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Reportable Segments
 12 Months Ended
Dec. 31, 2022
Reportable Segments [Abstract]  
Reportable Segments REPORTABLE SEGMENTS:
Our reportable segments currently reflect the following segments, which conduct their business primarily in the United States:
•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 reflected in crude sales and gathering, transportation and other fees. 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.
We report Segment Adjusted EBITDA as a measure of segment performance. We define Segment 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. Segment 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:
Years Ended December 31,
202220212020
Revenues:
Intrastate transportation and storage:
Revenues from external customers$6,954 $7,307 $2,312 
Intersegment revenues864 1,264 232 
7,818 8,571 2,544 
Interstate transportation and storage:
Revenues from external customers2,185 1,802 1,841 
Intersegment revenues66 39 20 
2,251 1,841 1,861 
Midstream:
Revenues from external customers4,114 2,620 1,944 
Intersegment revenues12,987 8,696 3,082 
17,101 11,316 5,026 
NGL and refined products transportation and services:
Revenues from external customers21,414 16,989 8,501 
Intersegment revenues4,243 2,972 2,012 
25,657 19,961 10,513 
Crude oil transportation and services:
Revenues from external customers25,980 17,442 11,674 
Intersegment revenues2 4 5 
25,982 17,446 11,679 
Investment in Sunoco LP:
Revenues from external customers25,677 17,571 10,653 
Intersegment revenues52 25 57 
25,729 17,596 10,710 
Investment in USAC:
Revenues from external customers689 621 655 
Intersegment revenues16 12 12 
705 633 667 
All other:
Revenues from external customers2,863 3,065 1,374 
Intersegment revenues711 411 464 
3,574 3,476 1,838 
Eliminations(18,941)(13,423)(5,884)
Total revenues$89,876 $67,417 $38,954 
Years Ended December 31,
202220212020
Cost of products sold:
Intrastate transportation and storage$6,000 $4,769 $1,478 
Interstate transportation and storage25 11 — 
Midstream12,682 8,569 2,598 
NGL and refined products transportation and services21,656 16,248 7,139 
Crude oil transportation and services22,917 14,759 8,838 
Investment in Sunoco LP24,350 16,246 9,654 
Investment in USAC111 85 82 
All other3,328 3,068 1,527 
Eliminations(18,837)(13,360)(5,829)
Total cost of products sold$72,232 $50,395 $25,487 
Years Ended December 31,
202220212020
Depreciation, depletion and amortization:
Intrastate transportation and storage$209 $191 $185 
Interstate transportation and storage513 457 411 
Midstream1,351 1,190 1,140 
NGL and refined products transportation and services865 778 667 
Crude oil transportation and services663 588 640 
Investment in Sunoco LP193 177 189 
Investment in USAC237 239 239 
All other133 197 207 
Total depreciation, depletion and amortization$4,164 $3,817 $3,678 
Years Ended December 31,
202220212020
Equity in earnings (losses) of unconsolidated affiliates:
Intrastate transportation and storage$17 $20 $18 
Interstate transportation and storage175 140 17 
Midstream19 24 24 
NGL and refined products transportation and services42 51 60 
Crude oil transportation and services— 10 (2)
All other4 1 2 
Total equity in earnings of unconsolidated affiliates$257 $246 $119 
Years Ended December 31,
202220212020
Segment Adjusted EBITDA:
Intrastate transportation and storage$1,396 $3,483 $863 
Interstate transportation and storage1,753 1,515 1,680 
Midstream3,210 1,868 1,670 
NGL and refined products transportation and services3,025 2,828 2,802 
Crude oil transportation and services2,187 2,023 2,258 
Investment in Sunoco LP919 754 739 
Investment in USAC426 398 414 
All Other177 177 105 
Adjusted EBITDA (consolidated)$13,093 $13,046 $10,531 
Years Ended December 31,
202220212020
Reconciliation of net income to Adjusted EBITDA:
Net income$5,868 $6,687 $140 
Depreciation, depletion and amortization4,164 3,817 3,678 
Interest expense, net of interest capitalized2,306 2,267 2,327 
Income tax expense204 184 237 
Impairment losses and other386 21 2,880 
(Gains) losses on interest rate derivatives(293)(61)203 
Non-cash compensation expense115 111 121 
Unrealized (gains) losses on commodity risk management activities(42)(162)71 
Inventory valuation adjustments(5)(190)82 
Losses on extinguishments of debt— 38 75 
Adjusted EBITDA related to unconsolidated affiliates565 523 628 
Equity in earnings of unconsolidated affiliates(257)(246)(119)
Impairment of investments in unconsolidated affiliates— — 129 
Other, net82 57 79 
Adjusted EBITDA (consolidated)$13,093 $13,046 $10,531 
December 31,
202220212020
Segment assets:
Intrastate transportation and storage$6,609 $7,322 $6,308 
Interstate transportation and storage17,979 17,774 17,582 
Midstream21,851 21,960 18,583 
NGL and refined products transportation and services27,903 28,160 21,423 
Crude oil transportation and services19,200 19,649 17,960 
Investment in Sunoco LP6,830 5,815 5,267 
Investment in USAC2,666 2,768 2,949 
All other and eliminations2,605 2,515 5,072 
Total segment assets$105,643 $105,963 $95,144 
Years Ended December 31,
202220212020
Additions to property, plant and equipment (1):
Intrastate transportation and storage$179 $52 $49 
Interstate transportation and storage644 159 150 
Midstream1,004 484 487 
NGL and refined products transportation and services507 751 2,403 
Crude oil transportation and services246 343 291 
Investment in Sunoco LP186 174 124 
Investment in USAC169 60 119 
All other91 135 136 
Total additions to property, plant and equipment (1)
$3,026 $2,158 $3,759 
(1)Amounts are presented on the accrual basis, net of contributions in aid of constructions costs. Amounts exclude acquisitions and include only the Partnership’s proportionate share of capital expenditures related to joint ventures.
December 31,
202220212020
Investments in unconsolidated affiliates:
Intrastate transportation and storage$139 $110 $89 
Interstate transportation and storage2,201 2,209 2,278 
Midstream54 101 110 
NGL and refined products transportation and services446 476 509 
Crude oil transportation and services— — 22 
All other53 51 52 
Total investments in unconsolidated affiliates$2,893 $2,947 $3,060