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Reportable Segments
 3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Reportable Segments
REPORTABLE SEGMENTS
Our reportable segments were reevaluated and currently reflect the following segments, which conduct their business primarily in the United States:
•intrastate transportation and storage;
•interstate transportation and storage;
•midstream;
•NGL and refined products transportation and services;
•crude oil transportation and services;
•investment in Sunoco LP;
•investment in USAC; and
•all other.
Consolidated revenues and expenses reflect the elimination of all material intercompany transactions.
Revenues from our intrastate transportation and storage segment are primarily reflected in natural gas sales and gathering, transportation and other fees. Revenues from our interstate transportation and storage segment are primarily reflected in gathering, transportation and other fees. Revenues from our midstream segment are primarily reflected in natural gas sales, NGL sales and gathering, transportation and other fees. Revenues from our NGL and refined products transportation and services segment are primarily reflected in NGL sales and gathering, transportation and other fees. Revenues from our crude oil transportation and services segment are primarily reflected in crude sales. Revenues from our investment in Sunoco LP segment are primarily reflected in refined product sales. Revenues from our investment in USAC segment are primarily reflected in gathering, transportation and other fees. Revenues from our all other segment are primarily reflected in natural gas sales.
We report Segment Adjusted EBITDA and consolidated Adjusted EBITDA as measures of segment performance. We define Segment Adjusted EBITDA and consolidated Adjusted EBITDA as total partnership earnings before interest, taxes, depreciation, depletion, amortization and other non-cash items, such as non-cash compensation expense, gains and losses on disposals of assets, the allowance for equity funds used during construction, unrealized gains and losses on commodity risk management activities, inventory valuation adjustments, non-cash impairment charges, losses on extinguishments of debt and other non-operating income or expense items. Segment Adjusted EBITDA and consolidated Adjusted EBITDA reflect amounts for unconsolidated affiliates based on the same recognition and measurement methods used to record equity in earnings of unconsolidated affiliates. Adjusted EBITDA related to unconsolidated affiliates excludes the same items with respect to the unconsolidated affiliate as those excluded from the calculation of Segment Adjusted EBITDA and consolidated Adjusted EBITDA, such as interest, taxes, depreciation, depletion, amortization and other non-cash items. Although these amounts are excluded from Adjusted EBITDA related to unconsolidated affiliates, such exclusion should not be understood to imply that we have control over the operations and resulting revenues and expenses of such affiliates. We do not control our unconsolidated affiliates; therefore, we do not control the earnings or cash flows of such affiliates.  The use of Segment Adjusted EBITDA or Adjusted EBITDA related to unconsolidated affiliates as an analytical tool should be limited accordingly.
The following tables present financial information by segment:
 
Three Months Ended
March 31,
 
2020
 
2019
Revenues:
 
 
 
Intrastate transportation and storage:
 
 
 
Revenues from external customers
$
536

 
$
769

Intersegment revenues
57

 
87

 
593

 
856

Interstate transportation and storage:
 
 
 
Revenues from external customers
459

 
492

Intersegment revenues
5

 
6

 
464

 
498

Midstream:
 
 
 
Revenues from external customers
501

 
663

Intersegment revenues
669

 
1,055

 
1,170

 
1,718

NGL and refined products transportation and services:
 
 
 
Revenues from external customers
2,118

 
2,713

Intersegment revenues
597

 
318

 
2,715

 
3,031

Crude oil transportation and services:
 
 
 
Revenues from external customers
4,213

 
4,167

Intersegment revenues
—

 
19

 
4,213

 
4,186

Investment in Sunoco LP:
 
 
 
Revenues from external customers
3,260

 
3,692

Intersegment revenues
12

 
—

 
3,272

 
3,692

Investment in USAC:
 
 
 
Revenues from external customers
176

 
167

Intersegment revenues
3

 
4

 
179

 
171

All other:
 
 
 
Revenues from external customers
364

 
458

Intersegment revenues
149

 
39

 
513

 
497

Eliminations
(1,492
)
 
(1,528
)
Total revenues
$
11,627

 
$
13,121


 
Three Months Ended
March 31,
 
2020
 
2019*
Segment Adjusted EBITDA:
 
 
 
Intrastate transportation and storage
$
240

 
$
252

Interstate transportation and storage
404

 
456

Midstream
383

 
382

NGL and refined products transportation and services
663

 
612

Crude oil transportation and services
591

 
744

Investment in Sunoco LP
209

 
153

Investment in USAC
106

 
101

All other
39

 
35

Adjusted EBITDA (consolidated)
2,635

 
2,735

Depreciation, depletion and amortization
(867
)
 
(774
)
Interest expense, net of interest capitalized
(602
)
 
(590
)
Impairment losses
(1,325
)
 
(50
)
Losses on interest rate derivatives
(329
)
 
(74
)
Non-cash compensation expense
(22
)
 
(29
)
Unrealized gains on commodity risk management activities
51

 
49

Losses on extinguishments of debt
(62
)
 
(18
)
Inventory valuation adjustments
(227
)
 
93

Adjusted EBITDA related to unconsolidated affiliates
(154
)
 
(146
)
Equity in earnings (losses) of unconsolidated affiliates
(7
)
 
65

Other, net
(27
)
 
(17
)
Income (loss) before income tax expense
(936
)
 
1,244

Income tax expense
(28
)
 
(126
)
Net income (loss)
$
(964
)
 
$
1,118