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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Intangible Assets, net Goodwill Goodwill balances and activity for the years ended December 31, 2024 and 2023 consisted of the following:
| Segment |  |
| Fuel Distribution |  | Pipeline Systems |  | Terminals |  | Consolidated
|  |  | (in millions)
Balance at December 31, 2022 | $ | 1,364 |  |  | $ | — |  |  | $ | 237 |  |  | $ | 1,601 |
Other adjustments | (2) |  |  | — |  |  | — |  |  | (2) |
Balance at December 31, 2023 | 1,362 |  |  | — |  |  | 237 |  |  | 1,599 |
West Texas sale | (138) |  |  | — |  |  | — |  |  | (138) |
NuStar acquisition | 16 |  |  | — |  |  | — |  |  | 16 |
Balance at December 31, 2024 | $ | 1,240 |  |  | $ | — |  |  | $ | 237 |  |  | $ | 1,477 |
During the fourth quarters of 2024, 2023 and 2022, we used qualitative factors to determine whether it was more likely than not (likelihood of more than 50%) that the fair value of a reporting unit exceeded its carrying amount. No goodwill impairment was identified for the reporting units as a result of these tests. Intangible Assets, net Gross carrying amounts and accumulated amortization for each major class of intangible assets, excluding goodwill, consisted of the following:
| December 31, 2024 |  | December 31, 2023
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value
Indefinite-lived |  |  |  |  |  |  |  |  |  |  |
Tradenames | $ | 302 |  |  | $ | — |  |  | $ | 302 |  |  | $ | 302 |  |  | $ | — |  |  | $ | 302 |
Liquor licenses | — |  |  | — |  |  | — |  |  | 12 |  |  | — |  |  | 12 |
Finite-lived |  |  |  |  |  |  |  |  |  |  |
Customer relations including supply agreements | 721 |  |  | 477 |  |  | 244 |  |  | 669 |  |  | 440 |  |  | 229 |
Other intangibles | 8 |  |  | 7 |  |  | 1 |  |  | 8 |  |  | 7 |  |  | 1 |
Intangible assets, net | $ | 1,031 |  |  | $ | 484 |  |  | $ | 547 |  |  | $ | 991 |  |  | $ | 447 |  |  | $ | 544 |
During the fourth quarters of 2024, 2023 and 2022, we performed the annual impairment tests on our indefinite-lived intangible assets. No impairments were recorded in 2024, 2023 and 2022. Total amortization expense on finite-lived intangibles included in depreciation, amortization and accretion was $37 million, $44 million and $48 million for the years ended December 31, 2024, 2023 and 2022, respectively. Customer relations and supply agreements have a remaining weighted average life of approximately 10 years. As of December 31, 2024, the Partnership’s estimate of amortization for each of the five succeeding fiscal years and thereafter for finite-lived intangibles was as follows:
| Amortization
2025 | $ | 28 |
2026 | 28 |
2027 | 28 |
2028 | 28 |
2029 | 23 |
Thereafter | 110 |
Total | $ | 245 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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