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Intangible Assets and Goodwill (Tables)
3 Months Ended
Mar. 31, 2024
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, 2024
   
December 31, 2023
 
 
 
Gross
Value
   
Accumulated
Amortization
   
Carrying
Value
   
Gross
Value
   
Accumulated
Amortization
   
Carrying
Value
 
NGL Pipelines & Services:
                                   
Customer relationship intangibles
 
$
449
   
$
(267
)
 
$
182
   
$
449
   
$
(263
)
 
$
186
 
Contract-based intangibles
   
752
     
(116
)
   
636
     
752
     
(110
)
   
642
 
Segment total
   
1,201
     
(383
)
   
818
     
1,201
     
(373
)
   
828
 
Crude Oil Pipelines & Services:
                                               
Customer relationship intangibles
   
2,195
     
(555
)
   
1,640
     
2,195
     
(530
)
   
1,665
 
Contract-based intangibles
   
283
     
(275
)
   
8
     
283
     
(275
)
   
8
 
Segment total
   
2,478
     
(830
)
   
1,648
     
2,478
     
(805
)
   
1,673
 
Natural Gas Pipelines & Services:
                                               
Customer relationship intangibles
   
1,351
     
(634
)
   
717
     
1,351
     
(625
)
   
726
 
Contract-based intangibles
   
641
     
(213
)
   
428
     
641
     
(209
)
   
432
 
Segment total
   
1,992
     
(847
)
   
1,145
     
1,992
     
(834
)
   
1,158
 
Petrochemical & Refined Products Services:
                                               
Customer relationship intangibles
   
181
     
(87
)
   
94
     
181
     
(86
)
   
95
 
Contract-based intangibles
   
45
     
(30
)
   
15
     
45
     
(29
)
   
16
 
Segment total
   
226
     
(117
)
   
109
     
226
     
(115
)
   
111
 
Total intangible assets
 
$
5,897
   
$
(2,177
)
 
$
3,720
   
$
5,897
   
$
(2,127
)
 
$
3,770
 
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,
 
 
 
2024
   
2023
 
NGL Pipelines & Services
 
$
10
   
$
9
 
Crude Oil Pipelines & Services
   
25
     
23
 
Natural Gas Pipelines & Services
   
13
     
12
 
Petrochemical & Refined Products Services
   
2
     
2
 
Total
 
$
50
   
$
46
 
Forecasted Amortization Expense
The following table presents our forecast of amortization expense associated with existing intangible assets for the periods indicated:

Remainder
of 2024
   
2025
   
2026
   
2027
   
2028
 
$
160
   
$
208
   
$
203
   
$
185
   
$
180