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EQUITY METHOD INTERESTS (Tables) | 12 Months Ended
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Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract] |
Summary of Equity Method Investment Information | The following table presents the activity in the Company’s equity method interest in Kinetik for the year ended December 31, 2022:
|  | Kinetik Holdings Inc
| (In millions)
Balance at December 31, 2021 |  | $ | — |
Initial interest upon closing the BCP Business Combination |  | 802 |
Sale of Class A shares |  | (250) |
Paid-in-kind dividend |  | 40 |
Fair value adjustments |  | 32 |
Balance at December 31, 2022 |  | $ | 624 |
|  | Interest |  |  |  | December 31, 2021
|  |  |  |  | (In millions)
Gulf Coast Express Pipeline LLC |  | 16.0 | % |  |  |  | $ | 274 |
EPIC Crude Holdings, LP |  | 15.0 | % |  |  |  | — |
Permian Highway Pipeline LLC |  | 26.7 | % |  |  |  | 630 |
Shin Oak Pipeline (Breviloba, LLC) |  | 33.0 | % |  |  |  | 461 |
Total Altus equity method interests |  |  |  |  |  | $ | 1,365 |
The following table presents the activity in Altus’ equity method interests for the years ended December 31, 2022 and 2021:
|  | Gulf Coast Express Pipeline LLC |  | EPIC Crude Holdings, LP |  | Permian Highway Pipeline LLC |  | Breviloba, LLC |  | Total
|  | (In millions)
Balance at December 31, 2020 |  | $ | 284 |  |  | $ | 176 |  |  | $ | 615 |  |  | $ | 480 |  |  | $ | 1,555 |
Capital contributions |  | — |  |  | 2 |  |  | 26 |  |  | — |  |  | 28 |
Distributions |  | (50) |  |  | — |  |  | (74) |  |  | (49) |  |  | (173) |
Equity income (loss), net |  | 40 |  |  | (19) |  |  | 63 |  |  | 30 |  |  | 114 |
Accumulated other comprehensive loss |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 1 |
Impairment(1) |  | — |  |  | (160) |  |  | — |  |  | — |  |  | (160) |
Balance at December 31, 2021 |  | 274 |  |  | — |  |  | 630 |  |  | 461 |  |  | 1,365 |
Capital contributions |  | — |  |  | 2 |  |  | — |  |  | — |  |  | 2 |
Distributions |  | (5) |  |  | — |  |  | (9) |  |  | (7) |  |  | (21) |
Equity income (loss), net |  | 8 |  |  | (2) |  |  | 10 |  |  | 5 |  |  | 21 |
Deconsolidation of Altus |  | (277) |  |  | — |  |  | (631) |  |  | (459) |  |  | (1,367) |
Balance at December 31, 2022 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
(1)Prior to the deconsolidation of Altus on February 22, 2022, the Company impaired its investment in EPIC in the fourth quarter of 2021. Refer to Note 1—Summary of Significant Accounting Policies for further details on this impairment charge.

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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