Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.21.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 1,713 $ 1,210
Restricted cash 133 97
Accounts and other receivables, net of current expected credit losses 358 318
Accounts receivable—affiliate 198 184
Advances to affiliate 130 144
Inventory 134 107
Current derivative assets 44 14
Other current assets 105 61
Total current assets 2,815 2,135
Property, plant and equipment, net of accumulated depreciation 16,820 16,723
Operating lease assets, net of accumulated amortization 93 99
Debt issuance costs, net of accumulated amortization 13 17
Derivative assets 25 11
Other non-current assets, net 163 160
Total assets 19,929 19,145
Current liabilities    
Accounts payable 14 12
Accrued liabilities 846 658
Accrued liabilities—related party 5 4
Current debt, net of discount and debt issuance costs 944 0
Due to affiliates 45 53
Deferred revenue 166 137
Deferred revenue—affiliate 4 1
Current operating lease liabilities 8 7
Current derivative liabilities 23 11
Total current liabilities 2,055 883
Long-term debt, net of premium, discount and debt issuance costs 17,171 17,580
Non-current deferred revenue 1 0
Operating lease liabilities 85 90
Derivative liabilities 13 35
Other non-current liabilities 0 1
Other non-current liabilities—affiliate 15 17
Partners’ equity    
Common unitholders’ interest (484.0 million units issued and outstanding at both September 30, 2021 and December 31, 2020) 856 714
General partner’s interest (2% interest with 9.9 million units issued and outstanding at September 30, 2021 and December 31, 2020) (267) (175)
Total partners’ equity 589 539
Total liabilities and partners’ equity $ 19,929 $ 19,145