XML 19 R6.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income $ 1,194 $ 1,252
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 342 338
Amortization of discount and debt issuance costs 12 13
Total gains on derivative instruments, net (121) (164)
Net cash provided by (used for) settlement of derivative instruments (13) 17
Other 9 12
Changes in operating assets and liabilities:    
Trade and other receivables 119 88
Trade receivables—affiliate 16 134
Trade receivables—related party 1 0
Advances to affiliates (79) (38)
Inventory (3) (3)
Accounts payable and accrued liabilities (169) (146)
Accounts payable and accrued liabilities—related party (5) 0
Total deferred revenue (16) (19)
Other, net (39) (62)
Other, net—affiliate (25) (21)
Net cash provided by operating activities 1,223 1,401
Cash flows from investing activities    
Property, plant and equipment (128) (66)
Other, net (3) (3)
Net cash used in investing activities (131) (69)
Cash flows from financing activities    
Proceeds from issuances of debt and borrowings 265 1,228
Redemptions and repayments of debt (565) (1,530)
Debt issuance and other financing costs 0 (15)
Distributions (1,025) (1,224)
Other (2) (3)
Net cash used in financing activities (1,327) (1,544)
Net decrease in cash, cash equivalents and restricted cash and cash equivalents (235) (212)
Cash, Cash Equivalents—beginning of period 379 631
Cash, Cash Equivalents—end of period $ 144 $ 419