Quarterly report pursuant to Section 13 or 15(d)

Non-Controlling Interest and Variable Interest Entity (Details)

v3.24.3
Non-Controlling Interest and Variable Interest Entity (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Noncontrolling Interest and Variable Interest Entity [Line Items]    
Cash and cash equivalents $ 2,663 [1] $ 4,066
Restricted cash and cash equivalents 413 [1] 459
Trade and other receivables, net of current expected credit losses 680 1,106
Inventory 394 445
Current derivative assets 94 141
Margin deposits 102 18
Other current assets, net 109 96
Total current assets 4,455 6,331
Property, plant and equipment, net of accumulated depreciation 33,219 32,456
Operating lease assets 2,859 2,641
Derivative assets 1,661 863
Other non-current assets, net 855 759
Total assets 43,075 [1] 43,076
Accounts payable 137 181
Accrued liabilities 1,654 1,780
Current debt, net of unamortized discount and debt issuance costs 700 300
Deferred revenue 189 179
Current operating lease liabilities 621 655
Current derivative liabilities 801 750
Other current liabilities 54 43
Total current liabilities 4,156 3,888
Long-term debt, net of unamortized discount and debt issuance costs 22,546 23,397
Operating lease liabilities 2,234 1,971
Finance lease liabilities 495 467
Derivative liabilities 2,217 2,378
Other non-current liabilities 448 410
Liabilities $ 33,722 34,056
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 $ 331 575
Restricted cash and cash equivalents 103 56
Trade and other receivables, net of current expected credit losses 240 373
Inventory 138 142
Current derivative assets 50 30
Margin deposits 12 0
Other current assets, net 58 43
Total current assets 932 1,219
Property, plant and equipment, net of accumulated depreciation 15,971 16,212
Operating lease assets 80 81
Derivative assets 64 40
Other non-current assets, net 188 188
Total assets 17,235 17,740
Accounts payable 52 69
Accrued liabilities 577 811
Current debt, net of unamortized discount and debt issuance costs 700 300
Deferred revenue 136 114
Current operating lease liabilities 3 10
Current derivative liabilities 222 196
Other current liabilities 5 8
Total current liabilities 1,695 1,508
Long-term debt, net of unamortized discount and debt issuance costs 14,756 15,606
Operating lease liabilities 77 71
Finance lease liabilities 69 14
Derivative liabilities 1,256 1,531
Other non-current liabilities 101 75
Liabilities $ 17,954 $ 18,805
[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, 2024, total assets and liabilities of our VIEs were $17.2 billion and $18.0 billion, respectively, including $331 million of cash and cash equivalents and $103 million of restricted cash and cash equivalents.