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Reportable Segments (Tables)

12 Months Ended

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						CO2						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						CO2						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						CO2						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)Includes 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 CO2 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 CO2 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 CO2 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

X

- 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

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-Topic 220
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-Name Accounting Standards Codification
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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