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Inventories (Notes)

6 Months Ended

Jun. 30, 2019

Inventory, Net [Abstract]

Inventories

INVENTORIES

Inventories consisted of the following:

	June 30, 2019				December 31, 2018
Natural gas, NGLs and refined products	$	793			$	833
Crude oil	622				506
Spare parts and other	417				338
Total inventories	$	1,832			$	1,677

We utilize commodity derivatives to manage price volatility associated with its natural gas inventories. Changes in fair value of designated hedged inventory are recorded in inventory on our consolidated balance sheets and cost of products sold in our consolidated statements of operations.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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- References

No definition available.

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