Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.23.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 1,834 $ 904
Restricted cash and cash equivalents 241 92
Trade and other receivables, net of current expected credit losses 189 627
Trade receivables—affiliate 134 551
Advances to affiliate 154 177
Inventory 130 160
Current derivative assets [1] 32 24
Margin deposits 3 35
Other current assets 76 50
Total current assets 2,793 2,620
Property, Plant and Equipment, Net 16,463 16,725
Operating lease assets 85 89
Debt issuance costs, net of accumulated amortization 18 8
Derivative assets [1] 29 28
Other non-current assets, net 169 163
Total assets 19,557 19,633
Current liabilities    
Accounts payable 60 32
Accrued liabilities 599 1,458
Current debt, net of discount and debt issuance costs 1,796 0
Deferred revenue 97 147
Current operating lease liabilities 10 10
Current derivative liabilities [1] 366 769
Other current liabilities 4 5
Total current liabilities 2,932 2,421
Long-term debt, net of premium, discount and debt issuance costs 15,595 16,198
Operating lease liabilities 75 80
Finance lease liabilities 16 18
Derivative liabilities [1] 1,936 3,024
Other non-current liabilities 49 23
Partners’ deficit    
Common unitholders’ interest (484.0 million units issued and outstanding at both June 30, 2023 and December 31, 2022) 372 (1,118)
General partner’s interest (2% interest with 9.9 million units issued and outstanding at both June 30, 2023 and December 31, 2022) (1,418) (1,013)
Total partners’ deficit (1,046) (2,131)
Total liabilities and partners’ deficit $ 19,557 $ 19,633
Accounts Receivable, after Allowance for Credit Loss, Current, Related and Nonrelated Party Status [Extensible Enumeration] Affiliate [Member] Affiliate [Member]
Other Receivable, after Allowance for Credit Loss, Current, Related and Nonrelated Party Status [Extensible Enumeration] Affiliate [Member] Affiliate [Member]
Nonrelated Party [Member]    
Current assets    
Other current assets $ 75 $ 50
Current liabilities    
Accrued liabilities 556 1,378
Deferred revenue 97 144
Other non-current liabilities 26 0
Affiliate [Member]    
Current assets    
Other current assets 1 0
Current liabilities    
Accrued liabilities 38 74
Deferred revenue 0 3
Other non-current liabilities 23 23
Related Party [Member]    
Current liabilities    
Accrued liabilities $ 5 $ 6
[1] Does not include collateral posted with counterparties by us of $3 million and $35 million as of June 30, 2023 and December 31, 2022, respectively, which are included in margin deposits on our Consolidated Balance Sheets.