XML 51 R28.htm IDEA: XBRL DOCUMENT v3.22.4
Estimates, Significant Accounting Policies and Balance Sheet Detail (Tables)
 12 Months Ended
Dec. 31, 2022
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,
 202220212020
Accounts receivable$(863)$(3,356)$1,163 
Accounts receivable from related companies23 38 (290)
Inventories(361)(19)(271)
Other current assets(326)(216)172 
Other non-current assets, net146 1 (7)
Accounts payable25 3,834 (1,327)
Accounts payable to related companies6 (34)367 
Accrued and other current liabilities131 238 163 
Other non-current liabilities66 117 8 
Derivative assets and liabilities, net(349)(88)69 
Net change in operating assets and liabilities, net of effects of acquisitions$(1,502)$515 $47 
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,
 202220212020
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Accrued capital expenditures$575 $464 $604 
Units issued in connection with the Enable Acquisition(1)
— 3,509 — 
Lease assets obtained in exchange for new lease liabilities42 18 42 
Acquisition of interest in unconsolidated affiliate— 49 — 
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest, net of interest capitalized$2,167 $2,188 $2,092 
Cash paid for income taxes (net of refunds)54 41 (64)
(1)See Note 3 for additional information.
Schedule of Inventory
The Partnership’s inventories consisted of the following:
 December 31,
 20222021
Natural gas, NGLs and refined products$1,802 $1,259 
Crude oil246 328 
Spare parts and other413 427 
Total inventories$2,461 $2,014 
Other Current Assets
Other current assets consisted of the following:
 December 31,
 20222021
Deposits paid to vendors$334 $215 
Prepaid expenses and other392 222 
Total other current assets$726 $437 
Property, Plant and Equipment
Components and useful lives of property, plant and equipment were as follows:
 December 31,
 20222021
Land and improvements$1,427 $1,369 
Buildings and improvements (1 to 45 years)3,546 4,598 
Pipelines and equipment (5 to 83 years)82,353 77,112 
Product storage and related facilities (2 to 83 years)7,274 7,410 
Right of way (20 to 83 years)6,252 5,021 
Other (1 to 48 years)2,739 2,816 
Construction work-in-process
2,405 5,665 
105,996 103,991 
Less – Accumulated depreciation and depletion(25,685)(22,384)
Property, plant and equipment, net$80,311 $81,607 
Schedule Of Property, Plant And Equipment Depreciation And Capitalized Interest Expense
We recognized the following amounts for the periods presented:
 Years Ended December 31,
 202220212020
Depreciation, depletion and amortization expense$3,774 $3,465 $3,275 
Capitalized interest112 135 189 
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,
20222021
Crude pipeline linefill and tank bottoms$489 $498 
Regulatory assets55 42 
Pension assets129 140 
Deferred charges140 177 
Restricted funds121 164 
Other624 624 
Total other non-current assets, net$1,558 $1,645 
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, 2022December 31, 2021
Gross Carrying
Amount		Accumulated
Amortization		Gross Carrying
Amount		Accumulated
Amortization
Amortizable intangible assets:
Customer relationships, contracts and agreements (3 to 46 years)$7,884 $(2,807)$7,982 $(2,464)
Patents (10 years)48 (48)48 (44)
Trade names (20 years)66 (41)66 (38)
Other (5 to 20 years)12 (13)19 (20)
Total amortizable intangible assets8,010 (2,909)8,115 (2,566)
Non-amortizable intangible assets:
Trademarks302 — 295 — 
Other12 — 12 — 
Total non-amortizable intangible assets314 — 307 — 
Total intangible assets$8,324 $(2,909)$8,422 $(2,566)
Aggregate Amortization Expense Of Intangibles And Other Assets
Aggregate amortization expense of intangible assets was as follows:
Years Ended December 31,
202220212020
Reported in depreciation, depletion and amortization expense$390 $352 $403 
Estimated Aggregate Amortization Expense
Estimated aggregate amortization of intangible assets for the next five years is as follows:
Years Ending December 31: 
2023$357 
2024344 
2025331 
2026327 
2027309 
Schedule of Goodwill
Changes in the carrying amount of goodwill were as follows:
Intrastate
Transportation
and Storage		Interstate
Transportation and Storage		MidstreamNGL and Refined Products Transportation and ServicesCrude Oil Transportation and ServicesInvestment in Sunoco LPInvestment in USACAll OtherTotal
Balance, December 31, 2020$— $— $— $693 $52 $1,564 $— $82 $2,391 
Acquired
— — — — 138 4 — — 142 
Balance, December 31, 2021— — — 693 190 1,568 — 82 2,533 
Acquired— — — — — 33 — — 33 
Balance, December 31, 2022$— $— $— $693 $190 $1,601 $— $82 $2,566 
Accrued and Other Current Liabilities
Accrued and other current liabilities consisted of the following:
 December 31,
 20222021
Interest payable$559 $561 
Customer advances and deposits222 188 
Accrued capital expenditures565 461 
Accrued wages and benefits376 297 
Taxes payable other than income taxes519 384 
Exchanges payable224 155 
Deferred revenue268 158 
Other596 867 
Total accrued and other current liabilities$3,329 $3,071 
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, 2022 and 2021 based on inputs used to derive their fair values:
Fair Value TotalFair Value Measurements at December 31, 2022
Level 1Level 2
Assets:
Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX$60 $60 $— 
Swing Swaps IFERC75 75 — 
Fixed Swaps/Futures113 113 — 
Forward Physical Contracts10 — 10 
Power:
Forwards52 — 52 
Futures3 3 — 
NGLs – Forwards/Swaps317 317 — 
Refined Products – Futures20 20 — 
Crude – Forwards/Swaps38 38 — 
Total commodity derivatives688 626 62 
Other non-current assets27 18 9 
Total assets$715 $644 $71 
Liabilities:
Interest rate derivatives$(23)$— $(23)
Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX(25)(25)— 
Swing Swaps IFERC(12)(12)— 
Fixed Swaps/Futures(4)(4)— 
Forward Physical Contracts(2)— (2)
Power:
Forwards(51)— (51)
Futures(3)(3)— 
NGLs – Forwards/Swaps(358)(358)— 
Refined Products – Futures(59)(59)— 
Crude – Forwards/Swaps(12)(12)— 
Total commodity derivatives(526)(473)(53)
Total liabilities$(549)$(473)$(76)
Fair Value TotalFair Value Measurements at December 31, 2021
Level 1Level 2
Assets:
Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX$7 $7 $— 
Swing Swaps IFERC38 38 — 
Fixed Swaps/Futures26 26 — 
Forward Physical Contracts7 — 7 
Power:
Forwards17 — 17 
Futures6 6 — 
NGLs – Forwards/Swaps152 152 — 
Refined Products – Futures3 3 — 
Crude - Forwards/Swaps16 16 — 
Total commodity derivatives272 248 24 
Other non-current assets39 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)