Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.21.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 1,219 $ 1,210
Restricted cash 123 97
Accounts and other receivables, net 373 318
Accounts receivable—affiliate 98 184
Advances to affiliate 127 144
Inventory 103 107
Derivative assets 16 14
Other current assets 59 61
Other current assets—affiliate 2 0
Total current assets 2,120 2,135
Property, plant and equipment, net 16,734 16,723
Operating lease assets, net 97 99
Debt issuance costs, net 16 17
Non-current derivative assets 9 11
Other non-current assets, net 177 160
Total assets 19,153 19,145
Current liabilities    
Accounts payable 11 12
Accrued liabilities 704 658
Accrued liabilities—related party 3 4
Current debt 850 0
Due to affiliates 31 53
Deferred revenue 101 137
Deferred revenue—affiliate 5 1
Current operating lease liabilities 8 7
Derivative liabilities 26 11
Total current liabilities 1,739 883
Long-term debt, net 16,732 17,580
Non-current operating lease liabilities 89 90
Non-current derivative liabilities 42 35
Other non-current liabilities 0 1
Other non-current liabilities—affiliate 16 17
Partners’ equity    
Common unitholders’ interest (484.0 million units issued and outstanding at both March 31, 2021 and December 31, 2020) 738 714
General partner’s interest (2% interest with 9.9 million units issued and outstanding at March 31, 2021 and December 31, 2020) (203) (175)
Total partners’ equity 535 539
Total liabilities and partners’ equity $ 19,153 $ 19,145