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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2023

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 September 30, 2023 and December 31, 2022 based on inputs used to derive their fair values:

									Fair Value Measurements at September 30, 2023
			Fair Value Total						Level 1						Level 2
Assets:
Interest rate derivatives			$	14					$	—					$	14
Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX			$	3					$	3					$	—
Swing Swaps IFERC			4						4						—
Fixed Swaps/Futures			28						28						—
Forward Physical Contracts			3						—						3
Power:
Forwards			46						—						46
Futures			6						6						—
NGLs – Forwards/Swaps			256						256						—
Refined Products – Futures			27						27						—
Crude – Forwards/Swaps			32						32						—
Total commodity derivatives			405						356						49
Other non-current assets			28						18						10
Total assets			$	447					$	374					$	73
Liabilities:
Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX			$	(10)					$	(10)					$	—
Swing Swaps IFERC			(5)						(5)						—
Fixed Swaps/Futures			(2)						(2)						—
Power:
Forwards			(45)						—						(45)
Futures			(5)						(5)						—
NGLs – Forwards/Swaps			(306)						(306)						—
Refined Products – Futures			(35)						(35)						—
Crude – Forwards/Swaps			(41)						(41)						—
Total commodity derivatives			(449)						(404)						(45)
Total liabilities			$	(449)					$	(404)					$	(45)

									Fair Value Measurements at December 31, 2022
			Fair Value Total						Level 1						Level 2
Assets:
Commodity derivatives:
Natural Gas:
Basis Swaps IFERC/NYMEX			$	60					$	60					$	—
Swing Swaps IFERC			75						75						—
Fixed Swaps/Futures			113						113						—
Forward Physical Contracts			10						—						10
Power:
Forwards			52						—						52
Futures			3						3						—
NGLs – Forwards/Swaps			317						317						—
Refined Products – Futures			20						20						—
Crude – Forwards/Swaps			38						38						—
Total commodity derivatives			688						626						62
Other non-current assets			27						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)

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
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-11

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