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Acquisitions and Divestitures (Tables) | 6 Months Ended
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Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | As of June 30, 2024, our preliminary allocation of the purchase price for acquisitions are detailed below.
|  |  |  |  | Assignment of Purchase Price |  |
Ref |  | Acquisition | Purchase price |  | Current assets |  | Property, plant & equipment |  | Other long-term assets |  | Current liabilities |  | Long-term liabilities |  | Non-controlling interest |  | Resulting goodwill
|  |  | (In millions)
(1) |  | North McElroy Unit | $ | 60 |  |  | $ | 1 |  |  | $ | 101 |  |  | $ | — |  |  | $ | — |  |  | $ | (42) |  |  | $ | — |  |  | $ | — |
(2) |  | STX Midstream(a) | 1,829 |  |  | 25 |  |  | 1,199 |  |  | 549 |  |  | (6) |  |  | — |  |  | (66) |  |  | 128 |
(a)The purchase price allocation for the STX Midstream acquisition is preliminary.
Schedule of Goodwill | Changes in the amounts of our goodwill for the six months ended June 30, 2024 are summarized by reporting unit as follows:
| Natural Gas Pipelines Regulated |  | Natural Gas Pipelines Non-Regulated |  | CO 2 |  | Products Pipelines |  | Products Pipelines Terminals |  | Terminals |  | Energy Transition Ventures |  | Total
| (In millions)
Goodwill as of December 31, 2023 | $ | 14,249 |  |  | $ | 2,499 |  |  | $ | 928 |  |  | $ | 1,378 |  |  | $ | 151 |  |  | $ | 802 |  |  | $ | 114 |  |  | $ | 20,121 |
Acquisition(a) | — |  |  | (28) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (28) |
Divestitures(b) | — |  |  | — |  |  | (9) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (9) |
Goodwill as of June 30, 2024 | $ | 14,249 |  |  | $ | 2,471 |  |  | $ | 919 |  |  | $ | 1,378 |  |  | $ | 151 |  |  | $ | 802 |  |  | $ | 114 |  |  | $ | 20,084 |
(a)Reflects adjustment to purchase price allocation related to the December 2023 STX Midstream acquisition. (b)Associated with our CO 2 business segment assets that were divested in June 2024.

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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