Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.19.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 1,016 $ 0
Restricted cash 596 1,541
Accounts and other receivables 243 348
Accounts receivable—affiliate 166 114
Advances to affiliate 225 228
Inventory 104 99
Derivative assets 17 6
Other current assets 67 20
Other current assets—affiliate 1 0
Total current assets 2,435 2,356
Property, plant and equipment, net 16,232 15,390
Operating lease assets, net 92 0
Debt issuance costs, net 20 13
Non-current derivative assets 37 31
Other non-current assets, net 157 184
Total assets 18,973 17,974
Current liabilities    
Accounts payable 74 15
Accrued liabilities 1,076 821
Due to affiliates 44 49
Deferred revenue 122 116
Deferred revenue—affiliate 0 1
Current operating lease liabilities 6 0
Derivative liabilities 8 66
Total current liabilities 1,330 1,068
Long-term debt, net 16,720 16,066
Non-current operating lease liabilities 86 0
Non-current derivative liabilities 12 14
Other non-current liabilities 3 4
Other non-current liabilities—affiliate 21 22
Partners’ equity    
Common unitholders’ interest (348.6 million units issued and outstanding at June 30, 2019 and December 31, 2018) 1,827 1,806
Subordinated unitholders’ interest (135.4 million units issued and outstanding at June 30, 2019 and December 31, 2018) (982) (990)
General partner’s interest (2% interest with 9.9 million units issued and outstanding at June 30, 2019 and December 31, 2018) (44) (16)
Total partners’ equity 801 800
Total liabilities and partners’ equity $ 18,973 $ 17,974