2022 Q1 Form 10-K Financial Statement

#000127618722000020 Filed on February 18, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021
Revenue $20.49B $18.66B $67.42B
YoY Change 20.57% 85.94% 73.07%
Cost Of Revenue $16.14B $14.75B $50.40B
YoY Change 47.41% 120.11% 97.73%
Gross Profit $4.353B $3.903B $17.02B
YoY Change -28.01% 17.17% 26.4%
Gross Profit Margin 21.24% 20.92% 25.25%
Selling, General & Admin $230.0M $235.0M $818.0M
YoY Change 14.43% 50.64% 15.05%
% of Gross Profit 5.28% 6.02% 4.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.028B $980.0M $3.465B
YoY Change 7.76% 1.77% 5.8%
% of Gross Profit 23.62% 25.11% 20.36%
Operating Expenses $230.0M $2.204B $818.0M
YoY Change 14.43% 15.09% 15.05%
Operating Profit $1.846B $1.699B $8.792B
YoY Change -54.63% 26.89% 195.03%
Interest Expense $559.0M -$510.0M $2.267B
YoY Change -5.09% 18.6% -2.58%
% of Operating Profit 30.28% -30.02% 25.78%
Other Income/Expense, Net $21.00M $32.00M $77.00M
YoY Change -450.0% 433.33% 541.67%
Pretax Income $1.478B $1.181B $6.871B
YoY Change -60.23% 30.93% 1722.55%
Income Tax -$9.000M -$50.00M $184.0M
% Of Pretax Income -0.61% -4.23% 2.68%
Net Earnings $1.269B $921.0M $5.470B
YoY Change -61.41% 10.56% -944.14%
Net Earnings / Revenue 6.19% 4.94% 8.11%
Basic Earnings Per Share
Diluted Earnings Per Share $409.3K $326.1K $2.000M
COMMON SHARES
Basic Shares Outstanding 3.083B shares 2.706B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q1 2021 Q4 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.111B $336.0M $336.0M
YoY Change 212.96% -8.45% -8.45%
Cash & Equivalents $1.111B $336.0M $336.0M
Short-Term Investments
Other Short-Term Assets $783.0M $437.0M $447.0M
YoY Change 237.5% 105.16% 101.35%
Inventory $1.981B $2.014B $2.014B
Prepaid Expenses
Receivables $9.965B $7.654B $7.708B
Other Receivables $68.00M $32.00M $32.00M
Total Short-Term Assets $15.70B $10.54B $10.54B
YoY Change 100.75% 66.8% 66.8%
LONG-TERM ASSETS
Property, Plant & Equipment $80.04B $81.61B $82.45B
YoY Change 6.99% 8.65% 8.52%
Goodwill $2.533B $2.533B
YoY Change 5.94% 5.94%
Intangibles $5.608B $5.856B
YoY Change -0.87% 1.91%
Long-Term Investments $2.921B $2.947B $2.947B
YoY Change -2.92% -3.69% -3.69%
Other Assets $1.566B $1.645B $1.645B
YoY Change -6.79% -0.72% -0.72%
Total Long-Term Assets $93.49B $95.43B $95.43B
YoY Change 5.76% 7.43% 7.43%
TOTAL ASSETS
Total Short-Term Assets $15.70B $10.54B $10.54B
Total Long-Term Assets $93.49B $95.43B $95.43B
Total Assets $109.2B $106.0B $106.0B
YoY Change 13.48% 11.37% 11.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.653B $6.834B $6.834B
YoY Change 82.86% 143.29% 140.97%
Accrued Expenses $3.247B $3.117B $1.751B
YoY Change 12.7% 10.26% -3.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $652.0M $680.0M $681.0M
YoY Change 2734.78% 3138.1% 2995.45%
Total Short-Term Liabilities $13.72B $10.84B $10.84B
YoY Change 76.36% 82.93% 82.93%
LONG-TERM LIABILITIES
Long-Term Debt $48.83B $49.02B $49.02B
YoY Change 2.33% -4.66% -4.66%
Other Long-Term Liabilities $1.337B $1.323B $2.329B
YoY Change 11.6% 14.84% 4.67%
Total Long-Term Liabilities $50.16B $50.35B $51.35B
YoY Change 2.56% -4.23% -4.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.72B $10.84B $10.84B
Total Long-Term Liabilities $50.16B $50.35B $51.35B
Total Liabilities $63.88B $61.18B $74.66B
YoY Change 12.69% 4.6% -2.55%
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 $32.00B $31.30B $31.30B
YoY Change
Total Liabilities & Shareholders Equity $109.2B $106.0B $106.0B
YoY Change 13.48% 11.37% 11.37%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021
OPERATING ACTIVITIES
Net Income $1.269B $921.0M $5.470B
YoY Change -61.41% 10.56% -944.14%
Depreciation, Depletion And Amortization $1.028B $980.0M $3.465B
YoY Change 7.76% 1.77% 5.8%
Cash From Operating Activities $2.370B $1.739B $11.16B
YoY Change -54.03% -8.76% 51.64%
INVESTING ACTIVITIES
Capital Expenditures -$752.0M -$776.0M -$2.822B
YoY Change 7.74% -29.45% -44.99%
Acquisitions $589.0M $256.0M
YoY Change
Other Investing Activities -$519.0M -$92.00M -$1.000M
YoY Change -246.03% -133.33%
Cash From Investing Activities -$1.271B -$868.0M -$2.775B
YoY Change 100.16% -16.3% -43.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $31.00M
YoY Change
Debt Paid & Issued, Net $5.428B $27.32B
YoY Change -35.98% 13.2%
Cash From Financing Activities -$324.0M -848.0M -$8.418B
YoY Change -92.85% 9.14% 252.66%
NET CHANGE
Cash From Operating Activities $2.370B 1.739B $11.16B
Cash From Investing Activities -$1.271B -868.0M -$2.775B
Cash From Financing Activities -$324.0M -848.0M -$8.418B
Net Change In Cash $775.0M 23.00M -$31.00M
YoY Change -6558.33% -75.0% -140.79%
FREE CASH FLOW
Cash From Operating Activities $2.370B $1.739B $11.16B
Capital Expenditures -$752.0M -$776.0M -$2.822B
Free Cash Flow $3.122B $2.515B $13.98B
YoY Change -46.66% -16.33% 11.95%

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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%">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 preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the accrual for and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. </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 natural gas industry conducts its business by processing actual transactions at the end of the month following the month of delivery. Consequently, the most current month’s financial results for the midstream, NGL and intrastate transportation and storage operations are estimated using volume estimates and market prices. Any differences between estimated results and actual results are recognized in the following month’s financial statements. Management believes that the estimated operating results represent the actual results in all material respects. </span></div>Some of the other significant estimates made by management include, but are not limited to, the timing of certain forecasted transactions that are hedged, the fair value of derivative instruments, useful lives for depreciation and amortization, purchase accounting allocations and subsequent realizability of intangible assets, fair value measurements used in the goodwill impairment test, market value of inventory, assets and liabilities resulting from the regulated ratemaking process, contingency reserves and environmental reserves. Actual results could differ from those estimates.
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CY2019 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
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CY2021 us-gaap Stock Issued During Period Shares Acquisitions
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CY2021Q4 us-gaap Stock Repurchase Program Authorized Amount1
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CY2021 us-gaap Partners Capital Account Units Treasury
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4200000 shares
CY2020 us-gaap Partners Capital Account Units Treasury
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CY2021Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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CY2021 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
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CY2021Q4 et Common Units Remaining Availabletobe Issued Under Distribution Reinvestment Plan
CommonUnitsRemainingAvailabletobeIssuedUnderDistributionReinvestmentPlan
17000000 shares
CY2021Q4 et Incentive Distribution Rights
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CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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19000000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2021 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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7000000 USD
CY2021 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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5000000 USD
CY2020 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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CY2021Q4 et Aoci Attributable To Equity Method Investments
AociAttributableToEquityMethodInvestments
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CY2020Q4 et Aoci Attributable To Equity Method Investments
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CY2021Q4 us-gaap Aoci Including Portion Attributable To Noncontrolling Interest Tax
AociIncludingPortionAttributableToNoncontrollingInterestTax
26000000 USD
CY2020Q4 us-gaap Aoci Including Portion Attributable To Noncontrolling Interest Tax
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CY2021 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
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2000000 USD
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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23000000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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6000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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CY2020 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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6000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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8000000 USD
CY2021 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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1000000 USD
CY2020 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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3000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Tax
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6000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Tax
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10000000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
29400000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
11.26
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
11900000 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.46
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
6400000 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
15.10
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
1500000 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
11.23
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
36100000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
36100000 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P3Y4M24D
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
24000000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
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32000000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1000000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
43000000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
27000000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
246000000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
176000000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
41000000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
43000000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1000000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
141000000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
210000000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
217000000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
184000000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
237000000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
195000000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1054000000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
1211000000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
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CY2019 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
866000000 USD
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
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CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
16000000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
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CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
85000000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
12000000 USD
CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
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CY2020 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2019 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
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CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
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CY2021 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
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CY2020 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
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CY2019 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
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CY2021 us-gaap Income Tax Reconciliation Deductions Dividends
IncomeTaxReconciliationDeductionsDividends
4000000 USD
CY2020 us-gaap Income Tax Reconciliation Deductions Dividends
IncomeTaxReconciliationDeductionsDividends
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CY2019 us-gaap Income Tax Reconciliation Deductions Dividends
IncomeTaxReconciliationDeductionsDividends
3000000 USD
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
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CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
7000000 USD
CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
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CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
13000000 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2020 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
3000000 USD
CY2019 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
237000000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
195000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
803000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
1047000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
0 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
0 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
35000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
34000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
838000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1081000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
134000000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
90000000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
94000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
624000000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
11000000 USD
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
34000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
804000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
947000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
314000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
298000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
4042000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
3994000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
79000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
77000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
17000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
6000000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
4452000000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
4375000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
3648000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
3428000000 USD
CY2021Q4 us-gaap Tax Credit Carryforward Valuation Allowance
TaxCreditCarryforwardValuationAllowance
9000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
541000000 USD
CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
4000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
0 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
56000000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
90000000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
94000000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
56000000 USD
CY2021Q4 et Unrecognized Tax Benefits That Would Impact Effective Tax Rate After Tax
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRateAfterTax
51000000 USD
CY2021 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
7000000 USD
CY2021Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
17000000 USD
CY2021 et Right Of Way Expense
RightOfWayExpense
48000000 USD
CY2020 et Right Of Way Expense
RightOfWayExpense
47000000 USD
CY2019 et Right Of Way Expense
RightOfWayExpense
45000000 USD
CY2021Q4 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
550000000 USD
CY2021Q4 et Number Of Litigation Cases
NumberOfLitigationCases
5
CY2016Q3 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
410000000 USD
CY2020Q4 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
74800000 USD
CY2021 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
80700000 USD
CY2021Q4 et Site Contingency Numberof Sites Needing Remediation
SiteContingencyNumberofSitesNeedingRemediation
34
CY2021Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
46000000 USD
CY2020Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
44000000 USD
CY2021Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
247000000 USD
CY2020Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
262000000 USD
CY2021Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
293000000 USD
CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
306000000 USD
CY2021 us-gaap Payments For Environmental Liabilities
PaymentsForEnvironmentalLiabilities
28000000 USD
CY2020 us-gaap Payments For Environmental Liabilities
PaymentsForEnvironmentalLiabilities
29000000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
367000000 USD
CY2020 us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
788000000 USD
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-846000000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
309000000 USD
CY2021 us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
849000000 USD
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-699000000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
459000000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
38760000000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Year1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionYear1
2022
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Year1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionYear1
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Year1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionYear1
2023
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Year1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionYear1
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Year1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionYear1
2024
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
6189000000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
5594000000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
4775000000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
22198000000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
38756000000 USD
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
105000000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
106000000 USD
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1000000 USD
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1000000 USD
CY2021 et Lease Cost Gross
LeaseCostGross
156000000 USD
CY2020 et Lease Cost Gross
LeaseCostGross
157000000 USD
CY2021 us-gaap Lease Cost
LeaseCost
111000000 USD
CY2020 us-gaap Lease Cost
LeaseCost
109000000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P19Y
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P22Y
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P29Y
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P9Y
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.04
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.08
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
9000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
9000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
42000000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Year1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionYear1
2022
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CY2021Q4 et Lease Liabilities Due Year Two
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LeaseLiabilitiesDueYearFive
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LeaseLiabilitiesDueAfterFiveYears
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CY2021Q4 et Lease Liabilities Due
LeaseLiabilitiesDue
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CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2021Q4 et Lease Liabilities
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CY2021Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Year1
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CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
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2023
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
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CY2021Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Year1
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2024
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RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionYear1
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RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionYear1
2026
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CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
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CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
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CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
168000000 USD
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DerivativeFairValueOfDerivativeLiability
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CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
717000000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
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CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
168000000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
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CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
43000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
44000000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
43000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
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44000000 USD
CY2021Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
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150000000 USD
CY2020Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
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64000000 USD
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150000000 USD
CY2020Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
64000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
60000000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
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CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
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609000000 USD
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0 USD
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0 USD
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0 USD
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0.0714
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2022
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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377000000 USD
CY2021 us-gaap Cost Of Goods And Services Sold
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CY2020 us-gaap Cost Of Goods And Services Sold
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CY2019 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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CY2021 us-gaap Depreciation And Amortization
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3817000000 USD
CY2020 us-gaap Depreciation And Amortization
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3678000000 USD
CY2019 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3147000000 USD
CY2021 us-gaap Income Loss From Equity Method Investments
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246000000 USD
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
119000000 USD
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IncomeLossFromEquityMethodInvestments
302000000 USD
CY2021 et Segment Adjusted Ebitda
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13046000000 USD
CY2020 et Segment Adjusted Ebitda
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10531000000 USD
CY2019 et Segment Adjusted Ebitda
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11140000000 USD
CY2021 us-gaap Depreciation And Amortization
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3817000000 USD
CY2020 us-gaap Depreciation And Amortization
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3678000000 USD
CY2019 us-gaap Depreciation And Amortization
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3147000000 USD
CY2021 us-gaap Interest Expense
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CY2020 us-gaap Interest Expense
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CY2019 us-gaap Interest Expense
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CY2021 us-gaap Asset Impairment Charges
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21000000 USD
CY2020 us-gaap Asset Impairment Charges
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2880000000 USD
CY2019 us-gaap Asset Impairment Charges
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74000000 USD
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61000000 USD
CY2020 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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CY2019 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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CY2021 us-gaap Share Based Compensation
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162000000 USD
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82000000 USD
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523000000 USD
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628000000 USD
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AdjustedEBITDArelatedtounconsolidatedaffiliates
626000000 USD
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
246000000 USD
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IncomeLossFromEquityMethodInvestments
119000000 USD
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IncomeLossFromEquityMethodInvestments
302000000 USD
CY2021 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
CY2020 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
129000000 USD
CY2019 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
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CY2020 et Other
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CY2019 et Other
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54000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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5020000000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Profit Loss
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CY2020 us-gaap Profit Loss
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CY2020Q4 us-gaap Assets
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CY2019Q4 us-gaap Assets
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CY2021 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
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PropertyPlantAndEquipmentAdditions
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PropertyPlantAndEquipmentAdditions
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2947000000 USD
CY2020Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
3060000000 USD
CY2019Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
3460000000 USD

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