Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 1,781 $ 0
Restricted cash 181 1,541
Accounts and other receivables 297 348
Accounts receivable—affiliate 105 114
Advances to affiliate 158 228
Inventory 116 99
Derivative assets 17 6
Other current assets 51 20
Other current assets—affiliate 1 0
Total current assets 2,707 2,356
Property, plant and equipment, net 16,368 15,390
Operating lease assets, net 94 0
Debt issuance costs, net 15 13
Non-current derivative assets 32 31
Other non-current assets, net 168 184
Total assets 19,384 17,974
Current liabilities    
Accounts payable 40 15
Accrued liabilities 709 821
Due to affiliates 46 49
Deferred revenue 155 116
Deferred revenue—affiliate 1 1
Current operating lease liabilities 6 0
Derivative liabilities 9 66
Total current liabilities 966 1,068
Long-term debt, net 17,579 16,066
Non-current operating lease liabilities 87 0
Non-current derivative liabilities 16 14
Other non-current liabilities 1 4
Other non-current liabilities—affiliate 20 22
Commitments and contingencies (see Note 16)
Partners’ equity    
Common unitholders’ interest (348.6 million units issued and outstanding at December 31, 2019 and 2018) 1,792 1,806
Subordinated unitholders’ interest (135.4 million units issued and outstanding at December 31, 2019 and 2018) (996) (990)
General partner’s interest (2% interest with 9.9 million units issued and outstanding at December 31, 2019 and 2018) (81) (16)
Total partners’ equity 715 800
Total liabilities and partners’ equity $ 19,384 $ 17,974