Quarterly report [Sections 13 or 15(d)]

Non-Controlling Interest and Variable Interest Entities (Details)

v3.25.1
Non-Controlling Interest and Variable Interest Entities (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Noncontrolling Interest and Variable Interest Entity [Line Items]    
Cash and cash equivalents $ 2,511 [1] $ 2,638
Restricted cash and cash equivalents 357 [1] 552
Trade and other receivables, net of current expected credit losses 1,019 727
Inventory 525 501
Current derivative assets 135 155
Margin deposits 87 128
Other current assets, net 93 100
Total current assets 4,727 4,801
Property, plant and equipment, net of accumulated depreciation 34,177 33,552
Right-of-use assets—Operating 2,724 2,684
Derivative assets 1,023 1,903
Other non-current assets, net 877 899
Total assets 43,546 [1] 43,858
Accounts payable 182 171
Accrued liabilities 2,206 2,179
Current debt, net of unamortized discount and debt issuance costs 104 351
Deferred revenue 117 163
Current operating lease liabilities 576 592
Current derivative liabilities 710 902
Other current liabilities 84 83
Total current liabilities 3,979 4,441
Long-term debt, net of unamortized discount and debt issuance costs 22,509 22,554
Non-current operating lease liabilities 2,153 2,090
Derivative liabilities 1,767 1,865
Other non-current liabilities 1,148 992
Liabilities $ 33,449 33,798
CQP [Member]    
Noncontrolling Interest and Variable Interest Entity [Line Items]    
Limited Partner ownership percentage 48.60%  
General Partner ownership percentage 2.00%  
Incentive Distribution Right Ownership Percentage 100.00%  
Blackstone Inc. and Brookfield Asset Management, Inc. and the public    
Noncontrolling Interest and Variable Interest Entity [Line Items]    
Limited Partner ownership percentage 49.40%  
Variable Interest Entities [Member]    
Noncontrolling Interest and Variable Interest Entity [Line Items]    
Cash and cash equivalents $ 94 270
Restricted cash and cash equivalents 80 125
Trade and other receivables, net of current expected credit losses 435 381
Inventory 169 154
Current derivative assets 25 84
Margin deposits 18 13
Other current assets, net 42 54
Total current assets 863 1,081
Property, plant and equipment, net of accumulated depreciation 15,758 15,880
Right-of-use assets—Operating 79 80
Derivative assets 29 98
Other non-current assets, net 207 206
Total assets 16,936 17,345
Accounts payable 71 70
Accrued liabilities 869 881
Current debt, net of unamortized discount and debt issuance costs 104 351
Deferred revenue 82 120
Current operating lease liabilities 4 4
Current derivative liabilities 154 250
Other current liabilities 7 16
Total current liabilities 1,291 1,692
Long-term debt, net of unamortized discount and debt issuance costs 14,714 14,761
Non-current operating lease liabilities 75 76
Derivative liabilities 1,177 1,213
Other non-current liabilities 172 176
Liabilities $ 17,429 $ 17,918
[1] Amounts presented include balances held by our consolidated variable interest entities (“VIEs”), substantially all of which are related to CQP, as further discussed in Note 6—Non-Controlling Interests and Variable Interest Entities. As of March 31, 2025, total assets and liabilities of our VIEs were $16.9 billion and $17.4 billion, respectively, including $94 million of cash and cash equivalents and $80 million of restricted cash and cash equivalents.