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Inventories (Tables)

12 Months Ended

Dec. 31, 2024

Inventories [Abstract]

Inventory Amounts by Product Type

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

		December 31,
		2024				2023
NGLs		$	2,768			$	2,392
Petrochemicals and refined products			652				536
Crude oil			523				419
Natural gas			12				5
Total		$	3,955			$	3,352

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,
	2024				2023				2022
Cost of sales (1)		$	42,580			$	37,023			$	45,836
Lower of cost or net realizable value adjustments recognized in cost of sales			9				31				19

(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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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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