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Derivative Assets And Liabilities (Tables)

12 Months Ended

Dec. 31, 2022

General Discussion of Derivative Instruments and Hedging Activities [Abstract]

Offsetting Assets [Table Text Block]

												Asset Derivatives												Liability Derivatives
						Balance Sheet Location						December 31, 2022						December 31, 2021						December 31, 2022						December 31, 2021
Derivatives without offsetting agreements						Derivative liabilities						$	—					$	—					$	(23)					$	(387)
Derivatives in offsetting agreements:
OTC contracts						Derivative assets (liabilities)						95						53						(108)						(52)
Broker cleared derivative contracts						Other current assets (liabilities)						593						219						(418)						(159)
												688						272						(549)						(598)
Offsetting agreements:
Counterparty netting						Derivative assets (liabilities)						(85)						(43)						85						43
Counterparty netting						Other current assets (liabilities)						(359)						(150)						359						150
Total net derivatives												$	244					$	79					$	(105)					$	(405)

Outstanding Commodity-Related Derivatives

The following table details our outstanding commodity-related derivatives:

			December 31, 2022												December 31, 2021
			Notional Volume						Maturity						Notional Volume						Maturity
Mark-to-Market Derivatives
(Trading)
Natural Gas (BBtu):
Fixed Swaps/Futures			145						2023						585						2022-2023
Basis Swaps IFERC/NYMEX(1)			(39,563)						2023						(66,665)						2022
Power (Megawatt):
Forwards			—						2023-2029						653,000						2023-2029
Futures			(21,384)						2023						(604,920)						2022-2023
Options – Puts			119,200						2023						(7,859)						2022
Options – Calls			—						—						(30,932)						2022
(Non-Trading)
Natural Gas (BBtu):
Basis Swaps IFERC/NYMEX			42,440						2023-2024						6,738						2022-2023
Swing Swaps IFERC			(202,815)						2023-2024						(106,333)						2022-2023
Fixed Swaps/Futures			(15,758)						2023-2025						(63,898)						2022-2023
Forward Physical Contracts			2,423						2023-2024						(5,950)						2023
NGL (MBbls) – Forwards/Swaps			6,934						2023-2025						8,493						2022-2024
Crude (MBbls) – Forwards/Swaps			795						2023-2024						3,672						2022-2023
Refined Products (MBbls) – Futures			(3,547)						2023-2024						(3,349)						2022-2023
Fair Value Hedging Derivatives
(Non-Trading)
Natural Gas (BBtu):
Basis Swaps IFERC/NYMEX			(37,448)						2023						(40,533)						2022
Fixed Swaps/Futures			(37,448)						2023						(40,533)						2022
Hedged Item – Inventory			37,448						2023						40,533						2022

(1)Includes aggregate amounts for open positions related to Houston Ship Channel, Waha Hub, NGPL TexOk, West Louisiana Zone and Henry Hub locations.

Interest Rate Swaps Outstanding

The following table summarizes our interest rate swaps outstanding, none of which were designated as hedges for accounting purposes:

Term						Type(1)						Notional Amount Outstanding
												December 31, 2022						December 31, 2021
July 2022 (2)						Forward-starting to pay a fixed rate of 3.80% and receive a floating rate						$	—					$	400
July 2023 (2)(3)						Forward-starting to pay a fixed rate of 3.845% and receive a floating rate						—						200
July 2024 (2)						Forward-starting to pay a fixed rate of 3.512% and receive a floating rate						400						200

(1)Floating rates are based on either SOFR or three-month LIBOR.

(2)Represents the effective date. These forward-starting swaps have terms of 30 years with a mandatory termination date the same as the effective date.

(3) This interest rate swap was terminated and settled in 2022.

Fair Value Of Derivative Instruments

The following table provides a summary of our derivative assets and liabilities:

			Fair Value of Derivative Instruments
			Asset Derivatives												Liability Derivatives
			December 31, 2022						December 31, 2021						December 31, 2022						December 31, 2021
Derivatives designated as hedging instruments:
Commodity derivatives (margin deposits)			$	87					$	46					$	(7)					$	(3)
			87						46						(7)						(3)
Derivatives not designated as hedging instruments:
Commodity derivatives (margin deposits)			506						173						(411)						(156)
Commodity derivatives			95						53						(108)						(52)
Interest rate derivatives			—						—						(23)						(387)
			601						226						(542)						(595)
Total derivatives			$	688					$	272					$	(549)					$	(598)

Derivatives Not Designated as Hedging Instruments [Table Text Block]

			Location of Gain (Loss) Recognized in Income on Derivatives						Amount of Gain (Loss) Recognized in Income on Derivatives
									Years Ended December 31,
									2022						2021						2020
Derivatives not designated as hedging instruments:
Commodity derivatives – Trading			Cost of products sold						$	83					$	(6)					$	8
Commodity derivatives – Non-trading			Cost of products sold						41						(141)						(34)
Interest rate derivatives			Gains (losses) on interest rate derivatives						293						61						(203)
Total									$	417					$	(86)					$	(229)

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