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Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Schedule of Components of Property and Equipment, Net

Property and equipment, net is stated at cost and consisted of the following (in millions):

			Estimated Useful Lives (Years)						December 31,
									2024						2023
Crude oil pipeline systems			10 - 50						$	14,621					$	14,265
Crude oil storage and terminal facilities			10 - 50						2,679						2,664
NGL storage, terminal, fractionation and processing facilities			10 - 50						2,412						2,554
NGL pipeline systems			10 - 50						491						506
Office property and equipment and rolling stock			2 - 50						464						556
Construction in progress			N/A						297						257
Land and other			N/A						336						341
Property and equipment, gross (1)									21,300						21,143
Accumulated depreciation									(5,876)						(5,361)
Property and equipment, net									$	15,424					$	15,782

(1)We include rights-of-way, which are intangible assets, within property and equipment.

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- References

No definition available.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-1

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