Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets

v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 569 $ 182
Restricted cash and cash equivalents 35 19
Trade and other receivables, net of current expected credit losses 617 749
Advances to affiliates 152 145
Inventory 165 180
Prepaid expenses 50 42
Other current assets, net 16 21
Total current assets 1,604 1,338
Property, plant and equipment, net of accumulated depreciation 15,087 15,259
Operating lease assets 73 76
Deferred NPNS assets 669 0
Derivative assets 1 541
Other non-current assets, net $ 405 $ 223
Other Receivable, after Allowance for Credit Loss, Current, Related and Nonrelated Party Status [Extensible Enumeration] Affiliated Entity [Member] Affiliated Entity [Member]
Total assets $ 17,839 $ 17,437
Current liabilities    
Accounts payable 97 53
Accrued liabilities 788 1,047
Current debt, net of unamortized discount and debt issuance costs 112 306
Deferred revenue 144 119
Current portion of deferred NPNS liabilities 103 0
Current derivative liabilities 84 164
Other current liabilities 20 19
Total current liabilities 1,348 1,708
Long-term debt, net of unamortized discount and debt issuance costs 14,283 14,161
Deferred NPNS liabilities 1,055 0
Derivative liabilities 41 900
Other non-current liabilities 233 254
Total liabilities 16,960 17,023
Partners’ equity    
Common unitholders’ interest (484 million units issued and outstanding at both September 30, 2026 and December 31, 2025) 3,921 3,156
General partner’s interest (2% interest with 10 million units issued and outstanding at both September 30, 2026 and December 31, 2025) (3,042) (2,742)
Total partners’ equity 879 414
Total liabilities and partners’ equity 17,839 17,437
Nonrelated Party [Member]    
Current assets    
Trade and other receivables, net of current expected credit losses 327 511
Current liabilities    
Accrued liabilities 738 990
Other current liabilities 14 15
Other non-current liabilities 216 231
Affiliate [Member]    
Current assets    
Trade and other receivables, net of current expected credit losses 290 238
Current liabilities    
Accrued liabilities 50 57
Other current liabilities 6 4
Other non-current liabilities $ 17 $ 23