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Intangible Assets and Goodwill (Tables)
 12 Months Ended
Dec. 31, 2021
Intangible Assets and Goodwill [Abstract]  
Intangible Assets by Segment
The following table summarizes our intangible assets by business segment at the dates indicated:

 
  
December 31, 2021
    
December 31, 2020
  
 
  
Gross
Value
    
Accumulated
Amortization
    
Carrying
Value
    
Gross
Value
    
Accumulated
Amortization
    
Carrying
Value
  
NGL Pipelines & Services:
                                    
Customer relationship intangibles
  
$
447.8
    
$
(234.5
)
  
$
213.3
    
$
447.8
    
$
(221.3
)
  
$
226.5
  
Contract-based intangibles
    
166.0
      
(62.1
)
    
103.9
      
162.6
      
(55.0
)
    
107.6
  
Segment total
    
613.8
      
(296.6
)
    
317.2
      
610.4
      
(276.3
)
    
334.1
  
Crude Oil Pipelines & Services:
                                                
Customer relationship intangibles
    
2,195.0
      
(355.5
)
    
1,839.5
      
2,195.0
      
(291.6
)
    
1,903.4
  
Contract-based intangibles
    
283.1
      
(262.6
)
    
20.5
      
283.1
      
(249.9
)
    
33.2
  
Segment total
    
2,478.1
      
(618.1
)
    
1,860.0
      
2,478.1
      
(541.5
)
    
1,936.6
  
Natural Gas Pipelines & Services:
                                                
Customer relationship intangibles
    
1,350.3
      
(550.3
)
    
800.0
      
1,350.3
      
(512.2
)
    
838.1
  
Contract-based intangibles
    
231.1
      
(182.4
)
    
48.7
      
470.7
      
(403.8
)
    
66.9
  
Segment total
    
1,581.4
      
(732.7
)
    
848.7
      
1,821.0
      
(916.0
)
    
905.0
  
Petrochemical & Refined Products Services:
                                                
Customer relationship intangibles
    
181.4
      
(75.6
)
    
105.8
      
181.4
      
(68.3
)
    
113.1
  
Contract-based intangibles
    
44.9
      
(26.0
)
    
18.9
      
44.9
      
(24.6
)
    
20.3
  
Segment total
    
226.3
      
(101.6
)
    
124.7
      
226.3
      
(92.9
)
    
133.4
  
Total intangible assets
  
$
4,899.6
    
$
(1,749.0
)
  
$
3,150.6
    
$
5,135.8
    
$
(1,826.7
)
  
$
3,309.1
  
Amortization Expense of Intangible Assets by Segment
The following table presents the amortization expense of our intangible assets by business segment for the years indicated:

 
  
For the Year Ended December 31,
  
 
  
2021
    
2020
    
2019
  
NGL Pipelines & Services
  
$
24.3
    
$
25.2
    
$
31.9
  
Crude Oil Pipelines & Services
    
76.6
      
71.5
      
92.7
  
Natural Gas Pipelines & Services
    
43.1
      
38.8
      
41.4
  
Petrochemical & Refined Products Services
    
6.9
      
7.7
      
8.7
  
Total
  
$
150.9
    
$
143.2
    
$
174.7
  
Forecasted Amortization Expense
The following table presents our forecast of amortization expense associated with existing intangible assets for the years indicated:

2022
    
2023
    
2024
    
2025
    
2026
  
$
169.3
    
$
173.5
    
$
177.6
    
$
174.1
    
$
166.6
  
Significant Acquired Intangible Assets
At December 31, 2021, the carrying value of our portfolio of customer relationship intangible assets was $2.96 billion, the principal components of which were as follows:

 a
  
Weighted
Average
Remaining
Amortization
Period
  
 
 
December 31, 2021
Gross
Value
  
Accumulated
Amortization
  
Carrying
Value
Basin-specific customer relationships:
                      
   EFS Midstream (acquired 2015)
  
20.4 years
  
$
 1,409.8
  
$
(222.9)
  
$
1,186.9
   State Line and Fairplay (acquired 2010)
  
25.2 years
    
895.0
    
(251.1)
    
643.9
   San Juan Gathering (acquired 2004)
  
17.8 years
    
331.3
    
(253.2)
    
78.1
General customer relationships:
                      
   Oiltanking (acquired 2014)
  
22.0 years
    
1,192.5
    
(203.8)
    
988.7

At December 31, 2021, the carrying value of our portfolio of contract-based intangible assets was $192.0 million, the principal components of which were as follows:

a
  
Weighted
Average
Remaining
Amortization
Period
  
 
 
December 31, 2021
Gross
Value
  
Accumulated
Amortization
  
Carrying
Value
Oiltanking customer contracts
  
2.5 years
  
$
293.3
  
$
(275.2)
  
$
18.1
Jonah natural gas gathering agreements
  
20.0 years
    
224.4
    
(179.4)
    
45.0
Delaware Basin natural gas processing contracts
  
5.0 years
    
82.6
    
(32.3)
    
50.3
Schedule of Goodwill  The following table presents changes in the carrying amount of goodwill by business segment during the periods indicated:

 
  
NGL
Pipelines
& Services
    
Crude Oil
Pipelines
& Services
    
Natural Gas
Pipelines
& Services
    
Petrochemical
& Refined
Products
Services
    
Consolidated
Total
  
Balance at December 31, 2019
  
$
2,651.7
    
$
1,841.0
    
$
296.3
    
$
956.2
    
$
5,745.2
  
Impairment of goodwill
    
–
      
–
      
(296.3
)
    
–
      
(296.3
)
Balance at December 31, 2020
    
2,651.7
      
1,841.0
      
–
      
956.2
      
5,448.9
  
Balance at December 31, 2021
  
$
2,651.7
    
$
1,841.0
    
$
–
    
$
956.2
    
$
5,448.9