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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2020
Fair Value Measurements [Abstract]  
Fair Value Of Assets And Liabilities Measured And Recorded On Recurring Basis
The following tables summarize the gross fair value of our financial assets and liabilities measured and recorded at fair value on a recurring basis as of March 31, 2020 and December 31, 2019 based on inputs used to derive their fair values:
 
 
 
Fair Value Measurements at
March 31, 2020
 
Fair Value Total
 
Level 1
 
Level 2
Assets:
 
 
 
 
 
Commodity derivatives:
 
 
 
 
 
Natural Gas:
 
 
 
 
 
Basis Swaps IFERC/NYMEX
$
108

 
$
108

 
$
—

Swing Swaps IFERC
2

 
—

 
2

Fixed Swaps/Futures
31

 
31

 
—

Forward Physical Contracts
6

 
—

 
6

Power:
 
 
 
 
 
Forwards
15

 
—

 
15

Futures
5

 
5

 
—

Options – Puts
2

 
2

 
—

Options – Calls
1

 
1

 
—

NGLs – Forwards/Swaps
527

 
527

 
—

Crude – Forwards/Swaps
3

 
3

 
—

Total commodity derivatives
700

 
677

 
23

Other non-current assets
26

 
17

 
9

Total assets
$
726

 
$
694

 
$
32

Liabilities:
 
 
 
 
 
Interest rate derivatives
$
(573
)
 
$
—

 
$
(573
)
Commodity derivatives:
 
 
 
 
 
Natural Gas:
 
 
 
 
 
Basis Swaps IFERC/NYMEX
(85
)
 
(85
)
 
—

Swing Swaps IFERC
(2
)
 
(1
)
 
(1
)
Fixed Swaps/Futures
(33
)
 
(33
)
 
—

Forward Physical Contracts
(1
)
 
—

 
(1
)
Power:
 
 
 
 
 
Forwards
(9
)
 
—

 
(9
)
Futures
(5
)
 
(5
)
 
—

NGLs – Forwards/Swaps
(489
)
 
(489
)
 
—

Refined Products – Futures
(7
)
 
(7
)
 
—

Total commodity derivatives
(631
)
 
(620
)
 
(11
)
Total liabilities
$
(1,204
)
 
$
(620
)
 
$
(584
)
 
 
 
Fair Value Measurements at
December 31, 2019
 
Fair Value Total
 
Level 1
 
Level 2
Assets:
 
 
 
 
 
Commodity derivatives:
 
 
 
 
 
Natural Gas:
 
 
 
 
 
Basis Swaps IFERC/NYMEX
$
17

 
$
17

 
$
—

Swing Swaps IFERC
1

 
—

 
1

Fixed Swaps/Futures
65

 
65

 
—

Forward Physical Contracts
3

 
—

 
3

Power:


 
 
 
 
Forwards
11

 
—

 
11

Futures
4

 
4

 
—

Options – Puts
1

 
1

 
—

Options – Calls
1

 
1

 
—

NGLs – Forwards/Swaps
260

 
260

 
—

Refined Products – Futures
8

 
8

 
—

Crude – Forwards/Swaps
13

 
13

 
—

Total commodity derivatives
384

 
369

 
15

Other non-current assets
31

 
20

 
11

Total assets
$
415

 
$
389

 
$
26

Liabilities:
 
 
 
 
 
Interest rate derivatives
$
(399
)
 
$
—

 
$
(399
)
Commodity derivatives:
 
 
 
 
 
Natural Gas:
 
 
 
 
 
Basis Swaps IFERC/NYMEX
(49
)
 
(49
)
 
—

Swing Swaps IFERC
(1
)
 
—

 
(1
)
Fixed Swaps/Futures
(43
)
 
(43
)
 
—

Power:


 
 
 
 
Forwards
(5
)
 
—

 
(5
)
Futures
(3
)
 
(3
)
 
—

NGLs – Forwards/Swaps
(278
)
 
(278
)
 
—

Refined Products – Futures
(10
)
 
(10
)
 
—

Total commodity derivatives
(389
)
 
(383
)
 
(6
)
Total liabilities
$
(788
)
 
$
(383
)
 
$
(405
)