Related Party Transactions (Notes)

12 Months Ended

Dec. 31, 2020

12. Related Party Transactions

Affiliate Balances

We have transactions with affiliates which consist of (i) unconsolidated affiliates in which we hold an investment accounted for under the equity method of accounting (see Note 7 for additional information related to these investments); and (ii) external partners of our joint ventures we consolidate, and for periods prior to the sale of KML, our proportional method joint ventures, for which we include our proportionate share of balances and activity in our financial statements.

The following tables summarize our affiliate balance sheet balances and income statement activity, other than amounts reported within our “Investments” balances and “Earnings from equity investments” activity:


	December 31,
	2020		2019
	(In millions)
Balance sheet location
Accounts receivable	$	41	$	38
Other current assets	6		—

Deferred charges and other assets	109		86
	$	156	$	124

Current portion of debt	$	6	$	6
Accounts payable	25		23
Other current liabilities	4		3
Long-term debt	154		157
Other long-term liabilities and deferred credits	48		41

	$	237	$	230


	Year Ended December 31,
	2020		2019		2018
	(In millions)
Income statement location

Revenues	$	206	$	269	$	265



Operating Costs, Expenses and Other
Costs of sales	$	116	$	75	$	63

Other operating expenses	119		132		91