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Business Segments and Related Information (Details)
$ in Millions
3 Months Ended
Mar. 31, 2025
USD ($)
Segment
Mar. 31, 2024
USD ($)
Business Segments [Abstract]    
Number of reportable segments | Segment 4  
Total segment gross operating margin $ 2,464 $ 2,507
Adjustments to reconcile total segment gross operating margin to income before income taxes (addition or subtraction indicated by sign):    
Depreciation, amortization and accretion expense in operating costs and expenses [1] (602) (582)
Asset impairment charges in operating costs and expenses (10) (20)
Net gains attributable to asset sales and related matters in operating costs and expenses 2 0
General and administrative costs (60) (66)
Non-refundable payments received from shippers attributable to make-up rights [2] (37) (25)
Subsequent recognition of revenues attributable to make-up rights [3] 4 8
Total other expense, net [4] (331) (318)
Income before income taxes $ 1,430 $ 1,504
[1] Excludes amortization of major maintenance costs for reaction-based plants and amortization of finance lease right-of-use (“ROU”) assets, which are components of gross operating margin.
[2] Since make-up rights entail a future performance obligation by the pipeline to the shipper, these receipts are recorded as deferred revenue for GAAP purposes; however, these receipts are included in gross operating margin in the period of receipt since they are nonrefundable to the shipper.
[3] As deferred revenues attributable to make-up rights are subsequently recognized as revenue under GAAP, gross operating margin must be adjusted to remove such amounts to prevent duplication since the associated non-refundable payments were previously included in gross operating margin.
[4] As presented on our Statements of Consolidated Operations, Total other expense, net is comprised of Interest expense, Interest income and Other, net.