Quarterly report [Sections 13 or 15(d)]

Non-Controlling Interest and Variable Interest Entities (Details)

v3.25.3
Non-Controlling Interest and Variable Interest Entities (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Noncontrolling Interest and Variable Interest Entity [Line Items]    
Cash and cash equivalents $ 1,075 [1] $ 2,638
Restricted cash and cash equivalents 323 [1] 552
Trade and other receivables, net of current expected credit losses 1,324 727
Inventory 458 501
Current derivative assets 89 155
Margin deposits 103 128
Other current assets, net 129 100
Total current assets 3,501 4,801
Property, plant and equipment, net of accumulated depreciation 35,345 33,552
Right-of-use assets—Operating 2,627 2,684
Derivative assets 2,565 1,903
Other non-current assets, net 1,047 899
Total assets 45,102 [1] 43,858
Accounts payable 279 171
Accrued liabilities 1,492 2,179
Current debt, net of unamortized discount and debt issuance costs 605 351
Deferred revenue 176 163
Current operating lease liabilities 539 592
Current derivative liabilities 556 902
Other current liabilities 92 83
Total current liabilities 3,739 4,441
Long-term debt, net of unamortized discount and debt issuance costs 21,957 22,554
Non-current operating lease liabilities 2,091 2,090
Derivative liabilities 1,464 1,865
Other non-current liabilities 1,315 992
Total liabilities $ 33,641 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 $ 121 270
Restricted cash and cash equivalents 61 125
Trade and other receivables, net of current expected credit losses 360 381
Inventory 152 154
Current derivative assets 15 84
Margin deposits 14 13
Other current assets, net 61 54
Total current assets 784 1,081
Property, plant and equipment, net of accumulated depreciation 15,532 15,880
Right-of-use assets—Operating 79 80
Derivative assets 14 98
Other non-current assets, net 282 206
Total assets 16,691 17,345
Accounts payable 73 70
Accrued liabilities 701 881
Current debt, net of unamortized discount and debt issuance costs 605 351
Deferred revenue 148 120
Current operating lease liabilities 5 4
Current derivative liabilities 139 250
Other current liabilities 8 16
Total current liabilities 1,679 1,692
Long-term debt, net of unamortized discount and debt issuance costs 14,156 14,761
Non-current operating lease liabilities 74 76
Derivative liabilities 1,069 1,213
Other non-current liabilities 163 176
Total liabilities $ 17,141 $ 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 September 30, 2025, total assets and liabilities of our VIEs were $16.7 billion and $17.1 billion, respectively, including $121 million of cash and cash equivalents and $61 million of restricted cash and cash equivalents.