Intangible Assets and Goodwill (Tables)

6 Months Ended

Jun. 30, 2026

The following table summarizes our intangible assets by business segment at the dates indicated:


	June 30, 2026						December 31, 2025
	Gross Value		Accumulated Amortization		Carrying Value		Gross Value		Accumulated Amortization		Carrying Value
NGL Pipelines & Services:
Customer relationship intangibles	$	449	$	(294)	$	155	$	449	$	(289)	$	160
Contract-based intangibles	1,054		(199)		855		1,050		(177)		873
Segment total	1,503		(493)		1,010		1,499		(466)		1,033
Crude Oil Pipelines & Services:
Customer relationship intangibles	2,195		(758)		1,437		2,195		(710)		1,485
Contract-based intangibles	283		(280)		3		283		(280)		3
Segment total	2,478		(1,038)		1,440		2,478		(990)		1,488
Natural Gas Pipelines & Services:
Customer relationship intangibles	1,351		(718)		633		1,351		(700)		651
Contract-based intangibles	1,155		(285)		870		1,150		(265)		885
Segment total	2,506		(1,003)		1,503		2,501		(965)		1,536
Petrochemical & Refined Products Services:
Customer relationship intangibles	181		(103)		78		181		(99)		82
Contract-based intangibles	50		(30)		20		50		(30)		20
Segment total	231		(133)		98		231		(129)		102
Total intangible assets	$	6,718	$	(2,667)	$	4,051	$	6,709	$	(2,550)	$	4,159

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,
	2026		2025		2026		2025
NGL Pipelines & Services	$	13	$	12	$	27	$	23
Crude Oil Pipelines & Services	25		21		48		42
Natural Gas Pipelines & Services	19		18		38		36
Petrochemical & Refined Products Services	2		1		4		3
Total	$	59	$	52	$	117	$	104

The following table presents our forecast of amortization expense associated with existing intangible assets for the periods indicated: