Non-Controlling Interest and Variable Interest Entity

6 Months Ended

Jun. 30, 2022

Noncontrolling Interest and Variable Interest Entity [Abstract]

Non-Controlling Interest and Variable Interest Entity

NON-CONTROLLING INTEREST AND VARIABLE INTEREST ENTITY We own a 48.6% limited partner interest in CQP in the form of 239.9 million common units, with the remaining non-controlling limited partner interest held by Blackstone Inc., Brookfield Asset Management Inc. and the public. We also own 100% of the general partner interest and the incentive distribution rights in CQP. CQP is accounted for as a consolidated VIE.

The following table presents the summarized assets and liabilities (in millions) of CQP, our consolidated VIE, which are included in our Consolidated Balance Sheets. The assets in the table below may only be used to settle obligations of CQP. In addition, there is no recourse to us for the consolidated VIE’s liabilities. The assets and liabilities in the table below include third party assets and liabilities of CQP only and exclude intercompany balances between CQP and Cheniere that eliminate in the Consolidated Financial Statements of Cheniere.

	June 30,		December 31,
	2022		2021
ASSETS
Current assets
Cash and cash equivalents	$	1,111	$	876
Restricted cash and cash equivalents	78		98
Trade and other receivables, net of current expected credit losses	723		580
Other current assets	427		285
Total current assets	2,339		1,839
Property, plant and equipment, net of accumulated depreciation	16,861		16,830
Other non-current assets, net	309		316
Total assets	$	19,509	$	18,985
LIABILITIES
Current liabilities
Accrued liabilities	$	1,582	$	1,077
Current debt, net of discount and debt issuance costs	1,497		—
Other current liabilities	642		200
Total current liabilities	3,721		1,277
Long-term debt, net of premium, discount and debt issuance costs	15,693		17,177
Other non-current liabilities	3,263		100
Total liabilities	$	22,677	$	18,554