Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 1,734 $ 1,781
Restricted cash 109 181
Accounts and other receivables 259 297
Accounts receivable—affiliate 38 105
Advances to affiliate 146 158
Inventory 98 116
Derivative assets 13 17
Other current assets 49 51
Other current assets—affiliate 2 1
Total current assets 2,448 2,707
Property, plant and equipment, net 16,476 16,368
Operating lease assets, net 92 94
Debt issuance costs, net 20 15
Non-current derivative assets 41 32
Other non-current assets, net 156 168
Total assets 19,233 19,384
Current liabilities    
Accounts payable 8 40
Accrued liabilities 569 709
Current debt 1,996 0
Due to affiliates 30 46
Deferred revenue 94 155
Deferred revenue—affiliate 0 1
Current operating lease liabilities 6 6
Derivative liabilities 12 9
Total current liabilities 2,715 966
Long-term debt, net 15,591 17,579
Non-current operating lease liabilities 85 87
Non-current derivative liabilities 2 16
Other non-current liabilities 1 1
Other non-current liabilities—affiliate 19 20
Partners’ equity    
Common unitholders’ interest (348.6 million units issued and outstanding at March 31, 2020 and December 31, 2019) 1,879 1,792
Subordinated unitholders’ interest (135.4 million units issued and outstanding at March 31, 2020 and December 31, 2019) (962) (996)
General partner’s interest (2% interest with 9.9 million units issued and outstanding at March 31, 2020 and December 31, 2019) (97) (81)
Total partners’ equity 820 715
Total liabilities and partners’ equity $ 19,233 $ 19,384