Cash and Cash Equivalents

12 Months Ended

Dec. 31, 2025

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents

Cash And Cash Equivalents

Cash and cash equivalents include cash on hand, demand deposits and short-term investments with original maturities of three months or less.

The net change in operating assets and liabilities, net of effects of acquisitions and divestitures, included in cash flows from operating activities is comprised as follows:

	Year Ended December 31,
	2025		2024		2023
Accounts receivable, net	$	212	$	(212)	$	34
Accounts receivable from affiliates	—		20		(5)
Inventories, net	(275)		(265)		(182)
Other assets	(30)		43		47
Accounts payable	(255)		357		(101)
Accounts payable to affiliates	129		29		61
Accrued expenses and other current liabilities	(86)		(66)		43
Other non-current liabilities	(76)		(106)		(18)
	$	(381)	$	(200)	$	(121)

Non-cash investing and financing activities were as follows:

	Year Ended December 31,
	2025		2024		2023
Non-cash investing and financing activities and supplemental cash flow information:
Senior notes redeemed and issued in exchange transaction	$	3,654	$	—	$	—
Units issued in connection with acquisitions	4,038		2,850		—
Contribution of assets to ET-S Permian	—		1,159		—
Lease assets obtained in exchange for new lease liabilities	280		3		—
Interest paid	434		339		202