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Investments in Unconsolidated Entities (Tables) | 12 Months Ended
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Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract] |
Investments in and summarized financial information for entities accounted for under the equity method of accounting | Our investments in unconsolidated entities consisted of the following (in millions, except percentage data):
|  |  |  | Ownership Interest at December 31, 2021 |  | Investment Balance December 31,
Entity (1) |  | Type of Operation |  |  | 2021 |  | 2020
BridgeTex Pipeline Company, LLC (“BridgeTex”) |  | Crude Oil Pipeline |  | 20% |  | $ | 406 |  |  | $ | 421 |
Cactus II Pipeline LLC (“Cactus II”) |  | Crude Oil Pipeline |  | 65% |  | 737 |  |  | 752 |
Capline Pipeline Company LLC |  | Crude Oil Pipeline (2) |  | 54% |  | 531 |  |  | 514 |
Diamond Pipeline LLC (“Diamond”) |  | Crude Oil Pipeline |  | 50% |  | 464 |  |  | 480 |
Eagle Ford Pipeline LLC (“Eagle Ford Pipeline”) |  | Crude Oil Pipeline |  | 50% |  | 363 |  |  | 372 |
Eagle Ford Terminals Corpus Christi LLC (“Eagle Ford Terminals”) |  | Crude Oil Terminal and Dock |  | 50% |  | 120 |  |  | 122 |
OMOG JV LLC (3) |  | Crude Oil Pipeline |  | 40% |  | 102 |  |  | — |
Saddlehorn |  | Crude Oil Pipeline |  | 30% |  | 209 |  |  | 208 |
White Cliffs Pipeline, LLC |  | Crude Oil Pipeline |  | 36% |  | 171 |  |  | 192 |
Wink to Webster Pipeline LLC (“W2W Pipeline”) (4) |  | Crude Oil Pipeline (5) |  | 16% |  | 345 |  |  | 330 |
Other investments |  |  |  |  |  | 357 |  |  | 373 |
Total Investments in Unconsolidated Entities |  |  |  |  |  | $ | 3,805 |  |  | $ | 3,764 |
(1)The financial results from these entities are reported in our Crude Oil segment. (2)The Capline pipeline was out of service during 2020 and a majority of 2021 pending the reversal of the pipeline system. The pipeline reversal project was completed with interim service beginning in mid-December 2021 and full service beginning in January 2022. (3)Our ownership in this entity was acquired as part of the assets contributed by Oryx Midstream in the formation of the Permian JV in October 2021. See Note 7 for additional information. (4)Although we own less than 20% of W2W Pipeline, we use the equity method to account for the investment because we believe we have significant influence over the financial and operating decisions of the company. (5)The pipeline system was in partial service during 2021 and another phase of the pipeline construction project was completed in the first quarter of 2022. Combined summarized financial information for all of our unconsolidated entities is shown in the tables below (in millions). None of our unconsolidated entities have noncontrolling interests.
| December 31,
| 2021 |  | 2020
Current assets | $ | 509 |  |  | $ | 580 |
Noncurrent assets | $ | 8,879 |  |  | $ | 8,769 |
Current liabilities | $ | 366 |  |  | $ | 343 |
Noncurrent liabilities | $ | 15 |  |  | $ | 10 |
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
Revenues | $ | 1,320 |  |  | $ | 1,360 |  |  | $ | 1,469 |
Operating income | $ | 505 |  |  | $ | 828 |  |  | $ | 994 |
Net income | $ | 506 |  |  | $ | 826 |  |  | $ | 995 |

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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