Quarterly report [Sections 13 or 15(d)]

Non-Controlling Interest and Variable Interest Entities (Details)

v3.26.1
Non-Controlling Interest and Variable Interest Entities (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Noncontrolling Interest and Variable Interest Entity [Line Items]    
Cash and cash equivalents $ 1,305 [1] $ 1,099
Restricted cash and cash equivalents 463 [1] 485
Trade and other receivables, net of current expected credit losses 1,209 1,380
Inventory 678 524
Current derivative assets 25 9
Margin deposits 289 76
Other current assets, net 190 119
Total current assets 4,159 3,692
Property, plant and equipment, net of accumulated depreciation 36,744 35,755
Right-of-use assets—Operating 2,657 2,700
Derivative assets 2,229 4,663
Other non-current assets, net 1,044 1,060
Total assets 46,845 [1] 47,882
Accounts payable 241 123
Accrued liabilities 2,047 2,081
Current debt, net of unamortized discount and debt issuance costs 1,606 306
Deferred revenue 111 150
Current operating lease liabilities 572 539
Current derivative liabilities 2,546 618
Other current liabilities 149 99
Total current liabilities 7,272 3,916
Long-term debt, net of unamortized discount and debt issuance costs 22,143 22,507
Non-current operating lease liabilities 2,086 2,163
Derivative liabilities 1,810 1,208
Other non-current liabilities 1,544 1,312
Total liabilities $ 38,173 34,804
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 $ 279 182
Restricted cash and cash equivalents 22 22
Trade and other receivables, net of current expected credit losses 281 512
Inventory 151 186
Current derivative assets 3 0
Margin deposits 17 11
Other current assets, net 44 55
Total current assets 797 968
Property, plant and equipment, net of accumulated depreciation 15,106 15,397
Right-of-use assets—Operating 75 77
Derivative assets 464 541
Other non-current assets, net 207 287
Total assets 16,649 17,270
Accounts payable 52 58
Accrued liabilities 732 1,000
Current debt, net of unamortized discount and debt issuance costs 1,606 306
Deferred revenue 93 119
Current operating lease liabilities 5 5
Current derivative liabilities 447 164
Other current liabilities 7 11
Total current liabilities 2,942 1,663
Long-term debt, net of unamortized discount and debt issuance costs 12,612 14,161
Non-current operating lease liabilities 72 73
Derivative liabilities 1,187 900
Other non-current liabilities 155 159
Total liabilities $ 16,968 $ 16,956
[1] Amounts presented include balances held by our VIEs, all of which were related to CQP as of March 31, 2026, and substantially all of which were related to CQP as of December 31, 2025. As of March 31, 2026, total assets and liabilities of our VIEs were $16.6 billion and $17.0 billion, respectively, as further detailed in Note 6—Non-Controlling Interests and Variable Interest Entities, including $279 million of cash and cash equivalents and $22 million of restricted cash and cash equivalents.