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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Measurements [Abstract]

Fair Value, by Balance Sheet Grouping [Table Text Block]

The following tables summarize the gross fair value of our financial assets and liabilities measured and recorded at fair value on a recurring basis as of June 30, 2021 and December 31, 2020 based on inputs used to derive their fair values:

									Fair Value Measurements at June 30, 2021
			Fair Value Total						Level 1						Level 2
Assets:
Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX			$	10					$	10					$	—
Swing Swaps IFERC			4						4						—
Fixed Swaps/Futures			2						2						—
Forward Physical Contracts			7						—						7
Power:
Forwards			33						—						33
Futures			4						4						—
NGLs – Forwards/Swaps			208						208						—
Refined Products – Futures			4						4						—
Crude – Forwards/Swaps			101						101						—
Total commodity derivatives			373						333						40
Other non-current assets			37						24						13
Total assets			$	410					$	357					$	53
Liabilities:
Interest rate derivatives			$	(378)					$	—					$	(378)
Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX			(7)						(7)						—
Swing Swaps IFERC			(1)						(1)						—
Fixed Swaps/Futures			(20)						(20)						—
Forward Physical Contracts			(1)						—						(1)
Power:
Forwards			(21)						—						(21)
Futures			(12)						(12)						—
NGLs – Forwards/Swaps			(225)						(225)						—
Refined Products – Futures			(2)						(2)						—
Crude – Forwards/Swaps			(98)						(98)						—
Total commodity derivatives			(387)						(365)						(22)
Total liabilities			$	(765)					$	(365)					$	(400)

									Fair Value Measurements at December 31, 2020
			Fair Value Total						Level 1						Level 2
Assets:
Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX			$	12					$	12					$	—
Swing Swaps IFERC			1						—						1
Fixed Swaps/Futures			13						13						—
Forward Physical Contracts			5						—						5
Power:
Forwards			4						—						4
Futures			2						2						—
Options – Calls			1						1						—
NGLs – Forwards/Swaps			127						127						—
Refined Products – Futures			3						3						—
Total commodity derivatives			168						158						10
Other non-current assets			34						22						12
Total assets			$	202					$	180					$	22
Liabilities:
Interest rate derivatives			$	(448)					$	—					$	(448)
Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX			(11)						(11)						—
Swing Swaps IFERC			(3)						—						(3)
Fixed Swaps/Futures			(13)						(13)						—
Forward Physical Contracts			(1)						—						(1)
Power:
Futures			(3)						(3)						—
NGLs – Forwards/Swaps			(227)						(227)						—
Refined Products – Futures			(11)						(11)						—
Total commodity derivatives			(269)						(265)						(4)
Total liabilities			$	(717)					$	(265)					$	(452)

X

- Definition

Fair value measurements abstract.

+ References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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