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v3.19.3

Reportable Segments (Tables) | 9 Months Ended
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Sep. 30, 2019
Operating Segments [Member] |
Financial Information By Segment |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Segment Adjusted EBITDA: |  |  |  |  |  |  |
Intrastate transportation and storage | $ | 235 |  |  | $ | 221 |  |  | $ | 777 |  |  | $ | 621 |
Interstate transportation and storage | 442 |  |  | 459 |  |  | 1,358 |  |  | 1,200 |
Midstream | 411 |  |  | 434 |  |  | 1,205 |  |  | 1,225 |
NGL and refined products transportation and services | 667 |  |  | 498 |  |  | 1,923 |  |  | 1,410 |
Crude oil transportation and services | 700 |  |  | 682 |  |  | 2,257 |  |  | 1,694 |
Investment in Sunoco LP | 192 |  |  | 208 |  |  | 497 |  |  | 457 |
Investment in USAC | 104 |  |  | 90 |  |  | 310 |  |  | 185 |
All other | 35 |  |  | (15 | ) |  | 80 |  |  | 49 |
Adjusted EBITDA (consolidated) | 2,786 |  |  | 2,577 |  |  | 8,407 |  |  | 6,841 |
Depreciation, depletion and amortization | (784 | ) |  | (750 | ) |  | (2,343 | ) |  | (2,109 | )
Interest expense, net of interest capitalized | (579 | ) |  | (535 | ) |  | (1,747 | ) |  | (1,511 | )
Impairment losses | (12 | ) |  | — |  |  | (62 | ) |  | — |
Gains (losses) on interest rate derivatives | (175 | ) |  | 45 |  |  | (371 | ) |  | 117 |
Non-cash compensation expense | (27 | ) |  | (27 | ) |  | (85 | ) |  | (82 | )
Unrealized gains (losses) on commodity risk management activities | 64 |  |  | 97 |  |  | 90 |  |  | (255 | )
Losses on extinguishments of debt | — |  |  | — |  |  | (18 | ) |  | (106 | )
Inventory valuation adjustments | (26 | ) |  | (7 | ) |  | 71 |  |  | 50 |
Adjusted EBITDA related to unconsolidated affiliates | (161 | ) |  | (179 | ) |  | (470 | ) |  | (503 | )
Equity in earnings of unconsolidated affiliates | 82 |  |  | 87 |  |  | 224 |  |  | 258 |
Adjusted EBITDA related to discontinued operations | — |  |  | — |  |  | — |  |  | 25 |
Other, net | 47 |  |  | 33 |  |  | 67 |  |  | 59 |
Income from continuing operations before income tax expense | 1,215 |  |  | 1,341 |  |  | 3,763 |  |  | 2,784 |
Income tax (expense) benefit from continuing operations | (54 | ) |  | 52 |  |  | (214 | ) |  | (6 | )
Income from continuing operations | 1,161 |  |  | 1,393 |  |  | 3,549 |  |  | 2,778 |
Loss from discontinued operations, net of income taxes | — |  |  | (2 | ) |  | — |  |  | (265 | )
Net income | $ | 1,161 |  |  | $ | 1,391 |  |  | $ | 3,549 |  |  | $ | 2,513 |
Revenue, Segment Benchmark [Member] |
Financial Information By Segment | The following tables present financial information by segment:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Revenues: |  |  |  |  |  |  |
Intrastate transportation and storage: |  |  |  |  |  |  |
Revenues from external customers | $ | 675 |  |  | $ | 846 |  |  | $ | 2,115 |  |  | $ | 2,424 |
Intersegment revenues | 89 |  |  | 76 |  |  | 270 |  |  | 186 |
| 764 |  |  | 922 |  |  | 2,385 |  |  | 2,610 |
Interstate transportation and storage: |  |  |  |  |  |  |
Revenues from external customers | 475 |  |  | 440 |  |  | 1,454 |  |  | 1,174 |
Intersegment revenues | 4 |  |  | 5 |  |  | 16 |  |  | 13 |
| 479 |  |  | 445 |  |  | 1,470 |  |  | 1,187 |
Midstream: |  |  |  |  |  |  |
Revenues from external customers | 704 |  |  | 537 |  |  | 1,704 |  |  | 1,571 |
Intersegment revenues | 876 |  |  | 1,716 |  |  | 2,792 |  |  | 4,170 |
| 1,580 |  |  | 2,253 |  |  | 4,496 |  |  | 5,741 |
NGL and refined products transportation and services: |  |  |  |  |  |  |
Revenues from external customers | 2,271 |  |  | 2,845 |  |  | 7,340 |  |  | 7,467 |
Intersegment revenues | 607 |  |  | 218 |  |  | 1,181 |  |  | 710 |
| 2,878 |  |  | 3,063 |  |  | 8,521 |  |  | 8,177 |
Crude oil transportation and services: |  |  |  |  |  |  |
Revenues from external customers | 4,453 |  |  | 4,422 |  |  | 13,685 |  |  | 12,942 |
Intersegment revenues | — |  |  | 16 |  |  | — |  |  | 44 |
| 4,453 |  |  | 4,438 |  |  | 13,685 |  |  | 12,986 |
Investment in Sunoco LP: |  |  |  |  |  |  |
Revenues from external customers | 4,328 |  |  | 4,760 |  |  | 12,494 |  |  | 13,114 |
Intersegment revenues | 3 |  |  | 1 |  |  | 4 |  |  | 3 |
| 4,331 |  |  | 4,761 |  |  | 12,498 |  |  | 13,117 |
Investment in USAC: |  |  |  |  |  |  |
Revenues from external customers | 169 |  |  | 166 |  |  | 505 |  |  | 331 |
Intersegment revenues | 6 |  |  | 3 |  |  | 15 |  |  | 5 |
| 175 |  |  | 169 |  |  | 520 |  |  | 336 |
All other: |  |  |  |  |  |  |
Revenues from external customers | 420 |  |  | 498 |  |  | 1,196 |  |  | 1,491 |
Intersegment revenues | 21 |  |  | 27 |  |  | 80 |  |  | 108 |
| 441 |  |  | 525 |  |  | 1,276 |  |  | 1,599 |
Eliminations | (1,606 | ) |  | (2,062 | ) |  | (4,358 | ) |  | (5,239 | )
Total revenues | $ | 13,495 |  |  | $ | 14,514 |  |  | $ | 40,493 |  |  | $ | 40,514 |

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