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UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Third parties $ 10,638 $ 16,041 $ 23,069 $ 29,033
Related parties 13 19 26 35
Total revenues 10,651 16,060 23,095 29,068
Operating costs and expenses:        
Third party and other costs 8,805 14,004 19,237 25,086
Related parties 332 337 657 652
Total operating costs and expenses 9,137 14,341 19,894 25,738
General and administrative costs:        
Third party and other costs 18 24 41 49
Related parties 38 38 72 75
Total general and administrative costs 56 62 113 124
Total costs and expenses 9,193 14,403 20,007 25,862
Equity in income of unconsolidated affiliates 121 107 225 224
Operating income 1,579 1,764 3,313 3,430
Other income (expense):        
Interest expense (302) (309) (616) (628)
Interest income 5 2 17 3
Other, net 14 0 14 2
Total other expense, net (283) (307) (585) (623)
Income before income taxes 1,296 1,457 2,728 2,807
Provision for income taxes (13) (17) (23) (36)
Net income 1,283 1,440 2,705 2,771
Net income attributable to noncontrolling interests (29) (28) (60) (62)
Net income attributable to preferred units (1) (1) (2) (2)
Net income attributable to common unitholders $ 1,253 $ 1,411 $ 2,643 $ 2,707
Earnings per unit:        
Basic earnings per common unit (in dollars per unit) $ 0.57 $ 0.64 $ 1.21 $ 1.23
Diluted earnings per common unit (in dollars per unit) $ 0.57 $ 0.64 $ 1.2 $ 1.23