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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income/(loss) $ (2,701) $ 1,418
Reconciliation of net income/(loss) to net cash provided by operating activities:    
Depreciation and amortization 333 283
(Gains)/losses on asset sales and asset impairments, net (Note 14) 618  
Goodwill impairment losses (Note 6) 2,515  
Equity-indexed compensation expense 4 24
Inventory valuation adjustments 232  
Deferred income tax benefit (12) (52)
Loss on foreign currency revaluation 23 12
Settlement of terminated interest rate hedging instruments (100) (22)
Change in fair value of Preferred Distribution Rate Reset Option (Note 10) (17) (16)
Equity earnings in unconsolidated entities (191) (172)
Distributions on earnings from unconsolidated entities 236 200
(Gain on)/impairment of investments in unconsolidated entities, net (Note 7) 91 (267)
Other 10 12
Changes in assets and liabilities, net of acquisitions (67) 44
Net cash provided by operating activities 974 1,464
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid in connection with acquisitions, net of cash acquired (Note 14) (308) (47)
Investments in unconsolidated entities (314) (259)
Additions to property, equipment and other (472) (642)
Proceeds from sales of assets (Note 14) 245 2
Cash paid for purchases of linefill and base gas (12) (24)
Other investing activities 3 (8)
Net cash used in investing activities (858) (978)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net borrowings/(repayments) under commercial paper program (Note 8) (93) 218
Net borrowings/(repayments) under senior secured hedged inventory facility (Note 8) (325) 100
Proceeds from the issuance of senior notes (Note 8) 748  
Repayments of senior notes (Note 8) (17)  
Sale of noncontrolling interest in a subsidiary   128
Other financing activities 94 45
Net cash used in financing activities (85) (88)
Effect of translation adjustment (9) (3)
Net increase in cash and cash equivalents and restricted cash 22 395
Cash and cash equivalents and restricted cash, beginning of period 82 66
Cash and cash equivalents and restricted cash, end of period 104 461
Cash paid for:    
Interest, net of amounts capitalized 213 188
Income taxes, net of amounts refunded 51 86
Series A Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 9) (74) (74)
Series B Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 9) (25) (25)
Common Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 9) $ (393) $ (480)