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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 16.8 $ 28.7
Accounts receivable:    
Trade receivables [1] 57.5 85.9
Accrued revenue and other 483.5 581.4
Fair value of derivative assets 90.6 76.9
Other current assets 63.7 65.4
Total current assets 712.1 838.3
Property and equipment, net of accumulated depreciation of $5,261.6 and $5,137.2, respectively 6,360.4 6,407.0
Intangible assets, net of accumulated amortization of $1,083.0 and $1,051.2, respectively 761.8 793.6
Investment in unconsolidated affiliates 159.8 150.5
Fair value of derivative assets—long-term 21.5 27.0
Other assets, net 112.4 112.2
Total assets 8,128.0 8,328.6
Current liabilities:    
Accounts payable and drafts payable 113.0 126.5
Accrued natural gas, NGLs, condensate, and crude oil purchases 356.2 428.0
Fair value of derivative liabilities 98.0 62.7
Current maturities of long-term debt 97.9 97.9
Other current liabilities 247.9 278.5
Total current liabilities 913.0 993.6
Long-term debt, net of unamortized issuance cost 4,469.5 4,471.0
Other long-term liabilities 83.5 98.0
Deferred tax liability, net 101.1 104.2
Fair value of derivative liabilities 21.8 26.7
Members’ equity:    
Members’ equity (448,783,413 and 451,614,086 units issued and outstanding, respectively) 892.5 1,000.5
Accumulated other comprehensive income 3.7 0.7
Non-controlling interest 1,642.9 1,633.9
Total members’ equity 2,539.1 2,635.1
Commitments and contingencies (Note 15)
Total liabilities and members’ equity $ 8,128.0 $ 8,328.6
[1] There was no allowance for bad debt at March 31, 2024 and December 31, 2023.