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Leases (Tables)
9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Schedule of Right of Use Asset and Lease Liability Balances for Operating and Finance Leases
The following tables summarize the right-of-use (“ROU”) asset and lease liability balances for the Company’s operating and finance leases at September 30, 2024 and December 31, 2023:
September 30, 2024December 31, 2023
(in millions)Operating LeasesFinance LeasesOperating LeasesFinance Leases
ROU assets, net
Pipelines and storage$8 $15 $12 $17 
Railcars14  12 — 
Real estate and other33 12 29 14 
Lease liability
Pipelines and storage8 25 12 28 
Railcars14  12 — 
Real estate and other30 14 25 16 
Schedule of Lease Expense, Lease Terms, and Discount Rates For the three and nine months ended September 30, 2024 and 2023, we recognized lease expense comprised of the following components:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in millions)2024202320242023
Operating lease expense$5 $$14 $13 
Finance lease expense:
Amortization of ROU asset1 4 
Interest expense on lease liability1 3 
Short-term lease expense3 9