Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 1,210 $ 1,781
Restricted cash 97 181
Accounts and other receivables, net 318 297
Accounts receivable—affiliate 184 105
Advances to affiliate 144 158
Inventory 107 116
Derivative assets 14 17
Other current assets 61 51
Other current assets—affiliate 0 1
Total current assets 2,135 2,707
Property, plant and equipment, net 16,723 16,368
Operating lease assets, net 99 94
Debt issuance costs, net 17 15
Non-current derivative assets 11 32
Other non-current assets, net 160 168
Total assets 19,145 19,384
Current liabilities    
Accounts payable 12 40
Accrued liabilities 658 709
Accrued liabilities—related party 4 0
Due to affiliates 53 46
Deferred revenue 137 155
Deferred revenue—affiliate 1 1
Current operating lease liabilities 7 6
Derivative liabilities 11 9
Total current liabilities 883 966
Long-term debt, net 17,580 17,579
Non-current operating lease liabilities 90 87
Non-current derivative liabilities 35 16
Other non-current liabilities 1 1
Other non-current liabilities—affiliate 17 20
Commitments and Contingencies
Partners’ equity    
Common unitholders’ interest (484.0 million and 348.6 million units issued and outstanding at December 31, 2020 and 2019, respectively) 714 1,792
Subordinated unitholders’ interest (zero and 135.4 million units issued and outstanding at December 31, 2020 and 2019, respectively) 0 (996)
General partner’s interest (2% interest with 9.9 million units issued and outstanding at December 31, 2020 and 2019) (175) (81)
Total partners’ equity 539 715
Total liabilities and partners’ equity $ 19,145 $ 19,384