2021 Q3 Form 10-Q Financial Statement

#000127618721000067 Filed on August 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2020 Q2
Revenue $16.66B $15.10B $7.338B
YoY Change 67.39% 105.79% -47.12%
Cost Of Revenue $13.19B $11.51B $4.117B
YoY Change 106.84% 179.45% -60.03%
Gross Profit $3.476B $3.596B $3.221B
YoY Change -2.88% 11.64% -9.93%
Gross Profit Margin 20.86% 23.81% 43.89%
Selling, General & Admin $198.0M $184.0M $175.0M
YoY Change 12.5% 5.14% -2.23%
% of Gross Profit 5.7% 5.12% 5.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $943.0M $940.0M $936.0M
YoY Change 3.4% 0.43% 19.24%
% of Gross Profit 27.13% 26.14% 29.06%
Operating Expenses $198.0M $184.0M $175.0M
YoY Change 12.5% 5.14% -2.23%
Operating Profit $1.437B $1.597B $1.336B
YoY Change 488.93% 19.54% -26.55%
Interest Expense $558.0M $566.0M $579.0M
YoY Change -1.93% -2.25% 0.17%
% of Operating Profit 38.83% 35.44% 43.34%
Other Income/Expense, Net $33.00M $18.00M -$68.00M
YoY Change -53.52% -126.47% -247.83%
Pretax Income $984.0M $990.0M $771.0M
YoY Change -373.33% 28.4% -37.97%
Income Tax $77.00M $82.00M $99.00M
% Of Pretax Income 7.83% 8.28% 12.84%
Net Earnings $635.0M $626.0M $353.0M
YoY Change -196.95% 77.34% -59.84%
Net Earnings / Revenue 3.81% 4.15% 4.81%
Basic Earnings Per Share
Diluted Earnings Per Share $233.4K $230.3K $130.9K
COMMON SHARES
Basic Shares Outstanding 2.705B shares 2.703B shares 2.694B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q3 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $313.0M $282.0M $155.0M
YoY Change 13.82% 81.94% -65.17%
Cash & Equivalents $313.0M $282.0M $155.0M
Short-Term Investments
Other Short-Term Assets $326.0M $254.0M $231.0M
YoY Change 38.72% 9.96% -25.0%
Inventory $1.811B $1.664B $1.593B
Prepaid Expenses
Receivables $6.437B $5.821B $2.955B
Other Receivables $42.00M $35.00M $68.00M
Total Short-Term Assets $9.049B $8.208B $5.156B
YoY Change 47.14% 59.19% -28.37%
LONG-TERM ASSETS
Property, Plant & Equipment $74.27B $74.55B $74.94B
YoY Change -1.14% -0.52% 9.91%
Goodwill $2.395B $2.391B $3.868B
YoY Change -0.95% -38.19% -20.79%
Intangibles $5.474B $5.562B $6.007B
YoY Change -7.46% -7.41% 3.09%
Long-Term Investments $2.958B $3.025B $3.311B
YoY Change -3.59% -8.64% 16.67%
Other Assets $1.722B $1.664B $1.512B
YoY Change 8.85% 10.05% 47.37%
Total Long-Term Assets $87.65B $88.03B $90.75B
YoY Change -1.57% -2.99% 8.54%
TOTAL ASSETS
Total Short-Term Assets $9.049B $8.208B $5.156B
Total Long-Term Assets $87.65B $88.03B $90.75B
Total Assets $96.70B $96.24B $95.91B
YoY Change 1.58% 0.35% 5.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.707B $5.016B $2.137B
YoY Change 106.4% 134.72% -41.37%
Accrued Expenses $3.244B $2.850B $2.792B
YoY Change 9.34% 2.08% 1.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $678.0M $674.0M $34.00M
YoY Change 3128.57% 1882.35% 385.71%
Total Short-Term Liabilities $9.834B $8.547B $5.003B
YoY Change 62.63% 70.84% -22.18%
LONG-TERM LIABILITIES
Long-Term Debt $44.79B $45.61B $51.25B
YoY Change -12.89% -11.0% 10.22%
Other Long-Term Liabilities $1.270B $1.224B $1.218B
YoY Change 10.24% 0.49% 6.94%
Total Long-Term Liabilities $46.06B $46.84B $52.47B
YoY Change -12.39% -10.74% 10.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.834B $8.547B $5.003B
Total Long-Term Liabilities $46.06B $46.84B $52.47B
Total Liabilities $55.90B $55.38B $57.47B
YoY Change -4.65% -3.63% 6.3%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $27.41B $27.27B $19.79B
YoY Change
Total Liabilities & Shareholders Equity $96.70B $96.24B $95.91B
YoY Change 1.58% 0.35% 5.61%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $635.0M $626.0M $353.0M
YoY Change -196.95% 77.34% -59.84%
Depreciation, Depletion And Amortization $943.0M $940.0M $936.0M
YoY Change 3.4% 0.43% 19.24%
Cash From Operating Activities $2.263B $2.005B $1.307B
YoY Change -2.46% 53.4% -37.13%
INVESTING ACTIVITIES
Capital Expenditures -$617.0M -$731.0M -$1.271B
YoY Change -45.78% -42.49% -23.8%
Acquisitions
YoY Change
Other Investing Activities $39.00M $37.00M $65.00M
YoY Change -2.5% -43.08% -136.93%
Cash From Investing Activities -$578.0M -$694.0M -$1.206B
YoY Change -47.36% -42.45% -34.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.654B -1.384B -142.0M
YoY Change 50.09% 874.65% -55.49%
NET CHANGE
Cash From Operating Activities 2.263B 2.005B 1.307B
Cash From Investing Activities -578.0M -694.0M -1.206B
Cash From Financing Activities -1.654B -1.384B -142.0M
Net Change In Cash 31.00M -73.00M -41.00M
YoY Change -74.17% 78.05% -51.19%
FREE CASH FLOW
Cash From Operating Activities $2.263B $2.005B $1.307B
Capital Expenditures -$617.0M -$731.0M -$1.271B
Free Cash Flow $2.880B $2.736B $2.578B
YoY Change -16.71% 6.13% -31.2%

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IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
127000000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
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CY2020Q2 us-gaap Profit Loss
ProfitLoss
672000000 USD
us-gaap Profit Loss
ProfitLoss
4549000000 USD
us-gaap Profit Loss
ProfitLoss
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us-gaap Net Income Loss
NetIncomeLoss
3914000000 USD
us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q2 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
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CY2021Q2 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
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CY2020Q2 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
0 USD
CY2020Q2 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
0 USD
us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
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us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
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CY2021Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
86000000 USD
CY2020Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
86000000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
CY2021Q2 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
539000000 USD
CY2020Q2 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
353000000 USD
us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
3824000000 USD
us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
3824000000 USD
us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
-501000000 USD
us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
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CY2021Q2 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
0.20
CY2020Q2 us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
0.13
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
1.41
us-gaap Net Income Loss Per Outstanding Limited Partnership Unit Basic Net Of Tax
NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicNetOfTax
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CY2021Q2 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
0.20
CY2020Q2 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
0.13
us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
1.41
us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
-0.19
CY2021Q2 us-gaap Profit Loss
ProfitLoss
908000000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
908000000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
672000000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
672000000 USD
us-gaap Profit Loss
ProfitLoss
4549000000 USD
us-gaap Profit Loss
ProfitLoss
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CY2021Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
3000000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
9000000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
3000000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
0 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
0 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-8000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-5000000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-11000000 USD
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
12000000 USD
CY2020Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
30000000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
24000000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-34000000 USD
CY2021Q2 et Changeinothercomprehensiveincomefromequityinvestments
Changeinothercomprehensiveincomefromequityinvestments
9000000 USD
CY2020Q2 et Changeinothercomprehensiveincomefromequityinvestments
Changeinothercomprehensiveincomefromequityinvestments
0 USD
et Changeinothercomprehensiveincomefromequityinvestments
Changeinothercomprehensiveincomefromequityinvestments
0 USD
et Changeinothercomprehensiveincomefromequityinvestments
Changeinothercomprehensiveincomefromequityinvestments
-16000000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
24000000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
47000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
32000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-39000000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-331000000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
275000000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
315000000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
932000000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
719000000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
4581000000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
622000000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
156000000 USD
CY2021Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
13000000 USD
CY2020Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
13000000 USD
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
25000000 USD
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
25000000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
644000000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
391000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3934000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-512000000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
31388000000 USD
CY2021Q1 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
406000000 USD
CY2021Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
406000000 USD
CY2021Q1 us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
20000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
8000000 USD
CY2021Q1 us-gaap Partners Capital Other
PartnersCapitalOther
21000000 USD
CY2021Q1 et Net Income Loss Including Portion Attributableto Noncontrolling Interest Excluding Portion Attributableto Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingPortionAttributabletoRedeemableNoncontrollingInterest
3629000000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
34254000000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
CY2021Q2 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
492000000 USD
CY2021Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
354000000 USD
CY2021Q2 us-gaap Partners Capital Account Sale Of Units
PartnersCapitalAccountSaleOfUnits
889000000 USD
CY2021Q2 us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
43000000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
24000000 USD
CY2021Q2 us-gaap Partners Capital Other
PartnersCapitalOther
16000000 USD
CY2021Q2 et Net Income Loss Including Portion Attributableto Noncontrolling Interest Excluding Portion Attributableto Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingPortionAttributabletoRedeemableNoncontrollingInterest
895000000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
120000000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
35275000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
33938000000 USD
CY2020Q1 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
1592000000 USD
CY2020Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
444000000 USD
CY2020Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
1580000000 USD
CY2020Q1 us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
95000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-86000000 USD
CY2020Q1 us-gaap Partners Capital Other
PartnersCapitalOther
15000000 USD
CY2020Q1 et Net Income Loss Including Portion Attributableto Noncontrolling Interest Excluding Portion Attributableto Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingPortionAttributabletoRedeemableNoncontrollingInterest
-976000000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
32530000000 USD
CY2020Q2 us-gaap Partners Capital Account Distributions
PartnersCapitalAccountDistributions
-8000000 USD
CY2020Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
408000000 USD
CY2020Q2 us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
83000000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
47000000 USD
CY2020Q2 us-gaap Partners Capital Other
PartnersCapitalOther
-27000000 USD
CY2020Q2 et Net Income Loss Including Portion Attributableto Noncontrolling Interest Excluding Portion Attributableto Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingPortionAttributabletoRedeemableNoncontrollingInterest
659000000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
32892000000 USD
us-gaap Profit Loss
ProfitLoss
4549000000 USD
us-gaap Profit Loss
ProfitLoss
-292000000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1894000000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1803000000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-133000000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-125000000 USD
us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
-159000000 USD
us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
137000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
55000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
63000000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
11000000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1329000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-8000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-62000000 USD
et Distributions On Unvested Unit Awards
DistributionsOnUnvestedUnitAwards
13000000 USD
et Distributions On Unvested Unit Awards
DistributionsOnUnvestedUnitAwards
21000000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
78000000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
100000000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
125000000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-41000000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
53000000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-661000000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
41000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7160000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3159000000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1429000000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2892000000 USD
us-gaap Proceeds From Contribution In Aid Of Construction
ProceedsFromContributionInAidOfConstruction
16000000 USD
us-gaap Proceeds From Contribution In Aid Of Construction
ProceedsFromContributionInAidOfConstruction
47000000 USD
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
4000000 USD
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
16000000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
64000000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
97000000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
24000000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
6000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
5000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1329000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2763000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
8245000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
16975000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
13425000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
16769000000 USD
us-gaap Proceeds From Issuance Of Preferred Limited Partners Units
ProceedsFromIssuanceOfPreferredLimitedPartnersUnits
889000000 USD
us-gaap Proceeds From Issuance Of Preferred Limited Partners Units
ProceedsFromIssuanceOfPreferredLimitedPartnersUnits
0 USD
et Subsidiaryequityofferingsnetofissuecosts
Subsidiaryequityofferingsnetofissuecosts
0 USD
et Subsidiaryequityofferingsnetofissuecosts
Subsidiaryequityofferingsnetofissuecosts
1580000000 USD
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
63000000 USD
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
178000000 USD
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
898000000 USD
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
1584000000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
760000000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
852000000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
24000000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
24000000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3000000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
50000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
14000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5916000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-532000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-85000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-136000000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
367000000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
291000000 USD
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
282000000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
155000000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:9pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The unaudited consolidated financial statements have been prepared in conformity with GAAP, which requires the use of estimates and assumptions made by management that affect the reported amounts of assets, liabilities, revenues, expenses and the accrual for and disclosure of contingent assets and liabilities that exist at the date of the consolidated financial statements. Although these estimates are based on management’s available knowledge of current and expected future events, actual results could be different from those estimates.</span></div>
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1946000000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2084000000 USD
us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
40000000 USD
us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
-111000000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-234000000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
180000000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
48000000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-146000000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
12000000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
226000000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2207000000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2108000000 USD
us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-24000000 USD
us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-8000000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
326000000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-116000000 USD
us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
84000000 USD
us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
66000000 USD
us-gaap Increase Decrease In Risk Management Assets And Liabilities
IncreaseDecreaseInRiskManagementAssetsAndLiabilities
120000000 USD
us-gaap Increase Decrease In Risk Management Assets And Liabilities
IncreaseDecreaseInRiskManagementAssetsAndLiabilities
-190000000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-661000000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
41000000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
396000000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
742000000 USD
et Rightof Use Assets Obtainedin Exchangefor Liabilities
RightofUseAssetsObtainedinExchangeforLiabilities
10000000 USD
et Rightof Use Assets Obtainedin Exchangefor Liabilities
RightofUseAssetsObtainedinExchangeforLiabilities
125000000 USD
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
15000000 USD
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
62000000 USD
CY2021Q2 us-gaap Energy Related Inventory Natural Gas In Storage
EnergyRelatedInventoryNaturalGasInStorage
1034000000 USD
CY2020Q4 us-gaap Energy Related Inventory Natural Gas In Storage
EnergyRelatedInventoryNaturalGasInStorage
1013000000 USD
CY2021Q2 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
205000000 USD
CY2020Q4 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
287000000 USD
CY2021Q2 us-gaap Other Inventory Supplies
OtherInventorySupplies
425000000 USD
CY2020Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
439000000 USD
CY2021Q2 us-gaap Inventory Net
InventoryNet
1664000000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
1739000000 USD
us-gaap Inventory Write Down
InventoryWriteDown
159000000 USD
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
269000000 USD
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
269000000 USD
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CY2020Q4 us-gaap Long Term Debt
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CY2020Q2 us-gaap Profit Loss
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CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2021Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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CY2020Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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CY2020Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2021Q2 us-gaap Net Income Loss Allocated To General Partners
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CY2020Q2 us-gaap Net Income Loss Allocated To General Partners
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CY2020Q2 us-gaap Net Income Loss Allocated To General Partners
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us-gaap Preferred Stock Dividends Income Statement Impact
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CY2021Q2 us-gaap Net Income Loss Allocated To Limited Partners
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CY2020Q2 us-gaap Net Income Loss Allocated To Limited Partners
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CY2020Q2 us-gaap Weighted Average Limited Partnership Units Outstanding
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CY2020Q2 us-gaap Income Loss From Continuing Operations Per Outstanding Limited Partnership Unit Basic Net Of Tax
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us-gaap Income Loss From Continuing Operations Per Outstanding Limited Partnership Unit Basic Net Of Tax
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us-gaap Income Loss From Continuing Operations Per Outstanding Limited Partnership Unit Basic Net Of Tax
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CY2021Q2 us-gaap Net Income Loss Allocated To Limited Partners
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CY2020Q2 us-gaap Net Income Loss Allocated To Limited Partners
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CY2020Q2 us-gaap Dilutive Securities
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us-gaap Dilutive Securities
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CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2021Q2 us-gaap Weighted Average Limited Partnership Units Outstanding
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CY2020Q2 us-gaap Weighted Average Limited Partnership Units Outstanding
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us-gaap Weighted Average Limited Partnership Units Outstanding
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us-gaap Weighted Average Limited Partnership Units Outstanding
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CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2021Q2 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
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CY2020Q2 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
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us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
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us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
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2693300000 shares
CY2021Q2 us-gaap Income Loss From Continuing Operations Net Of Tax Per Outstanding Limited Partnership Unit Diluted
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CY2020Q2 us-gaap Income Loss From Continuing Operations Net Of Tax Per Outstanding Limited Partnership Unit Diluted
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0.13
us-gaap Income Loss From Continuing Operations Net Of Tax Per Outstanding Limited Partnership Unit Diluted
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1.41
us-gaap Income Loss From Continuing Operations Net Of Tax Per Outstanding Limited Partnership Unit Diluted
IncomeLossFromContinuingOperationsNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
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CY2021Q2 us-gaap Line Of Credit
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CY2021Q2 us-gaap Preferred Stock Redemption Price Per Share
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CY2020Q4 us-gaap Limited Partners Capital Account Units Outstanding
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CY2021Q2 us-gaap Limited Partners Capital Account Units Outstanding
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CY2021Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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CY2021Q2 et Common Units Remaining Availabletobe Issued Under Distribution Reinvestment Plan
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CY2020Q4 us-gaap Distribution Made To Limited Partner Distributions Paid Per Unit
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CY2021Q1 us-gaap Distribution Made To Limited Partner Distributions Paid Per Unit
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CY2021Q2 us-gaap Distribution Made To Limited Partner Distributions Paid Per Unit
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CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2020 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2020 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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CY2020Q4 et Aoci Attributable To Equity Method Investments
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CY2021Q2 us-gaap Aoci Including Portion Attributable To Noncontrolling Interest Tax
AociIncludingPortionAttributableToNoncontrollingInterestTax
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CY2020Q4 us-gaap Aoci Including Portion Attributable To Noncontrolling Interest Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
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CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2021Q1 et Contractual Rightof Way Expense
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CY2020Q1 et Contractual Rightof Way Expense
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CY2021Q2 us-gaap Loss Contingency Range Of Possible Loss Portion Not Accrued
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CY2021Q2 us-gaap Accrued Environmental Loss Contingencies Current
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CY2020Q4 us-gaap Accrued Environmental Loss Contingencies Current
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CY2021Q2 us-gaap Accrued Environmental Loss Contingencies Noncurrent
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CY2020Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
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CY2021Q2 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
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CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies
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us-gaap Payments For Environmental Liabilities
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us-gaap Payments For Environmental Liabilities
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CY2020Q4 us-gaap Contract With Customer Liability
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us-gaap Deferred Revenue Additions
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us-gaap Contract With Customer Liability Revenue Recognized
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CY2021Q2 us-gaap Contract With Customer Liability
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CY2019Q4 us-gaap Contract With Customer Liability
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us-gaap Deferred Revenue Additions
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us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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CY2020Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
39940000000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Year1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionYear1
2021
CY2021Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Year1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionYear1
2022
CY2021Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Year1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionYear1
2023
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
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CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
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CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
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CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
25630000000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
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us-gaap Concentration Risk Credit Risk
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<div style="margin-top:9pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Credit Risk</span></div><div style="margin-top:9pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Credit risk refers to the risk that a counterparty may default on its contractual obligations resulting in a loss to the Partnership. Credit policies have been approved and implemented to govern the Partnership’s portfolio of counterparties with the objective of mitigating credit losses. These policies establish guidelines, controls and limits to manage credit risk within approved tolerances by mandating an appropriate evaluation of the financial condition of existing and potential counterparties, monitoring agency credit ratings, and by implementing credit practices that limit exposure according to the risk profiles of the counterparties. Furthermore, the Partnership may, at times, require collateral under certain circumstances to mitigate credit risk as necessary. The Partnership also uses industry standard commercial agreements which allow for the netting of exposures associated with transactions executed under a single commercial agreement. Additionally, we utilize master netting agreements to offset credit exposure across multiple commercial agreements with a single counterparty or affiliated group of counterparties.</span></div><div style="margin-top:9pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Partnership’s counterparties consist of a diverse portfolio of customers across the energy industry, including petrochemical companies, commercial and industrial end-users, oil and gas producers, municipalities, gas and electric utilities, midstream companies and independent power generators. Our overall exposure may be affected positively or negatively by macroeconomic or regulatory changes that impact our counterparties to one extent or another. Currently, management does not anticipate a material adverse effect in our financial position or results of operations as a consequence of counterparty non-performance.</span></div><div style="margin-top:9pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Partnership has maintenance margin deposits with certain counterparties in the OTC market, primarily with independent system operators and with clearing brokers. Payments on margin deposits are required when the value of a derivative exceeds our pre-established credit limit with the counterparty. Margin deposits are returned to us on or about the settlement date for non-exchange traded derivatives, and we exchange margin calls on a daily basis for exchange traded transactions. Since the margin calls are made daily with the exchange brokers, the fair value of the financial derivative instruments are deemed current and netted in deposits paid to vendors within other current assets in the consolidated balance sheets. </span></div><div style="margin-top:9pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For financial instruments, failure of a counterparty to perform on a contract could result in our inability to realize amounts that have been recorded on our consolidated balance sheets and recognized in our statement of operations or statement of comprehensive income (loss).</span></div>
CY2021Q2 us-gaap Derivative Fair Value Of Derivative Asset
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CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
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CY2021Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
765000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
717000000 USD
CY2021Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
373000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
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CY2021Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
765000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
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CY2021Q2 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
151000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
44000000 USD
CY2021Q2 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
151000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
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CY2021Q2 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
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CY2020Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
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CY2021Q2 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
188000000 USD
CY2020Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
64000000 USD
CY2021Q2 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
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34000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
60000000 USD
CY2021Q2 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
426000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
609000000 USD
CY2021Q2 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
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CY2020Q2 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
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us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
71000000 USD
us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
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CY2021Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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CY2020Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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CY2021Q2 us-gaap Revenues
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CY2020Q2 us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
32096000000 USD
us-gaap Revenues
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18965000000 USD
CY2021Q2 et Segment Adjusted Ebitda
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CY2020Q2 et Segment Adjusted Ebitda
SegmentAdjustedEBITDA
2438000000 USD
et Segment Adjusted Ebitda
SegmentAdjustedEBITDA
7656000000 USD
et Segment Adjusted Ebitda
SegmentAdjustedEBITDA
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CY2020Q2 us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
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CY2021Q2 us-gaap Interest Expense
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CY2020Q2 us-gaap Interest Expense
InterestExpense
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us-gaap Interest Expense
InterestExpense
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us-gaap Interest Expense
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CY2021Q2 us-gaap Asset Impairment Charges
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CY2020Q2 us-gaap Asset Impairment Charges
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us-gaap Asset Impairment Charges
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us-gaap Asset Impairment Charges
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CY2021Q2 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
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CY2020Q2 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
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us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
71000000 USD
us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
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CY2021Q2 us-gaap Share Based Compensation
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CY2020Q2 us-gaap Share Based Compensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
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CY2021Q2 us-gaap Unrealized Gain Loss On Derivatives
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CY2020Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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us-gaap Unrealized Gain Loss On Derivatives
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us-gaap Unrealized Gain Loss On Derivatives
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CY2021Q2 us-gaap Inventory Lifo Reserve Period Charge
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CY2020Q2 us-gaap Inventory Lifo Reserve Period Charge
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us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
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us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
137000000 USD
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
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CY2020Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-62000000 USD
CY2021Q2 et Adjusted Ebitda Attributable To Unconsolidated Affiliates
AdjustedEbitdaAttributableToUnconsolidatedAffiliates
136000000 USD
CY2020Q2 et Adjusted Ebitda Attributable To Unconsolidated Affiliates
AdjustedEbitdaAttributableToUnconsolidatedAffiliates
157000000 USD
et Adjusted Ebitda Attributable To Unconsolidated Affiliates
AdjustedEbitdaAttributableToUnconsolidatedAffiliates
259000000 USD
et Adjusted Ebitda Attributable To Unconsolidated Affiliates
AdjustedEbitdaAttributableToUnconsolidatedAffiliates
311000000 USD
CY2021Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
65000000 USD
CY2020Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
85000000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
120000000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
78000000 USD
CY2021Q2 et Other Net
OtherNet
4000000 USD
CY2020Q2 et Other Net
OtherNet
-74000000 USD
et Other Net
OtherNet
-11000000 USD
et Other Net
OtherNet
-101000000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
990000000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
771000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4706000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-165000000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
82000000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
99000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
157000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
127000000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
908000000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
672000000 USD
us-gaap Profit Loss
ProfitLoss
4549000000 USD
us-gaap Profit Loss
ProfitLoss
-292000000 USD

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