XML 87 R64.htm IDEA: XBRL DOCUMENT v3.25.0.1
Acquisitions (Details) - USD ($)
$ in Millions
1 Months Ended 2 Months Ended 3 Months Ended 5 Months Ended 8 Months Ended 11 Months Ended 12 Months Ended
Jan. 03, 2025
Nov. 01, 2024
Aug. 01, 2024
Jan. 03, 2024
Nov. 30, 2023
Feb. 14, 2023
Aug. 31, 2022
Apr. 29, 2022
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Business Acquisition [Line Items]                                    
Payments to Acquire Businesses, Net of Cash Acquired                               $ 2,244 $ 1,568 $ 933
Revenues                               10,503 10,907 10,965
Modified EBITDA Earnings Loss                               6,656 8,013 6,075
Gain on remeasurement of equity-method investment (Note 2)                               127 30 0
Goodwill                 $ 463 $ 466 $ 463 $ 466 $ 0 $ 463 $ 466 466 463 0
Net income                               2,225 3,179 2,049
Payments to Acquire Productive Assets                               5,598 4,313 3,598
Pro Forma [Member]                                    
Business Acquisition [Line Items]                                    
Business Acquisition, Pro Forma Revenue                               10,621 11,617 11,493
Business Acquisition, Pro Forma Net Income (Loss)                               2,228 3,273 2,250
Transmission And Gulf Of America [Member]                                    
Business Acquisition [Line Items]                                    
Goodwill                 400 400 400 400 0 400 400 400 400 0
Transmission And Gulf Of America [Member] | NorTex Acquisition                                    
Business Acquisition [Line Items]                                    
Payments to Acquire Productive Assets             $ 424                      
West [Member]                                    
Business Acquisition [Line Items]                                    
Goodwill                 $ 63 66 $ 63 66 $ 0 $ 63 66 66 $ 63 0
Crowheart Acquisition                                    
Business Acquisition [Line Items]                                    
Business Combination, Step Acquisition, Equity Interest in Acquiree, Percentage                 75.00%   75.00%     75.00%     75.00%  
Business Combination, Consideration Transferred   $ 307                                
Crowheart Acquisition | Pro Forma [Member]                                    
Business Acquisition [Line Items]                                    
Business Acquisition, Pro Forma Revenue                               60 [1] $ 74  
Business Acquisition, Pro Forma Net Income (Loss)                               8 [1] 19  
Crowheart Acquisition | Minimum [Member]                                    
Business Acquisition [Line Items]                                    
Business Combination Step Acquisition Equity Interest In Acquiree After Acquisition Percentage   90.00%                                
Crowheart Acquisition | Other Operating Segment                                    
Business Acquisition [Line Items]                                    
Revenues                   20                
Modified EBITDA Earnings Loss                   $ 7                
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents   $ 94                                
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other   15                                
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment   400                                
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets   2                                
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets   511                                
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other   (45)                                
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other   (115)                                
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities   (160)                                
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net   351                                
Discovery Acquisition                                    
Business Acquisition [Line Items]                                    
Business Combination, Consideration Transferred     $ 170                              
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value     381                              
Gain on remeasurement of equity-method investment (Note 2)     127                         127 0 0
Discovery Acquisition | Pro Forma [Member]                                    
Business Acquisition [Line Items]                                    
Business Acquisition, Pro Forma Revenue                               58 [1] 129  
Business Acquisition, Pro Forma Net Income (Loss)                               (5) [1] $ (1)  
Discovery Acquisition | Transmission And Gulf Of America [Member]                                    
Business Acquisition [Line Items]                                    
Revenues                       144            
Modified EBITDA Earnings Loss                       $ 42            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents     22                              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other     19                              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment     941                              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets     39                              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets     1,021                              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other     (40)                              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other     (296)                              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities     (336)                              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net     $ 685                              
Discovery Acquisition | Transmission And Gulf Of America [Member] | Discovery Producer Services LLC [Member]                                    
Business Acquisition [Line Items]                                    
Business Combination, Step Acquisition, Equity Interest in Acquiree, Percentage                 60.00%   60.00%     60.00%     60.00%  
Business Acquisition, Percentage of Voting Interests Acquired     40.00%                              
Discovery Acquisition | Transmission And Gulf Of America [Member] | Selling, general and administrative expenses [Member]                                    
Business Acquisition [Line Items]                                    
Business Combination Acquisition Related Costs Cumulative                               1    
Gulf Coast Storage Acquisition                                    
Business Acquisition [Line Items]                                    
Business Acquisition, Percentage of Voting Interests Acquired       100.00%                            
Business Combination, Consideration Transferred       $ 1,950                            
Business Combination, Consideration Transferred, Liabilities Incurred       100                       100 $ 0  
Gulf Coast Storage Acquisition | Pro Forma [Member]                                    
Business Acquisition [Line Items]                                    
Business Acquisition, Pro Forma Revenue                                 202  
Business Acquisition, Pro Forma Net Income (Loss)                                 53  
Gulf Coast Storage Acquisition | Subsequent Event [Member]                                    
Business Acquisition [Line Items]                                    
Extinguishment of Debt, Amount $ 100                                  
Gulf Coast Storage Acquisition | Transmission And Gulf Of America [Member]                                    
Business Acquisition [Line Items]                                    
Revenues                             228      
Modified EBITDA Earnings Loss                             $ 160      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents       46                            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other       18                            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment       2,035                            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets       2                            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets       2,101                            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other       (11)                            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other       (107)                            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities       (118)                            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net       $ 1,983                            
Gulf Coast Storage Acquisition | Transmission And Gulf Of America [Member] | Selling, general and administrative expenses [Member]                                    
Business Acquisition [Line Items]                                    
Business Combination Acquisition Related Costs Cumulative                               15    
Business Combination, Acquisition Related Costs                               14    
Cureton Acquisition                                    
Business Acquisition [Line Items]                                    
Business Acquisition, Percentage of Voting Interests Acquired         100.00%                          
Business Combination, Consideration Transferred         $ 546                          
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life         20 years                          
Percentage Of Finite Lived Intangible Assets Impacted By Our Intent Or Ability To Renew Or Extend Arrangement         24.00%                          
Acquired Finite-lived Intangible Asset, Weighted-Average Period before Renewal or Extension         10 years                          
Cureton Acquisition | West [Member]                                    
Business Acquisition [Line Items]                                    
Revenues                 $ 35                  
Modified EBITDA Earnings Loss                 7                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents         $ 6                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other         21                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment         433                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles         117                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets         1                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets         578                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other         (29)                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other         (14)                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities         (43)                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net         535                          
Goodwill         11                          
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net         546                          
Cureton Acquisition | West [Member] | Selling, general and administrative expenses [Member]                                    
Business Acquisition [Line Items]                                    
Business Combination Acquisition Related Costs Cumulative                               8    
Business Combination, Acquisition Related Costs                                 6  
RMM Acquisition                                    
Business Acquisition [Line Items]                                    
Business Combination, Consideration Transferred         704                          
Business Combination, Consideration Transferred, Liabilities Incurred                               0 665  
Extinguishment of Debt, Amount   $ 651                                
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value         $ 406                          
Gain on remeasurement of equity-method investment (Note 2)                     $ 30         0 30 $ 0
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life         20 years                          
Percentage Of Finite Lived Intangible Assets Impacted By Our Intent Or Ability To Renew Or Extend Arrangement         18.00%                          
Acquired Finite-lived Intangible Asset, Weighted-Average Period before Renewal or Extension         10 years                          
RMM Acquisition | West [Member]                                    
Business Acquisition [Line Items]                                    
Revenues                 53                  
Modified EBITDA Earnings Loss                 $ 12                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents         $ 28                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other         4                          
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Investments         20                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment         1,041                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles         63                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets         12                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets         1,168                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other         (44)                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other         (103)                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities         (147)                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net         1,021                          
Goodwill         55                          
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net         1,076                          
Business Acquisition, Goodwill, Expected Tax Deductible Amount         $ 55                          
RMM Acquisition | West [Member] | Rocky Mountain Midstream Holdings LLC [Member]                                    
Business Acquisition [Line Items]                                    
Business Combination, Step Acquisition, Equity Interest in Acquiree, Percentage                         50.00%         50.00%
Business Acquisition, Percentage of Voting Interests Acquired         50.00%                          
DJ Basin Acquisitions | Pro Forma [Member]                                    
Business Acquisition [Line Items]                                    
Business Acquisition, Pro Forma Revenue                                 270 [1] $ 218
Business Acquisition, Pro Forma Net Income (Loss)                                 17 [1] 13
MountainWest Acquisition                                    
Business Acquisition [Line Items]                                    
Business Acquisition, Percentage of Voting Interests Acquired           100.00%                        
Business Combination, Consideration Transferred           $ 1,080                        
Business Combination, Consideration Transferred, Liabilities Incurred           430                        
Payments to Acquire Businesses, Net of Cash Acquired                                 1,024  
MountainWest Acquisition | Pro Forma [Member]                                    
Business Acquisition [Line Items]                                    
Business Acquisition, Pro Forma Revenue                                 35 [1] 265
Business Acquisition, Pro Forma Net Income (Loss)                                 6 [1] 170
MountainWest Acquisition | Transmission And Gulf Of America [Member]                                    
Business Acquisition [Line Items]                                    
Revenues                           $ 225        
Modified EBITDA Earnings Loss                           122        
Business Combination, Transition Related Costs                           $ 27        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents           23                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables           33                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other           26                        
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Investments           20                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment           1,019                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets           33                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets           1,154                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other           (47)                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-Term Debt           (365)                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other           (95)                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities           (507)                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net           647                        
Goodwill           400                        
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net           1,047                        
Business Acquisition, Goodwill, Expected Tax Deductible Amount           $ 400                        
MountainWest Acquisition | Transmission And Gulf Of America [Member] | Selling, general and administrative expenses [Member]                                    
Business Acquisition [Line Items]                                    
Business Combination Acquisition Related Costs Cumulative                               $ 18    
Business Combination, Acquisition Related Costs                                 $ 16  
Trace Midstream Acquisition                                    
Business Acquisition [Line Items]                                    
Business Acquisition, Percentage of Voting Interests Acquired               100.00%                    
Business Combination, Consideration Transferred               $ 972                    
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life               20 years                    
Percentage Of Finite Lived Intangible Assets Impacted By Our Intent Or Ability To Renew Or Extend Arrangement               2.00%                    
Acquired Finite-lived Intangible Asset, Weighted-Average Period before Renewal or Extension               19 years                    
Trace Midstream Acquisition | Pro Forma [Member]                                    
Business Acquisition [Line Items]                                    
Business Acquisition, Pro Forma Revenue [1]                                   45
Business Acquisition, Pro Forma Net Income (Loss) [1]                                   $ 18
Trace Midstream Acquisition | West [Member]                                    
Business Acquisition [Line Items]                                    
Revenues                         $ 148          
Modified EBITDA Earnings Loss                         73          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents               $ 39                    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables               18                    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment               448                    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles               472                    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets               20                    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets               997                    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable               (12)                    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other               (5)                    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other               (8)                    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities               (25)                    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net               $ 972                    
Trace Midstream Acquisition | West [Member] | Selling, general and administrative expenses [Member]                                    
Business Acquisition [Line Items]                                    
Business Combination, Acquisition Related Costs                         $ 8          
[1] Excludes results from operations acquired in the acquisition for the period beginning on the acquisition date, as these results are included in the amounts as reported.