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Revenues and Accounts Receivable (Tables)
3 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of revenue The following tables present our revenues from contracts with customers disaggregated by segment and type of activity (in millions):
Three Months Ended
March 31,
20222021
Crude Oil segment revenues from contracts with customers
Sales$12,857 $7,726 
Transportation155 90 
Terminalling, Storage and Other90 130 
Total Crude Oil segment revenues from contracts with customers$13,102 $7,946 

Three Months Ended
March 31,
20222021
NGL segment revenues from contracts with customers
Sales$845 $772 
Transportation
Terminalling, Storage and Other25 22 
Total NGL segment revenues from contracts with customers$879 $801 
The following tables present the reconciliation of our revenues from contracts with customers to total revenues of reportable segments and total revenues as disclosed in our Condensed Consolidated Statements of Operations (in millions):
Three Months Ended March 31, 2022Crude OilNGLTotal
Revenues from contracts with customers$13,102 $879 $13,981 
Other items in revenues(23)(144)(167)
Total revenues of reportable segments$13,079 $735 $13,814 
Intersegment revenue elimination(120)
Total revenues$13,694 
Three Months Ended March 31, 2021Crude OilNGLTotal
Revenues from contracts with customers$7,946 $801 $8,747 
Other items in revenues(93)(162)(255)
Total revenues of reportable segments$7,853 $639 $8,492 
Intersegment revenue elimination(109)
Total revenues$8,383 
Contract with customer, counterparty deficiencies The following table presents counterparty deficiencies associated with contracts with customers and buy/sell arrangements that include minimum volume commitments for which we had remaining performance obligations and the customers still had the ability to meet their obligations (in millions):
Counterparty DeficienciesFinancial Statement ClassificationMarch 31,
2022
December 31,
2021
Billed and collectedLiability$56 $63 
Unbilled (1)
N/A16 16 
Total$72 $79 
(1)Amounts were related to deficiencies for which the counterparties had not met their contractual minimum commitments and are not reflected in our Condensed Consolidated Financial Statements as we had not yet billed or collected such amounts.
Contracts with customers, change in asset and liability balance The following table presents the change in the liability balance associated with contracts with customers (in millions):
 Contract Liabilities
Balance at December 31, 2021$141 
Amounts recognized as revenue(20)
Additions16 
Balance at March 31, 2022$137 
The following is a reconciliation of trade accounts receivable from revenues from contracts with customers to total Trade accounts receivable and other receivables, net as presented on our Condensed Consolidated Balance Sheets (in millions):
March 31,
2022
December 31, 2021
Trade accounts receivable arising from revenues from contracts with customers
$5,496 $4,031 
Other trade accounts receivables and other receivables (1)
9,620 5,126 
Impact due to contractual rights of offset with counterparties(7,980)(4,452)
Trade accounts receivable and other receivables, net$7,136 $4,705 
(1)The balance is comprised primarily of accounts receivable associated with buy/sell arrangements that are not within the scope of ASC 606.
Remaining performance obligations The following table presents the amount of consideration associated with remaining performance obligations for the population of contracts with external customers meeting the presentation requirements as of March 31, 2022 (in millions):
Remainder of 202220232024202520262027 and Thereafter
Pipeline revenues supported by minimum volume commitments and capacity agreements (1)
$132 $174 $158 $134 $87 $379 
Terminalling, storage and other agreement revenues201 223 173 81 61 517 
Total$333 $397 $331 $215 $148 $896 
(1)Calculated as volumes committed under contracts multiplied by the current applicable tariff rate.