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v3.25.1

EQUITY (Details) $ / shares in Units, shares in Millions, $ in Millions |  |  |  | 3 Months Ended
--- | --- | --- | --- | ---
Apr. 30, 2025 $ / shares | Feb. 04, 2025 | Jan. 31, 2025 USD ($) shares | Mar. 31, 2025 USD ($) $ / shares | Mar. 31, 2024 $ / shares
Option Indexed to Issuer's Equity [Line Items] |  |  |  |  |
Share repurchase, authorized amount |  |  |  | $ 2,000 |
Repurchase of common stock |  |  |  | $ 17 |
Common stock dividends (in dollars per share) | $ / shares |  |  |  | $ 1.03 | $ 0.99
Subsequent Event |  |  |  |  |
Option Indexed to Issuer's Equity [Line Items] |  |  |  |  |
Common stock, dividends, declared (in dollars per share) | $ / shares | $ 1.03 |  |  |  |
EnLink Acquisition |  |  |  |  |
Option Indexed to Issuer's Equity [Line Items] |  |  |  |  |
Ownership percentage in variable interest entity |  |  | 100.00% |  |
MBTC Pipeline |  |  |  |  |
Option Indexed to Issuer's Equity [Line Items] |  |  |  |  |
Ownership percentage in variable interest entity |  | 80.00% |  |  |
EnLink Acquisition |  |  |  |  |
Option Indexed to Issuer's Equity [Line Items] |  |  |  |  |
Exchange ratio per Magellan unit |  |  | 0.1412 |  |
EnLink Acquisition | Common Stock |  |  |  |  |
Option Indexed to Issuer's Equity [Line Items] |  |  |  |  |
Shares of common stock issued (in shares) | shares |  |  | 41 |  |
Equity consideration |  |  | $ 4,000 |  |

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