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Consolidated Statements Of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
[1]
Jun. 30, 2020
Jun. 30, 2019
[1]
REVENUES:        
Total revenues $ 7,338 $ 13,877 $ 18,965 $ 26,998
COSTS AND EXPENSES:        
Cost of products sold 4,117 10,301 12,408 19,778
Operating expenses 770 792 1,649 1,600
Depreciation, depletion and amortization 934 781 1,799 1,552
Selling, general and administrative 171 175 373 324
Asset Impairment Charges 4 0 1,329 50
Total costs and expenses 5,996 12,049 17,558 23,304
OPERATING INCOME 1,342 1,828 1,407 3,694
OTHER INCOME (EXPENSE):        
Interest expense, net of interest capitalized (578) (578) (1,178) (1,105)
Equity in earnings of unconsolidated affiliates 85 77 78 142
Gain (Loss) on Extinguishment of Debt 0 0 (59) (2)
Losses on interest rate derivatives (3) (122) (332) (196)
Other, net (29) 112 16 129
INCOME (LOSS) BEFORE INCOME TAX EXPENSE 817 1,317 (68) 2,662
Income tax expense 98 35 127 161
NET INCOME (LOSS) 719 1,282 (195) 2,501
Less: Net income attributable to noncontrolling interests 225 266 25 522
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest 13 13 25 26
Net Income (Loss) Allocated to Predecessor Equity 0 0 (6) 0
NET INCOME (LOSS) ATTRIBUTABLE TO PARTNERS 481 1,003 (239) 1,953
Refined Products [Member]        
REVENUES:        
Revenue from Contract with Customer, Including Assessed Tax 2,000 4,477 5,232 8,203
NGL sales [Member]        
REVENUES:        
Revenue from Contract with Customer, Including Assessed Tax 1,329 4,346 4,872 7,871
Oil and Gas [Member]        
REVENUES:        
Revenue from Contract with Customer, Including Assessed Tax 1,254 1,996 2,943 4,398
Natural Gas, Midstream [Member]        
REVENUES:        
Revenue from Contract with Customer, Including Assessed Tax 2,137 2,035 4,522 4,302
Oil and Gas, Refining and Marketing [Member]        
REVENUES:        
Revenue from Contract with Customer, Including Assessed Tax 514 763 1,102 1,727
Product and Service, Other [Member]        
REVENUES:        
Revenue from Contract with Customer, Including Assessed Tax $ 104 $ 260 $ 294 $ 497
[1]
*As adjusted. See Note 1.