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Inventories (Tables)

12 Months Ended

Dec. 31, 2022

Inventories [Abstract]

Inventory Amounts by Product Type

Our inventory amounts by product type were as follows at the dates indicated:

		December 31,
		2022				2021
NGLs		$	1,689			$	2,027
Petrochemicals and refined products			430				343
Crude oil			411				285
Natural gas			24				26
Total		$	2,554			$	2,681

Cost of Sales and Lower of Cost or Market Adjustments

The following table presents our total cost of sales amounts and lower of cost or net realizable value adjustments for the years indicated:

	For the Year Ended December 31,
	2022				2021				2020
Cost of sales (1)		$	45,836			$	29,887			$	16,723
Lower of cost or net realizable value adjustments recognized in cost of sales			19				20				60

(1) Cost of sales is a component of “Operating costs and expenses,” as presented on our Statements of Consolidated Operations.  Fluctuations in these amounts are primarily due to changes in energy commodity prices and sales volumes associated with our marketing activities.

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- Definition

Tabular disclosure of the summary of costs related to goods produced and sold and services rendered during the period. Discloses any lower of cost or market adjustment recorded during the period.

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Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

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