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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 267 $ 449
Trade accounts receivable and other receivables, net 5,581 4,705
Inventory 528 783
Other current assets 285 200
Total current assets 6,661 6,137
PROPERTY AND EQUIPMENT 19,329 19,257
Accumulated depreciation (4,656) (4,354)
Property and equipment, net 14,673 14,903
OTHER ASSETS    
Investments in unconsolidated entities 3,773 3,805
Intangible assets, net 1,839 1,960
Linefill 931 907
Long-term operating lease right-of-use assets, net 365 393
Long-term inventory 378 253
Other long-term assets, net 266 251
Total assets 28,886 28,609
CURRENT LIABILITIES    
Trade accounts payable 5,421 4,810
Short-term debt 630 822
Other current liabilities 823 600
Total current liabilities 6,874 6,232
LONG-TERM LIABILITIES    
Senior notes, net 7,933 8,329
Other long-term debt, net 53 69
Long-term operating lease liabilities 316 339
Other long-term liabilities and deferred credits 991 830
Total long-term liabilities 9,293 9,567
COMMITMENTS AND CONTINGENCIES (NOTE 10)
PARTNERS’ CAPITAL    
Total partners’ capital excluding noncontrolling interests 9,931 9,972
Noncontrolling interests 2,788 2,838
Total partners’ capital 12,719 12,810
Total liabilities and partners’ capital 28,886 28,609
Series A Preferred Units    
PARTNERS’ CAPITAL    
Partners' capital 1,505 1,505
Series B Preferred Units    
PARTNERS’ CAPITAL    
Partners' capital 787 787
Common Units    
PARTNERS’ CAPITAL    
Partners' capital $ 7,639 $ 7,680