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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 22 $ 45
Restricted cash 38 37
Trade accounts receivable and other receivables, net 2,553 3,614
Inventory 647 604
Other current assets 405 312
Total current assets 3,665 4,612
PROPERTY AND EQUIPMENT 18,585 18,948
Accumulated depreciation (3,974) (3,593)
Property and equipment, net 14,611 15,355
OTHER ASSETS    
Investments in unconsolidated entities 3,764 3,683
Goodwill 0 2,540
Linefill and base gas 982 981
Long-term operating lease right-of-use assets, net 378 466
Long-term inventory 130 182
Other long-term assets, net 967 858
Total assets 24,497 28,677
CURRENT LIABILITIES    
Trade accounts payable 2,437 3,686
Short-term debt 831 504
Other current liabilities 985 827
Total current liabilities 4,253 5,017
LONG-TERM LIABILITIES    
Senior notes, net 9,071 8,939
Other long-term debt, net 311 248
Long-term operating lease liabilities 317 387
Other long-term liabilities and deferred credits 807 891
Total long-term liabilities 10,506 10,465
COMMITMENTS AND CONTINGENCIES (NOTE 19)
PARTNERS’ CAPITAL    
Total partners’ capital excluding noncontrolling interests 9,593 13,062
Noncontrolling interests 145 133
Total partners’ capital 9,738 13,195
Total liabilities and partners’ capital 24,497 28,677
Series A Preferred Units    
PARTNERS’ CAPITAL    
Partners' capital 1,505 1,505
Series B Preferred Units    
PARTNERS’ CAPITAL    
Partners' capital 787 787
Common Units    
PARTNERS’ CAPITAL    
Partners' capital $ 7,301 $ 10,770