XML 111 R49.htm IDEA: XBRL DOCUMENT
v3.25.0.1

UNCONSOLIDATED AFFILIATES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of Equity Method Investments | The following table sets forth our investments in unconsolidated affiliates as of the dates indicated:
|  | Net Ownership Interest |  | Dec. 31, 2024 |  | Dec. 31, 2023 |  |
|  |  |  | (Millions of dollars)
Overland Pass |  | 50% |  | $ | 400 |  |  | $ | 402 |  |  |
Saddlehorn (a) |  | 40% |  | 373 |  |  | 288 |  |  |
Northern Border |  | 50% |  | 333 |  |  | 338 |  |  |
BridgeTex |  | 30% |  | 250 |  |  | 193 |  |  |
Matterhorn (b) |  | 15% |  | 248 |  |  | — |  |  |
MVP |  | 25% |  | 235 |  |  | 241 |  |  |
Roadrunner |  | 50% |  | 183 |  |  | 188 |  |  |
Other |  | Various |  | 294 |  |  | 224 |  |  |
Investments in unconsolidated affiliates (c) |  | $ | 2,316 |  |  | $ | 1,874 |  |  |
(a) - In March 2024, we purchased an additional 10% interest in Saddlehorn, resulting in a 40% ownership interest. (b) - As of Dec. 31, 2024, the 15% interest represents EnLink’s ownership interest in Matterhorn. (c) - Includes basis differences of $368 million and $148 million at Dec. 31, 2024 and 2023, respectively, related to property, plant and equipment and equity-method goodwill (Note A). The following table sets forth our equity in net earnings from investments for the periods indicated:
|  | Years Ended Dec. 31,
|  | 2024 |  | 2023 |  | 2022 |  |
|  | (Millions of dollars)
BridgeTex (a) |  | $ | 127 |  |  | $ | (1) |  |  | $ | — |  |  |
Northern Border |  | 95 |  |  | 75 |  |  | 71 |  |  |
Overland Pass |  | 86 |  |  | 56 |  |  | 33 |  |  |
Saddlehorn (a) |  | 50 |  |  | 10 |  |  | — |  |  |
Roadrunner |  | 40 |  |  | 43 |  |  | 37 |  |  |
MVP (a) |  | 14 |  |  | 4 |  |  | — |  |  |
Matterhorn (b) |  | 8 |  |  | — |  |  | — |  |  |
Other |  | 19 |  |  | 15 |  |  | 7 |  |  |
Equity in net earnings from investments |  | $ | 439 |  |  | $ | 202 |  |  | $ | 148 |  |  |
(a) - For the year ended Dec. 31, 2023, includes equity in net earnings from the period Sept. 25, 2023 through Dec. 31, 2023. (b) - For the year ended Dec. 31, 2024, includes equity in net earnings from the period Oct. 15, 2024 through Dec. 31, 2024.

X
- References No definition available. + Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 + Details
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration