v3.25.3
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 3,239 $ 94
Accounts receivable, net 1,319 1,162
Inventories, net 1,143 1,068
Other current assets 112 141
Total current assets 5,813 2,465
Property, plant and equipment 9,384 8,914
Accumulated depreciation (1,669) (1,240)
Property, plant and equipment, net 7,715 7,674
Other assets:    
Operating lease right-of-use assets, net 560 477
Goodwill 1,477 1,477
Intangible assets, net 526 547
Other non-current assets 476 400
Investments in unconsolidated affiliates 1,278 1,335
Total assets 17,845 14,375
Current liabilities:    
Accounts payable 1,106 1,255
Accounts payable to affiliates 205 199
Accrued expenses and other current liabilities 522 457
Operating lease current liabilities 32 34
Current maturities of long-term debt 2 2
Total current liabilities 1,867 1,947
Operating lease non-current liabilities 563 479
Long-term debt, net 9,476 7,484
Deferred tax liabilities 170 157
Other non-current liabilities 150 158
Total liabilities 12,304 10,307
Commitments and contingencies (Note 13)
Series A Preferred Units 1,477 0
Common unitholders   4,066
Equity:    
Total equity 4,064 4,068
Accumulated other comprehensive income (loss) (2) 2
Total liabilities and equity 17,845 14,375
Related Party    
Current liabilities:    
Advances from affiliates $ 78 $ 82
Common Units [Member]    
Current liabilities:    
Limited Partners' Capital Account, Units Issued 136,604,563 136,228,535
Common unitholders $ 4,066 $ 4,066
Equity:    
Limited Partners' Capital Account, Units Outstanding 136,604,563 136,228,535
Class C Units [Member]    
Current liabilities:    
Limited Partners' Capital Account, Units Issued 16,410,780 16,410,780
Common unitholders $ 0 $ 0
Equity:    
Limited Partners' Capital Account, Units Outstanding 16,410,780 16,410,780