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Revenue Recognition
 3 Months Ended
Mar. 31, 2020
Revenue Recognition [Abstract]  
Revenue Recognition Revenues

Contract Assets and Contract Liabilities

Our contract assets and contract liabilities are reported in a net position on a contract-by-contract basis at the end of each reporting period. Our receivables related to our revenue contracts totaled $185.7 million and $225.0 million at March 31, 2020 and December 31, 2019, and are included in accounts receivable on our consolidated balance sheets. Our contract assets are included in other non-current assets on our consolidated balance sheets. Our contract liabilities primarily consist of current and non-current deferred revenues. On our consolidated balance sheets, our current deferred revenues are included in accrued expenses and other liabilities and our non-current deferred revenues are included in other long-term liabilities. The majority of revenues associated with our deferred revenues is expected to be recognized as the performance obligations under the related contracts are satisfied over the next 17 years.

The following table summarizes our contract assets and contract liabilities (in millions):


 
March 31, 2020
 
December 31, 2019
Contract assets (non-current)
 
$
1.1

 
$
1.2

Contract liabilities (current)(1)
 
$
9.0

 
$
8.8

Contract liabilities (non-current)(1)
 
$
151.3

 
$
144.7


(1)
During the three months ended March 31, 2020, we recognized revenues of approximately $3.8 million that were previously included in contract liabilities (current) at December 31, 2019. The remaining change in our contract liabilities during the three months ended March 31, 2020, related to capital reimbursements associated with our revenue contracts and revenue deferrals associated with our contracts with increasing (decreasing) rates.

The following table summarizes the transaction price allocated to our remaining performance obligations under certain contracts that have not been recognized as of March 31, 2020 (in millions):
Remainder of 2020
$
73.0

2021
86.2

2022
63.8

2023
7.4

2024
3.3

Total
$
233.7



Our remaining performance obligations presented in the table above exclude estimates of variable rate escalation clauses in our contracts with customers, and is generally limited to fixed-fee and percentage-of-proceeds service contracts which have fixed pricing and minimum volume terms and conditions. Our remaining performance obligations generally exclude, based on the following practical expedients that we elected to apply, disclosures for (i) variable consideration allocated to a wholly-unsatisfied promise to transfer a distinct service that forms part of the identified single performance obligation; (ii) unsatisfied performance obligations where the contract term is one year or less; and (iii) contracts for which we recognize revenues as amounts are invoiced.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Disaggregation of Revenues

The following tables summarize our revenues from contracts with customers disaggregated by type of product/service sold and by commodity type for each of our segments for the three months ended March 31, 2020 and 2019 (in millions). We believe this summary best depicts how the nature, amount, timing and uncertainty of our revenues and cash flows are affected by economic factors.
 
Three Months Ended March 31, 2020
 
Gathering and Processing
 
Storage and Transportation
 
Marketing, Supply and Logistics
 
Intersegment Elimination
 
Total
Topic 606 revenues
 
 
 
 
 
 
 
 
 
Gathering
 
 
 
 
 
 
 
 
 
Natural gas
$
43.8

 
$
—

 
$
—

 
$
—

 
$
43.8

Crude oil
26.5

 
—

 
—

 
—

 
26.5

Water
23.0

 
—

 
—

 
—

 
23.0

Processing
 
 
 
 
 
 
 
 
 
Natural gas
10.2

 
—

 
—

 
—

 
10.2

Compression
 
 
 
 
 
 
 
 
 
Natural gas
6.3

 
—

 
—

 
—

 
6.3

Storage
 
 
 
 
 
 
 
 
 
Crude oil
0.5

 
0.6

 
—

 
(0.4
)
 
0.7

NGLs
—

 
—

 
1.6

 
—

 
1.6

Pipeline
 
 
 
 
 
 
 
 
 
Crude oil
—

 
1.6

 
—

 
(0.5
)
 
1.1

Transportation
 
 
 
 
 
 
 
 
 
Crude oil
2.0

 
—

 
1.6

 
—

 
3.6

NGLs
—

 
—

 
1.7

 
—

 
1.7

Rail Loading
 
 
 
 
 
 
 
 
 
Crude oil
—

 
3.4

 
—

 
(1.4
)
 
2.0

Product Sales
 
 
 
 
 
 
 
 
 
Natural gas
12.0

 
—

 
18.3

 
(11.7
)
 
18.6

Crude oil
121.1

 
—

 
250.2

 
(16.3
)
 
355.0

NGLs
9.5

 
—

 
160.3

 
(11.9
)
 
157.9

Other
—

 
0.5

 
0.5

 
(0.4
)
 
0.6

Total Topic 606 revenues
254.9

 
6.1

 
434.2

 
(42.6
)
 
652.6

Non-Topic 606 revenues(1)
—

 
—

 
75.3

 
—

 
75.3

Total revenues
$
254.9

 
$
6.1

 
$
509.5

 
$
(42.6
)
 
$
727.9


(1)
Represents revenues primarily related to our commodity-based derivatives. See Note 5 for additional information related to our price risk management activities.

 
Three Months Ended March 31, 2019
 
Gathering and Processing
 
Storage and Transportation
 
Marketing, Supply and Logistics
 
Intersegment Elimination
 
Total
Topic 606 revenues
 
 
 
 
 
 
 
 
 
Gathering
 
 
 
 
 
 
 
 
 
Natural gas
$
30.2

 
$
—

 
$
—

 
$
—

 
$
30.2

Crude oil
15.3

 
—

 
—

 
—

 
15.3

Water
16.8

 
—

 
—

 
—

 
16.8

Processing
 
 
 
 
 
 
 
 
 
Natural gas
2.5

 
—

 
—

 
—

 
2.5

Compression
 
 
 
 
 
 
 
 
 
Natural gas
6.0

 
—

 
—

 
—

 
6.0

Storage
 
 
 
 
 
 
 
 
 
Crude oil
0.5

 
1.4

 
—

 
(0.7
)
 
1.2

NGLs
—

 
—

 
1.3

 
—

 
1.3

Pipeline
 
 
 
 
 
 
 
 
 
Crude oil
—

 
1.7

 
—

 
(0.7
)
 
1.0

Transportation
 
 
 
 
 
 
 
 
 
Crude oil
1.5

 
—

 
1.5

 
—

 
3.0

NGLs
—

 
—

 
4.1

 
—

 
4.1

Rail Loading
 
 
 
 
 
 
 
 
 
Crude oil
—

 
7.2

 
—

 
(1.4
)
 
5.8

Product Sales
 
 
 
 
 
 
 
 
 
Natural gas
18.8

 
—

 
22.3

 
(6.6
)
 
34.5

Crude oil
131.6

 
—

 
290.1

 
(43.3
)
 
378.4

NGLs
11.9

 
—

 
221.5

 
(2.8
)
 
230.6

Other
—

 
1.1

 
—

 
(0.9
)
 
0.2

Total Topic 606 revenues
235.1

 
11.4

 
540.8

 
(56.4
)
 
730.9

Non-Topic 606 revenues(1)
—

 
—

 
104.3

 
—

 
104.3

Total revenues
$
235.1

 
$
11.4

 
$
645.1

 
$
(56.4
)
 
$
835.2

(1)
Represents revenues primarily related to our commodity-based derivatives. See Note 5 for additional information related to our price risk management activities.