Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.22.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 1,111 $ 876
Restricted cash and cash equivalents 78 98
Trade and other receivables, net of current expected credit losses 723 580
Accounts receivable—affiliate 485 232
Accounts receivable—related party 0 1
Advances to affiliate 136 141
Inventory 170 176
Current derivative assets 153 21
Other current assets 104 87
Total current assets 2,960 2,212
Property, plant and equipment, net of accumulated depreciation 16,861 16,830
Operating lease assets 94 98
Debt issuance costs, net of accumulated amortization 10 12
Derivative assets 36 33
Other non-current assets, net 169 173
Total assets 20,130 19,358
Current liabilities    
Accounts payable 31 21
Accrued liabilities 1,576 1,073
Accrued liabilities—related party 6 4
Current debt, net of discount and debt issuance costs 1,497 0
Due to affiliates 58 67
Deferred revenue 124 155
Deferred revenue—affiliate 0 1
Current operating lease liabilities 9 8
Current derivative liabilities 478 16
Total current liabilities 3,779 1,345
Long-term debt, net of premium, discount and debt issuance costs 15,693 17,177
Operating lease liabilities 85 89
Derivative liabilities 3,178 11
Other non-current liabilities—affiliate 20 18
Partners' equity (deficit)    
Common unitholders’ interest (484.0 million units issued and outstanding at both June 30, 2022 and December 31, 2021)   1,024
General partner’s interest (2% interest with 9.9 million units issued and outstanding at June 30, 2022 and December 31, 2021)   (306)
Total partners' equity (deficit) (2,625) 718
Total liabilities and partners' equity (deficit) $ 20,130 $ 19,358