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UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED EQUITY - USD ($)
$ in Millions
Total
Common Limited Partner Interests
Treasury Units
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests in Consolidated Subsidiaries
Beginning balance at Dec. 31, 2023 $ 28,759 $ 28,663 $ (1,297) $ 307 $ 1,086
Increase (Decrease) in Partners' Equity [Roll Forward]          
Net income 2,903 2,861 0 0 42
Cash distributions paid to common unitholders (2,235) (2,235) 0 0 0
Cash payments made in connection with distribution equivalent rights (21) (21) 0 0 0
Cash distributions paid to noncontrolling interests (63) 0 0 0 (63)
Cash contributions from noncontrolling interests 25 0 0 0 25
Repurchase and cancellation of common units under 2019 Buyback Program (80) (80) 0 0 0
Amortization of fair value of equity-based awards 100 100 0 0 0
Acquisition of noncontrolling interests (400) (118) 0 0 (282)
Cash flow hedges (131) 0 0 (131) 0
Other, net (60) (60) 0 0 0
Ending balance at Jun. 30, 2024 28,797 29,110 (1,297) 176 808
Beginning balance at Mar. 31, 2024 28,477 28,831 (1,297) 143 800
Increase (Decrease) in Partners' Equity [Roll Forward]          
Net income 1,421 1,405 0 0 16
Cash distributions paid to common unitholders (1,118) (1,118) 0 0 0
Cash payments made in connection with distribution equivalent rights (11) (11) 0 0 0
Cash distributions paid to noncontrolling interests (25) 0 0 0 (25)
Cash contributions from noncontrolling interests 17 0 0 0 17
Repurchase and cancellation of common units under 2019 Buyback Program (40) (40) 0 0 0
Amortization of fair value of equity-based awards 44 44 0 0 0
Cash flow hedges 33 0 0 33 0
Other, net (1) (1) 0 0 0
Ending balance at Jun. 30, 2024 28,797 29,110 (1,297) 176 808
Beginning balance at Dec. 31, 2024 29,589 29,793 (1,297) 236 857
Increase (Decrease) in Partners' Equity [Roll Forward]          
Net income 2,858 2,828 0 0 30
Cash distributions paid to common unitholders (2,319) (2,319) 0 0 0
Cash payments made in connection with distribution equivalent rights (22) (22) 0 0 0
Cash distributions paid to noncontrolling interests (39) 0 0 0 (39)
Cash contributions from noncontrolling interests 5 0 0 0 5
Repurchase and cancellation of common units under 2019 Buyback Program (170) (170) 0 0 0
Amortization of fair value of equity-based awards 98 98 0 0 0
Cash flow hedges 0 0 0 0 0
Other, net (81) (81) 0 0 0
Ending balance at Jun. 30, 2025 29,919 30,127 (1,297) 236 853
Beginning balance at Mar. 31, 2025 29,775 29,927 (1,297) 285 860
Increase (Decrease) in Partners' Equity [Roll Forward]          
Net income 1,453 1,435 0 0 18
Cash distributions paid to common unitholders (1,160) (1,160) 0 0 0
Cash payments made in connection with distribution equivalent rights (11) (11) 0 0 0
Cash distributions paid to noncontrolling interests (26) 0 0 0 (26)
Cash contributions from noncontrolling interests 1 0 0 0 1
Repurchase and cancellation of common units under 2019 Buyback Program (110) (110) 0 0 0
Amortization of fair value of equity-based awards 49 49 0 0 0
Cash flow hedges (49) 0 0 (49) 0
Other, net (3) (3) 0 0 0
Ending balance at Jun. 30, 2025 $ 29,919 $ 30,127 $ (1,297) $ 236 $ 853