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CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL - USD ($)
$ in Millions
Total
Cactus II Pipeline LLC
Noncontrolling Interests
Noncontrolling Interests
Cactus II Pipeline LLC
Limited Partners
Class A Shares
Partners’ Capital
Balance, beginning of period at Dec. 31, 2021 $ 14,177   $ 12,644   $ 1,533
Increase (Decrease) in Partners' Capital          
Net income 1,163   995   168
Distributions (Note 11) (1,083)   (921)   (162)
Deferred tax asset (Note 14) 5       5
Other comprehensive income/(loss) (Note 11) (101)   (73)   (28)
Equity-indexed compensation expense 33   23   10
Repurchase of common units by a subsidiary (Note 11) (74)   (76)   2
Contributions from noncontrolling interests 26   26    
Cactus II Pipeline LLC transaction (Note 7)   $ 526   $ 526  
Other (34)   (30)   (4)
Balance, end of period at Dec. 31, 2022 14,638   13,114   1,524
Increase (Decrease) in Partners' Capital          
Net income 1,425   1,227   198
Distributions (Note 11) (1,330)   (1,121)   (209)
Deferred tax asset (Note 14) (2)       (2)
Other comprehensive income/(loss) (Note 11) 118   85   33
Equity-indexed compensation expense 37   26   11
Contributions from noncontrolling interests 106   106    
Other (20)   (13)   (7)
Balance, end of period at Dec. 31, 2023 14,972   13,424   1,548
Increase (Decrease) in Partners' Capital          
Net income 1,070   967   103
Distributions (Note 11) (1,569)   (1,318)   (251)
Deferred tax asset (Note 14) 18       18
Other comprehensive income/(loss) (Note 11) (247)   (178)   (69)
Equity-indexed compensation expense 38   26   12
Contributions from noncontrolling interests 57   57    
Other (23)   (13)   (10)
Balance, end of period at Dec. 31, 2024 $ 14,316   $ 12,965   $ 1,351