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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 349 $ 453
Trade accounts receivable and other receivables, net 3,901 3,760
Inventory 439 548
Other current assets 87 155
Total current assets 4,776 4,916
PROPERTY AND EQUIPMENT 21,300 21,143
Accumulated depreciation (5,876) (5,361)
Property and equipment, net 15,424 15,782
OTHER ASSETS    
Investments in unconsolidated entities 2,811 2,820
Intangible assets, net 1,677 1,875
Deferred tax asset 1,220 1,239
Linefill 968 976
Long-term operating lease right-of-use assets, net 332 313
Long-term inventory 280 265
Other long-term assets, net 268 411
Total assets 27,756 28,597
CURRENT LIABILITIES    
Trade accounts payable 3,881 3,845
Short-term debt 408 446
Other current liabilities 635 714
Total current liabilities 4,924 5,005
LONG-TERM LIABILITIES    
Senior notes, net 7,141 7,242
Other long-term debt, net 72 63
Long-term operating lease liabilities 313 274
Other long-term liabilities and deferred credits 990 1,041
Total long-term liabilities 8,516 8,620
COMMITMENTS AND CONTINGENCIES (NOTE 18)
PARTNERS’ CAPITAL    
Noncontrolling interests 12,965 13,424
Total partners’ capital 14,316 14,972
Total liabilities and partners’ capital 27,756 28,597
Class A Shares    
PARTNERS’ CAPITAL    
Class A shareholders (197,465,699 and 196,416,760 shares outstanding, respectively) $ 1,351 $ 1,548