XML 91 R74.htm IDEA: XBRL DOCUMENT v3.25.0.1
Business Segments and Related Information, Segment Reporting Information (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment revenues [Abstract]      
Total revenues $ 56,219 $ 49,715 $ 58,186
Segment expenses [Abstract]      
Cost of sales [1] 42,580 37,023 45,836
Total operating costs and expenses 49,045 43,017 51,502
Other segment income (expense) [Abstract]      
Equity in income of unconsolidated affiliates 408 462 464
Other financial information [Abstract]      
Current assets 15,133 12,248  
Other assets 997 1,222  
Total assets 77,168 70,982  
NGL Pipelines and Services [Member]      
Segment revenues [Abstract]      
Total revenues 20,276 17,645 24,259
Other segment income (expense) [Abstract]      
Equity in income of unconsolidated affiliates $ 117 $ 133 $ 149
Segment Reporting, Other Segment Item, Composition, Description NGL Pipelines & Services – Non-refundable payments received from shippers attributable to make-up rights, subsequent recognition of revenues attributable to make-up rights, and other segment expenses. NGL Pipelines & Services – Non-refundable payments received from shippers attributable to make-up rights, subsequent recognition of revenues attributable to make-up rights, and other segment expenses. NGL Pipelines & Services – Non-refundable payments received from shippers attributable to make-up rights, subsequent recognition of revenues attributable to make-up rights, and other segment expenses.
Crude Oil Pipelines & Services [Member]      
Segment revenues [Abstract]      
Total revenues $ 21,580 $ 19,336 $ 18,561
Other segment income (expense) [Abstract]      
Equity in income of unconsolidated affiliates $ 285 $ 320 $ 308
Segment Reporting, Other Segment Item, Composition, Description Crude Oil Pipelines & Services – Other segment expenses. Crude Oil Pipelines & Services – Subsequent recognition of revenues attributable to make-up rights. Crude Oil Pipelines & Services – Non-refundable payments received from shippers attributable to make-up rights, subsequent recognition of revenues attributable to make-up rights, and other segment expenses.
Natural Gas Pipelines & Services [Member]      
Segment revenues [Abstract]      
Total revenues $ 3,004 $ 3,776 $ 6,260
Other segment income (expense) [Abstract]      
Equity in income of unconsolidated affiliates $ 5 $ 6 $ 5
Segment Reporting, Other Segment Item, Composition, Description Natural Gas Pipelines & Services – Other segment expenses. Natural Gas Pipelines & Services – Other segment expenses. Natural Gas Pipelines & Services – Other segment expenses.
Petrochemical & Refined Products Services [Member]      
Segment revenues [Abstract]      
Total revenues $ 11,359 $ 8,958 $ 9,106
Other segment income (expense) [Abstract]      
Equity in income of unconsolidated affiliates $ 1 $ 3 $ 2
Segment Reporting, Other Segment Item, Composition, Description Petrochemical & Refined Products Services – Other segment expenses. Petrochemical & Refined Products Services – Other segment expenses. Petrochemical & Refined Products Services – Other segment expenses.
Nonrelated Party [Member]      
Segment revenues [Abstract]      
Total revenues $ 56,161 $ 49,654 $ 58,127
Related Party [Member]      
Segment revenues [Abstract]      
Total revenues 58 61 59
Reportable Business Segments [Member]      
Segment revenues [Abstract]      
Total revenues 185,475 171,736 189,763
Segment expenses [Abstract]      
Cost of sales 170,769 157,973 176,370
Variable operating costs and expenses [2] 1,323 1,388 1,469
Fixed operating costs and expenses [3] 3,820 3,464 3,134
Total operating costs and expenses 175,912 162,825 180,973
Other segment income (expense) [Abstract]      
Equity in income of unconsolidated affiliates 408 462 464
Other segment items 47 3 102
Total other segment income (expense), net 455 465 566
Total segment gross operating margin 10,018 9,376 9,356
Other financial information [Abstract]      
Capital expenditures 4,544 3,266 1,964
Total assets 56,900 55,267  
Reportable Business Segments [Member] | NGL Pipelines and Services [Member]      
Segment revenues [Abstract]      
Total revenues 69,098 63,135 90,019
Segment expenses [Abstract]      
Cost of sales 61,260 56,143 82,957
Variable operating costs and expenses [2] 745 741 769
Fixed operating costs and expenses [3] 1,682 1,589 1,412
Total operating costs and expenses 63,687 58,473 85,138
Other segment income (expense) [Abstract]      
Equity in income of unconsolidated affiliates 117 133 149
Other segment items 20 103 112
Total other segment income (expense), net 137 236 261
Total segment gross operating margin 5,548 4,898 5,142
Other financial information [Abstract]      
Capital expenditures 2,498 1,366 624
Total assets 21,900 21,792  
Reportable Business Segments [Member] | Crude Oil Pipelines & Services [Member]      
Segment revenues [Abstract]      
Total revenues 75,995 76,458 65,186
Segment expenses [Abstract]      
Cost of sales 74,098 74,437 63,325
Variable operating costs and expenses [2] 132 191 173
Fixed operating costs and expenses [3] 414 403 386
Total operating costs and expenses 74,644 75,031 63,884
Other segment income (expense) [Abstract]      
Equity in income of unconsolidated affiliates 285 320 308
Other segment items 10 (40) 45
Total other segment income (expense), net 295 280 353
Total segment gross operating margin 1,646 1,707 1,655
Other financial information [Abstract]      
Capital expenditures 161 119 84
Total assets 11,390 11,822  
Reportable Business Segments [Member] | Natural Gas Pipelines & Services [Member]      
Segment revenues [Abstract]      
Total revenues 3,671 4,303 7,148
Segment expenses [Abstract]      
Cost of sales 1,656 2,583 5,532
Variable operating costs and expenses [2] 73 59 54
Fixed operating costs and expenses [3] 676 595 532
Total operating costs and expenses 2,405 3,237 6,118
Other segment income (expense) [Abstract]      
Equity in income of unconsolidated affiliates 5 6 5
Other segment items 6 5 7
Total other segment income (expense), net 11 11 12
Total segment gross operating margin 1,277 1,077 1,042
Other financial information [Abstract]      
Capital expenditures 932 793 344
Total assets 12,260 11,210  
Reportable Business Segments [Member] | Petrochemical & Refined Products Services [Member]      
Segment revenues [Abstract]      
Total revenues 36,711 27,840 27,410
Segment expenses [Abstract]      
Cost of sales 33,755 24,810 24,556
Variable operating costs and expenses [2] 373 397 473
Fixed operating costs and expenses [3] 1,048 877 804
Total operating costs and expenses 35,176 26,084 25,833
Other segment income (expense) [Abstract]      
Equity in income of unconsolidated affiliates 1 3 2
Other segment items 11 (65) (62)
Total other segment income (expense), net 12 (62) (60)
Total segment gross operating margin 1,547 1,694 1,517
Other financial information [Abstract]      
Capital expenditures 953 988 912
Total assets 11,350 10,443  
Reportable Business Segments [Member] | Nonrelated Party [Member]      
Segment revenues [Abstract]      
Total revenues 56,161 49,654 58,127
Reportable Business Segments [Member] | Nonrelated Party [Member] | NGL Pipelines and Services [Member]      
Segment revenues [Abstract]      
Total revenues 20,264 17,635 24,244
Reportable Business Segments [Member] | Nonrelated Party [Member] | Crude Oil Pipelines & Services [Member]      
Segment revenues [Abstract]      
Total revenues 21,546 19,300 18,548
Reportable Business Segments [Member] | Nonrelated Party [Member] | Natural Gas Pipelines & Services [Member]      
Segment revenues [Abstract]      
Total revenues 2,992 3,761 6,229
Reportable Business Segments [Member] | Nonrelated Party [Member] | Petrochemical & Refined Products Services [Member]      
Segment revenues [Abstract]      
Total revenues 11,359 8,958 9,106
Reportable Business Segments [Member] | Related Party [Member]      
Segment revenues [Abstract]      
Total revenues 58 61 59
Reportable Business Segments [Member] | Related Party [Member] | NGL Pipelines and Services [Member]      
Segment revenues [Abstract]      
Total revenues 12 10 15
Reportable Business Segments [Member] | Related Party [Member] | Crude Oil Pipelines & Services [Member]      
Segment revenues [Abstract]      
Total revenues 34 36 13
Reportable Business Segments [Member] | Related Party [Member] | Natural Gas Pipelines & Services [Member]      
Segment revenues [Abstract]      
Total revenues 12 15 31
Reportable Business Segments [Member] | Related Party [Member] | Petrochemical & Refined Products Services [Member]      
Segment revenues [Abstract]      
Total revenues 0 0 0
Eliminations [Member]      
Segment revenues [Abstract]      
Total revenues (129,256) (122,021) (131,577)
Eliminations [Member] | NGL Pipelines and Services [Member]      
Segment revenues [Abstract]      
Total revenues (48,822) (45,490) (65,760)
Eliminations [Member] | Crude Oil Pipelines & Services [Member]      
Segment revenues [Abstract]      
Total revenues (54,415) (57,122) (46,625)
Eliminations [Member] | Natural Gas Pipelines & Services [Member]      
Segment revenues [Abstract]      
Total revenues (667) (527) (888)
Eliminations [Member] | Petrochemical & Refined Products Services [Member]      
Segment revenues [Abstract]      
Total revenues (25,352) (18,882) $ (18,304)
Segment Reporting, Reconciling Item, Corporate Nonsegment [Member]      
Other financial information [Abstract]      
Construction in progress 4,138 2,245  
Current assets 15,133 12,248  
Other assets $ 997 $ 1,222  
[1] Cost of sales is a component of “Operating costs and expenses,” as presented on our Statements of Consolidated Operations.  Fluctuations in these amounts are primarily due to changes in energy commodity prices and sales volumes associated with our marketing activities.
[2] Variable operating costs and expenses represent the cost of operating our plants, pipelines and other fixed assets that generally fluctuate based on utilization. 
[3] Fixed operating costs and expenses represent the cost of operating our plants, pipelines and other fixed assets that generally remain constant independent of utilization.