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Non-Controlling Interest and Variable Interest Entity
 9 Months Ended
Sep. 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, 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.
September 30,December 31,
20222021
ASSETS 
Current assets  
Cash and cash equivalents$988 $876 
Restricted cash and cash equivalents195 98 
Trade and other receivables, net of current expected credit losses805 580 
Contract assets387 — 
Other current assets401 285 
Total current assets2,776 1,839 
Property, plant and equipment, net of accumulated depreciation16,827 16,830 
Other non-current assets, net300 316 
Total assets$19,903 $18,985 
LIABILITIES  
Current liabilities  
Accrued liabilities$1,665 $1,077 
Current debt, net of discount and debt issuance costs1,498 — 
Other current liabilities1,363 200 
Total current liabilities4,526 1,277 
Long-term debt, net of premium, discount and debt issuance costs15,699 17,177 
Other non-current liabilities4,081 100 
Total liabilities$24,306 $18,554