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Fair Value Measurements (Tables)

9 Months Ended

Sep. 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 September 30, 2021 and December 31, 2020 based on inputs used to derive their fair values:

									Fair Value Measurements at September 30, 2021
			Fair Value Total						Level 1						Level 2
Assets:
Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX			$	14					$	14					$	—
Swing Swaps IFERC			11						11						—
Fixed Swaps/Futures			4						4						—
Forward Physical Contracts			4						—						4
Power:
Forwards			36						—						36
Futures			4						4						—
Options – Calls			1						1						—
NGLs – Forwards/Swaps			384						384						—
Refined Products – Futures			7						7						—
Crude – Forwards/Swaps			569						569						—
Total commodity derivatives			1,034						994						40
Other non-current assets			37						24						13
Total assets			$	1,071					$	1,018					$	53
Liabilities:
Interest rate derivatives			$	(376)					$	—					$	(376)
Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX			(5)						(5)						—
Swing Swaps IFERC			(7)						(7)						—
Fixed Swaps/Futures			(78)						(78)						—
Forward Physical Contracts			(1)						—						(1)
Power:
Forwards			(21)						—						(21)
Futures			(11)						(11)						—
Options – Calls			(2)						(2)						—
NGLs – Forwards/Swaps			(364)						(364)						—
Refined Products – Futures			(10)						(10)						—
Crude – Forwards/Swaps			(582)						(582)						—
Total commodity derivatives			(1,081)						(1,059)						(22)
Total liabilities			$	(1,457)					$	(1,059)					$	(398)

									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.

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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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