Non-Controlling Interest and Variable Interest Entity

9 Months Ended

Sep. 30, 2023

Noncontrolling Interest and Variable Interest Entity [Abstract]

Non-Controlling Interest and Variable Interest Entity

NON-CONTROLLING INTEREST AND VARIABLE INTEREST ENTITY CQP is accounted for as a consolidated VIE. 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.

The following table presents the summarized consolidated 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,
	2023		2022
ASSETS
Current assets
Cash and cash equivalents	$	499	$	904
Restricted cash and cash equivalents	35		92
Trade and other receivables, net of current expected credit losses	287		627
Other current assets	225		269
Total current assets	1,046		1,892
Property, plant and equipment, net of accumulated depreciation	16,341		16,725
Other non-current assets, net	377		288
Total assets	$	17,764	$	18,905
LIABILITIES
Current liabilities
Accrued liabilities	$	646	$	1,384
Current debt, net of discount and debt issuance costs	349		—
Current derivative liabilities	294		769
Other current liabilities	217		191
Total current liabilities	1,506		2,344
Long-term debt, net of premium, discount and debt issuance costs	15,600		16,198
Derivative liabilities	1,731		3,024
Other non-current liabilities	141		98
Total liabilities	$	18,978	$	21,664