Quarterly report [Sections 13 or 15(d)]

Non-Controlling Interest and Variable Interest Entities (Details)

v3.25.2
Non-Controlling Interest and Variable Interest Entities (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Noncontrolling Interest and Variable Interest Entity [Line Items]    
Cash and cash equivalents $ 1,648 [1] $ 2,638
Restricted cash and cash equivalents 369 [1] 552
Trade and other receivables, net of current expected credit losses 761 727
Inventory 482 501
Current derivative assets 147 155
Margin deposits 150 128
Other current assets, net 147 100
Total current assets 3,704 4,801
Property, plant and equipment, net of accumulated depreciation 34,829 33,552
Right-of-use assets—Operating 2,776 2,684
Derivative assets 2,236 1,903
Other non-current assets, net 1,015 899
Total assets 44,578 [1] 43,858
Accounts payable 161 171
Accrued liabilities 1,492 2,179
Current debt, net of unamortized discount and debt issuance costs 609 351
Deferred revenue 145 163
Current operating lease liabilities 562 592
Current derivative liabilities 706 902
Other current liabilities 100 83
Total current liabilities 3,775 4,441
Long-term debt, net of unamortized discount and debt issuance costs 22,012 22,554
Non-current operating lease liabilities 2,216 2,090
Derivative liabilities 1,621 1,865
Other non-current liabilities 1,338 992
Liabilities $ 33,269 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 $ 108 270
Restricted cash and cash equivalents 40 125
Trade and other receivables, net of current expected credit losses 262 381
Inventory 158 154
Current derivative assets 28 84
Margin deposits 19 13
Other current assets, net 74 54
Total current assets 689 1,081
Property, plant and equipment, net of accumulated depreciation 15,665 15,880
Right-of-use assets—Operating 80 80
Derivative assets 103 98
Other non-current assets, net 208 206
Total assets 16,745 17,345
Accounts payable 74 70
Accrued liabilities 676 881
Current debt, net of unamortized discount and debt issuance costs 609 351
Deferred revenue 110 120
Current operating lease liabilities 5 4
Current derivative liabilities 143 250
Other current liabilities 7 16
Total current liabilities 1,624 1,692
Long-term debt, net of unamortized discount and debt issuance costs 14,213 14,761
Non-current operating lease liabilities 75 76
Derivative liabilities 1,136 1,213
Other non-current liabilities 167 176
Liabilities $ 17,215 $ 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 June 30, 2025, total assets and liabilities of our VIEs were $16.7 billion and $17.2 billion, respectively, including $108 million of cash and cash equivalents and $40 million of restricted cash and cash equivalents.