CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 320	$ 290
Accounts receivable – third parties, net	20	12
Accounts receivable – related parties	21	29
Allowance oil	9	12
Prepaid expenses	24	16
Total current assets	394	359
Equity method investments	1,013	926
Property, plant and equipment, net	699	726
Operating lease right-of-use assets	4	4
Other investments	2	2
Contract assets – related parties	233	0
Other assets	2	2
Total assets	2,347	2,019
Current liabilities
Accounts payable – third parties	5	5
Accounts payable – related parties	16	10
Deferred revenue – third parties	4	0
Deferred revenue – related parties	19	0
Accrued liabilities – third parties	10	12
Accrued liabilities – related parties	28	19
Total current liabilities	82	46
Noncurrent liabilities
Debt payable – related party	2,692	2,692
Operating lease liabilities	4	4
Finance lease liabilities	24	24
Deferred revenue and other unearned income	3	2
Total noncurrent liabilities	2,723	2,722
Total liabilities	2,805	2,768
Commitments and Contingencies (Note 15)
(DEFICIT) EQUITY
Preferred unitholders (50,782,904 and 0 units issued and outstanding as of December 31, 2020 and December 31, 2019)	(1,059)	0
Financing receivables – related parties	(298)	0
Accumulated other comprehensive loss	(9)	(8)
Total partners’ deficit	(481)	(775)
Noncontrolling interests	23	26
Total deficit	(458)	(749)
Total liabilities and deficit	2,347	2,019
Shell Pipeline Company L P
(DEFICIT) EQUITY
General partner – SPLC (0 and 4,761,012 units issued and outstanding as of December 31, 2020 and December 31, 2019)	0	(4,014)
Common Units
(DEFICIT) EQUITY
Common unitholders	3,382	3,450
Common Units | Shell Pipeline Company L P
(DEFICIT) EQUITY
Common unitholders	$ (2,497)	$ (203)