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Divestitures
9 Months Ended
Sep. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Divestitures
Divestitures
 
During the nine months ended September 30, 2018, we received proceeds from asset sales of $1.298 billion.

BridgeTex. During the third quarter of 2018, we sold a 30% interest in BridgeTex Pipeline Company, LLC (“BridgeTex”) for proceeds of $868 million, including working capital adjustments, and have retained a 20% interest. We recorded a gain of $210 million related to this sale, which is included in “Gain on sale of investment in unconsolidated entities” on our Condensed Consolidated Statement of Operations. We continue to account for our remaining interest under the equity method of accounting.

Other. The other assets sold during the nine months ended September 30, 2018 primarily included non-core property and equipment or are associated with the formation of strategic joint ventures and were previously reported in our Facilities and Transportation segments. We recognized losses related to these asset sales of $2 million for the three months ended September 30, 2018. For the nine months ended September 30, 2018, we recognized a net gain of $79 million, which is comprised of gains of $105 million and losses of $26 million. Such amounts are included in “Depreciation and amortization” on our Condensed Consolidated Statements of Operations.