Certain Balance Sheet Information (Tables)

12 Months Ended

Dec. 31, 2019

Balance Sheet Related Disclosures [Abstract]

Property, Plant And Equipment

Property, plant and equipment consisted of the following at December 31, 2019 and 2018 (in millions):

	CEQP				CMLP
	December 31,				December 31,
	2019		2018		2019		2018
Gathering systems and pipelines and related assets	$	1,017.8	$	758.6	$	1,160.6	$	901.5
Facilities and equipment	1,797.7		1,230.7		1,982.8		1,415.9
Buildings, land, rights-of-way, storage rights and easements	370.6		331.7		374.3		335.4
Vehicles	27.7		17.9		26.0		16.1
Construction in process	368.7		230.8		368.7		230.8
Office furniture and fixtures	30.0		28.4		30.2		28.5
	3,612.5		2,598.1		3,942.6		2,928.2
Less: accumulated depreciation	703.4		568.4		875.1		725.9
Total property, plant and equipment, net	$	2,909.1	$	2,029.7	$	3,067.5	$	2,202.3

Intangible Assets

Certain intangible assets are amortized on a straight-line basis over their estimated economic lives, as follows:

	Weighted-Average Life (years)
Customer accounts and revenue contracts	20
Trademarks	10

Intangible assets at CEQP and CMLP consisted of the following at December 31, 2019 and 2018 (in millions):

	December 31,
	2019		2018
Customer accounts	$	438.9	$	438.9
Gas gathering, compression and processing contracts (1)	631.2		325.2
Trademarks	6.2		6.2
	1,076.3		770.3
Less: accumulated amortization	271.1		216.5
Total intangible assets, net	$	805.2	$	553.8

(1) Includes $306.0 million related to a revenue contract acquired from the Jackalope Acquisition, which is further discussed in Note 3.

The following table summarizes total accumulated amortization of CEQP’s and CMLP’s intangible assets at December 31, 2019 and 2018 (in millions):

	December 31,
	2019		2018
Customer accounts	$	134.4	$	112.1
Gas gathering, compression and processing contracts	132.5		100.8
Trademarks	4.2		3.6
Total accumulated amortization	$	271.1	$	216.5

Schedule of Intangible Assets, Future Amortization Expense

Estimated amortization of CEQP’s and CMLP’s intangible assets for the next five years is as follows (in millions):

Year Ending December 31,
2020	$	58.9
2021	$	58.9
2022	$	58.9
2023	$	55.0
2024	$	50.1

Schedule of Accrued Liabilities

Accrued expenses and other liabilities consisted of the following at December 31, 2019 and 2018 (in millions):

	CEQP				CMLP
	December 31,				December 31,
	2019		2018		2019		2018
Accrued expenses(1)	$	61.6	$	64.8	$	60.3	$	63.7
Accrued property taxes	6.1		2.6		6.1		2.6
Income tax payable	0.3		0.3		0.3		0.3
Interest payable	25.6		19.8		25.6		19.8
Accrued additions to property, plant and equipment	38.0		10.5		38.0		10.5
Operating leases	18.1		—		18.1		—
Finance leases	3.2		2.4		3.2		2.4
Deferred revenue	8.8		12.0		8.8		12.0
Total accrued expenses and other liabilities	$	161.7	$	112.4	$	160.4	$	111.3

(1)

Includes $16.2 million of related party accrued expenses at December 31, 2018 related to deposits received from Jackalope prior to the acquisition of the remaining 50% equity interest in Jackalope from Williams in April 2019.

Other Noncurrent Liabilities

Other long-term liabilities consisted of the following at December 31, 2019 and 2018 (in millions):

	CEQP				CMLP
	December 31,				December 31,
	2019		2018		2019		2018
Contract liabilities	$	144.7	$	65.4	$	144.7	$	65.4
Contingent consideration	57.0		57.0		57.0		57.0
Operating leases	41.5		—		41.5		—
Asset retirement obligations	33.3		27.6		33.3		27.6
Other	25.1		23.6		19.1		21.0
Total other long-term liabilities	$	301.6	$	173.6	$	295.6	$	171.0