Consolidated Balance Sheet - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 92	$ 286
Accounts receivable—related parties	91	101
Accounts receivable—third parties	4	4
Materials and supplies	13	13
Prepaid expenses and other current assets	14	10
Total current assets	214	414
Equity investments	3,136	2,961
Net properties, plants and equipment	3,410	3,349
Goodwill	185	185
Other assets	52	52
Total Assets	6,997	6,961
Liabilities
Accounts payable—related parties	24	19
Accounts payable—third parties	75	84
Accrued interest	46	42
Deferred revenues	19	16
Short-term debt	25	25
Accrued property and other taxes	12	10
Other current liabilities	3	3
Total current liabilities	204	199
Long-term debt	3,491	3,491
Obligation from equity interest transfer	356	343
Other liabilities	93	94
Total Liabilities	4,144	4,127
Equity
Accumulated other comprehensive loss	(1)	(1)
Total Equity	2,853	2,834
Total Liabilities and Equity	6,997	6,961
Public | Preferred Units
Equity
Preferred unitholders (2020 and 2019—13,819,791 units issued and outstanding)	747	746
Total Equity	747	746
Public | Common Units
Equity
Common unitholders	2,723	2,717
Total Equity	2,723	2,717
Non-public | Common Units | Phillips 66
Equity
Common unitholders	(616)	(628)
Total Equity	$ (616)	$ (628)