Equity Method Investments

3 Months Ended

Mar. 31, 2022

Equity Method Investments and Joint Ventures [Abstract]

During the periods ended March 31, 2022 and December 31, 2021 our equity method investees were considered related parties. Our investment in our equity method investees are summarized in the following table:


(In millions)	Ownership as of March 31, 2022	March 31, 2022		December 31, 2021
EGHoldings (a)	56%	$	203	$	148
Alba Plant LLC (b)	52%	179		154
AMPCO (c)	45%	140		148
Total		$	522	$	450

(a)EGHoldings is engaged in LNG production activity.

(b)Alba Plant LLC processes LPG.

(c)AMPCO is engaged in methanol production activity.

Summarized financial information for equity method investees is as follows:


	Three Months Ended March 31,
(In millions)	2022		2021
Income data:
Revenues and other income	$	374	$	235
Income (loss) from operations	229		96
Net income (loss)	$	204	$	72

Revenues from related parties were $8 million for both the three months ended March 31, 2022 and 2021, with the majority related to EGHoldings in both periods.

Cash received from equity investees is classified as dividends or return of capital on the Consolidated Statements of Cash Flows. Dividends from equity method investees are reflected in the Operating activities section in Equity Method Investments, net while return of capital is reflected in the Investing activities section. Dividends and return of capital received by us totaled $54 million and $31 million for the three months ended March 31, 2022 and 2021, respectively.

Current receivables from related parties at March 31, 2022 and December 31, 2021 were $20 million and $23 million, respectively, with the majority related to EGHoldings in both periods. Payables to related parties at March 31, 2022 were $6 million, with the majority related to EGHoldings and $20 million at December 31, 2021, with the majority related to Alba Plant LLC.