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Discontinued Operations (Tables)
9 Months Ended
Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations
The following table summarizes the carrying amounts of major classes of assets and liabilities of discontinued operations (in millions):

September 30,
2025
December 31,
2024
Assets:
Current assets:
Trade accounts receivable and other receivables, net
$165 $222 
Inventory223 178 
Other current assets46 15 
Total current assets of discontinued operations
$434 $415 
Long-term assets:
Property and equipment, net (1)
$2,125 $1,978 
Linefill69 64 
Long-term operating lease right-of-use assets, net134 143 
Long-term inventory38 38 
Other long-term assets, net113 126 
Total long-term assets of discontinued operations
$2,479 $2,349 
Liabilities:
Current liabilities:
Trade accounts payable
$193 $234 
Other current liabilities90 116 
Total current liabilities of discontinued operations
$283 $350 
Long-term liabilities:
Long-term operating lease liabilities$101 $121 
Other long-term liabilities and deferred credits496 455 
Total long-term liabilities of discontinued operations
$597 $576 
(1)Amounts are net of accumulated depreciation of $866 million and $794 million as of September 30, 2025 and December 31, 2024, respectively.
The following table provides a reconciliation of the line items comprising pretax income from discontinued operations to income from discontinued operations, net of tax (in millions):

Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Revenues:
Product sales
$139 $261 $818 $715 
Services
37 26 102 102 
Total revenues
176 287 920 817 
Cost and Expenses:
Purchases and related costs
(7)17 245 247 
Field operating costs68 75 190 229 
General and administrative expenses10 12 36 41 
Depreciation and amortization
— 31 57 94 
(Gains)/losses on asset sales, net
15 (1)
Total costs and expenses
73 136 543 610 
Income from discontinued operations before tax103 151 377 207 
Current income tax expense
(7)(16)(61)(71)
Deferred income tax (expense)/benefit
(20)(21)(35)20 
Income from discontinued operations, net of tax$76 $114 $281 $156