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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 26.2 $ 39.6
Accounts receivable:    
Trade, net of allowance for bad debt of $0.3 and $0.5, respectively 94.9 80.6
Accrued revenue and other 693.3 447.5
Fair value of derivative assets 22.4 25.0
Other current assets 83.6 58.7
Total current assets 920.4 651.4
Property and equipment, net of accumulated depreciation of $4,332.0 and $3,863.0, respectively 6,388.3 6,652.1
Intangible assets, net of accumulated amortization of $795.1 and $668.8, respectively 1,049.7 1,125.4
Investment in unconsolidated affiliates 28.0 41.6
Fair value of derivative assets 0.2 4.9
Other assets, net 96.6 75.5
Total assets 8,483.2 8,550.9
Current liabilities:    
Accounts payable and drafts payable 139.6 60.5
Accrued gas, NGLs, condensate, and crude oil purchases [1] 521.5 291.5
Fair value of derivative liabilities 34.9 37.1
Current maturities of long-term debt 0.0 349.8
Other current liabilities 202.9 149.1
Total current liabilities 898.9 888.0
Long-term debt 4,363.7 4,244.0
Other long-term liabilities 93.9 94.8
Deferred tax liability, net 137.5 108.6
Fair value of derivative liabilities 2.2 2.5
Members’ equity:    
Members’ equity (484,277,258 and 489,381,149 units issued and outstanding, respectively) 1,325.8 1,508.8
Accumulated other comprehensive loss (1.4) (15.3)
Non-controlling interest 1,662.6 1,719.5
Total members’ equity 2,987.0 3,213.0
Commitments and contingencies (Note 14)
Total liabilities and members’ equity $ 8,483.2 $ 8,550.9
[1] Includes related party accounts payable balances of $1.6 million and $1.0 million at December 31, 2021 and December 31, 2020, respectively.