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Reportable Segments (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Financial information by segment follows:
| Year Ended December 31, 2024 |
| Reportable Segments |  |  |  |  |
| Natural Gas Pipelines |  | Products Pipelines |  | Terminals |  | CO 2 |  | Corporate and Eliminations |  | Total |
| (In millions) |
Revenues |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers | $ | 8,930 |  |  | $ | 2,955 |  |  | $ | 2,013 |  |  | $ | 1,202 |  |  | $ | — |  |  | $ | 15,100 |  |
Intersegment revenues | 12 |  |  | — |  |  | 9 |  |  | 2 |  |  | (23) |  |  | — |  |
Total revenues | 8,942 |  |  | 2,955 |  |  | 2,022 |  |  | 1,204 |  |  | (23) |  |  | 15,100 |  |
Costs of sales | (2,837) |  |  | (1,394) |  |  | (42) |  |  | (82) |  |  |  |  |  |
Labor | (322) |  |  | (128) |  |  | (273) |  |  | (50) |  |  |  |  |  |
Fuel and power | (74) |  |  | (92) |  |  | (20) |  |  | (153) |  |  |  |  |  |
Field - non-labor(a) | (854) |  |  | (193) |  |  | (558) |  |  | (241) |  |  |  |  |  |
Taxes, other than income taxes | (269) |  |  | (43) |  |  | (53) |  |  | (60) |  |  |  |  |  |
Earnings from equity investments | 782 |  |  | 66 |  |  | 8 |  |  | 34 |  |  |  |  |  |
Other segment items(b) | 59 |  |  | 2 |  |  | 15 |  |  | 40 |  |  |  |  |  |
Total Segment EBDA(c) | $ | 5,427 |  |  | $ | 1,173 |  |  | $ | 1,099 |  |  | $ | 692 |  |  |  |  | 8,391 |  |
DD&A |  |  |  |  |  |  |  |  |  |  | (2,354) |  |
Amortization of excess cost of equity investments |  |  |  |  |  |  |  |  |  |  | (50) |  |
General and administrative and corporate charges |  |  |  |  |  |  |  |  |  |  | (736) |  |
Interest, net |  |  |  |  |  |  |  |  |  |  | (1,844) |  |
Income tax expense |  |  |  |  |  |  |  |  |  |  | (687) |  |
Net income |  |  |  |  |  |  |  |  |  |  | $ | 2,720 |  |
Other segment activity information: |  |  |  |  |  |  |  |  |  |  |  |
DD&A | $ | 1,105 |  |  | $ | 365 |  |  | $ | 508 |  |  | $ | 354 |  |  | $ | 22 |  |  | $ | 2,354 |  |
Capital expenditures | 1,654 |  |  | 210 |  |  | 385 |  |  | 346 |  |  | 34 |  |  | 2,629 |  |
Segment balance sheet information: |  |  |  |  |  |  |  |  |  |  |  |
Investments | 7,252 |  |  | 387 |  |  | 132 |  |  | 74 |  |  | — |  |  | 7,845 |  |
Other intangibles, net | 687 |  |  | 597 |  |  | 18 |  |  | 458 |  |  | — |  |  | 1,760 |  |
Total assets(d) | 50,402 |  |  | 8,639 |  |  | 8,086 |  |  | 3,583 |  |  | 697 |  |  | 71,407 |  |
| Year Ended December 31, 2023
| Reportable Segments |  |  |  |
| Natural Gas Pipelines |  | Products Pipelines |  | Terminals |  | CO 2 |  | Corporate and Eliminations |  | Total
| (In millions)
Revenues |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers | $ | 9,152 |  |  | $ | 3,066 |  |  | $ | 1,911 |  |  | $ | 1,205 |  |  | $ | — |  |  | $ | 15,334 |
Intersegment revenues | 16 |  |  | — |  |  | 6 |  |  | 4 |  |  | (26) |  |  | — |
Total revenues | 9,168 |  |  | 3,066 |  |  | 1,917 |  |  | 1,209 |  |  | (26) |  |  | 15,334 |
Costs of sales | (3,258) |  |  | (1,588) |  |  | (33) |  |  | (77) |  |  |  |  |
Labor | (300) |  |  | (121) |  |  | (254) |  |  | (49) |  |  |  |  |
Fuel and power | (79) |  |  | (88) |  |  | (19) |  |  | (137) |  |  |  |  |
Field - non-labor(a) | (801) |  |  | (185) |  |  | (535) |  |  | (232) |  |  |  |  |
Taxes, other than income taxes | (262) |  |  | (42) |  |  | (55) |  |  | (55) |  |  |  |  |
Earnings from equity investments | 776 |  |  | 23 |  |  | 9 |  |  | 30 |  |  |  |  |
Other segment items(b) | 38 |  |  | (3) |  |  | 10 |  |  | — |  |  |  |  |
Total Segment EBDA(e) | $ | 5,282 |  |  | $ | 1,062 |  |  | $ | 1,040 |  |  | $ | 689 |  |  |  |  | 8,073 |
DD&A |  |  |  |  |  |  |  |  |  |  | (2,250) |
Amortization of excess cost of equity investments |  |  |  |  |  |  |  |  |  |  | (66) |
General and administrative and corporate charges |  |  |  |  |  |  |  |  |  |  | (759) |
Interest, net |  |  |  |  |  |  |  |  |  |  | (1,797) |
Income tax expense |  |  |  |  |  |  |  |  |  |  | (715) |
Net income |  |  |  |  |  |  |  |  |  |  | $ | 2,486 |
Other segment activity information: |  |  |  |  |  |  |  |  |  |  |
DD&A | $ | 1,041 |  |  | $ | 367 |  |  | $ | 493 |  |  | $ | 325 |  |  | $ | 24 |  |  | $ | 2,250 |
Capital expenditures | 1,299 |  |  | 221 |  |  | 406 |  |  | 355 |  |  | 36 |  |  | 2,317 |
Segment balance sheet information: |  |  |  |  |  |  |  |  |  |  |
Investments | 7,273 |  |  | 390 |  |  | 130 |  |  | 81 |  |  | — |  |  | 7,874 |
Other intangibles, net | 742 |  |  | 687 |  |  | 26 |  |  | 502 |  |  | — |  |  | 1,957 |
Total assets(d) | 49,883 |  |  | 8,781 |  |  | 8,235 |  |  | 3,497 |  |  | 624 |  |  | 71,020 |
| Year Ended December 31, 2022
| Reportable Segments |  |  |  |
| Natural Gas Pipelines |  | Products Pipelines |  | Terminals |  | CO 2 |  | Corporate and Eliminations |  | Total
| (In millions)
Revenues |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers | $ | 12,659 |  |  | $ | 3,418 |  |  | $ | 1,789 |  |  | $ | 1,334 |  |  | $ | — |  |  | $ | 19,200 |
Intersegment revenues | 27 |  |  | — |  |  | 3 |  |  | — |  |  | (30) |  |  | — |
Total revenues | 12,686 |  |  | 3,418 |  |  | 1,792 |  |  | 1,334 |  |  | (30) |  |  | 19,200 |
Costs of sales | (7,171) |  |  | (1,972) |  |  | (26) |  |  | (109) |  |  |  |  |
Labor | (282) |  |  | (99) |  |  | (239) |  |  | (41) |  |  |  |  |
Fuel and power | (78) |  |  | (81) |  |  | (17) |  |  | (132) |  |  |  |  |
Field - non-labor(a) | (763) |  |  | (194) |  |  | (518) |  |  | (207) |  |  |  |  |
Taxes, other than income taxes | (268) |  |  | (45) |  |  | (53) |  |  | (65) |  |  |  |  |
Earnings from equity investments | 683 |  |  | 68 |  |  | 14 |  |  | 38 |  |  |  |  |
Other segment items(b) | (6) |  |  | 12 |  |  | 22 |  |  | 1 |  |  |  |  |
Total Segment EBDA(f) | $ | 4,801 |  |  | $ | 1,107 |  |  | $ | 975 |  |  | $ | 819 |  |  |  |  | 7,702 |
DD&A |  |  |  |  |  |  |  |  |  |  | (2,186) |
Amortization of excess cost of equity investments |  |  |  |  |  |  |  |  |  |  | (75) |
General and administrative and corporate charges |  |  |  |  |  |  |  |  |  |  | (593) |
Interest, net |  |  |  |  |  |  |  |  |  |  | (1,513) |
Income tax expense |  |  |  |  |  |  |  |  |  |  | (710) |
Net income |  |  |  |  |  |  |  |  |  |  | $ | 2,625 |
Other segment activity information: |  |  |  |  |  |  |  |  |  |  |
DD&A | $ | 1,096 |  |  | $ | 336 |  |  | $ | 458 |  |  | $ | 272 |  |  | $ | 24 |  |  | $ | 2,186 |
Capital expenditures | 666 |  |  | — |  |  | 552 |  |  | 371 |  |  | 32 |  |  | 1,621 |
(a)Includes outside services, pipeline integrity maintenance, materials and supplies and other operating costs. (b)Include s miscellaneous operating and non-operating items primarily related to gains and losses associated with divestitures, impairments and/or equity investments. (c)Includes non-cash mark-to-market derivative hedge contract amounts of $(75) million and $(2) million for our Natural Gas Pipelines and CO 2 business segments, respectively. (d)Corporate segment includes cash and cash equivalents, restricted deposits, certain prepaid assets and deferred charges, risk management assets related to derivative contracts, corporate headquarters in Houston, Texas and miscellaneous corporate assets (such as IT, telecommunications equipment and legacy activity) not allocated to our reportable segments. (e)Includes non-cash mark-to-market derivative hedge contract amounts of $122 million, $1 million and $(4) million for our Natural Gas Pipelines, Products Pipelines and CO 2 business segments, respectively. (f)Includes non-cash mark-to-market derivative hedge contract amounts of $(64) million and $11 million for our Natural Gas Pipelines and CO 2 business segments, respectively.
Schedule of Revenue and Long-lived Assets from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block] | Following is geographic information regarding the revenues and long-lived assets of our business:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (In millions)
Revenues from external customers |  |  |  |  |
U.S. | $ | 15,057 |  |  | $ | 15,255 |  |  | $ | 19,036 |
Mexico and other foreign | 43 |  |  | 79 |  |  | 164 |
Total consolidated revenues from external customers | $ | 15,100 |  |  | $ | 15,334 |  |  | $ | 19,200 |
| December 31,
| 2024 |  | 2023 |  | 2022
| (In millions)
Long-term assets, excluding goodwill and other intangibles |  |  |  |  |
U.S. | $ | 46,972 |  |  | $ | 46,328 |  |  | $ | 44,425 |
Mexico and other foreign | 70 |  |  | 72 |  |  | 75 |
Canada | — |  |  | — |  |  | 1 |
Total consolidated long-lived assets | $ | 47,042 |  |  | $ | 46,400 |  |  | $ | 44,501 |

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- Definition Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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