Consolidated Balance Sheets - USD ($) $ in Millions		Dec. 31, 2025	Dec. 31, 2024
ASSETS
Cash and cash equivalents		$ 1,272	$ 312
Inventories		4,770	3,070
Income taxes receivable		57	56
Derivative assets		52	9
Other current assets		688	477
Total current assets		18,233	14,202
Property, plant and equipment		141,283	129,242
Accumulated depreciation and depletion		(39,141)	(34,030)
Property, Plant and Equipment, Net		102,142	95,212
Investments in unconsolidated affiliates	[1]	3,589	3,266
Lease right-of-use assets, net		1,841	809
Other non-current assets, net		2,591	2,017
Intangible assets, net		7,438	5,971
Goodwill		5,452	3,903
Total assets		141,286	125,380
LIABILITIES AND EQUITY
Derivative liabilities		10	15
Operating lease current liabilities		245	67
Accrued and other current liabilities		5,165	4,241
Current maturities of long-term debt		25	8
Total current liabilities		14,955	12,656
Long-term debt, less current maturities		68,308	59,752
Non-current operating lease liabilities		1,515	730
Deferred Income Tax Liabilities, Net		5,307	4,190
Other non-current liabilities		1,941	1,618
Commitments and contingencies
Redeemable noncontrolling interests		250	417
Limited Partners:
Preferred Unitholders (44,398,959 and 44,898,959 units authorized, issued and outstanding as of December 31, 2025 and 2024, respectively)		3,356	3,852
Common Unitholders (3,439,986,779 and 3,431,088,022 units authorized, issued and outstanding as of December 31, 2025 and 2024, respectively)		30,930	31,195
General Partner		(2)	(2)
Accumulated other comprehensive income		82	73
Total partners’ capital		34,366	35,118
Noncontrolling interests		14,644	10,899
Total equity		49,010	46,017
Total liabilities and equity		141,286	125,380
Related Party
ASSETS
Accounts receivable from related companies		119	87
LIABILITIES AND EQUITY
Accounts payable		41	19
Nonrelated Party
ASSETS
Accounts receivable, net		11,275	10,191
LIABILITIES AND EQUITY
Accounts payable		$ 9,469	$ 8,306

[1] Amounts reflected above exclude Sunoco LP’s investments in the ET-S Permian and J.C. Nolan joint ventures, which are eliminated in consolidation.