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Intangible Assets and Goodwill (Tables) | 12 Months Ended
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Dec. 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:
|  | December 31, 2022 |  |  | December 31, 2021 |
|  | Gross Value |  |  | Accumulated Amortization |  |  | Carrying Value |  |  | Gross Value |  |  | Accumulated Amortization |  |  | Carrying Value |
NGL Pipelines & Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationship intangibles |  | $ | 449 |  |  | $ | (249 | ) |  | $ | 200 |  |  | $ | 449 |  |  | $ | (236 | ) |  | $ | 213 |
Contract-based intangibles |  |  | 749 |  |  |  | (84 | ) |  |  | 665 |  |  |  | 165 |  |  |  | (61 | ) |  |  | 104 |
Segment total |  |  | 1,198 |  |  |  | (333 | ) |  |  | 865 |  |  |  | 614 |  |  |  | (297 | ) |  |  | 317 |
Crude Oil Pipelines & Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationship intangibles |  |  | 2,195 |  |  |  | (431 | ) |  |  | 1,764 |  |  |  | 2,195 |  |  |  | (355 | ) |  |  | 1,840 |
Contract-based intangibles |  |  | 283 |  |  |  | (271 | ) |  |  | 12 |  |  |  | 283 |  |  |  | (263 | ) |  |  | 20 |
Segment total |  |  | 2,478 |  |  |  | (702 | ) |  |  | 1,776 |  |  |  | 2,478 |  |  |  | (618 | ) |  |  | 1,860 |
Natural Gas Pipelines & Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationship intangibles |  |  | 1,350 |  |  |  | (588 | ) |  |  | 762 |  |  |  | 1,350 |  |  |  | (550 | ) |  |  | 800 |
Contract-based intangibles |  |  | 639 |  |  |  | (195 | ) |  |  | 444 |  |  |  | 232 |  |  |  | (183 | ) |  |  | 49 |
Segment total |  |  | 1,989 |  |  |  | (783 | ) |  |  | 1,206 |  |  |  | 1,582 |  |  |  | (733 | ) |  |  | 849 |
Petrochemical & Refined Products Services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationship intangibles |  |  | 181 |  |  |  | (80 | ) |  |  | 101 |  |  |  | 181 |  |  |  | (75 | ) |  |  | 106 |
Contract-based intangibles |  |  | 45 |  |  |  | (28 | ) |  |  | 17 |  |  |  | 45 |  |  |  | (26 | ) |  |  | 19 |
Segment total |  |  | 226 |  |  |  | (108 | ) |  |  | 118 |  |  |  | 226 |  |  |  | (101 | ) |  |  | 125 |
Total intangible assets |  | $ | 5,891 |  |  | $ | (1,926 | ) |  | $ | 3,965 |  |  | $ | 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 years indicated:
|  | For the Year Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
NGL Pipelines & Services |  | $ | 36 |  |  | $ | 24 |  |  | $ | 25 |
Crude Oil Pipelines & Services |  |  | 84 |  |  |  | 77 |  |  |  | 71 |
Natural Gas Pipelines & Services |  |  | 50 |  |  |  | 42 |  |  |  | 39 |
Petrochemical & Refined Products Services |  |  | 7 |  |  |  | 8 |  |  |  | 8 |
Total |  | $ | 177 |  |  | $ | 151 |  |  | $ | 143 |
Forecasted Amortization Expense | The following table presents our forecast of amortization expense associated with existing intangible assets for the years indicated:
2023 |  |  | 2024 |  |  | 2025 |  |  | 2026 |  |  | 2027 |
$ | 200 |  |  | $ | 222 |  |  | $ | 230 |  |  | $ | 237 |  |  | $ | 235 |
Significant Acquired Intangible Assets | At December 31, 2022, the carrying value of our portfolio of customer relationship intangible assets was $2.8 billion, the principal components of which were as follows:
a |  | Weighted Average Remaining Amortization Period |  | December 31, 2022
Gross Value |  | Accumulated Amortization |  | Carrying Value
Basin-specific customer relationships: |  |  |  |  |  |  |  |  |  |  |
EFS Midstream (acquired 2015) |  | 19.4 years |  | $ | 1,410 |  | $ | (269) |  | $ | 1,141
State Line and Fairplay (acquired 2010) |  | 24.2 years |  |  | 895 |  |  | (278) |  |  | 617
San Juan Gathering (acquired 2004) |  | 16.8 years |  |  | 331 |  |  | (260) |  |  | 71
General customer relationships: |  |  |  |  |  |  |  |  |  |  |
Oiltanking (acquired 2014) |  | 21.0 years |  |  | 1,193 |  |  | (248) |  |  | 945
At December 31, 2022, the carrying value of our portfolio of contract-based intangible assets was $1.1 billion, the principal components of which were as follows:
a |  | Weighted Average Remaining Amortization Period |  | December 31, 2022
Gross Value |  | Accumulated Amortization |  | Carrying Value
Navitas Midstream customer contracts |  | 29.0 years | $ |  | 989 |  | $ | (19) |  | $ | 970
Jonah natural gas gathering agreements |  | 19.0 years |  |  | 224 |  |  | (182) |  |  | 42
Delaware Basin natural gas processing contracts |  | 4.0 years |  |  | 82 |  |  | (40) |  |  | 42
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, 2020 (1) |  | $ | 2,652 |  |  | $ | 1,841 |  |  | $ | – |  |  | $ | 956 |  |  | $ | 5,449 |
Balance at December 31, 2021 (1) |  |  | 2,652 |  |  |  | 1,841 |  |  |  | – |  |  |  | 956 |  |  |  | 5,449 |
Goodwill related to acquisition (2) |  |  | 159 |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 159 |
Balance at December 31, 2022 (1) |  | $ | 2,811 |  |  | $ | 1,841 |  |  | $ | – |  |  | $ | 956 |  |  | $ | 5,608 |
(1) | Balances are presented net of historical accumulated impairment losses of $296 million for the Natural Gas Pipelines & Service segment and $1 million for the Petrochemical & Refined Products Services segment. There have been no goodwill impairment charges recognized for the reporting units within the NGL Pipelines & Services and Crude Oil Pipelines & Services segments.
(2) | 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.

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