Reportable Segments (Tables)

12 Months Ended

Dec. 31, 2020

The following tables present financial information by segment:


	Years Ended December 31,
	2020		2019		2018
Revenues:
Intrastate transportation and storage:
Revenues from external customers	$	2,312	$	2,749	$	3,428
Intersegment revenues	232		350		309
	2,544		3,099		3,737
Interstate transportation and storage:
Revenues from external customers	1,841		1,941		1,664
Intersegment revenues	20		22		18
	1,861		1,963		1,682
Midstream:
Revenues from external customers	1,944		2,280		2,090
Intersegment revenues	3,082		3,751		5,432
	5,026		6,031		7,522
NGL and refined products transportation and services:
Revenues from external customers	8,501		9,920		10,119
Intersegment revenues	2,012		1,721		1,004
	10,513		11,641		11,123
Crude oil transportation and services:
Revenues from external customers	11,674		18,447		17,236
Intersegment revenues	5		—		96
	11,679		18,447		17,332
Investment in Sunoco LP:
Revenues from external customers	10,653		16,590		16,982
Intersegment revenues	57		6		12
	10,710		16,596		16,994
Investment in USAC:
Revenues from external customers	655		678		495
Intersegment revenues	12		20		13
	667		698		508
All other:
Revenues from external customers	1,374		1,608		2,073
Intersegment revenues	464		81		155
	1,838		1,689		2,228
Eliminations	(5,884)		(5,951)		(7,039)
Total revenues	$	38,954	$	54,213	$	54,087


	Years Ended December 31,
	2020		2019		2018
Cost of products sold:
Intrastate transportation and storage	$	1,478	$	1,909	$	2,665
Midstream	2,598		3,577		5,145
NGL and refined products transportation and services	7,139		8,393		8,462
Crude oil transportation and services	8,838		14,832		14,384
Investment in Sunoco LP	9,654		15,380		15,872
Investment in USAC	82		91		67
All other	1,527		1,504		2,006
Eliminations	(5,829)		(5,885)		(6,998)
Total cost of products sold	$	25,487	$	39,801	$	41,603


	Years Ended December 31,
	2020		2019		2018
Depreciation, depletion and amortization:
Intrastate transportation and storage	$	185	$	184	$	169
Interstate transportation and storage	411		387		334
Midstream	1,140		1,066		1,006
NGL and refined products transportation and services	667		613		466
Crude oil transportation and services	640		437		445
Investment in Sunoco LP	189		181		167
Investment in USAC	239		231		169
All other	207		48		103
Total depreciation, depletion and amortization	$	3,678	$	3,147	$	2,859


	Years Ended December 31,
	2020		2019		2018
Equity in earnings (losses) of unconsolidated affiliates:
Intrastate transportation and storage	$	18	$	18	$	19
Interstate transportation and storage	17		222		227
Midstream	24		20		26
NGL and refined products transportation and services	60		53		64
Crude oil transportation and services	(2)		(1)		6


All other	2		(10)		2
Total equity in earnings of unconsolidated affiliates	$	119	$	302	$	344


	Years Ended December 31,
	2020		2019		2018
Segment Adjusted EBITDA:
Intrastate transportation and storage	$	863	$	999	$	927
Interstate transportation and storage	1,680		1,792		1,680
Midstream	1,670		1,602		1,627
NGL and refined products transportation and services	2,802		2,666		1,979
Crude oil transportation and services	2,258		2,898		2,385
Investment in Sunoco LP	739		665		638
Investment in USAC	414		420		289
All Other	105		98		40
Total Segment Adjusted EBITDA	10,531		11,140		9,565
Depreciation, depletion and amortization	(3,678)		(3,147)		(2,859)
Interest expense, net of interest capitalized	(2,327)		(2,331)		(2,055)
Impairment losses	(2,880)		(74)		(431)
Gains (losses) on interest rate derivatives	(203)		(241)		47
Non-cash compensation expense	(121)		(113)		(105)
Unrealized losses on commodity risk management activities	(71)		(5)		(11)
Inventory valuation adjustments	(82)		79		(85)
Losses on extinguishments of debt	(75)		(18)		(112)
Adjusted EBITDA related to unconsolidated affiliates	(628)		(626)		(655)
Equity in earnings of unconsolidated affiliates	119		302		344
Impairment of investments in unconsolidated affiliates	(129)		—		—
Adjusted EBITDA related to discontinued operations	—		—		25
Other, net	(79)		54		21
Income from continuing operations before income tax (expense) benefit	377		5,020		3,689
Income tax (expense) benefit from continuing operations	(237)		(195)		(4)
Income from continuing operations	140		4,825		3,685
Loss from discontinued operations, net of income taxes	—		—		(265)
Net income	$	140	$	4,825	$	3,420


	December 31,
	2020		2019		2018
Segment assets:
Intrastate transportation and storage	$	7,549	$	6,648	$	6,365
Interstate transportation and storage	17,730		18,111		15,081
Midstream	18,816		20,332		19,745
NGL and refined products transportation and services	21,578		19,145		18,267
Crude oil transportation and services	18,335		22,933		18,189
Investment in Sunoco LP	5,267		5,438		4,879
Investment in USAC	2,949		3,730		3,775
All other and eliminations	2,920		2,636		2,112
Total segment assets	$	95,144	$	98,973	$	88,413


	Years Ended December 31,
	2020		2019		2018
Additions to property, plant and equipment (1):
Intrastate transportation and storage	$	49	$	124	$	344
Interstate transportation and storage	150		375		812
Midstream	487		827		1,161
NGL and refined products transportation and services	2,403		2,976		2,381
Crude oil transportation and services	291		403		474
Investment in Sunoco LP	124		148		103
Investment in USAC	119		200		205
All other	136		215		150
Total additions to property, plant and equipment (1)	$	3,759	$	5,268	$	5,630

(1)Excluding acquisitions, net of contributions in aid of construction costs (capital expenditures related to the Partnership’s proportionate ownership on an accrual basis).


	December 31,
	2020		2019		2018
Investments in affiliates:
Intrastate transportation and storage	$	89	$	88	$	83
Interstate transportation and storage	2,278		2,524		2,070
Midstream	110		112		124
NGL and refined products transportation and services	509		461		243
Crude oil transportation and services	22		242		28


All other	52		33		94
Total investments in affiliates	$	3,060	$	3,460	$	2,642