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Reportable Segments (Tables)
12 Months Ended
Dec. 31, 2021
Financial Information By Segment
The following tables present financial information by segment:
Years Ended December 31,
202120202019
Revenues:
Intrastate transportation and storage:
Revenues from external customers$7,307 $2,312 $2,749 
Intersegment revenues1,264 232 350 
8,571 2,544 3,099 
Interstate transportation and storage:
Revenues from external customers1,802 1,841 1,941 
Intersegment revenues39 20 22 
1,841 1,861 1,963 
Midstream:
Revenues from external customers2,620 1,944 2,280 
Intersegment revenues8,696 3,082 3,751 
11,316 5,026 6,031 
NGL and refined products transportation and services:
Revenues from external customers16,989 8,501 9,920 
Intersegment revenues2,972 2,012 1,721 
19,961 10,513 11,641 
Crude oil transportation and services:
Revenues from external customers17,442 11,674 18,447 
Intersegment revenues— 
17,446 11,679 18,447 
Investment in Sunoco LP:
Revenues from external customers17,571 10,653 16,590 
Intersegment revenues25 57 
17,596 10,710 16,596 
Investment in USAC:
Revenues from external customers621 655 678 
Intersegment revenues12 12 20 
633 667 698 
All other:
Revenues from external customers3,065 1,374 1,608 
Intersegment revenues411 464 81 
3,476 1,838 1,689 
Eliminations(13,423)(5,884)(5,951)
Total revenues$67,417 $38,954 $54,213 
Years Ended December 31,
202120202019
Cost of products sold:
Intrastate transportation and storage$4,769 $1,478 $1,909 
Interstate transportation and storage11 — — 
Midstream8,569 2,598 3,577 
NGL and refined products transportation and services16,248 7,139 8,393 
Crude oil transportation and services14,759 8,838 14,832 
Investment in Sunoco LP16,246 9,654 15,380 
Investment in USAC85 82 91 
All other3,068 1,527 1,504 
Eliminations(13,360)(5,829)(5,885)
Total cost of products sold$50,395 $25,487 $39,801 
Years Ended December 31,
202120202019
Depreciation, depletion and amortization:
Intrastate transportation and storage$191 $185 $184 
Interstate transportation and storage457 411 387 
Midstream1,190 1,140 1,066 
NGL and refined products transportation and services778 667 613 
Crude oil transportation and services588 640 437 
Investment in Sunoco LP177 189 181 
Investment in USAC239 239 231 
All other197 207 48 
Total depreciation, depletion and amortization$3,817 $3,678 $3,147 
Years Ended December 31,
202120202019
Equity in earnings (losses) of unconsolidated affiliates:
Intrastate transportation and storage$20 $18 $18 
Interstate transportation and storage140 17 222 
Midstream24 24 20 
NGL and refined products transportation and services51 60 53 
Crude oil transportation and services10 (2)(1)
All other(10)
Total equity in earnings of unconsolidated affiliates$246 $119 $302 
Years Ended December 31,
202120202019
Segment Adjusted EBITDA:
Intrastate transportation and storage$3,483 $863 $999 
Interstate transportation and storage1,515 1,680 1,792 
Midstream1,868 1,670 1,602 
NGL and refined products transportation and services2,828 2,802 2,666 
Crude oil transportation and services2,023 2,258 2,898 
Investment in Sunoco LP754 739 665 
Investment in USAC398 414 420 
All Other177 105 98 
Total Segment Adjusted EBITDA13,046 10,531 11,140 
Depreciation, depletion and amortization(3,817)(3,678)(3,147)
Interest expense, net of interest capitalized(2,267)(2,327)(2,331)
Impairment losses(21)(2,880)(74)
Gains (losses) on interest rate derivatives61 (203)(241)
Non-cash compensation expense(111)(121)(113)
Unrealized gains (losses) on commodity risk management activities162 (71)(5)
Inventory valuation adjustments190 (82)79 
Losses on extinguishments of debt(38)(75)(18)
Adjusted EBITDA related to unconsolidated affiliates(523)(628)(626)
Equity in earnings of unconsolidated affiliates246 119 302 
Impairment of investments in unconsolidated affiliates— (129)— 
Other, net(57)(79)54 
Income before income tax expense6,871 377 5,020 
Income tax expense(184)(237)(195)
Net income$6,687 $140 $4,825 
December 31,
202120202019
Segment assets:
Intrastate transportation and storage$7,322 $6,308 $6,648 
Interstate transportation and storage17,774 17,582 18,111 
Midstream21,960 18,583 20,332 
NGL and refined products transportation and services28,160 21,423 19,145 
Crude oil transportation and services19,649 17,960 22,933 
Investment in Sunoco LP5,815 5,267 5,438 
Investment in USAC2,768 2,949 3,730 
All other and eliminations2,515 5,072 2,636 
Total segment assets$105,963 $95,144 $98,973 
Years Ended December 31,
202120202019
Additions to property, plant and equipment (1):
Intrastate transportation and storage$52 $49 $124 
Interstate transportation and storage159 150 375 
Midstream484 487 827 
NGL and refined products transportation and services751 2,403 2,976 
Crude oil transportation and services343 291 403 
Investment in Sunoco LP174 124 148 
Investment in USAC60 119 200 
All other135 136 215 
Total additions to property, plant and equipment (1)
$2,158 $3,759 $5,268 
(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,
202120202019
Investments in unconsolidated affiliates:
Intrastate transportation and storage$110 $89 $88 
Interstate transportation and storage2,209 2,278 2,524 
Midstream101 110 112 
NGL and refined products transportation and services476 509 461 
Crude oil transportation and services— 22 242 
All other51 52 33 
Total investments in unconsolidated affiliates$2,947 $3,060 $3,460