Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.20.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 1,254 $ 1,781
Restricted cash 157 181
Accounts and other receivables, net 204 297
Accounts receivable—affiliate 82 105
Advances to affiliate 120 158
Inventory 113 116
Derivative assets 14 17
Other current assets 117 51
Other current assets—affiliate 0 1
Total current assets 2,061 2,707
Property, plant and equipment, net 16,666 16,368
Operating lease assets, net 100 94
Debt issuance costs, net 18 15
Non-current derivative assets 30 32
Other non-current assets, net 155 168
Total assets 19,030 19,384
Current liabilities    
Accounts payable 17 40
Accrued liabilities 564 709
Accrued liabilities—related party 2 0
Due to affiliates 42 46
Deferred revenue 179 155
Deferred revenue—affiliate 0 1
Current operating lease liabilities 7 6
Derivative liabilities 31 9
Total current liabilities 842 966
Long-term debt, net 17,573 17,579
Non-current operating lease liabilities 92 87
Non-current derivative liabilities 25 16
Other non-current liabilities 2 1
Other non-current liabilities—affiliate 18 20
Partners’ equity    
Common unitholders’ interest (484.0 million and 348.6 million units issued and outstanding at September 30, 2020 and December 31, 2019, respectively) 627 1,792
Subordinated unitholders’ interest (zero and 135.4 million units issued and outstanding at September 30, 2020 and December 31, 2019, respectively) 0 (996)
General partner’s interest (2% interest with 9.9 million units issued and outstanding at September 30, 2020 and December 31, 2019) (149) (81)
Total partners’ equity 478 715
Total liabilities and partners’ equity $ 19,030 $ 19,384