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
 6 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Noncontrolling Interest and Variable Interest Entity [Line Items]    
Cash and cash equivalents $ 1,099 [1] $ 1,099
Restricted cash and cash equivalents 420 [1] 485
Trade and other receivables, net of current expected credit losses 1,335 1,380
Inventory 723 524
Current derivative assets 156 9
Margin deposits 126 76
Prepaid expenses 117 72
Other current assets, net 136 47
Total current assets 4,112 3,692
Property, plant and equipment, net of accumulated depreciation 37,154 35,755
Right-of-use assets—Operating 2,516 2,700
Deferred NPNS assets 2,195 0
Derivative assets 735 4,663
Other non-current assets, net 1,260 1,072
Total assets 47,972 [1] 47,882
Accounts payable 293 123
Accrued liabilities 1,676 2,081
Current debt, net of unamortized discount and debt issuance costs 1,411 306
Deferred revenue 116 150
Current operating lease liabilities 562 539
Current portion of deferred NPNS liabilities 166 0
Current derivative liabilities 377 618
Other current liabilities 122 99
Total current liabilities 4,723 3,916
Long-term debt, net of unamortized discount and debt issuance costs 22,632 22,507
Non-current operating lease liabilities 1,951 2,163
Deferred NPNS liabilities 1,740 0
Derivative liabilities 301 1,208
Other non-current liabilities 1,506 1,312
Total liabilities $ 36,482 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 $ 443 182
Restricted cash and cash equivalents 23 22
Trade and other receivables, net of current expected credit losses 349 512
Inventory 165 186
Current derivative assets 3 0
Margin deposits 10 11
Prepaid expenses 62 42
Other current assets, net 3 13
Total current assets 1,058 968
Property, plant and equipment, net of accumulated depreciation 15,034 15,397
Right-of-use assets—Operating 74 77
Deferred NPNS assets 669 0
Derivative assets 5 541
Other non-current assets, net 374 287
Total assets 17,214 17,270
Accounts payable 82 58
Accrued liabilities 693 1,000
Current debt, net of unamortized discount and debt issuance costs 109 306
Deferred revenue 102 119
Current operating lease liabilities 5 5
Current portion of deferred NPNS liabilities 103 0
Current derivative liabilities 93 164
Other current liabilities 9 11
Total current liabilities 1,196 1,663
Long-term debt, net of unamortized discount and debt issuance costs 14,335 14,161
Non-current operating lease liabilities 71 73
Deferred NPNS liabilities 1,081 0
Derivative liabilities 27 900
Other non-current liabilities 149 159
Total liabilities $ 16,859 $ 16,956
[1] Amounts presented include balances held by our VIEs, all of which were related to CQP as of June 30, 2026, and substantially all of which were related to CQP as of December 31, 2025. As of June 30, 2026, total assets and liabilities of our VIEs were $17.2 billion and $16.9 billion, respectively, as further detailed in Note 6—Non-Controlling Interests and Variable Interest Entities, including $443 million of cash and cash equivalents and $23 million of restricted cash and cash equivalents.