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Intangible Assets and Goodwill
9 Months Ended
Sep. 30, 2023
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:

   
September 30, 2023
   
December 31, 2022
 
 
 
Gross
Value
   
Accumulated
Amortization
   
Carrying
Value
   
Gross
Value
   
Accumulated
Amortization
   
Carrying
Value
 
NGL Pipelines & Services:
                                   
Customer relationship intangibles
 
$
449
   
$
(260
)
 
$
189
   
$
449
   
$
(249
)
 
$
200
 
Contract-based intangibles
   
752
     
(102
)
   
650
     
749
     
(84
)
   
665
 
Segment total
   
1,201
     
(362
)
   
839
     
1,198
     
(333
)
   
865
 
Crude Oil Pipelines & Services:
                                               
Customer relationship intangibles
   
2,195
     
(504
)
   
1,691
     
2,195
     
(431
)
   
1,764
 
Contract-based intangibles
   
283
     
(274
)
   
9
     
283
     
(271
)
   
12
 
Segment total
   
2,478
     
(778
)
   
1,700
     
2,478
     
(702
)
   
1,776
 
Natural Gas Pipelines & Services:
                                               
Customer relationship intangibles
   
1,350
     
(615
)
   
735
     
1,350
     
(588
)
   
762
 
Contract-based intangibles
   
640
     
(205
)
   
435
     
639
     
(195
)
   
444
 
Segment total
   
1,990
     
(820
)
   
1,170
     
1,989
     
(783
)
   
1,206
 
Petrochemical & Refined Products Services:
                                               
Customer relationship intangibles
   
181
     
(85
)
   
96
     
181
     
(80
)
   
101
 
Contract-based intangibles
   
45
     
(29
)
   
16
     
45
     
(28
)
   
17
 
Segment total
   
226
     
(114
)
   
112
     
226
     
(108
)
   
118
 
Total intangible assets
 
$
5,895
   
$
(2,074
)
 
$
3,821
   
$
5,891
   
$
(1,926
)
 
$
3,965
 

The following table presents the amortization expense of our intangible assets by business segment for the periods indicated:

 
 
For the Three Months
Ended September 30,
   
For the Nine Months
Ended September 30,
 
 
 
2023
   
2022
   
2023
   
2022
 
NGL Pipelines & Services
 
$
10
   
$
10
   
$
29
   
$
27
 
Crude Oil Pipelines & Services
   
28
     
21
     
76
     
62
 
Natural Gas Pipelines & Services
   
12
     
13
     
37
     
38
 
Petrochemical & Refined Products Services
   
2
     
2
     
6
     
5
 
Total
 
$
52
   
$
46
   
$
148
   
$
132
 

The following table presents our forecast of amortization expense associated with existing intangible assets for the periods indicated:

Remainder
of 2023
   
2024
   
2025
   
2026
   
2027
 
$
55
   
$
222
   
$
231
   
$
237
   
$
236
 

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.  There has been no change in our goodwill amounts since those reported in our 2022 Form 10-K.