XML 25 R13.htm IDEA: XBRL DOCUMENT
v3.21.2

Intangible Assets and Goodwill | 9 Months Ended
--- | ---
Sep. 30, 2021
Intangible Assets and Goodwill [Abstract] |
Intangible Assets and Goodwill | Note 6. Intangible Assets and Goodwill Identifiable Intangible Assets The following table summarizes our intangible assets by business segment at the dates indicated:
|  | September 30, 2021 |  |  | December 31, 2020 |
|  | Gross Value |  |  | Accumulated Amortization |  |  | Carrying Value |  |  | Gross Value |  |  | Accumulated Amortization |  |  | Carrying Value |
NGL Pipelines & Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationship intangibles |  | $ | 447.8 |  |  | $ | (231.3 | ) |  | $ | 216.5 |  |  | $ | 447.8 |  |  | $ | (221.3 | ) |  | $ | 226.5 |
Contract-based intangibles |  |  | 166.0 |  |  |  | (59.3 | ) |  |  | 106.7 |  |  |  | 162.6 |  |  |  | (55.0 | ) |  |  | 107.6 |
Segment total |  |  | 613.8 |  |  |  | (290.6 | ) |  |  | 323.2 |  |  |  | 610.4 |  |  |  | (276.3 | ) |  |  | 334.1 |
Crude Oil Pipelines & Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationship intangibles |  |  | 2,195.0 |  |  |  | (339.2 | ) |  |  | 1,855.8 |  |  |  | 2,195.0 |  |  |  | (291.6 | ) |  |  | 1,903.4 |
Contract-based intangibles |  |  | 283.1 |  |  |  | (259.5 | ) |  |  | 23.6 |  |  |  | 283.1 |  |  |  | (249.9 | ) |  |  | 33.2 |
Segment total |  |  | 2,478.1 |  |  |  | (598.7 | ) |  |  | 1,879.4 |  |  |  | 2,478.1 |  |  |  | (541.5 | ) |  |  | 1,936.6 |
Natural Gas Pipelines & Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationship intangibles |  |  | 1,350.3 |  |  |  | (541.1 | ) |  |  | 809.2 |  |  |  | 1,350.3 |  |  |  | (512.2 | ) |  |  | 838.1 |
Contract-based intangibles |  |  | 231.1 |  |  |  | (181.2 | ) |  |  | 49.9 |  |  |  | 470.7 |  |  |  | (403.8 | ) |  |  | 66.9 |
Segment total |  |  | 1,581.4 |  |  |  | (722.3 | ) |  |  | 859.1 |  |  |  | 1,821.0 |  |  |  | (916.0 | ) |  |  | 905.0 |
Petrochemical & Refined Products Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationship intangibles |  |  | 181.4 |  |  |  | (72.4 | ) |  |  | 109.0 |  |  |  | 181.4 |  |  |  | (68.3 | ) |  |  | 113.1 |
Contract-based intangibles |  |  | 44.9 |  |  |  | (25.6 | ) |  |  | 19.3 |  |  |  | 44.9 |  |  |  | (24.6 | ) |  |  | 20.3 |
Segment total |  |  | 226.3 |  |  |  | (98.0 | ) |  |  | 128.3 |  |  |  | 226.3 |  |  |  | (92.9 | ) |  |  | 133.4 |
Total intangible assets |  | $ | 4,899.6 |  |  | $ | (1,709.6 | ) |  | $ | 3,190.0 |  |  | $ | 5,135.8 |  |  | $ | (1,826.7 | ) |  | $ | 3,309.1 |
The following table presents the amortization expense of our intangible assets by business segment for the periods indicated:
|  | For the Three Months Ended September 30, |  |  | For the Nine Months Ended September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
NGL Pipelines & Services |  | $ | 6.2 |  |  | $ | 6.2 |  |  | $ | 18.3 |  |  | $ | 19.0 |
Crude Oil Pipelines & Services |  |  | 20.3 |  |  |  | 16.0 |  |  |  | 57.2 |  |  |  | 55.7 |
Natural Gas Pipelines & Services |  |  | 11.5 |  |  |  | 9.0 |  |  |  | 32.7 |  |  |  | 28.8 |
Petrochemical & Refined Products Services |  |  | 1.7 |  |  |  | 1.9 |  |  |  | 5.1 |  |  |  | 5.8 |
Total |  | $ | 39.7 |  |  | $ | 33.1 |  |  | $ | 113.3 |  |  | $ | 109.3 |
The following table presents our forecast of amortization expense associated with existing intangible assets for the periods indicated:
Remainder of 2021 |  |  | 2022 |  |  | 2023 |  |  | 2024 |  |  | 2025 |
$ | 37.4 |  |  | $ | 169.6 |  |  | $ | 173.8 |  |  | $ | 177.9 |  |  | $ | 174.4 |
Impairment of Intangible Asset In March 2021, we recognized an impairment charge of $6.8 million for the write down of contract-based intangible assets associated with the sale of a portion of our San Juan Gathering System (see Note 4). The contract-based intangible assets were classified within our Natural Gas Pipelines & Services business segment. Goodwill Goodwill represents the excess of the purchase price of an acquired business over the amounts assigned to assets acquired and liabilities assumed in the transaction. There has been no change in our goodwill amounts since those reported in our 2020 Form 10-K. We are closely monitoring the recoverability of our long-lived assets, which include goodwill, in light of the COVID-19 pandemic.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration