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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 453 $ 404
Trade accounts receivable and other receivables, net 3,760 3,907
Inventory 548 729
Other current assets 155 318
Total current assets 4,916 5,358
PROPERTY AND EQUIPMENT 21,143 20,055
Accumulated depreciation (5,361) (4,802)
Property and equipment, net 15,782 15,253
OTHER ASSETS    
Investments in unconsolidated entities 2,820 3,084
Intangible assets, net 1,875 2,145
Deferred tax asset 1,239 1,309
Linefill 976 961
Long-term operating lease right-of-use assets, net 313 349
Long-term inventory 265 284
Other long-term assets, net 411 464
Total assets 28,597 29,207
CURRENT LIABILITIES    
Trade accounts payable 3,845 4,045
Short-term debt 446 1,159
Other current liabilities 714 689
Total current liabilities 5,005 5,893
LONG-TERM LIABILITIES    
Senior notes, net 7,242 7,237
Other long-term debt, net 63 50
Long-term operating lease liabilities 274 308
Other long-term liabilities and deferred credits 1,041 1,081
Total long-term liabilities 8,620 8,676
COMMITMENTS AND CONTINGENCIES (NOTE 18)
PARTNERS’ CAPITAL    
Noncontrolling interests 13,424 13,114
Total partners’ capital 14,972 14,638
Total liabilities and partners’ capital 28,597 29,207
Class A Shares    
PARTNERS’ CAPITAL    
Class A shareholders (196,416,760 and 194,407,642 shares outstanding, respectively) $ 1,548 $ 1,524