Quarterly report [Sections 13 or 15(d)]

Non-Controlling Interest and Variable Interest Entities (Details)

v3.26.3
Non-Controlling Interest and Variable Interest Entities (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Dec. 31, 2025
Noncontrolling Interest and Variable Interest Entity [Line Items]    
Cash and cash equivalents $ 1,663 [1] $ 1,099
Restricted cash and cash equivalents 393 [1] 485
Trade and other receivables, net of current expected credit losses 1,421 1,380
Inventory 722 524
Current derivative assets 106 9
Margin deposits 194 76
Prepaid expenses 96 72
Other current assets, net 118 47
Total current assets 4,713 3,692
Property, plant and equipment, net of accumulated depreciation 37,469 35,755
Right-of-use assets—Operating 2,377 2,700
Deferred NPNS assets 2,178 0
Derivative assets 786 4,663
Other non-current assets, net 1,312 1,072
Total assets 48,835 [1] 47,882
Accounts payable 420 123
Accrued liabilities 2,069 2,081
Current debt, net of unamortized discount and debt issuance costs 1,349 306
Deferred revenue 158 150
Current operating lease liabilities 548 539
Current portion of deferred NPNS liabilities 166 0
Current derivative liabilities 402 618
Other current liabilities 124 99
Total current liabilities 5,236 3,916
Long-term debt, net of unamortized discount and debt issuance costs 22,582 22,507
Non-current operating lease liabilities 1,822 2,163
Deferred NPNS liabilities 1,699 0
Derivative liabilities 349 1,208
Other non-current liabilities 1,416 1,312
Total liabilities [1] $ 36,865 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 $ 569 182
Restricted cash and cash equivalents 35 22
Trade and other receivables, net of current expected credit losses 327 512
Inventory 165 186
Current derivative assets 3 0
Margin deposits 10 11
Prepaid expenses 50 42
Other current assets, net 3 13
Total current assets 1,162 968
Property, plant and equipment, net of accumulated depreciation 15,087 15,397
Right-of-use assets—Operating 73 77
Deferred NPNS assets 669 0
Derivative assets 1 541
Other non-current assets, net 400 287
Total assets 17,392 17,270
Accounts payable 97 58
Accrued liabilities 738 1,000
Current debt, net of unamortized discount and debt issuance costs 112 306
Deferred revenue 144 119
Current operating lease liabilities 5 5
Current portion of deferred NPNS liabilities 103 0
Current derivative liabilities 84 164
Other current liabilities 9 11
Total current liabilities 1,292 1,663
Long-term debt, net of unamortized discount and debt issuance costs 14,283 14,161
Non-current operating lease liabilities 71 73
Deferred NPNS liabilities 1,055 0
Derivative liabilities 42 900
Other non-current liabilities 144 159
Total liabilities $ 16,887 $ 16,956
[1] Amounts presented include balances held by our VIEs, all of which were related to CQP as of September 30, 2026, and substantially all of which were related to CQP as of December 31, 2025. As of September 30, 2026, total assets and liabilities of our VIEs were $17.4 billion and $16.9 billion, respectively, as further detailed in Note 6—Non-Controlling Interests and Variable Interest Entities, including $569 million of cash and cash equivalents and $35 million of restricted cash and cash equivalents.