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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2020 and December 31, 2019 based on inputs used to derive their fair values:
 
 
 
Fair Value Measurements at
June 30, 2020
 
Fair Value Total
 
Level 1
 
Level 2
Assets:
 
 
 
 
 
Commodity derivatives:
 
 
 
 
 
Natural Gas:
 
 
 
 
 
Basis Swaps IFERC/NYMEX
$
112

 
$
112

 
$
—

Swing Swaps IFERC
2

 
—

 
2

Fixed Swaps/Futures
93

 
93

 
—

Forward Physical Contracts
7

 
—

 
7

Power:
 
 
 
 
 
Forwards
21

 
—

 
21

Futures
3

 
3

 
—

Options – Puts
1

 
1

 
—

Options – Calls
1

 
1

 
—

NGLs – Forwards/Swaps
208

 
208

 
—

Refined Products – Futures
4

 
4

 
—

Crude – Forwards/Swaps
3

 
3

 
—

Total commodity derivatives
455

 
425

 
30

Other non-current assets
29

 
19

 
10

Total assets
$
484

 
$
444

 
$
40

Liabilities:
 
 
 
 
 
Interest rate derivatives
$
(577
)
 
$
—

 
$
(577
)
Commodity derivatives:
 
 
 
 
 
Natural Gas:
 
 
 
 
 
Basis Swaps IFERC/NYMEX
(83
)
 
(83
)
 
—

Swing Swaps IFERC
(5
)
 
—

 
(5
)
Fixed Swaps/Futures
(117
)
 
(117
)
 
—

Forward Physical Contracts
(1
)
 
—

 
(1
)
Power:
 
 
 
 
 
Forwards
(17
)
 
—

 
(17
)
Futures
(3
)
 
(3
)
 
—

NGLs – Forwards/Swaps
(218
)
 
(218
)
 
—

Refined Products – Futures
(21
)
 
(21
)
 
—

Crude – Forwards/Swaps
(1
)
 
(1
)
 
—

Total commodity derivatives
(466
)
 
(443
)
 
(23
)
Total liabilities
$
(1,043
)
 
$
(443
)
 
$
(600
)
 
 
 
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
)