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Consolidated Statements of Financial Position - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 56 $ 61
Accounts receivable (net of $— allowance for expected credit loss for each period end) 154 161
Deferred property taxes 31 22
Taxes receivable 15 0
Prepaid expenses and other 16 18
Total Current Assets 272 262
Investments    
Investments in equity method investees 1,762 2,200
Property    
Property, plant, and equipment 5,282 4,534
Accumulated depreciation (848) (728)
Net Property, plant, and equipment 4,434 3,806
Other Assets    
Goodwill 473 473
Long-term notes receivable — related party 4 4
Operating lease right-of-use assets 38 31
Intangible assets, net 1,968 2,025
Other 31 32
Total Other Assets 2,514 2,565
Total Assets 8,982 8,833
Current Liabilities    
Accounts payable 94 119
Short-term borrowings 165 330
Operating lease liabilities 13 16
Dividends payable 67 62
Interest payable 10 10
Property taxes payable 34 29
Accrued compensation 18 20
Contract liabilities 18 4
Other 15 24
Total Current Liabilities 434 614
Long-Term Debt, net 3,065 3,059
Other Liabilities    
Deferred income taxes 1,031 923
Operating lease liabilities 27 19
Contract liabilities 111 28
Other 34 36
Total Other Liabilities 1,203 1,006
Total Liabilities 4,702 4,679
Commitments and Contingencies (Note 12)
Stockholders' Equity    
Preferred stock ($0.01 par value, 50,000,000 shares authorized, and no shares issued or outstanding as of December 31, 2023 and 2022) 0 0
Common stock ($0.01 par value, 550,000,000 shares authorized, and 96,971,021 and 96,754,549 shares issued and outstanding as of December 31, 2023 and 2022, respectively) 1 1
Additional paid-in capital 3,485 3,469
Retained earnings 661 547
Accumulated other comprehensive income (loss) (8) (10)
Total DT Midstream Equity 4,139 4,007
Noncontrolling interests 141 147
Total Equity 4,280 4,154
Total Liabilities and Equity $ 8,982 $ 8,833