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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 278 $ 541
Funds deposited by counterparties 241 84
Restricted cash 15 24
Accounts receivable, net 3,325 3,542
Inventory 581 607
Derivative instruments 3,807 3,862
Cash collateral paid in support of energy risk management activities 309 441
Prepayments and other current assets 712 626
Total current assets 9,268 9,727
Property, plant and equipment, net 1,768 1,763
Other Assets    
Equity investments in affiliates 43 42
Operating lease right-of-use assets, net 179 179
Goodwill 5,076 5,079
Derivative instruments 2,399 2,293
Deferred income taxes 2,100 2,251
Other non-current assets 842 777
Total other assets 14,365 14,548
Total Assets 25,401 26,038
Current Liabilities    
Current portion of long-term debt and finance leases 1,101 620
Current portion of operating lease liabilities 94 90
Accounts payable 2,027 2,325
Derivative instruments 3,591 4,019
Cash collateral received in support of energy risk management activities 241 84
Deferred revenue current 710 720
Accrued expenses and other current liabilities 1,412 1,642
Total current liabilities 9,176 9,500
Other Liabilities    
Long-term debt and finance leases 9,559 10,133
Non-current operating lease liabilities 124 128
Derivative instruments 1,439 1,488
Deferred income taxes 8 22
Deferred revenue non-current 859 914
Other non-current liabilities 939 947
Total other liabilities 12,928 13,632
Total Liabilities 22,104 23,132
Commitments and Contingencies
Stockholders' Equity    
Preferred stock; 10,000,000 shares authorized; 650,000 Series A shares issued and outstanding at March 31, 2024 and December 31, 2023, aggregate liquidation preference of $650 at March 31, 2024 and December 31, 2023 650 650
Common stock; $0.01 par value; 500,000,000 shares authorized; 267,365,782 and 267,330,470 shares issued and 208,166,262 and 208,130,950 shares outstanding at March 31, 2024 and December 31, 2023, respectively 3 3
Additional paid-in-capital 3,503 3,416
Retained earnings 1,212 820
Treasury stock, at cost; 59,199,520 shares at March 31, 2024 and December 31, 2023 (1,971) (1,892)
Accumulated other comprehensive loss (100) (91)
Total Stockholders' Equity 3,297 2,906
Total Liabilities and Stockholders' Equity 25,401 26,038
Customer relationships, net    
Other Assets    
Intangible assets, net 2,064 2,164
Other intangible assets, net    
Other Assets    
Intangible assets, net $ 1,662 $ 1,763