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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

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 March 31, 2022 and December 31, 2021 based on inputs used to derive their fair values:

									Fair Value Measurements at March 31, 2022
			Fair Value Total						Level 1						Level 2
Assets:
Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX			$	4					$	4					$	—
Swing Swaps IFERC			2						2						—
Fixed Swaps/Futures			2						2						—
Forward Physical Contracts			7						—						7
Power:
Forwards			52						—						52
Futures			9						9						—
NGLs – Forwards/Swaps			383						383						—
Refined Products – Futures			23						23						—
Crude – Forwards/Swaps			20						20						—
Total commodity derivatives			502						443						59
Other non-current assets			37						24						13
Total assets			$	539					$	467					$	72
Liabilities:
Interest rate derivatives			$	(273)					$	—					$	(273)
Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX			(3)						(3)						—
Swing Swaps IFERC			(8)						(8)						—
Fixed Swaps/Futures			(64)						(64)						—
Power:
Forwards			(37)						—						(37)
Futures			(19)						(19)						—
Options – Calls			(1)						(1)						—
NGLs – Forwards/Swaps			(359)						(359)						—
Refined Products – Futures			(1)						(1)						—
Crude – Forwards/Swaps			(19)						(19)						—
Total commodity derivatives			(511)						(474)						(37)
Total liabilities			$	(784)					$	(474)					$	(310)

									Fair Value Measurements at December 31, 2021
			Fair Value Total						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)

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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