XML 27 R14.htm IDEA: XBRL DOCUMENT
v3.20.2

Revenue Recognition (Notes) | 6 Months Ended
--- | ---
Jun. 30, 2020
Revenue from Contract with Customer [Abstract] |
Revenue Recognition | Revenue Recognition Disaggregation of Revenues The following tables present our revenues disaggregated by revenue source and type of revenue for each revenue source:
|  | Three Months Ended June 30, 2020 |  |  |  |  |  |  |  |  |  |
|  | Natural Gas Pipelines |  | Products Pipelines |  | Terminals |  | CO2 |  | Corporate and Eliminations |  | Total
|  | (In millions) |  |  |  |  |  |  |  |  |  |
Revenues from contracts with customers(a) |  |  |  |  |  |  |  |  |  |  |  |
Services |  |  |  |  |  |  |  |  |  |  |  |
Firm services(b) |  | $ | 796 |  |  | $ | 67 |  |  | $ | 189 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,052 |
Fee-based services |  | 157 |  |  | 182 |  |  | 95 |  |  | 10 |  |  | (2) |  |  | 442 |
Total services |  | 953 |  |  | 249 |  |  | 284 |  |  | 10 |  |  | (2) |  |  | 1,494 |
Commodity sales |  |  |  |  |  |  |  |  |  |  |  |
Natural gas sales |  | 377 |  |  | — |  |  | — |  |  | — |  |  | (1) |  |  | 376 |
Product sales |  | 102 |  |  | 49 |  |  | 3 |  |  | 134 |  |  | (4) |  |  | 284 |
Total commodity sales |  | 479 |  |  | 49 |  |  | 3 |  |  | 134 |  |  | (5) |  |  | 660 |
Total revenues from contracts with customers |  | 1,432 |  |  | 298 |  |  | 287 |  |  | 144 |  |  | (7) |  |  | 2,154 |
Other revenues(c) |  |  |  |  |  |  |  |  |  |  |  |
Leasing services |  | 114 |  |  | 42 |  |  | 132 |  |  | 11 |  |  | — |  |  | 299 |
Derivatives adjustments on commodity sales |  | (11) |  |  | — |  |  | — |  |  | 75 |  |  | — |  |  | 64 |
Other |  | 36 |  |  | 5 |  |  | — |  |  | 2 |  |  | — |  |  | 43 |
Total Other revenues |  | 139 |  |  | 47 |  |  | 132 |  |  | 88 |  |  | — |  |  | 406 |
Total revenues |  | $ | 1,571 |  |  | $ | 345 |  |  | $ | 419 |  |  | $ | 232 |  |  | $ | (7) |  |  | $ | 2,560 |
|  | Three Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |
|  | Natural Gas Pipelines |  | Products Pipelines |  | Terminals |  | CO2 |  | Corporate and Eliminations |  | Total
|  | (In millions) |  |  |  |  |  |  |  |  |  |
Revenues from contracts with customers(a) |  |  |  |  |  |  |  |  |  |  |  |
Services |  |  |  |  |  |  |  |  |  |  |  |
Firm services(b) |  | $ | 889 |  |  | $ | 84 |  |  | $ | 279 |  |  | $ | — |  |  | $ | (1) |  |  | $ | 1,251 |
Fee-based services |  | 187 |  |  | 252 |  |  | 118 |  |  | 15 |  |  | 1 |  |  | 573 |
Total services |  | 1,076 |  |  | 336 |  |  | 397 |  |  | 15 |  |  | — |  |  | 1,824 |
Commodity sales |  |  |  |  |  |  |  |  |  |  |  |
Natural gas sales |  | 607 |  |  | — |  |  | — |  |  | — |  |  | (4) |  |  | 603 |
Product sales |  | 197 |  |  | 61 |  |  | 5 |  |  | 291 |  |  | (10) |  |  | 544 |
Total commodity sales |  | 804 |  |  | 61 |  |  | 5 |  |  | 291 |  |  | (14) |  |  | 1,147 |
Total revenues from contracts with customers |  | 1,880 |  |  | 397 |  |  | 402 |  |  | 306 |  |  | (14) |  |  | 2,971 |
Other revenues(c) |  |  |  |  |  |  |  |  |  |  |  |
Leasing services |  | 55 |  |  | 43 |  |  | 105 |  |  | 13 |  |  | — |  |  | 216 |
Derivatives adjustments on commodity sales |  | 19 |  |  | — |  |  | — |  |  | (12) |  |  | — |  |  | 7 |
Other |  | 14 |  |  | 2 |  |  | — |  |  | 3 |  |  | 1 |  |  | 20 |
Total Other revenues |  | 88 |  |  | 45 |  |  | 105 |  |  | 4 |  |  | 1 |  |  | 243 |
Total revenues |  | $ | 1,968 |  |  | $ | 442 |  |  | $ | 507 |  |  | $ | 310 |  |  | $ | (13) |  |  | $ | 3,214 |
|  | Six Months Ended June 30, 2020 |  |  |  |  |  |  |  |  |  |
|  | Natural Gas Pipelines |  | Products Pipelines |  | Terminals |  | CO2 |  | Corporate and Eliminations |  | Total
|  | (In millions) |  |  |  |  |  |  |  |  |  |
Revenues from contracts with customers(a) |  |  |  |  |  |  |  |  |  |  |  |
Services |  |  |  |  |  |  |  |  |  |  |  |
Firm services(b) |  | $ | 1,661 |  |  | $ | 146 |  |  | $ | 378 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,185 |
Fee-based services |  | 350 |  |  | 442 |  |  | 216 |  |  | 23 |  |  | (2) |  |  | 1,029 |
Total services |  | 2,011 |  |  | 588 |  |  | 594 |  |  | 23 |  |  | (2) |  |  | 3,214 |
Commodity sales |  |  |  |  |  |  |  |  |  |  |  |
Natural gas sales |  | 878 |  |  | — |  |  | — |  |  | — |  |  | (3) |  |  | 875 |
Product sales |  | 238 |  |  | 158 |  |  | 6 |  |  | 366 |  |  | (17) |  |  | 751 |
Total commodity sales |  | 1,116 |  |  | 158 |  |  | 6 |  |  | 366 |  |  | (20) |  |  | 1,626 |
Total revenues from contracts with customers |  | 3,127 |  |  | 746 |  |  | 600 |  |  | 389 |  |  | (22) |  |  | 4,840 |
Other revenues(c) |  |  |  |  |  |  |  |  |  |  |  |
Leasing services |  | 227 |  |  | 84 |  |  | 261 |  |  | 21 |  |  | — |  |  | 593 |
Derivatives adjustments on commodity sales |  | 41 |  |  | — |  |  | — |  |  | 127 |  |  | — |  |  | 168 |
Other |  | 51 |  |  | 10 |  |  | — |  |  | 4 |  |  | — |  |  | 65 |
Total Other revenues |  | 319 |  |  | 94 |  |  | 261 |  |  | 152 |  |  | — |  |  | 826 |
Total revenues |  | $ | 3,446 |  |  | $ | 840 |  |  | $ | 861 |  |  | $ | 541 |  |  | $ | (22) |  |  | $ | 5,666 |
|  | Six Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |
|  | Natural Gas Pipelines |  | Products Pipelines |  | Terminals |  | CO2 |  | Corporate and Eliminations |  | Total
|  | (In millions) |  |  |  |  |  |  |  |  |  |
Revenues from contracts with customers(a) |  |  |  |  |  |  |  |  |  |  |  |
Services |  |  |  |  |  |  |  |  |  |  |  |
Firm services(b) |  | $ | 1,819 |  |  | $ | 164 |  |  | $ | 529 |  |  | $ | — |  |  | $ | (2) |  |  | $ | 2,510 |
Fee-based services |  | 379 |  |  | 487 |  |  | 266 |  |  | 31 |  |  | — |  |  | 1,163 |
Total services |  | 2,198 |  |  | 651 |  |  | 795 |  |  | 31 |  |  | (2) |  |  | 3,673 |
Commodity sales |  |  |  |  |  |  |  |  |  |  |  |
Natural gas sales |  | 1,361 |  |  | — |  |  | — |  |  | 1 |  |  | (6) |  |  | 1,356 |
Product sales |  | 437 |  |  | 127 |  |  | 7 |  |  | 559 |  |  | (16) |  |  | 1,114 |
Total commodity sales |  | 1,798 |  |  | 127 |  |  | 7 |  |  | 560 |  |  | (22) |  |  | 2,470 |
Total revenues from contracts with customers |  | 3,996 |  |  | 778 |  |  | 802 |  |  | 591 |  |  | (24) |  |  | 6,143 |
Other revenues(c) |  |  |  |  |  |  |  |  |  |  |  |
Leasing services |  | 110 |  |  | 84 |  |  | 214 |  |  | 26 |  |  | — |  |  | 434 |
Derivatives adjustments on commodity sales |  | 38 |  |  | — |  |  | — |  |  | (9) |  |  | 1 |  |  | 30 |
Other |  | 25 |  |  | 4 |  |  | — |  |  | 7 |  |  | — |  |  | 36 |
Total Other revenues |  | 173 |  |  | 88 |  |  | 214 |  |  | 24 |  |  | 1 |  |  | 500 |
Total revenues |  | $ | 4,169 |  |  | $ | 866 |  |  | $ | 1,016 |  |  | $ | 615 |  |  | $ | (23) |  |  | $ | 6,643 |
_______ (a)Differences between the revenue classifications presented on the consolidated statements of operations and the categories for the disaggregated revenues by type of revenue above are primarily attributable to revenues reflected in the “Other revenues” category above (see note (c) below). (b)Includes non-cancellable firm service customer contracts with take-or-pay or minimum volume commitment elements, including those contracts where both the price and quantity amount are fixed. Excludes service contracts with index-based pricing, which along with revenues from other customer service contracts are reported as Fee-based services. (c)For the three and six months ended June 30, 2020 and 2019, amounts recognized as revenue under guidance prescribed in Topics of the ASC other than in Topic 606 were primarily from leases and derivative contracts. See Note 5 for additional information related to our derivative contracts. Contract Balances Contract assets and contract liabilities are the result of timing differences between revenue recognition, billings and cash collections. As of June 30, 2020 and December 31, 2019, our contract asset balances were $34 million and $27 million, respectively. Of the contract asset balance at December 31, 2019, $17 million was transferred to accounts receivable during the six months ended June 30, 2020. As of June 30, 2020 and December 31, 2019, our contract liability balances were $241 million and $232 million, respectively. Of the contract liability balance at December 31, 2019, $47 million was recognized as revenue during the six months ended June 30, 2020. Revenue Allocated to Remaining Performance Obligations The following table presents our estimated revenue allocated to remaining performance obligations for contracted revenue that has not yet been recognized, representing our “contractually committed” revenue as of June 30, 2020 that we will invoice or transfer from contract liabilities and recognize in future periods:
Year |  | Estimated Revenue
|  | (In millions)
Six months ended December 31, 2020 |  | $ | 2,252 |
2021 |  | 3,975 |
2022 |  | 3,258 |
2023 |  | 2,648 |
2024 |  | 2,302 |
Thereafter |  | 14,722 |
Total |  | $ | 29,157 |
Our contractually committed revenue, for purposes of the tabular presentation above, is generally limited to service or commodity sale customer contracts which have fixed pricing and fixed volume terms and conditions, generally including contracts with take-or-pay or minimum volume commitment payment obligations. Our contractually committed revenue amounts generally exclude, based on the following practical expedients that we elected to apply, remaining performance obligations for: (i) contracts with index-based pricing or variable volume attributes in which such variable consideration is allocated entirely to a wholly unsatisfied performance obligation and (ii) contracts with an original expected duration of one year or less.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration