Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.21.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 1,239 $ 1,210
Restricted cash 65 97
Accounts and other receivables, net of current expected credit losses 285 318
Accounts receivable—affiliate 65 184
Advances to affiliate 154 144
Inventory 116 107
Current derivative assets 23 14
Other current assets 97 61
Other current assets—affiliate 1 0
Total current assets 2,045 2,135
Property, plant and equipment, net of accumulated depreciation 16,789 16,723
Operating lease assets, net of accumulated amortization 95 99
Debt issuance costs, net of accumulated amortization 14 17
Derivative assets 21 11
Other non-current assets, net 159 160
Total assets 19,123 19,145
Current liabilities    
Accounts payable 16 12
Accrued liabilities 649 658
Accrued liabilities—related party 4 4
Current debt, net of discount and debt issuance costs 654 0
Due to affiliates 38 53
Deferred revenue 105 137
Deferred revenue—affiliate 11 1
Current operating lease liabilities 8 7
Current derivative liabilities 21 11
Total current liabilities 1,506 883
Long-term debt, net of premium, discount and debt issuance costs 16,935 17,580
Operating lease liabilities 87 90
Derivative liabilities 8 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 June 30, 2021 and December 31, 2020) 805 714
General partner’s interest (2% interest with 9.9 million units issued and outstanding at June 30, 2021 and December 31, 2020) (234) (175)
Total partners’ equity 571 539
Total liabilities and partners’ equity $ 19,123 $ 19,145