Quarterly report pursuant to Section 13 or 15(d)

Non-Controlling Interest and Variable Interest Entity

Non-Controlling Interest and Variable Interest Entity
3 Months Ended
Mar. 31, 2021
Noncontrolling Interest and Variable Interest Entity [Abstract]  
Non-Controlling Interest and Variable Interest Entity NON-CONTROLLING INTEREST AND VARIABLE INTEREST ENTITY
We own a 48.6% limited partner interest in Cheniere Partners in the form of 239.9 million common units, with the remaining non-controlling limited partner interest held by The Blackstone Group Inc., Brookfield Asset Management Inc. and the public. We also own 100% of the general partner interest and the incentive distribution rights in Cheniere Partners. Cheniere Partners is accounted for as a consolidated VIE. See Note 9—Non-Controlling Interest and Variable Interest Entity of our Notes to Consolidated Financial Statements in our annual report on Form 10-K for the fiscal year ended December 31, 2020 for further information.

The following table presents the summarized assets and liabilities (in millions) of Cheniere Partners, our consolidated VIE, which are included in our Consolidated Balance Sheets. The assets in the table below may only be used to settle obligations of Cheniere Partners. In addition, there is no recourse to us for the consolidated VIE’s liabilities. The assets and liabilities in the table below include third-party assets and liabilities of Cheniere Partners only and exclude intercompany balances that eliminate in consolidation.
March 31, December 31,
2021 2020
Current assets    
Cash and cash equivalents $ 1,219  $ 1,210 
Restricted cash 123  97 
Accounts and other receivables, net 373  318 
Other current assets 178  182 
Total current assets 1,893  1,807 
Property, plant and equipment, net 16,734  16,723 
Other non-current assets, net 299  287 
Total assets $ 18,926  18,817 
Current liabilities    
Accrued liabilities $ 704  658 
Current debt 850  — 
Other current liabilities 149  171 
Total current liabilities 1,703  829 
Long-term debt, net 16,732  17,580 
Other non-current liabilities 131  126 
Total liabilities $ 18,566  $ 18,535