Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.20.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 1,341 $ 1,781
Restricted cash 167 181
Accounts and other receivables, net 291 297
Accounts receivable—affiliate 2 105
Advances to affiliate 140 158
Inventory 101 116
Derivative assets 20 17
Other current assets 100 51
Other current assets—affiliate 1 1
Total current assets 2,163 2,707
Property, plant and equipment, net 16,584 16,368
Operating lease assets, net 97 94
Debt issuance costs, net 19 15
Non-current derivative assets 37 32
Other non-current assets, net 157 168
Total assets 19,057 19,384
Current liabilities    
Accounts payable 12 40
Accrued liabilities 410 709
Due to affiliates 36 46
Deferred revenue 22 155
Deferred revenue—affiliate 0 1
Current operating lease liabilities 7 6
Derivative liabilities 6 9
Total current liabilities 493 966
Long-term debt, net 17,566 17,579
Non-current operating lease liabilities 90 87
Non-current derivative liabilities 1 16
Other non-current liabilities 1 1
Other non-current liabilities—affiliate 18 20
Partners’ equity    
Common unitholders’ interest (348.6 million units issued and outstanding at June 30, 2020 and December 31, 2019) 1,943 1,792
Subordinated unitholders’ interest (135.4 million units issued and outstanding at June 30, 2020 and December 31, 2019) (937) (996)
General partner’s interest (2% interest with 9.9 million units issued and outstanding at June 30, 2020 and December 31, 2019) (118) (81)
Total partners’ equity 888 715
Total liabilities and partners’ equity $ 19,057 $ 19,384