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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 953     839     114    
Distributions (1,168)     (980)     (188)    
Other comprehensive income (loss) (68)     (49)     (19)    
Contributions from noncontrolling interests 40     40          
Other 15     8     7    
Ending balance at Sep. 30, 2024 14,744     13,282     1,462    
Beginning balance at Jun. 30, 2024 14,800     13,310     1,490    
Increase (Decrease) in Partners' Capital                  
Net income 301     268     33    
Distributions (399)     (336)     (63)    
Other comprehensive income (loss) 36     26     10    
Contributions from noncontrolling interests 16     16          
Other (10)     (2)     (8)    
Ending balance at Sep. 30, 2024 14,744     13,282     1,462    
Beginning balance at Dec. 31, 2024 14,316     12,965     1,351    
Increase (Decrease) in Partners' Capital                  
Net income 1,279     1,081     198    
Distributions (1,304)     (1,079)     (225)    
Other comprehensive income (loss) 142     102     40    
Repurchase of units by a subsidiary   $ (8) $ (313)   $ (9) $ (301)   $ 1 $ (12)
Contributions from noncontrolling interests 34     34          
Other       8     (8)    
Ending balance at Sep. 30, 2025 14,146     12,801     1,345    
Beginning balance at Jun. 30, 2025 14,125     12,771     1,354    
Increase (Decrease) in Partners' Capital                  
Net income 504     420     84    
Distributions (431)     (356)     (75)    
Other comprehensive income (loss) (51)     (36)     (15)    
Contributions from noncontrolling interests 5     5          
Other (6)     (3)     (3)    
Ending balance at Sep. 30, 2025 $ 14,146     $ 12,801     $ 1,345