XML 27 R13.htm IDEA: XBRL DOCUMENT v3.25.3
Non-Controlling Interest and Variable Interest Entities
 9 Months Ended
Sep. 30, 2025
Noncontrolling Interest and Variable Interest Entity [Abstract]  
Non-Controlling Interest and Variable Interest Entities NON-CONTROLLING INTERESTS AND VARIABLE INTEREST ENTITIES
Substantially all of our consolidated VIEs’ assets and liabilities relate to CQP. We own a 48.6% limited partner interest in CQP, and we also own all of the 2% general partner interest and 100% of the incentive distribution rights in CQP. The remaining 49.4% non-controlling limited partner interest in CQP is held by affiliates of Blackstone Inc. and Brookfield Asset Management, Inc. as well as the public.
The following table presents the summarized consolidated assets and liabilities (in millions) of our consolidated VIEs, which are included in our Consolidated Balance Sheets. The assets in the table below may only be used to settle obligations of the respective VIEs. In addition, there is no recourse to us for the consolidated VIEs’ liabilities. The assets and liabilities in the table below exclude intercompany balances between the respective VIEs and Cheniere that eliminate in our Consolidated Financial Statements.
September 30,December 31,
20252024
ASSETS 
Current assets  
Cash and cash equivalents$121 $270 
Restricted cash and cash equivalents61 125 
Trade and other receivables, net of current expected credit losses360 381 
Inventory152 154 
Current derivative assets15 84 
Margin deposits14 13 
Other current assets, net61 54 
Total current assets784 1,081 
Property, plant and equipment, net of accumulated depreciation15,532 15,880 
Operating lease assets79 80 
Derivative assets14 98 
Other non-current assets, net282 206 
Total assets$16,691 $17,345 
LIABILITIES  
Current liabilities  
Accounts payable$73 $70 
Accrued liabilities701 881 
Current debt, net of unamortized discount and debt issuance costs605 351 
Deferred revenue148 120 
Current operating lease liabilities5 4 
Current derivative liabilities139 250 
Other current liabilities8 16 
Total current liabilities1,679 1,692 
Long-term debt, net of unamortized discount and debt issuance costs14,156 14,761 
Operating lease liabilities74 76 
Derivative liabilities1,069 1,213 
Other non-current liabilities163 176 
Total liabilities$17,141 $17,918