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Revenues (Tables)

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Revenues by Business Segment

The following table presents our revenues by business segment, and further by revenue type, for the years indicated:

									For the Year Ended December 31,
															2025						2024						2023
NGL Pipelines & Services:
Sales of NGLs and related products															$	14,415					$	17,397					$	14,846
Segment midstream services:
Natural gas processing and fractionation															1,261						1,349						1,278
Transportation															1,299						1,151						1,090
Storage and terminals															341						379						431
Total segment midstream services															2,901						2,879						2,799
Total NGL Pipelines & Services															17,316						20,276						17,645
Crude Oil Pipelines & Services:
Sales of crude oil															19,560						20,389						18,185
Segment midstream services:
Transportation															770						779						744
Storage and terminals															431						412						407
Total segment midstream services															1,201						1,191						1,151
Total Crude Oil Pipelines & Services															20,761						21,580						19,336
Natural Gas Pipelines & Services:
Sales of natural gas															2,355						1,458						2,373
Segment midstream services:
Transportation															1,812						1,546						1,403
Total segment midstream services															1,812						1,546						1,403
Total Natural Gas Pipelines & Services															4,167						3,004						3,776
Petrochemical & Refined Products Services:
Sales of petrochemicals and refined products															9,010						10,013						7,689
Segment midstream services:
Fractionation and isomerization															354						371						282
Transportation, including marine logistics															668						663						660
Storage and terminals															320						312						327
Total segment midstream services															1,342						1,346						1,269
Total Petrochemical & Refined Products Services															10,352						11,359						8,958
Total consolidated revenues															$	52,596					$	56,219					$	49,715

Schedule of Unbilled Revenue and Deferred Revenue

The following table provides information regarding our contract assets and contract liabilities at the dates indicated:

						December 31,
Contract Asset			Location			2025						2024
Unbilled revenue (current amount)			Prepaid and other current assets			$	6					$	9
Total						$	6					$	9

						December 31,
Contract Liability			Location			2025						2024
Deferred revenue (current amount)			Other current liabilities			$	157					$	168
Deferred revenue (noncurrent)			Other long-term liabilities			261						284
Total						$	418					$	452

The following table presents significant changes in our unbilled revenue and deferred revenue balances during the years indicated:

			Unbilled Revenue						Deferred Revenue
Balance at December 31, 2022			$	6					$	501
Amount included in opening balance transferred to other accounts during period (1)			(6)						(271)
Amount recorded during period (2)			81						956
Amounts recorded during period transferred to other accounts (1)			(70)						(656)
Other changes			–						(11)
Balance at December 31, 2023			$	11					$	519
Amount included in opening balance transferred to other accounts during period (1)			(11)						(242)
Amount recorded during period (2)			79						853
Amounts recorded during period transferred to other accounts (1)			(70)						(672)
Other changes			–						(6)
Balance at December 31, 2024			$	9					$	452
Amount included in opening balance transferred to other accounts during period (1)			(9)						(192)
Amount recorded during period (2)			86						814
Amounts recorded during period transferred to other accounts (1)			(80)						(650)
Other changes			–						(6)
Balance at December 31, 2025			$	6					$	418

(1)Unbilled revenues are transferred to accounts receivable once we have an unconditional right to consideration from the customer. Deferred revenues are recognized as revenue upon satisfaction of our performance obligation to the customer.

(2)Unbilled revenue represents revenue that has been recognized upon satisfaction of a performance obligation, but cannot be contractually invoiced (or billed) to the customer at the balance sheet date until a future period. Deferred revenue is recorded when payment is received from a customer prior to our satisfaction of the associated performance obligation.

Schedule of Remaining Performance Obligations

The following table presents estimated fixed future consideration from revenue contracts that contain minimum volume commitments, deficiency and similar fees and the term of the contracts exceeds one year. These amounts represent the revenues we expect to recognize in future periods from these contracts as of December 31, 2025.

For a significant portion of our revenue, we bill customers a contractual rate for the services provided multiplied by the amount of volume handled in a given period. We have the right to invoice the customer in the amount that corresponds directly with the value of our performance completed to date. Therefore, we are not required to disclose information about the variable consideration of remaining performance obligations since we recognize revenue equal to the amount that we have the right to invoice.

Period						Fixed Consideration
One year ended December 31, 2026						$	4,480
One year ended December 31, 2027						4,270
One year ended December 31, 2028						3,836
One year ended December 31, 2029						2,999
One year ended December 31, 2030						2,227
Thereafter						9,294
Total						$	27,106

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-SubTopic 10
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

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