Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 0 $ 0
Restricted cash 1,541 1,589
Accounts and other receivables 348 191
Accounts receivable—affiliate 114 163
Advances to affiliate 228 36
Inventory 99 95
Other current assets 26 65
Total current assets 2,356 2,139
Property, plant and equipment, net 15,390 15,139
Debt issuance costs, net 13 38
Non-current derivative assets 31 31
Other non-current assets, net 184 206
Total assets 17,974 17,553
Current liabilities    
Accounts payable 15 12
Accrued liabilities 821 637
Due to affiliates 49 68
Deferred revenue 116 111
Deferred revenue—affiliate 1 1
Derivative liabilities 66 0
Total current liabilities 1,068 829
Long-term debt, net 16,066 16,046
Non-current derivative liabilities 14 3
Other non-current liabilities 4 11
Other non-current liabilities—affiliate 22 25
Commitments and contingencies (see Note 16)
Partners’ equity    
Common unitholders’ interest (348.6 million units issued and outstanding at December 31, 2018 and 2017) 1,806 1,670
Subordinated unitholders’ interest (135.4 million units issued and outstanding at December 31, 2018 and 2017) (990) (1,043)
General partner’s interest (2% interest with 9.9 million units issued and outstanding at December 31, 2018 and 2017) (16) 12
Total partners’ equity 800 639
Total liabilities and partners’ equity $ 17,974 $ 17,553