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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 556 $ 453
Trade accounts receivable and other receivables, net 4,208 3,760
Inventory 502 548
Other current assets 114 155
Total current assets 5,380 4,916
PROPERTY AND EQUIPMENT 21,254 21,143
Accumulated depreciation (5,638) (5,361)
Property and equipment, net 15,616 15,782
OTHER ASSETS    
Investments in unconsolidated entities 2,862 2,820
Intangible assets, net 1,741 1,875
Deferred tax asset 1,221 1,239
Linefill 980 976
Long-term operating lease right-of-use assets, net 312 313
Long-term inventory 290 265
Other long-term assets, net 265 411
Total assets 28,667 28,597
CURRENT LIABILITIES    
Trade accounts payable 4,016 3,845
Short-term debt 765 446
Other current liabilities 617 714
Total current liabilities 5,398 5,005
LONG-TERM LIABILITIES    
Senior notes, net 7,139 7,242
Other long-term debt, net 72 63
Long-term operating lease liabilities 279 274
Other long-term liabilities and deferred credits 979 1,041
Total long-term liabilities 8,469 8,620
COMMITMENTS AND CONTINGENCIES (NOTE 9)
PARTNERS’ CAPITAL    
Noncontrolling interests 13,310 13,424
Total partners’ capital 14,800 14,972
Total liabilities and partners’ capital 28,667 28,597
Class A Shares    
PARTNERS’ CAPITAL    
Class A shareholders (197,263,697 and 196,416,760 shares outstanding, respectively) $ 1,490 $ 1,548