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Intangible Assets and Goodwill (Tables)
3 Months Ended
Mar. 31, 2025
Intangible Assets and Goodwill [Abstract]  
Intangible Assets by Segment
The following table summarizes our intangible assets by business segment at the dates indicated:

   
March 31, 2025
   
December 31, 2024
 
 
 
Gross
Value
   
Accumulated
Amortization
   
Carrying
Value
   
Gross
Value
   
Accumulated
Amortization
   
Carrying
Value
 
NGL Pipelines & Services:
                                   
Customer relationship intangibles
 
$
449
   
$
(279
)
 
$
170
   
$
449
   
$
(276
)
 
$
173
 
Contract-based intangibles
   
754
     
(149
)
   
605
     
754
     
(141
)
   
613
 
Segment total
   
1,203
     
(428
)
   
775
     
1,203
     
(417
)
   
786
 
Crude Oil Pipelines & Services:
                                               
Customer relationship intangibles
   
2,195
     
(648
)
   
1,547
     
2,195
     
(627
)
   
1,568
 
Contract-based intangibles
   
283
     
(278
)
   
5
     
283
     
(278
)
   
5
 
Segment total
   
2,478
     
(926
)
   
1,552
     
2,478
     
(905
)
   
1,573
 
Natural Gas Pipelines & Services:
                                               
Customer relationship intangibles
   
1,351
     
(673
)
   
678
     
1,351
     
(663
)
   
688
 
Contract-based intangibles
   
1,081
     
(235
)
   
846
     
1,081
     
(227
)
   
854
 
Segment total
   
2,432
     
(908
)
   
1,524
     
2,432
     
(890
)
   
1,542
 
Petrochemical & Refined Products Services:
                                               
Customer relationship intangibles
   
181
     
(94
)
   
87
     
181
     
(92
)
   
89
 
Contract-based intangibles
   
45
     
(30
)
   
15
     
45
     
(30
)
   
15
 
Segment total
   
226
     
(124
)
   
102
     
226
     
(122
)
   
104
 
Total intangible assets
 
$
6,339
   
$
(2,386
)
 
$
3,953
   
$
6,339
   
$
(2,334
)
 
$
4,005
 
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 March 31,
 
 
 
2025
   
2024
 
NGL Pipelines & Services
 
$
11
   
$
10
 
Crude Oil Pipelines & Services
   
21
     
25
 
Natural Gas Pipelines & Services
   
18
     
13
 
Petrochemical & Refined Products Services
   
2
     
2
 
Total
 
$
52
   
$
50
 
Forecasted Amortization Expense
The following table presents our forecast of amortization expense associated with existing intangible assets for the periods indicated:

Remainder
of 2025
   
2026
   
2027
   
2028
   
2029
 
$
165
   
$
215
   
$
209
   
$
198
   
$
199