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Acquisitions and Other Transactions (Tables)
 9 Months Ended
Sep. 30, 2025
Business Combination [Line Items]  
Disposal Groups, Including Discontinued Operations
The following table presents the carrying value of assets and liabilities as presented within assets and liabilities held for sale on our Consolidated Balance Sheets as of September 30, 2025:
(In millions)September 30,
2025
Assets
Receivables, less allowance for expected credit loss$28 
Inventories25 
Equity method investments123 
Property, plant and equipment, net of accumulated depreciation of $340
788 
Intangibles, net of accumulated amortization of $178
68 
Right of use assets, net2 
Total assets classified as held for sale1,034 
Liabilities
Accounts payable20 
Accrued liabilities7 
Operating lease liabilities1 
Other current liabilities19 
Long-term deferred revenue182 
Other long-term liabilities1 
Total liabilities classified as held for sale$230 
Northwind Midstream  
Business Combination [Line Items]  
Business Combination, Recognized Asset Acquired and Liability Assumed The following table reflects our preliminary allocation of the $2.4 billion purchase price to the Northwind Midstream assets and liabilities:
(In millions)August 29,
2025
Assets acquired:
Cash and cash equivalents$17 
Receivables11 
Other current assets1 
Property, plant and equipment1,182 
Intangibles951 
Other noncurrent assets2 
Total assets acquired2,164 
Liabilities assumed:
Accounts payable15 
Accrued property, plant and equipment84 
Accrued liabilities6 
Other current liabilities1 
Long-term operating lease liabilities1 
Total liabilities assumed107 
Total identifiable net assets2,057 
Goodwill356 
Fair value of net assets acquired$2,413 
BANGL, LLC  
Business Combination [Line Items]  
Business Combination, Recognized Asset Acquired and Liability Assumed The following table reflects our preliminary determination of the fair value of the BANGL assets and liabilities:
(In millions)July 1,
2025
Assets acquired:
Cash and cash equivalents$18 
Other current assets4 
Property, plant and equipment1,550 
Intangibles77 
Other noncurrent assets22 
Total assets acquired1,671 
Liabilities assumed:
Long-term debt due within one year46 
Other current liabilities42 
Long-term debt610 
Other long-term liabilities1 
Total liabilities assumed699 
Total identifiable net assets972 
Goodwill731 
Fair value of net assets acquired$1,703 
Schedule of Business Combination, Consideration
The following table summarizes the purchase price consideration in connection with the BANGL Acquisition:
Total cash paid$703 
Fair value of contingent consideration as of acquisition date234 
Total consideration937 
Fair value of previously held equity interest766 
Fair value of net assets acquired$1,703