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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, 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
Beginning balance at Dec. 31, 2025 30,570 30,700 (1,297) 336 831
Increase (Decrease) in Partners' Equity [Roll Forward]          
Net income 3,350 3,322 0 0 28
Cash distributions paid to common unitholders (2,379) (2,379) 0 0 0
Cash payments made in connection with distribution equivalent rights (23) (23) 0 0 0
Cash distributions paid to noncontrolling interests (44) 0 0 0 (44)
Cash contributions from noncontrolling interests 1 0 0 0 1
Repurchase and cancellation of common units under 2019 Buyback Program (275) (275) 0 0 0
Amortization of fair value of equity-based awards 109 109 0 0 0
Cash flow hedges (162) 0 0 (162) 0
Other, net (83) (83) 0 0 0
Ending balance at Jun. 30, 2026 31,064 31,371 (1,297) 174 816
Beginning balance at Mar. 31, 2026 30,347 30,838 (1,297) (15) 821
Increase (Decrease) in Partners' Equity [Roll Forward]          
Net income 1,855 1,840 0 0 15
Cash distributions paid to common unitholders (1,190) (1,190) 0 0 0
Cash payments made in connection with distribution equivalent rights (12) (12) 0 0 0
Cash distributions paid to noncontrolling interests (21) 0 0 0 (21)
Cash contributions from noncontrolling interests 1 0 0 0 1
Repurchase and cancellation of common units under 2019 Buyback Program (159) (159) 0 0 0
Amortization of fair value of equity-based awards 55 55 0 0 0
Cash flow hedges 189 0 0 189 0
Other, net (1) (1) 0 0 0
Ending balance at Jun. 30, 2026 $ 31,064 $ 31,371 $ (1,297) $ 174 $ 816