2032      
Senior notes $ 750   $ 750 $ 0 [2]
Stated interest rate     7.25%  
GoZone Bonds        
Debt Instrument [Line Items]        
Long-Term Debt, Description GoZone Bonds (1) (2)      
Senior notes [2] $ 322      
Series 2008        
Debt Instrument [Line Items]        
Senior notes $ 56      
Debt Instrument, Issuance Date Jun. 26, 2008      
Stated interest rate 6.10%      
Debt Instrument, Maturity Date Jun. 01, 2038      
Series 2010        
Debt Instrument [Line Items]        
Senior notes $ 100      
Debt Instrument, Issuance Date Jul. 15, 2010      
Stated interest rate 6.35%      
Debt Instrument, Maturity Date Jul. 01, 2040      
Series 2010A        
Debt Instrument [Line Items]        
Senior notes $ 43      
Debt Instrument, Issuance Date Oct. 07, 2010      
Stated interest rate 6.35%      
Debt Instrument, Maturity Date Oct. 01, 2040      
Series 2010B        
Debt Instrument [Line Items]        
Senior notes $ 48      
Debt Instrument, Issuance Date Dec. 29, 2010      
Stated interest rate 6.10%      
Debt Instrument, Maturity Date Dec. 01, 2040      
Series 2011        
Debt Instrument [Line Items]        
Senior notes $ 75      
Debt Instrument, Issuance Date Aug. 09, 2011      
Stated interest rate 5.85%      
Debt Instrument, Maturity Date Aug. 01, 2041      
[1] As of December 31, 2024, $600 million of senior notes and $75 million of GoZone Bonds due on or before December 31, 2025 were classified as long-term as management has the intent and ability to refinance the borrowings on a long-term basis.
[2] These senior notes and bonds, totaling $2.57 billion aggregate principal amount, were assumed by the Partnership in connection with the closing of the NuStar acquisition in May 2024.