v3.25.3
Consolidated Statement of Equity - USD ($)
$ in Millions
Total
Common Unitholders
Accumulated Other Comprehensive Income
Noncontrolling Interest
Accumulated other comprehensive income (loss) $ 0      
Common unitholders 978      
Partners' Capital Attributable to Noncontrolling Interest 0      
Beginning balance at Dec. 31, 2023 978      
Cash distributions to unitholders, including incentive distributions 91 $ 91 $ 0 $ 0
Non-cash unit-based compensation 4 4 0 0
Less: Net income attributable to noncontrolling interests 0      
NET INCOME 230      
Ending balance at Mar. 31, 2024 1,121      
Net income 230   0  
Beginning balance at Dec. 31, 2023 978      
Other comprehensive income, net of tax 0      
Less: Net income attributable to noncontrolling interests 8      
NET INCOME 733      
Ending balance at Sep. 30, 2024 4,180      
Net income 725      
Accumulated other comprehensive income (loss) 0      
Common unitholders 1,121      
Partners' Capital Attributable to Noncontrolling Interest 0      
Beginning balance at Mar. 31, 2024 1,121      
Cash distributions to unitholders, including incentive distributions 166 158 0 8
Non-cash unit-based compensation 4 4 0 0
Other comprehensive income, net of tax (2) 0 (2) 0
Units issued in acquisition 3,651 2,850 0 801
Partners' Capital Account, Redemptions (784) 17 0 (801)
Other 5 (3) 8 0
Less: Net income attributable to noncontrolling interests 8      
NET INCOME 501      
Ending balance at Jun. 30, 2024 4,330      
Net income 493   0  
Accumulated other comprehensive income (loss) 6      
Common unitholders 4,324      
Partners' Capital Attributable to Noncontrolling Interest 0      
Cash distributions to unitholders, including incentive distributions 157 157 0 0
Non-cash unit-based compensation 4 4 0 0
Other comprehensive income, net of tax 2 0 2 0
Other (1) 6 (7) $ 0
Less: Net income attributable to noncontrolling interests 0      
NET INCOME 2      
Ending balance at Sep. 30, 2024 4,180      
Net income 2   0  
Accumulated other comprehensive income (loss) 1      
Common unitholders 4,179      
Partners' Capital Attributable to Noncontrolling Interest 0      
Accumulated other comprehensive income (loss) 2      
Common unitholders 4,066      
Beginning balance at Dec. 31, 2024 4,068      
Cash distributions to unitholders, including incentive distributions 159 159 0  
Non-cash unit-based compensation 4 4 0  
Other comprehensive income, net of tax 1 0 1  
Units issued in acquisition 5 5 0  
Other 30 36 (6)  
Ending balance at Mar. 31, 2025 4,156      
Net income 207 207 0  
Beginning balance at Dec. 31, 2024 4,068      
Other comprehensive income, net of tax 2      
Less: Net income attributable to noncontrolling interests 0      
NET INCOME 430      
Ending balance at Sep. 30, 2025 4,064      
Net income 426      
Accumulated other comprehensive income (loss) (3)      
Common unitholders 4,159      
Beginning balance at Mar. 31, 2025 4,156      
Cash distributions to unitholders, including incentive distributions 163 163 0  
Non-cash unit-based compensation 5 5 0  
Other comprehensive income, net of tax 1 0 1  
Units issued in acquisition 13 13 0  
Other (1) (1) 0  
Ending balance at Jun. 30, 2025 4,097      
Net income 86 86 0  
Accumulated other comprehensive income (loss) (2)      
Common unitholders 4,099      
Cash distributions to unitholders, including incentive distributions 166 166 0  
Non-cash unit-based compensation 5 5 0  
Other comprehensive income, net of tax 0 0 0  
Other (5) (5) 0  
Less: Net income attributable to noncontrolling interests 0      
NET INCOME 137      
Ending balance at Sep. 30, 2025 4,064      
Net income 133 133 0  
Accumulated other comprehensive income (loss) $ (2)   $ (2)  
Common unitholders   $ 4,066