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Reportable Segments
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Reportable Segments REPORTABLE SEGMENTS
Our reportable segments, which conduct their business primarily in the United States, are as follows:
•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 and gathering, transportation and other fees.
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. Inventory adjustments that are excluded from the calculation of Adjusted EBITDA represent only the changes in lower of cost or market reserves on inventory that is carried at LIFO. These amounts are unrealized valuation adjustments applied to Sunoco LP’s fuel volumes remaining in inventory at the end of the period.
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
September 30,		Nine Months Ended
September 30,
2021202020212020
Revenues:
Intrastate transportation and storage:
Revenues from external customers
$1,112 $614 $5,940 $1,615 
Intersegment revenues
105 40 1,126 148 
1,217 654 7,066 1,763 
Interstate transportation and storage:
Revenues from external customers
412 466 1,317 1,365 
Intersegment revenues
6 5 33 15 
418 471 1,350 1,380 
Midstream:
Revenues from external customers
560 585 1,709 1,477 
Intersegment revenues
2,359 792 6,081 2,088 
2,919 1,377 7,790 3,565 
NGL and refined products transportation and services:
Revenues from external customers
4,499 2,207 11,726 5,991 
Intersegment revenues
763 416 2,048 1,466 
5,262 2,623 13,774 7,457 
Crude oil transportation and services:
Revenues from external customers
4,577 2,849 12,497 8,873 
Intersegment revenues
1 1 1 4 
4,578 2,850 12,498 8,877 
Investment in Sunoco LP:
Revenues from external customers
4,772 2,801 12,626 8,104 
Intersegment revenues
7 4 16 53 
4,779 2,805 12,642 8,157 
Investment in USAC:
Revenues from external customers
156 158 464 500 
Intersegment revenues
3 3 9 9 
159 161 473 509 
All other:
Revenues from external customers
576 275 2,481 995 
Intersegment revenues
120 92 303 377 
696 367 2,784 1,372 
Eliminations
(3,364)(1,353)(9,617)(4,160)
Total revenues
$16,664 $9,955 $48,760 $28,920 
Three Months Ended
September 30,		Nine Months Ended
September 30,
2021202020212020
Segment Adjusted EBITDA:
Intrastate transportation and storage
$172 $203 $3,209 $630 
Interstate transportation and storage
334 425 1,118 1,232 
Midstream
556 530 1,321 1,280 
NGL and refined products transportation and services
706 762 2,089 2,099 
Crude oil transportation and services
496 631 1,490 1,741 
Investment in Sunoco LP
198 189 556 580 
Investment in USAC
99 104 299 315 
All other
18 22 153 62 
Adjusted EBITDA (consolidated)
2,579 2,866 10,235 7,939 
Depreciation, depletion and amortization
(943)(912)(2,837)(2,715)
Interest expense, net of interest capitalized
(558)(569)(1,713)(1,750)
Impairment losses— (1,474)(11)(2,803)
Gains (losses) on interest rate derivatives1 55 72 (277)
Non-cash compensation expense
(26)(30)(81)(93)
Unrealized gains (losses) on commodity risk management activities(19)(30)74 (27)
Inventory valuation adjustments (Sunoco LP)9 11 168 (126)
Losses on extinguishments of debt
— — (8)(62)
Adjusted EBITDA related to unconsolidated affiliates
(141)(169)(400)(480)
Equity in earnings (losses) of unconsolidated affiliates71 (32)191 46 
Impairment of investment in an unconsolidated affiliate
— (129)— (129)
Other, net
11 53 — (48)
Income (loss) before income tax expense984 (360)5,690 (525)
Income tax expense(77)(41)(234)(168)
Net income (loss)$907 $(401)$5,456 $(693)