Annual report [Section 13 and 15(d), not S-K Item 405]

Trade and Other Receivables, Net of Current Expected Credit Losses

v3.25.4
Trade and Other Receivables, Net of Current Expected Credit Losses
 12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
Trade and Other Receivables, Net of Current Expected Credit Losses TRADE AND OTHER RECEIVABLES, NET OF CURRENT EXPECTED CREDIT LOSSES
Trade and other receivables, net of current expected credit losses, consisted of the following (in millions):
December 31,
2025 2024
Trade receivables
SPL and CCL
 $ 755  $ 548 
Cheniere Marketing
 472  109 
       Other subsidiaries 10  4 
Total trade receivables 1,237  661 
Other receivables
SPL and CCL
 54  19 
Other subsidiaries 89  47 
Total other receivables 143  66 
Total trade and other receivables, net of current expected credit losses $ 1,380  $ 727 

Upon collection of our receivables by SPL and CCL, cash will be immediately restricted for the payment of liabilities related to the Liquefaction Projects. See Note 2—Summary of Significant Accounting Policies for further discussion of our Restricted Cash and Cash Equivalents.