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Revenues and Accounts Receivable (Tables)
9 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
Revenues from Contracts with Customers. The following tables present our revenues from contracts with customers disaggregated by segment and type of activity (in millions):

Three Months Ended
September 30,
Nine Months Ended
September 30,
2023202220232022
Crude Oil segment revenues from contracts with customers
Sales$11,525 $13,362 $33,843 $41,796 
Transportation333 185 839 515 
Terminalling, Storage and Other99 90 284 270 
Total Crude Oil segment revenues from contracts with customers$11,957 $13,637 $34,966 $42,581 

Three Months Ended
September 30,
Nine Months Ended
September 30,
2023202220232022
NGL segment revenues from contracts with customers
Sales$283 $417 $1,168 $1,761 
Transportation23 23 
Terminalling, Storage and Other23 21 74 66 
Total NGL segment revenues from contracts with customers$313 $445 $1,265 $1,850 
The following tables present the reconciliation of our revenues from contracts with customers to total revenues of reportable segments and total revenues as disclosed in our Condensed Consolidated Statements of Operations (in millions):
Three Months Ended September 30, 2023Crude OilNGLTotal
Revenues from contracts with customers$11,957 $313 $12,270 
Other revenues(23)(71)(94)
Total revenues of reportable segments$11,934 $242 $12,176 
Intersegment revenues elimination(105)
Total revenues$12,071 
Three Months Ended September 30, 2022Crude OilNGLTotal
Revenues from contracts with customers$13,637 $445 $14,082 
Other revenues38 325 363 
Total revenues of reportable segments$13,675 $770 $14,445 
Intersegment revenues elimination(109)
Total revenues$14,336 
Nine Months Ended September 30, 2023Crude OilNGLTotal
Revenues from contracts with customers$34,966 $1,265 $36,231 
Other items in revenues22 47 69 
Total revenues of reportable segments$34,988 $1,312 $36,300 
Intersegment revenues(286)
Total revenues$36,014 
Nine Months Ended September 30, 2022Crude OilNGLTotal
Revenues from contracts with customers$42,581 $1,850 $44,431 
Other items in revenues113 225 338 
Total revenues of reportable segments$42,694 $2,075 $44,769 
Intersegment revenues(379)
Total revenues$44,390 
Schedule of 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 ClassificationSeptember 30,
2023
December 31,
2022
Billed and collectedOther current liabilities$80 $104 
Unbilled (1)
N/A
Total$81 $105 
(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.
Schedule of 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 September 30, 2023 (in millions):
Remainder of 202320242025202620272028 and Thereafter
Pipeline revenues supported by minimum volume commitments and capacity agreements (1)
$89 $357 $319 $148 $103 $266 
Terminalling, storage and other agreement revenues69 220 137 107 95 747 
Total$158 $577 $456 $255 $198 $1,013 
(1)Calculated as volumes committed under contracts multiplied by the current applicable tariff rate.
Schedule of Contracts with customers, change in asset and liability balance The following table presents the changes in the liability balance associated with contracts with customers (in millions):
 Contract Liabilities
Balance at December 31, 2022$229 
Amounts recognized as revenue(40)
Additions45 
Balance at September 30, 2023$234 
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):
September 30,
2023
December 31,
2022
Trade accounts receivable arising from revenues from contracts with customers
$4,449 $4,141 
Other trade accounts receivables and other receivables (1)
8,278 7,216 
Impact due to contractual rights of offset with counterparties(8,474)(7,450)
Trade accounts receivable and other receivables, net$4,253 $3,907 
(1)The balance is comprised primarily of accounts receivable associated with buy/sell arrangements that are not within the scope of ASC 606.