XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.22.1

Intangible Assets and Goodwill | 3 Months Ended
--- | ---
Mar. 31, 2022
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:
|  | March 31, 2022 |  |  | December 31, 2021 |
|  | Gross Value |  |  | Accumulated Amortization |  |  | Carrying Value |  |  | Gross Value |  |  | Accumulated Amortization |  |  | Carrying Value |
NGL Pipelines & Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationship intangibles |  | $ | 449 |  |  | $ | (238 | ) |  | $ | 211 |  |  | $ | 449 |  |  | $ | (236 | ) |  | $ | 213 |
Contract-based intangibles |  |  | 749 |  |  |  | (67 | ) |  |  | 682 |  |  |  | 165 |  |  |  | (61 | ) |  |  | 104 |
Segment total |  |  | 1,198 |  |  |  | (305 | ) |  |  | 893 |  |  |  | 614 |  |  |  | (297 | ) |  |  | 317 |
Crude Oil Pipelines & Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationship intangibles |  |  | 2,195 |  |  |  | (373 | ) |  |  | 1,822 |  |  |  | 2,195 |  |  |  | (355 | ) |  |  | 1,840 |
Contract-based intangibles |  |  | 283 |  |  |  | (265 | ) |  |  | 18 |  |  |  | 283 |  |  |  | (263 | ) |  |  | 20 |
Segment total |  |  | 2,478 |  |  |  | (638 | ) |  |  | 1,840 |  |  |  | 2,478 |  |  |  | (618 | ) |  |  | 1,860 |
Natural Gas Pipelines & Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationship intangibles |  |  | 1,350 |  |  |  | (559 | ) |  |  | 791 |  |  |  | 1,350 |  |  |  | (550 | ) |  |  | 800 |
Contract-based intangibles |  |  | 639 |  |  |  | (185 | ) |  |  | 454 |  |  |  | 232 |  |  |  | (183 | ) |  |  | 49 |
Segment total |  |  | 1,989 |  |  |  | (744 | ) |  |  | 1,245 |  |  |  | 1,582 |  |  |  | (733 | ) |  |  | 849 |
Petrochemical & Refined Products Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationship intangibles |  |  | 181 |  |  |  | (77 | ) |  |  | 104 |  |  |  | 181 |  |  |  | (75 | ) |  |  | 106 |
Contract-based intangibles |  |  | 45 |  |  |  | (26 | ) |  |  | 19 |  |  |  | 45 |  |  |  | (26 | ) |  |  | 19 |
Segment total |  |  | 226 |  |  |  | (103 | ) |  |  | 123 |  |  |  | 226 |  |  |  | (101 | ) |  |  | 125 |
Total intangible assets |  | $ | 5,891 |  |  | $ | (1,790 | ) |  | $ | 4,101 |  |  | $ | 4,900 |  |  | $ | (1,749 | ) |  | $ | 3,151 |
The following table presents the amortization expense of our intangible assets by business segment for the periods indicated:
|  | For the Three Months Ended March 31, |
|  | 2022 |  |  | 2021 |
NGL Pipelines & Services |  | $ | 8 |  |  | $ | 6 |
Crude Oil Pipelines & Services |  |  | 20 |  |  |  | 18 |
Natural Gas Pipelines & Services |  |  | 11 |  |  |  | 10 |
Petrochemical & Refined Products Services |  |  | 2 |  |  |  | 2 |
Total |  | $ | 41 |  |  | $ | 36 |
The following table presents our forecast of amortization expense associated with existing intangible assets for the periods indicated:
Remainder of 2022 |  |  | 2023 |  |  | 2024 |  |  | 2025 |  |  | 2026 |
$ | 148 |  |  | $ | 204 |  |  | $ | 212 |  |  | $ | 211 |  |  | $ | 206 |
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. The following table presents changes in the carrying amount of goodwill for the period presented:
|  | NGL Pipelines & Services |  |  | Crude Oil Pipelines & Services |  |  | Natural Gas Pipelines & Services |  |  | Petrochemical & Refined Products Services |  |  | Consolidated Total |
Balance at December 31, 2021 |  | $ | 2,652 |  |  | $ | 1,841 |  |  | $ | – |  |  | $ | 956 |  |  | $ | 5,449 |
Goodwill related to acquisition (1) |  |  | 159 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 159 |
Balance at March 31, 2022 |  | $ | 2,811 |  |  | $ | 1,841 |  |  | $ | – |  |  | $ | 956 |  |  | $ | 5,608 |
(1) | This amount represents the goodwill recognized in connection with our acquisition of Navitas Midstream in February 2022. See Note 12 for additional information regarding this acquisition.

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