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v3.25.1

ACQUISITIONS - Narrative (Details) shares in Millions, $ in Millions |  | 3 Months Ended
--- | --- | ---
Jan. 31, 2025 USD ($) shares | Mar. 31, 2025 USD ($) | Mar. 31, 2024 USD ($)
Business Acquisition [Line Items] |  |  |
Transaction costs |  | $ 42 | $ 3
EnLink Acquisition |  |  |
Business Acquisition [Line Items] |  |  |
Exchange ratio per Magellan unit | 0.1412 |  |
Noncontrolling interests in consolidated subsidiaries | $ 4,378 |  |
Transaction costs |  | 42 |
EnLink Acquisition | Advisory Fees and Severance |  |  |
Business Acquisition [Line Items] |  |  |
Transaction costs |  | 31 |
EnLink Acquisition | Noncash Compensation Expense |  |  |
Business Acquisition [Line Items] |  |  |
Transaction costs |  | $ 11 |
EnLink Acquisition | Common Stock |  |  |
Business Acquisition [Line Items] |  |  |
Shares of common stock issued (in shares) | shares | 41 |  |
Equity consideration | $ 4,000 |  |

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- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 25 -Paragraph 23 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479405/805-10-25-23 + Details
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