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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 28.7 $ 22.6
Accounts receivable:    
Trade receivables [1] 85.9 89.2
Accrued revenue and other 581.4 636.0
Fair value of derivative assets 76.9 68.4
Other current assets 65.4 166.6
Total current assets 838.3 982.8
Property and equipment, net of accumulated depreciation of $5,137.2 and $4,774.5, respectively 6,407.0 6,556.0
Intangible assets, net of accumulated amortization of $1,051.2 and $923.6, respectively 793.6 921.2
Investment in unconsolidated affiliates 150.5 90.2
Fair value of derivative assets 27.0 2.9
Other assets, net 112.2 97.9
Total assets 8,328.6 8,651.0
Current liabilities:    
Accounts payable and drafts payable 126.5 126.9
Accrued natural gas, NGLs, condensate, and crude oil purchases 428.0 476.0
Fair value of derivative liabilities 62.7 42.9
Current maturities of long-term debt 97.9 0.0
Other current liabilities 278.5 229.6
Total current liabilities 993.6 875.4
Long-term debt, net of unamortized issuance cost 4,471.0 4,723.5
Other long-term liabilities 98.0 94.0
Deferred tax liability, net 104.2 42.7
Fair value of derivative liabilities 26.7 2.7
Members’ equity:    
Members’ equity (451,614,086 and 468,980,630 units issued and outstanding, respectively) 1,000.5 1,306.4
Accumulated other comprehensive income 0.7 0.0
Non-controlling interest 1,633.9 1,606.3
Total members’ equity 2,635.1 2,912.7
Commitments and contingencies (Note 15)
Total liabilities and members’ equity $ 8,328.6 $ 8,651.0
[1] There was no allowance for bad debt at December 31, 2023. Includes allowance for bad debt of $0.1 million at December 31, 2022.