Equity Method Investments

3 Months Ended

Mar. 31, 2020

Equity Method Investments and Joint Ventures [Abstract]

Equity method investments are assessed for impairment whenever charges in the facts and circumstances indicate a loss in value may have occurred. When a loss is deemed to have occurred that is other than temporary, the carrying value of the equity method investment is written down to fair value. The continued decline in commodity prices resulting from demand contraction related to the global pandemic could affect the investment value of our equity method investees and result in an other than temporary impairment.

During the periods ended March 31, 2020 and December 31, 2019 our equity method investees were considered related parties and included:


•	EGHoldings, in which we have a 60% noncontrolling interest. EGHoldings is engaged in LNG production activity.

•Alba Plant LLC, in which we have a 52% noncontrolling interest. Alba Plant LLC processes LPG.


•	AMPCO, in which we have a 45% noncontrolling interest. AMPCO is engaged in methanol production activity.

Our equity method investments are summarized in the following table:



(In millions)	Ownership as of March 31, 2020	March 31, 2020		December 31, 2019
EGHoldings	60%	$	294	$	310
Alba Plant LLC	52%	162		163
AMPCO	45%	172		190
Total		$	628	$	663

Summarized financial information for equity method investees is as follows:



	Three Months Ended March 31,
(In millions)	2020			2019
Income data:
Revenues and other income	$	172		$	220
Income from operations	(30		)	49
Net income	(26		)	32