Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.23.3
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 499 $ 904
Restricted cash and cash equivalents 35 92
Trade and other receivables, net of current expected credit losses 287 627
Trade receivables—affiliate 167 551
Advances to affiliate 141 177
Inventory 131 160
Current derivative assets [1] 34 24
Margin deposits 0 35
Other current assets, net 60 50
Total current assets 1,354 2,620
Property, plant and equipment, net of accumulated depreciation 16,341 16,725
Operating lease assets 83 89
Debt issuance costs, net of accumulated amortization 17 8
Derivative assets [1] 111 28
Other non-current assets, net $ 166 $ 163
Accounts Receivable, after Allowance for Credit Loss, Current, Related and Nonrelated Party Status [Extensible Enumeration] Affiliated Entity [Member] Affiliated Entity [Member]
Other Receivable, after Allowance for Credit Loss, Current, Related and Nonrelated Party Status [Extensible Enumeration] Affiliated Entity [Member] Affiliated Entity [Member]
Total assets $ 18,072 $ 19,633
Current liabilities    
Accounts payable 50 32
Accrued liabilities 688 1,458
Current debt, net of discount and debt issuance costs 349 0
Deferred revenue 152 147
Current operating lease liabilities 11 10
Current derivative liabilities [1] 294 769
Other current liabilities 5 5
Total current liabilities 1,549 2,421
Long-term debt, net of discount and debt issuance costs 15,600 16,198
Operating lease liabilities 74 80
Finance lease liabilities 15 18
Derivative liabilities [1] 1,731 3,024
Other non-current liabilities 76 23
Partners’ deficit    
Common unitholders’ interest (484.0 million units issued and outstanding at both September 30, 2023 and December 31, 2022) 647 (1,118)
General partner’s interest (2% interest with 9.9 million units issued and outstanding at both September 30, 2023 and December 31, 2022) (1,620) (1,013)
Total partners’ deficit (973) (2,131)
Total liabilities and partners’ deficit 18,072 19,633
Nonrelated Party [Member]    
Current liabilities    
Accrued liabilities 641 1,378
Deferred revenue 151 144
Other non-current liabilities 52 0
Affiliate [Member]    
Current liabilities    
Accrued liabilities 42 74
Deferred revenue 1 3
Other non-current liabilities 24 23
Related Party [Member]    
Current liabilities    
Accrued liabilities $ 5 $ 6
[1] Does not include collateral posted by counterparties to us of $1 million as of September 30, 2023, which is included in other current liabilities on our Consolidated Balance Sheets, and collateral posted with counterparties by us of $35 million as of December 31, 2022, which is included in margin deposits on our Consolidated Balance Sheets.