XML 35 R24.htm IDEA: XBRL DOCUMENT v3.21.2
Revenues and Accounts Receivable (Tables)
 6 Months Ended
Jun. 30, 2021
Disaggregation of Revenue [Line Items]  
Disaggregation of revenue The following tables present the reconciliation of our revenues from contracts with customers (as described above for each segment) to segment revenues and total revenues as disclosed in our Condensed Consolidated Statements of Operations (in millions):
Three Months Ended June 30, 2021TransportationFacilitiesSupply and
Logistics		Total
Revenues from contracts with customers$509 $232 $9,904 $10,645 
Other items in revenues44 12 (281)(225)
Total revenues of reportable segments$553 $244 $9,623 $10,420 
Intersegment revenues(490)
Total revenues$9,930 
Three Months Ended June 30, 2020TransportationFacilitiesSupply and
Logistics		Total
Revenues from contracts with customers$453 $264 $3,055 $3,772 
Other items in revenues4 12 (130)(114)
Total revenues of reportable segments$457 $276 $2,925 $3,658 
Intersegment revenues(433)
Total revenues$3,225 
Six Months Ended June 30, 2021TransportationFacilitiesSupply and
Logistics		Total
Revenues from contracts with customers$954 $486 $18,300 $19,740 
Other items in revenues85 29 (593)(479)
Total revenues of reportable segments$1,039 $515 $17,707 $19,261 
Intersegment revenues(948)
Total revenues$18,313 
Six Months Ended June 30, 2020TransportationFacilitiesSupply and
Logistics		Total
Revenues from contracts with customers$1,026 $569 $10,806 $12,401 
Other items in revenues10 20 28 58 
Total revenues of reportable segments$1,036 $589 $10,834 $12,459 
Intersegment revenues(965)
Total revenues$11,494 
Contract with customer, counterparty deficiencies The following table presents counterparty deficiencies associated with contracts with customers and buy/sell arrangements that include minimum volume commitments for which we had remaining performance obligations and the customers still had the ability to meet their obligations (in millions):
Counterparty DeficienciesFinancial Statement ClassificationJune 30,
2021		December 31,
2020
Billed and collectedLiability$54 $73 
Unbilled (1)
N/A21 4 
Total$75 $77 
(1)Amounts were related to deficiencies for which the counterparties had not met their contractual minimum commitments and are not reflected in our Condensed Consolidated Financial Statements as we had not yet billed or collected such amounts.
Contracts with customers, change in contract liability balance The following table presents the change in the liability balance associated with contracts with customers (in millions):
 Contract Liabilities
Balance at December 31, 2020$501 
Amounts recognized as revenue (1)
(384)
Additions22 
Balance at June 30, 2021$139 
(1)Includes approximately $361 million associated with crude oil sales agreements that were entered into in the fourth quarter of 2020 in conjunction with storage arrangements and inventory exchanges, which were settled in the first quarter of 2021.
The following is a reconciliation of trade accounts receivable from revenues from contracts with customers to total Trade accounts receivable and other receivables, net as presented on our Condensed Consolidated Balance Sheets (in millions):
June 30,
2021		December 31, 2020
Trade accounts receivable arising from revenues from contracts with customers
$3,177 $2,317 
Other trade accounts receivables and other receivables (1)
4,807 2,818 
Impact due to contractual rights of offset with counterparties(4,087)(2,582)
Trade accounts receivable and other receivables, net$3,897 $2,553 
(1)The balance is comprised primarily of accounts receivable associated with buy/sell arrangements that are not within the scope of ASC 606.
Remaining performance obligations The following table presents the amount of consideration associated with remaining performance obligations for the population of contracts with external customers meeting the presentation requirements as of June 30, 2021 (in millions):
Remainder of 202120222023202420252026 and Thereafter
Pipeline revenues supported by minimum volume commitments and capacity agreements (1)
$92 $174 $174 $151 $129 $461 
Storage, terminalling and throughput agreement revenues
139 223 155 118 57 229 
Total$231 $397 $329 $269 $186 $690 
(1)Calculated as volumes committed under contracts multiplied by the current applicable tariff rate.
Supply and Logistics  
Disaggregation of Revenue [Line Items]  
Disaggregation of revenue
The following tables present our Supply and Logistics, Transportation and Facilities segment revenues from contracts with customers disaggregated by type of activity (in millions):

Three Months Ended
June 30,		Six Months Ended
June 30,
2021202020212020
Supply and Logistics segment revenues from contracts with customers
Crude oil transactions$9,619 $2,928 $17,331 $10,251 
NGL and other transactions285 127 969 555 
Total Supply and Logistics segment revenues from contracts with customers
$9,904 $3,055 $18,300 $10,806 
Transportation  
Disaggregation of Revenue [Line Items]  
Disaggregation of revenue
Three Months Ended
June 30,		Six Months Ended
June 30,
2021202020212020
Transportation segment revenues from contracts with customers
Tariff activities:
Crude oil pipelines$462 $405 $859 $917 
NGL pipelines27 26 53 52 
Total tariff activities489 431 912 969 
Trucking20 22 42 57 
Total Transportation segment revenues from contracts with customers
$509 $453 $954 $1,026 
Facilities  
Disaggregation of Revenue [Line Items]  
Disaggregation of revenue
Three Months Ended
June 30,		Six Months Ended
June 30,
2021202020212020
Facilities segment revenues from contracts with customers
Crude oil, NGL and other terminalling and storage$154 $176 $324 $357 
NGL and natural gas processing and fractionation70 80 142 190 
Rail load / unload8 8 20 22 
Total Facilities segment revenues from contracts with customers$232 $264 $486 $569