XML 42 R31.htm IDEA: XBRL DOCUMENT v3.22.1
Intangible Assets and Goodwill (Tables)
 3 Months Ended
Mar. 31, 2022
Intangible Assets and Goodwill [Abstract]  
Intangible Assets by Segment
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
  
Amortization Expense of Intangible Assets by Segment
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
  
Forecasted Amortization Expense
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
  
Schedule of Goodwill [Table Text Block] 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.