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Estimates, Significant Accounting Policies and Balance Sheet Detail (Tables) | 12 Months Ended
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Dec. 31, 2021
Accounting Policies [Abstract] |
Schedule Of Net Changes In Operating Assets And Liabilities Included Cash Flows From Operating Activities | The net change in operating assets and liabilities (net of effects of acquisitions) included in cash flows from operating activities is comprised as follows:
| Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Accounts receivable | $ | (3,356) |  |  | $ | 1,163 |  |  | $ | (473) |
Accounts receivable from related companies | 38 |  |  | (290) |  |  | (69) |
Inventories | (19) |  |  | (271) |  |  | (19) |
Other current assets | (216) |  |  | 172 |  |  | 117 |
Other non-current assets, net | 1 |  |  | (7) |  |  | (102) |
Accounts payable | 3,834 |  |  | (1,327) |  |  | 146 |
Accounts payable to related companies | (34) |  |  | 367 |  |  | (32) |
Accrued and other current liabilities | 238 |  |  | 163 |  |  | (44) |
Other non-current liabilities | 117 |  |  | 8 |  |  | (133) |
Derivative assets and liabilities, net | (88) |  |  | 69 |  |  | 218 |
Net change in operating assets and liabilities, net of effects of acquisitions | $ | 515 |  |  | $ | 47 |  |  | $ | (391) |
Schedule Of Non-Cash Investing And Financing Activities | Non-cash investing and financing activities and supplemental cash flow information are as follows:
| Years Ended December 31,
| 2021 |  | 2020 |  | 2019
NON-CASH INVESTING ACTIVITIES: |  |  |  |  |
Accrued capital expenditures | $ | 464 |  |  | $ | 604 |  |  | $ | 1,334 |
Units issued in connection with the Enable Acquisition(1) | 3,509 |  |  | — |  |  | — |
Lease assets obtained in exchange for new lease liabilities | 18 |  |  | 42 |  |  | 68 |
Acquisition of interest in unconsolidated affiliate | 49 |  |  | — |  |  | — |
SUPPLEMENTAL CASH FLOW INFORMATION: |  |  |  |  |
Cash paid for interest, net of interest capitalized | $ | 2,188 |  |  | $ | 2,092 |  |  | $ | 1,932 |
Cash paid for income taxes (net of refunds) | 41 |  |  | (64) |  |  | 31 |
(1)See Note 3 for additional information.
Schedule of Inventory | The Partnership’s inventories consisted of the following:
| December 31,
| 2021 |  | 2020
Natural gas, NGLs and refined products | $ | 1,259 |  |  | $ | 1,013 |
Crude oil | 328 |  |  | 287 |
Spare parts and other | 427 |  |  | 439 |
Total inventories | $ | 2,014 |  |  | $ | 1,739 |
Other Current Assets | Other current assets consisted of the following:
| December 31,
| 2021 |  | 2020
Deposits paid to vendors | $ | 215 |  |  | $ | 75 |
Prepaid expenses and other | 222 |  |  | 138 |
Total other current assets | $ | 437 |  |  | $ | 213 |
Property, Plant and Equipment | Components and useful lives of property, plant and equipment were as follows:
| December 31,
| 2021 |  | 2020
Land and improvements | $ | 1,369 |  |  | $ | 1,233 |
Buildings and improvements (1 to 45 years) | 4,598 |  |  | 4,236 |
Pipelines and equipment (5 to 83 years) | 77,112 |  |  | 69,120 |
Product storage and related facilities (2 to 83 years) | 7,410 |  |  | 6,393 |
Right of way (20 to 83 years) | 5,021 |  |  | 5,099 |
Other (1 to 48 years) | 2,816 |  |  | 2,263 |
Construction work-in-process | 5,665 |  |  | 5,771 |
| 103,991 |  |  | 94,115 |
Less – Accumulated depreciation and depletion | (22,384) |  |  | (19,008) |
Property, plant and equipment, net | $ | 81,607 |  |  | $ | 75,107 |
Schedule Of Property, Plant And Equipment Depreciation And Capitalized Interest Expense | We recognized the following amounts for the periods presented:
| Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Depreciation, depletion and amortization expense | $ | 3,465 |  |  | $ | 3,275 |  |  | $ | 2,839 |
Capitalized interest | 135 |  |  | 189 |  |  | 166 |
Schedule of Other Non-Current Assets, net | Other non-current assets, net are stated at cost less accumulated amortization. Other non-current assets, net consisted of the following:
| December 31,
| 2021 |  | 2020
Crude pipeline linefill and tank bottoms | $ | 498 |  |  | $ | 517 |
Regulatory assets | 42 |  |  | 41 |
Pension assets | 140 |  |  | 103 |
Deferred charges | 177 |  |  | 188 |
Restricted funds | 164 |  |  | 179 |
Other | 624 |  |  | 629 |
Total other non-current assets, net | $ | 1,645 |  |  | $ | 1,657 |
Restricted funds include an immaterial amount of restricted cash primarily held in our wholly-owned captive insurance companies.
Components And Useful Lives Of Intangibles And Other Assets | Components and useful lives of intangible assets were as follows:
| December 31, 2021 |  | December 31, 2020
| Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Amortizable intangible assets: |  |  |  |  |  |  |
Customer relationships, contracts and agreements (3 to 46 years) | $ | 7,982 |  |  | $ | (2,464) |  |  | $ | 7,513 |  |  | $ | (2,117) |
Patents (10 years) | 48 |  |  | (44) |  |  | 48 |  |  | (40) |
Trade names (20 years) | 66 |  |  | (38) |  |  | 66 |  |  | (35) |
Other (5 to 20 years) | 19 |  |  | (20) |  |  | 19 |  |  | (15) |
Total amortizable intangible assets | 8,115 |  |  | (2,566) |  |  | 7,646 |  |  | (2,207) |
Non-amortizable intangible assets: |  |  |  |  |  |  |
Trademarks | 295 |  |  | — |  |  | 295 |  |  | — |
Other | 12 |  |  | — |  |  | 12 |  |  | — |
Total non-amortizable intangible assets | 307 |  |  | — |  |  | 307 |  |  | — |
Total intangible assets | $ | 8,422 |  |  | $ | (2,566) |  |  | $ | 7,953 |  |  | $ | (2,207) |
Aggregate Amortization Expense Of Intangibles And Other Assets | Aggregate amortization expense of intangible assets was as follows:
| Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Reported in depreciation, depletion and amortization expense | $ | 352 |  |  | $ | 403 |  |  | $ | 308 |
Estimated Aggregate Amortization Expense | Estimated aggregate amortization of intangible assets for the next five years is as follows:
Years Ending December 31: |
2022 | $ | 379 |
2023 | 362 |
2024 | 348 |
2025 | 335 |
2026 | 331 |
Schedule of Goodwill | Changes in the carrying amount of goodwill were 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 |  | All Other |  | Total
Balance, December 31, 2019 | $ | 10 |  |  | $ | 226 |  |  | $ | 483 |  |  | $ | 693 |  |  | $ | 1,397 |  |  | $ | 1,555 |  |  | $ | 619 |  |  | $ | 184 |  |  | $ | 5,167 |
Acquired | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 9 |  |  | — |  |  | — |  |  | 9 |
Impaired | (10) |  |  | (226) |  |  | (483) |  |  | — |  |  | (1,279) |  |  | — |  |  | (619) |  |  | (198) |  |  | (2,815) |
Other | — |  |  | — |  |  | — |  |  | — |  |  | (66) |  |  | — |  |  | — |  |  | 96 |  |  | 30 |
Balance, December 31, 2020 | — |  |  | — |  |  | — |  |  | 693 |  |  | 52 |  |  | 1,564 |  |  | — |  |  | 82 |  |  | 2,391 |
Acquired | — |  |  | — |  |  | — |  |  | — |  |  | 138 |  |  | 4 |  |  | — |  |  | — |  |  | 142 |
Balance, December 31, 2021 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 693 |  |  | $ | 190 |  |  | $ | 1,568 |  |  | $ | — |  |  | $ | 82 |  |  | $ | 2,533 |
Accrued and Other Current Liabilities | Accrued and other current liabilities consisted of the following:
| December 31,
| 2021 |  | 2020
Interest payable | $ | 561 |  |  | $ | 600 |
Customer advances and deposits | 188 |  |  | 161 |
Accrued capital expenditures | 461 |  |  | 604 |
Accrued wages and benefits | 297 |  |  | 109 |
Taxes payable other than income taxes | 384 |  |  | 446 |
Exchanges payable | 155 |  |  | 127 |
Deferred revenue | 158 |  |  | 112 |
Other | 867 |  |  | 616 |
Total accrued and other current liabilities | $ | 3,071 |  |  | $ | 2,775 |
Schedule of Derivative Assets at Fair Value | The following tables summarize the fair value of our financial assets and liabilities measured and recorded at fair value on a recurring basis as of December 31, 2021 and 2020 based on inputs used to derive their fair values:
| Fair Value Total |  | Fair Value Measurements at December 31, 2021
| Level 1 |  | Level 2
Assets: |  |  |  |  |
Commodity derivatives: |  |  |  |  |
Natural Gas: |  |  |  |  |
Basis Swaps IFERC/NYMEX | $ | 7 |  |  | $ | 7 |  |  | $ | — |
Swing Swaps IFERC | 38 |  |  | 38 |  |  | — |
Fixed Swaps/Futures | 26 |  |  | 26 |  |  | — |
Forward Physical Contracts | 7 |  |  | — |  |  | 7 |
Power: |  |  |  |  |
Forwards | 17 |  |  | — |  |  | 17 |
Futures | 6 |  |  | 6 |  |  | — |
NGLs – Forwards/Swaps | 152 |  |  | 152 |  |  | — |
Refined Products – Futures | 3 |  |  | 3 |  |  | — |
Crude – Forwards/Swaps | 16 |  |  | 16 |  |  | — |
Total commodity derivatives | 272 |  |  | 248 |  |  | 24 |
Other non-current assets | 39 |  |  | 26 |  |  | 13 |
Total assets | $ | 311 |  |  | $ | 274 |  |  | $ | 37 |
Liabilities: |  |  |  |  |
Interest rate derivatives | $ | (387) |  |  | $ | — |  |  | $ | (387) |
Commodity derivatives: |  |  |  |  |
Natural Gas: |  |  |  |  |
Basis Swaps IFERC/NYMEX | (10) |  |  | (10) |  |  | — |
Swing Swaps IFERC | (6) |  |  | (6) |  |  | — |
Fixed Swaps/Futures | (9) |  |  | (9) |  |  | — |
Forward Physical Contracts | (6) |  |  | — |  |  | (6) |
Power: |  |  |  |  |
Forwards | (15) |  |  | — |  |  | (15) |
Futures | (4) |  |  | (4) |  |  | — |
NGLs – Forwards/Swaps | (140) |  |  | (140) |  |  | — |
Refined Products – Futures | (18) |  |  | (18) |  |  | — |
Crude – Forwards/Swaps | (3) |  |  | (3) |  |  | — |
Total commodity derivatives | (211) |  |  | (190) |  |  | (21) |
Total liabilities | $ | (598) |  |  | $ | (190) |  |  | $ | (408) |
| Fair Value Total |  | Fair Value Measurements at December 31, 2020
| 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: |  |  |  |  |
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) |

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