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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL - USD ($)
$ in Millions
Total
Common Stock
Series A Preferred Stock
Noncontrolling Interests
Noncontrolling Interests
Common Stock
Noncontrolling Interests
Series A Preferred Stock
Class A Shares
Partners’ Capital
Limited Partners
Class A Shares
Partners’ Capital
Limited Partners
Common Stock
Class A Shares
Partners’ Capital
Limited Partners
Series A Preferred Stock
Beginning balance at Dec. 31, 2023 $ 14,972     $ 13,424     $ 1,548    
Increase (Decrease) in Partners' Capital                  
Net income 653     572     81    
Distributions (770)     (645)     (125)    
Other comprehensive income (loss) (104)     (75)     (29)    
Contributions from noncontrolling interests 24     24          
Other 25     10     15    
Ending balance at Jun. 30, 2024 14,800     13,310     1,490    
Beginning balance at Mar. 31, 2024 14,878     13,360     1,518    
Increase (Decrease) in Partners' Capital                  
Net income 316     277     39    
Distributions (383)     (320)     (63)    
Other comprehensive income (loss) (33)     (24)     (9)    
Contributions from noncontrolling interests 12     12          
Other 10     5     5    
Ending balance at Jun. 30, 2024 14,800     13,310     1,490    
Beginning balance at Dec. 31, 2024 14,316     12,965     1,351    
Increase (Decrease) in Partners' Capital                  
Net income 775     661     114    
Distributions (874)     (724)     (150)    
Other comprehensive income (loss) 192     138     54    
Repurchase of units by a subsidiary   $ (8) $ (313)   $ (9) $ (301)   $ 1 $ (12)
Contributions from noncontrolling interests 29     29          
Other 8     12     (4)    
Ending balance at Jun. 30, 2025 14,125     12,771     1,354    
Beginning balance at Mar. 31, 2025 14,060     12,704     1,356    
Increase (Decrease) in Partners' Capital                  
Net income 283     253     30    
Distributions (418)     (343)     (75)    
Other comprehensive income (loss) 187     134     53    
Repurchase of units by a subsidiary   $ (8)     $ (9)     $ 1  
Contributions from noncontrolling interests 25     25          
Other (4)     7     (11)    
Ending balance at Jun. 30, 2025 $ 14,125     $ 12,771     $ 1,354