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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 1,104 $ 541
Funds deposited by counterparties 12 84
Restricted cash 10 24
Accounts receivable, net 3,258 3,542
Inventory 540 607
Derivative instruments 2,456 3,862
Cash collateral paid in support of energy risk management activities 449 441
Prepayments and other current assets 782 626
Total current assets 8,611 9,727
Property, plant and equipment, net 1,818 1,763
Other Assets    
Equity investments in affiliates 49 42
Operating lease right-of-use assets, net 172 179
Goodwill 5,018 5,079
Derivative instruments 1,747 2,293
Deferred income taxes 2,098 2,251
Other non-current assets 1,124 777
Total other assets 13,295 14,548
Total Assets 23,724 26,038
Current Liabilities    
Current portion of long-term debt and finance leases 258 620
Current portion of operating lease liabilities 77 90
Accounts payable 1,994 2,325
Derivative instruments 2,351 4,019
Cash collateral received in support of energy risk management activities 12 84
Deferred revenue current 761 720
Accrued expenses and other current liabilities 1,895 1,642
Total current liabilities 7,348 9,500
Other Liabilities    
Long-term debt and finance leases 10,422 10,133
Non-current operating lease liabilities 125 128
Derivative instruments 1,469 1,488
Deferred income taxes 8 22
Deferred revenue non-current 919 914
Other non-current liabilities 913 947
Total other liabilities 13,856 13,632
Total Liabilities 21,204 23,132
Commitments and Contingencies
Stockholders' Equity    
Preferred stock; 10,000,000 shares authorized; 650,000 Series A shares issued and outstanding at September 30, 2024 and December 31, 2023, aggregate liquidation preference of $650 at September 30, 2024 and December 31, 2023 650 650
Common stock; $0.01 par value; 500,000,000 shares authorized; 264,056,285 and 267,330,470 shares issued and 204,929,327 and 208,130,950 shares outstanding at September 30, 2024 and December 31, 2023, respectively 3 3
Additional paid-in-capital 3,145 3,416
Retained earnings 977 820
Treasury stock, at cost; 59,126,958 shares and 59,199,520 shares at September 30, 2024 and December 31, 2023, respectively (2,150) (1,892)
Accumulated other comprehensive loss (105) (91)
Total Stockholders' Equity 2,520 2,906
Total Liabilities and Stockholders' Equity 23,724 26,038
Customer relationships, net    
Other Assets    
Intangible assets, net 1,648 2,164
Other intangible assets, net    
Other Assets    
Intangible assets, net $ 1,439 $ 1,763