XML 117 R63.htm IDEA: XBRL DOCUMENT v3.24.0.1
DEBT - Narrative (Details)
$ in Millions
 1 Months Ended 12 Months Ended
Sep. 25, 2023
USD ($)
Aug. 31, 2023
USD ($)
Jun. 30, 2023
USD ($)
Rate
Feb. 28, 2023
USD ($)
Rate
Dec. 31, 2023
USD ($)
extension
Rate
Dec. 31, 2022
USD ($)
Rate
Dec. 31, 2021
USD ($)
Rate
Sep. 30, 2023
USD ($)
Mar. 31, 2023
USD ($)
Debt Instrument [Line Items]                  
Repayments of long-term debt         $ 1,300 $ 896 $ 605    
Repurchased face amount             55    
Repayments of certain senior notes             55    
Senior Notes                  
Debt Instrument [Line Items]                  
Extinguishment of debt         322        
Repayments of long-term debt         280        
Gain (loss) on extinguishment of debt         41        
Magellan Acquisition                  
Debt Instrument [Line Items]                  
Proceeds from issuance of senior debt $ 5,250                
Extinguishment of debt 5,250                
Gain (loss) on extinguishment of debt         41        
Magellan Acquisition | Senior Notes                  
Debt Instrument [Line Items]                  
Debt instrument, face amount $ 5,250                
Proceeds from issuance of senior debt   $ 5,200              
$2.5 Billion Credit Agreement                  
Debt Instrument [Line Items]                  
Maximum borrowing capacity         $ 2,500     $ 2,500  
Leverage ratio, indebtedness to adjusted EBITDA               5.5  
Decrease to indebtedness to adjusted EBITDA         5.0        
Line of credit facility, sublimit         $ 100        
Line of credit facility, swingline sub facility         200        
Option to increase borrowing capacity         $ 1,000        
Variable rate applicable margin         0.0010        
Annual facility fee         0.15%        
Number of extensions | extension         2        
Term of extension (in years)         1 year        
Current indebtedness to adjusted EBITDA         3.6        
$2.5 Billion Credit Agreement | Secured Overnight Financing Rate                  
Debt Instrument [Line Items]                  
Applicable margin         1.10%        
Notes Payable due 2026 | Viking Pipeline                  
Debt Instrument [Line Items]                  
Variable rate applicable margin         0.0010        
Notes Payable due 2026 | Variable Rate | Viking Pipeline                  
Debt Instrument [Line Items]                  
Debt instrument, face amount         $ 60        
Notes Payable due 2026 | Secured Overnight Financing Rate | Viking Pipeline                  
Debt Instrument [Line Items]                  
Applicable margin         1.25%        
Notes Payable due 2026 | Unsecured Debt | Viking Pipeline                  
Debt Instrument [Line Items]                  
Debt instrument, face amount                 $ 60
Notes Payable due 2025 | Variable Rate | Guardian Pipeline                  
Debt Instrument [Line Items]                  
Debt instrument, face amount         $ 120        
Notes Payable due 2025 | Unsecured Debt | Guardian Pipeline                  
Debt Instrument [Line Items]                  
Variable rate applicable margin           0.0010      
Debt instrument, face amount           $ 120      
Notes Payable due 2025 | Unsecured Debt | Secured Overnight Financing Rate | Guardian Pipeline                  
Debt Instrument [Line Items]                  
Applicable margin           1.125%      
$750 at 5.55% due November 2026 | Senior Notes                  
Debt Instrument [Line Items]                  
Debt instrument, face amount         $ 750        
Interest rate         5.55%        
$750 at 5.65% due November 2028 | Senior Notes                  
Debt Instrument [Line Items]                  
Debt instrument, face amount         $ 750        
Interest rate         5.65%        
$500 at 5.8% due November 2030 | Senior Notes                  
Debt Instrument [Line Items]                  
Debt instrument, face amount         $ 500        
Interest rate         5.80%        
$1,500 at 6.05% due September 2033                  
Debt Instrument [Line Items]                  
Debt instrument, face amount         $ 1,500        
$1,500 at 6.05% due September 2033 | Senior Notes                  
Debt Instrument [Line Items]                  
Debt instrument, face amount         $ 1,500        
Interest rate         6.05%        
$1,750 at 6.625% due September 2053 | Senior Notes                  
Debt Instrument [Line Items]                  
Debt instrument, face amount         $ 1,750        
Interest rate         6.625%        
$750 at 6.1% due November 2032                  
Debt Instrument [Line Items]                  
Debt instrument, face amount         $ 750 $ 750      
Interest rate | Rate         6.10% 6.10%      
Proceeds from debt, net of issuance costs           $ 742      
$500 at 7.5% due September 2023                  
Debt Instrument [Line Items]                  
Debt instrument, face amount         $ 500        
Interest rate | Rate     7.50%   7.50%        
Repayments of long-term debt     $ 500            
Debt instrument, redemption price (as a percent)     100.00%            
$425 at 5.0% due September 2023                  
Debt Instrument [Line Items]                  
Debt instrument, face amount         $ 425        
Interest rate | Rate       5.00% 5.00%        
Repayments of long-term debt       $ 425          
Debt instrument, redemption price (as a percent)       100.00%          
3.375% Notes Payable due 2022                  
Debt Instrument [Line Items]                  
Interest rate | Rate           3.375%      
Repayments of long-term debt           $ 896      
Debt instrument, redemption price (as a percent)           100.00%      
4.25% Notes Payable due 2022                  
Debt Instrument [Line Items]                  
Debt instrument, face amount             $ 700    
Interest rate | Rate             4.25%    
Repayments of long-term debt             $ 536    
Debt instrument, redemption price (as a percent)             100.00%    
Notes Payables 1 due 2022 | Guardian Pipeline                  
Debt Instrument [Line Items]                  
Repayments of long-term debt             $ 12