CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
CURRENT ASSETS
Cash and cash equivalents	$ 459	$ 348
Trade accounts receivable and other receivables, net	3,562	3,679
Inventory	151	261
Current assets of discontinued operations (Note 2)	385	415
Other current assets	131	99
Total current assets	4,688	4,802
PROPERTY AND EQUIPMENT	19,589	18,528
Accumulated depreciation	(5,412)	(5,082)
Property and equipment, net	14,177	13,446
OTHER ASSETS
Investments in unconsolidated entities	2,709	2,811
Intangible assets, net	1,636	1,677
Linefill	940	904
Long-term operating lease right-of-use assets, net	182	189
Long-term inventory	234	242
Long-term assets of discontinued operations (Note 2)	2,482	2,349
Other long-term assets, net	107	142
Total assets	27,155	26,562
CURRENT LIABILITIES
Trade accounts payable	3,364	3,647
Short-term debt	475	407
Current liabilities of discontinued operations (Note 2)	313	350
Other current liabilities	527	546
Total current liabilities	4,679	4,950
LONG-TERM LIABILITIES
Senior notes, net	8,133	7,141
Other long-term debt, net	71	70
Long-term operating lease liabilities	190	192
Long-term liabilities of discontinued operations (Note 2)	598	576
Other long-term liabilities and deferred credits	535	537
Total long-term liabilities	9,527	8,516
COMMITMENTS AND CONTINGENCIES (NOTE 10)
PARTNERS’ CAPITAL
Total partners’ capital excluding noncontrolling interests	9,706	9,813
Noncontrolling interests	3,243	3,283
Total partners’ capital	12,949	13,096
Total liabilities and partners’ capital	27,155	26,562
Series A Preferred Units
PARTNERS’ CAPITAL
Partners' capital	1,246	1,514
Series B Preferred Units
PARTNERS’ CAPITAL
Partners' capital	787	787
Common Units
PARTNERS’ CAPITAL
Partners' capital	$ 7,673	$ 7,512