XML 46 R32.htm IDEA: XBRL DOCUMENT v3.24.3
Intangible Assets and Goodwill (Tables)
 9 Months Ended
Sep. 30, 2024
Intangible Assets and Goodwill [Abstract]  
Intangible Assets by Segment
The following table summarizes our intangible assets by business segment at the dates indicated:

   
September 30, 2024
    
December 31, 2023
  
 
  
Gross
Value
    
Accumulated
Amortization
    
Carrying
Value
    
Gross
Value
    
Accumulated
Amortization
    
Carrying
Value
  
NGL Pipelines & Services:
                                    
Customer relationship intangibles
  
$
449
    
$
(273
)
  
$
176
    
$
449
    
$
(263
)
  
$
186
  
Contract-based intangibles
    
754
      
(133
)
    
621
      
752
      
(110
)
    
642
  
Segment total
    
1,203
      
(406
)
    
797
      
1,201
      
(373
)
    
828
  
Crude Oil Pipelines & Services:
                                                
Customer relationship intangibles
    
2,195
      
(606
)
    
1,589
      
2,195
      
(530
)
    
1,665
  
Contract-based intangibles
    
283
      
(277
)
    
6
      
283
      
(275
)
    
8
  
Segment total
    
2,478
      
(883
)
    
1,595
      
2,478
      
(805
)
    
1,673
  
Natural Gas Pipelines & Services:
                                                
Customer relationship intangibles
    
1,351
      
(653
)
    
698
      
1,351
      
(625
)
    
726
  
Contract-based intangibles
    
643
      
(220
)
    
423
      
641
      
(209
)
    
432
  
Segment total
    
1,994
      
(873
)
    
1,121
      
1,992
      
(834
)
    
1,158
  
Petrochemical & Refined Products Services:
                                                
Customer relationship intangibles
    
181
      
(90
)
    
91
      
181
      
(86
)
    
95
  
Contract-based intangibles
    
45
      
(30
)
    
15
      
45
      
(29
)
    
16
  
Segment total
    
226
      
(120
)
    
106
      
226
      
(115
)
    
111
  
Total intangible assets
  
$
5,901
    
$
(2,282
)
  
$
3,619
    
$
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 September 30,
    
For the Nine Months
Ended September 30,
  
 
  
2024
    
2023
    
2024
    
2023
  
NGL Pipelines & Services
  
$
12
    
$
10
    
$
33
    
$
29
  
Crude Oil Pipelines & Services
    
27
      
28
      
78
      
76
  
Natural Gas Pipelines & Services
    
13
      
12
      
39
      
37
  
Petrochemical & Refined Products Services
    
2
      
2
      
5
      
6
  
Total
  
$
54
    
$
52
    
$
155
    
$
148
  
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
  
$
53
    
$
209
    
$
203
    
$
185
    
$
181