Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.22.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 1,156 $ 876
Restricted cash and cash equivalents 136 98
Trade and other receivables, net of current expected credit losses 434 580
Accounts receivable—affiliate 290 232
Accounts receivable—related party 0 1
Advances to affiliate 150 141
Inventory 149 176
Current derivative assets 24 21
Other current assets 93 87
Other current assets—affiliate 2 0
Total current assets 2,434 2,212
Property, plant and equipment, net of accumulated depreciation 16,915 16,830
Operating lease assets 96 98
Debt issuance costs, net of accumulated amortization 11 12
Derivative assets 30 33
Other non-current assets, net 172 173
Total assets 19,658 19,358
Current liabilities    
Accounts payable 24 21
Accrued liabilities 1,159 1,073
Accrued liabilities—related party 5 4
Due to affiliates 32 67
Deferred revenue 116 155
Deferred revenue—affiliate 0 1
Current operating lease liabilities 8 8
Current derivative liabilities 256 16
Total current liabilities 1,600 1,345
Long-term debt, net of premium, discount and debt issuance costs 17,184 17,177
Operating lease liabilities 87 89
Derivative liabilities 2,999 11
Other non-current liabilities—affiliate 18 18
Partners' equity (deficit)    
Common unitholders’ interest (484.0 million units issued and outstanding at both March 31, 2022 and December 31, 2021) (1,870) 1,024
General partner’s interest (2% interest with 9.9 million units issued and outstanding at March 31, 2022 and December 31, 2021) (360) (306)
Total partners' equity (deficit) (2,230) 718
Total liabilities and partners' equity (deficit) $ 19,658 $ 19,358