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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 376 $ 541
Funds deposited by counterparties 688 84
Restricted cash 16 24
Accounts receivable, net 3,402 3,542
Inventory 623 607
Derivative instruments 3,520 3,862
Cash collateral paid in support of energy risk management activities 384 441
Prepayments and other current assets 797 626
Total current assets 9,806 9,727
Property, plant and equipment, net 1,790 1,763
Other Assets    
Equity investments in affiliates 45 42
Operating lease right-of-use assets, net 201 179
Goodwill 5,060 5,079
Derivative instruments 2,625 2,293
Deferred income taxes 1,841 2,251
Other non-current assets 981 777
Total other assets 14,166 14,548
Total Assets 25,762 26,038
Current Liabilities    
Current portion of long-term debt and finance leases 262 620
Current portion of operating lease liabilities 91 90
Accounts payable 2,109 2,325
Derivative instruments 2,664 4,019
Cash collateral received in support of energy risk management activities 688 84
Deferred revenue current 779 720
Accrued expenses and other current liabilities 1,709 1,642
Total current liabilities 8,302 9,500
Other Liabilities    
Long-term debt and finance leases 10,425 10,133
Non-current operating lease liabilities 144 128
Derivative instruments 1,435 1,488
Deferred income taxes 8 22
Deferred revenue non-current 906 914
Other non-current liabilities 919 947
Total other liabilities 13,837 13,632
Total Liabilities 22,139 23,132
Commitments and Contingencies
Stockholders' Equity    
Preferred stock; 10,000,000 shares authorized; 650,000 Series A shares issued and outstanding at June 30, 2024 and December 31, 2023, aggregate liquidation preference of $650 at June 30, 2024 and December 31, 2023 650 650
Common stock; $0.01 par value; 500,000,000 shares authorized; 266,552,386 and 267,330,470 shares issued and 207,498,428 and 208,130,950 shares outstanding at June 30, 2024 and December 31, 2023, respectively 3 3
Additional paid-in-capital 3,229 3,416
Retained earnings 1,863 820
Treasury stock, at cost; 59,053,958 shares and 59,199,520 shares at June 30, 2024 and December 31, 2023, respectively (2,019) (1,892)
Accumulated other comprehensive loss (103) (91)
Total Stockholders' Equity 3,623 2,906
Total Liabilities and Stockholders' Equity 25,762 26,038
Customer relationships, net    
Other Assets    
Intangible assets, net 1,946 2,164
Other intangible assets, net    
Other Assets    
Intangible assets, net $ 1,467 $ 1,763