Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 904 $ 876
Restricted cash and cash equivalents 92 98
Trade and other receivables, net of current expected credit losses 627 580
Accounts receivable—affiliate 551 232
Accounts receivable—related party 0 1
Advances to affiliate 177 141
Inventory 160 176
Current derivative assets 24 21
Margin deposits 35 7
Other current assets 50 80
Total current assets 2,620 2,212
Property, Plant and Equipment, Net 16,725 16,830
Operating lease assets 89 98
Debt issuance costs, net of accumulated amortization 8 12
Derivative assets 28 33
Other non-current assets, net 163 173
Total assets 19,633 19,358
Current liabilities    
Accounts payable 32 21
Accrued liabilities 1,378 1,073
Accrued liabilities—related party 6 4
Due to affiliates 74 67
Deferred revenue 144 155
Deferred revenue—affiliate 3 1
Current operating lease liabilities 10 8
Current derivative liabilities 769 16
Other current liabilities 5 0
Total current liabilities 2,421 1,345
Long-term debt, net of premium, discount and debt issuance costs 16,198 17,177
Operating lease liabilities 80 89
Finance lease liabilities 18 0
Derivative liabilities 3,024 11
Other non-current liabilities—affiliate 23 18
Commitments and contingencies
Partners’ equity (deficit)    
Common unitholders’ interest (484.0 million units issued and outstanding at both December 31, 2022 and 2021) (1,118) 1,024
General partner’s interest (2% interest with 9.9 million units issued and outstanding at both December 31, 2022 and 2021) (1,013) (306)
Total partners’ equity (deficit) (2,131) 718
Total liabilities and partners’ equity (deficit) $ 19,633 $ 19,358