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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
[1]
Operating activities:    
Net (loss)/income $ (2,061) $ 1,346 [2],[3]
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:    
Amortization of deferred financing costs 29 19
Depreciation and amortization 646 614 [3]
Goodwill and Intangible Asset Impairment 2,165 0 [3]
Deferred income taxes (1) (2)
Retirement Expenditures 0 1
Loss/(gain) on disposal of assets 1 (2)
Loss/(income) from equity method investments(2) 1,095 [4],[5] (160) [3]
Distributions from unconsolidated affiliates 226 245
Changes in:    
Current receivables 31 75
Inventories (7) 0
Fair value of derivatives (9) 7
Current accounts payable and accrued liabilities (102) (117)
Current assets/current liabilities - related parties 27 (124)
Increase (Decrease) in Other Operating Assets and Liabilities, Net (1) 1
Deferred revenue 49 46
All other, net 26 7
Net cash provided by operating activities 2,114 1,954
Investing activities:    
Additions to property, plant and equipment (708) (1,136)
Proceeds from Contributions from Affiliates 0 6
Disposal of assets 43 8
Investments in unconsolidated affiliates (222) (323)
Distributions from unconsolidated affiliates - return of capital 110 2
Payments for (Proceeds from) Other Investing Activities 0 (4)
Net cash used in investing activities (777) (1,439)
Financing activities:    
Long-term debt - borrowings 2,500 3,139
Long-term debt - repayments (1,682) (2,272)
Related party debt - borrowings 2,708 3,833
Related party debt - repayments (3,302) (3,789)
Distributions to noncontrolling interests (17) (12)
Distributions to unitholders and general partner (1,445) (1,038)
Proceeds from Contributions from Parent 20 28
Contributions from noncontrolling interests 0 94
All other, net (5) (9)
Net cash used in financing activities (1,285) (568)
Net increase/(decrease) in cash, cash equivalents and restricted cash 52 (53)
Cash, cash equivalents and restricted cash at beginning of period 15 85
Cash, cash equivalents and restricted cash at end of period 67 32
Equity Method Investment, Other than Temporary Impairment 1,264  
Series A Preferred Stock [Member] | Preferred Partner [Member]    
Financing activities:    
Distributions to preferred unitholders (41) (40)
Series B Preferred Stock [Member] | Preferred Partner [Member]    
Financing activities:    
Distributions to preferred unitholders (21) 0
Payments of Distributions on Preferred Units from Predecessor $ 0 $ 502
[1]
Financial information for the six months ended June 30, 2019 has been retrospectively adjusted for the acquisition of ANDX. See Notes 1 and 3.
[2]
Financial information for the three and six months ended June 30, 2019 has been retrospectively adjusted for the acquisition of ANDX. See Notes 1 and 3.
[3]
Financial information for the three and six months ended June 30, 2019 has been retrospectively adjusted for the acquisition of ANDX. See Notes 1 and 3.
[4]
The 2020 period includes $1,264 million of impairment expense. See Note 4.
[5]
The six months ended June 30, 2020 includes $1,264 million of impairment expense. See Note 4.