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Consolidated Statements of Financial Position - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 73 $ 56
Accounts receivable (net of $— allowance for expected credit loss for each period end) 143 154
Deferred property taxes 16 31
Taxes receivable 12 15
Prepaid expenses and other 12 16
Total Current Assets 256 272
Investments    
Investments in equity method investees 1,725 1,762
Property    
Property, plant, and equipment 5,430 5,282
Accumulated depreciation (922) (848)
Net Property, plant, and equipment 4,508 4,434
Other Assets    
Goodwill 473 473
Long-term notes receivable — related party 4 4
Operating lease right-of-use assets 51 38
Intangible assets, net 1,939 1,968
Other 30 31
Total Other Assets 2,497 2,514
Total Assets 8,986 8,982
Current Liabilities    
Accounts payable 59 94
Short-term borrowings 70 165
Operating lease liabilities 17 13
Dividends payable 71 67
Interest payable 10 10
Property taxes payable 32 34
Accrued compensation 11 18
Contract liabilities 21 18
Other 15 15
Total Current Liabilities 306 434
Long-Term Debt, net 3,068 3,065
Other Liabilities    
Deferred income taxes 1,090 1,031
Operating lease liabilities 37 27
Contract liabilities 125 111
Other 23 34
Total Other Liabilities 1,275 1,203
Total Liabilities 4,649 4,702
Commitments and Contingencies (Note 10)
Stockholders' Equity    
Preferred stock ($0.01 par value, 50,000,000 shares authorized, and no shares issued or outstanding as of June 30, 2024 and December 31, 2023) 0 0
Common stock ($0.01 par value, 550,000,000 shares authorized, and 97,111,676 and 96,971,021 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively) 1 1
Additional paid-in capital 3,494 3,485
Retained earnings 710 661
Accumulated other comprehensive income (loss) (8) (8)
Total DT Midstream Equity 4,197 4,139
Noncontrolling interests 140 141
Total Equity 4,337 4,280
Total Liabilities and Equity $ 8,986 $ 8,982