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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 476 $ 207
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 473 374
(Gains)/losses on asset sales and asset impairments, net (46) 370
Deferred income tax expense 20 11
Gains on sales of linefill (30)  
(Gain)/loss on foreign currency revaluation 10 (15)
Change in fair value of Preferred Distribution Rate Reset Option (Note 8) 147 (9)
Equity earnings in unconsolidated entities (201) (121)
Distributions on earnings from unconsolidated entities 224 211
Other 27 27
Changes in assets and liabilities, net of acquisitions 32 (29)
Net cash provided by operating activities 1,132 1,026
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid in connection with acquisitions, net of cash acquired   (32)
Investments in unconsolidated entities (4) (71)
Additions to property, equipment and other (190) (182)
Cash paid for purchases of linefill (60) (23)
Proceeds from sales of assets 57 22
Cash received from sales of linefill 61 3
Other investing activities 13  
Net cash used in investing activities (123) (283)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net borrowings/(repayments) under commercial paper program (Note 6) 115 (159)
Net repayments under senior secured hedged inventory facility (Note 6)   (167)
Repayments of senior notes (750)  
Repurchase of common units (Note 7) (74) (53)
Distributions paid to noncontrolling interests (Note 7) (121) (6)
Other financing activities 13 (30)
Net cash used in financing activities (1,196) (774)
Effect of translation adjustment 1 2
Net decrease in cash and cash equivalents and restricted cash (186) (29)
Cash and cash equivalents and restricted cash, beginning of period 453 60
Cash and cash equivalents and restricted cash, end of period 267 31
Cash paid for:    
Interest, net of amounts capitalized 201 202
Income taxes, net of amounts refunded 39 27
Series A Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 7) (74) (74)
Series B Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 7) (25) (25)
Common Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions paid to unitholders (Note 7) $ (280) $ (260)