XML 46 R32.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Intangible Assets and Goodwill (Tables)
6 Months Ended
Jun. 30, 2024
Intangible Assets and Goodwill [Abstract]  
Intangible Assets by Segment
The following table summarizes our intangible assets by business segment at the dates indicated:

   
June 30, 2024
   
December 31, 2023
 
 
 
Gross
Value
   
Accumulated
Amortization
   
Carrying
Value
   
Gross
Value
   
Accumulated
Amortization
   
Carrying
Value
 
NGL Pipelines & Services:
                                   
Customer relationship intangibles
 
$
449
   
$
(269
)
 
$
180
   
$
449
   
$
(263
)
 
$
186
 
Contract-based intangibles
   
753
     
(125
)
   
628
     
752
     
(110
)
   
642
 
Segment total
   
1,202
     
(394
)
   
808
     
1,201
     
(373
)
   
828
 
Crude Oil Pipelines & Services:
                                               
Customer relationship intangibles
   
2,195
     
(579
)
   
1,616
     
2,195
     
(530
)
   
1,665
 
Contract-based intangibles
   
283
     
(277
)
   
6
     
283
     
(275
)
   
8
 
Segment total
   
2,478
     
(856
)
   
1,622
     
2,478
     
(805
)
   
1,673
 
Natural Gas Pipelines & Services:
                                               
Customer relationship intangibles
   
1,351
     
(644
)
   
707
     
1,351
     
(625
)
   
726
 
Contract-based intangibles
   
642
     
(216
)
   
426
     
641
     
(209
)
   
432
 
Segment total
   
1,993
     
(860
)
   
1,133
     
1,992
     
(834
)
   
1,158
 
Petrochemical & Refined Products Services:
                                               
Customer relationship intangibles
   
181
     
(88
)
   
93
     
181
     
(86
)
   
95
 
Contract-based intangibles
   
45
     
(30
)
   
15
     
45
     
(29
)
   
16
 
Segment total
   
226
     
(118
)
   
108
     
226
     
(115
)
   
111
 
Total intangible assets
 
$
5,899
   
$
(2,228
)
 
$
3,671
   
$
5,897
   
$
(2,127
)
 
$
3,770
 
Amortization Expense of Intangible Assets by Segment
The following table presents the amortization expense of our intangible assets by business segment for the periods indicated:

 
 
For the Three Months
Ended June 30,
   
For the Six Months
Ended June 30,
 
 
 
2024
   
2023
   
2024
   
2023
 
NGL Pipelines & Services
 
$
11
   
$
10
   
$
21
   
$
19
 
Crude Oil Pipelines & Services
   
26
     
25
     
51
     
48
 
Natural Gas Pipelines & Services
   
13
     
13
     
26
     
25
 
Petrochemical & Refined Products Services
   
1
     
2
     
3
     
4
 
Total
 
$
51
   
$
50
   
$
101
   
$
96
 
Forecasted Amortization Expense
The following table presents our forecast of amortization expense associated with existing intangible assets for the periods indicated:

Remainder
of 2024
   
2025
   
2026
   
2027
   
2028
 
$
107
   
$
209
   
$
203
   
$
185
   
$
181