XML 36 R15.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Property, Plant, and Equipment and Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
Property, Plant, and Equipment and Intangible Assets | PROPERTY, PLANT, AND EQUIPMENT AND INTANGIBLE ASSETS Property, Plant, and Equipment The following is a summary of Property, plant, and equipment by classification:
| Average Estimated Useful Life |  | December 31,
|  | 2023 |  | 2022
| (years) |  | (millions)
Property, plant, and equipment |  |  |  |  |
Land and other non-depreciable assets | N/A |  | $ | 96 |  |  | $ | 97 |
Rights of way and easements | 25 to 40 |  | 103 |  |  | 103 |
Pipelines and interconnects | 25 to 40 |  | 3,460 |  |  | 2,845 |
Facilities and processing plants | 7 to 40 |  | 1,234 |  |  | 998 |
Wells and well equipment | 40 to 70 |  | 70 |  |  | 70 |
General plant | 3 to 40 |  | 40 |  |  | 32 |
Construction in progress | N/A |  | 279 |  |  | 389 |
Total Property, plant, and equipment |  |  | $ | 5,282 |  |  | $ | 4,534 |
Less accumulated depreciation |  |  | (848) |  |  | (728) |
Net Property, plant, and equipment |  |  | $ | 4,434 |  |  | $ | 3,806 |
Intangible Assets The following is a summary of Intangible Assets by classification:
|  |  | December 31, 2023 |  | December 31, 2022
| Useful Lives |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
|  |  | (millions)
Intangible assets subject to amortization |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 25 - 40 years (a) |  | $ | 2,252 |  |  | $ | (289) |  |  | $ | 1,963 |  |  | $ | 2,252 |  |  | $ | (233) |  |  | $ | 2,019 |
Contract intangibles | 14 - 26 years |  | 18 |  |  | (13) |  |  | 5 |  |  | 18 |  |  | (12) |  |  | 6 |
Total |  |  | $ | 2,270 |  |  | $ | (302) |  |  | $ | 1,968 |  |  | $ | 2,270 |  |  | $ | (245) |  |  | $ | 2,025 |
_____________________________________ (a) The useful lives of the customer relationship intangible assets are based on the number of years in which the assets are expected to economically contribute to the business. The expected economic benefit incorporates existing customer contracts and expected renewal rates based on the estimated volume and production lives of natural gas resources in each region. The following table summarizes estimated customer relationships and contract intangibles amortization expense to be recognized during each year through 2028:
| 2024 |  | 2025 |  | 2026 |  | 2027 |  | 2028
| (millions)
Estimated amortization expense | $ | 57 |  |  | $ | 57 |  |  | $ | 57 |  |  | $ | 57 |  |  | $ | 57 |
Depreciation and Amortization The following is a summary of depreciation and amortization expense by asset type:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| (millions)
Property, plant, and equipment | $ | 125 |  |  | $ | 113 |  |  | $ | 108 |
Customer relationships and other intangible assets, net | 57 |  |  | 57 |  |  | 58 |
Total Depreciation and amortization | $ | 182 |  |  | $ | 170 |  |  | $ | 166 |

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for intangible assets and long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_PropertyPlantAndEquipmentAndIntangibleAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration