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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 388 $ 633
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 175 250
Equity-indexed compensation expense 36 22
Inventory valuation adjustments   35
Deferred income tax expense 25 65
Settlement of terminated interest rate hedging instruments 14 (29)
Equity earnings in unconsolidated entities (171) (121)
Distributions on earnings from unconsolidated entities 206 136
Other 13 5
Changes in assets and liabilities, net of acquisitions 329 465
Net cash provided by operating activities 1,015 1,461
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid in connection with acquisitions, net of cash acquired   (1,281)
Investments in unconsolidated entities (216) (250)
Additions to property, equipment and other (724) (549)
Proceeds from sales of assets 426 389
Return of investment from unconsolidated entities 9 21
Other investing activities (1) 16
Net cash used in investing activities (506) (1,654)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net borrowings under commercial paper program (Note 9) 135 25
Net borrowings under senior unsecured revolving credit facility (Note 9) 126  
Net repayments under senior secured hedged inventory facility (Note 9) (333) (450)
Repayments of senior notes   (400)
Net proceeds from sales of common units   1,664
Other financing activities 60 123
Net cash provided by/(used in) financing activities (509) 192
Effect of translation adjustment on cash (3) 1
Net decrease in cash and cash equivalents (3)  
Cash and cash equivalents, beginning of period 37 47
Cash and cash equivalents, end of period 34 47
Cash paid for:    
Interest, net of amounts capitalized 203 252
Income taxes, net of amounts refunded 11 34
Series A Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 10) (37)  
Series B Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 10) (25)  
Common Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 10) $ (435) $ (770)