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Reportable Segments
 9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Reportable Segments REPORTABLE SEGMENTS
Our reportable segments, which conduct their business primarily in the United States, are as follows:
•intrastate transportation and storage;
•interstate transportation and storage;
•midstream;
•NGL and refined products transportation and services;
•crude oil transportation and services;
•investment in Sunoco LP;
•investment in USAC; and
•all other.
Consolidated revenues and expenses reflect the elimination of all material intercompany transactions.
Revenues from our intrastate transportation and storage segment are primarily reflected in natural gas sales and gathering, transportation and other fees. Revenues from our interstate transportation and storage segment are primarily reflected in gathering, transportation and other fees. Revenues from our midstream segment are primarily reflected in natural gas sales, NGL sales and gathering, transportation and other fees. Revenues from our NGL and refined products transportation and services segment are primarily reflected in NGL sales and gathering, transportation and other fees. Revenues from our crude oil transportation and services segment are primarily reflected in crude sales. Revenues from our investment in Sunoco LP segment are primarily reflected in refined product sales. Revenues from our investment in USAC segment are primarily reflected in gathering, transportation and other fees. Revenues from our all other segment are primarily reflected in natural gas sales and gathering, transportation and other fees.
We report Segment Adjusted EBITDA and consolidated Adjusted EBITDA as measures of segment performance. We define Segment Adjusted EBITDA and consolidated Adjusted EBITDA as total partnership earnings before interest, taxes, depreciation, depletion, amortization and other non-cash items, such as non-cash compensation expense, gains and losses on disposals of assets, the allowance for equity funds used during construction, unrealized gains and losses on commodity risk management activities, inventory valuation adjustments, non-cash impairment charges, losses on extinguishments of debt and other non-operating income or expense items. Inventory adjustments that are excluded from the calculation of Adjusted EBITDA represent only the changes in lower of cost or market reserves on inventory that is carried at last-in, first-out (“LIFO”). These amounts are unrealized valuation adjustments applied to Sunoco LP’s fuel volumes remaining in inventory at the end of the period.
Segment Adjusted EBITDA and consolidated Adjusted EBITDA reflect amounts for unconsolidated affiliates based on the same recognition and measurement methods used to record equity in earnings of unconsolidated affiliates. Adjusted EBITDA related to unconsolidated affiliates excludes the same items with respect to the unconsolidated affiliate as those excluded from the calculation of Segment Adjusted EBITDA and consolidated Adjusted EBITDA, such as interest, taxes, depreciation, depletion, amortization and other non-cash items. Although these amounts are excluded from Adjusted EBITDA related to unconsolidated affiliates, such exclusion should not be understood to imply that we have control over the operations and resulting revenues and expenses of such affiliates. We do not control our unconsolidated affiliates; therefore, we do not control the earnings or cash flows of such affiliates. The use of Segment Adjusted EBITDA or Adjusted EBITDA related to unconsolidated affiliates as an analytical tool should be limited accordingly.
The following tables present financial information by segment:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2020201920202019
Revenues:
Intrastate transportation and storage:
Revenues from external customers
$614 $675 $1,615 $2,115 
Intersegment revenues
40 89 148 270 
654 764 1,763 2,385 
Interstate transportation and storage:
Revenues from external customers
466 475 1,365 1,454 
Intersegment revenues
5 4 15 16 
471 479 1,380 1,470 
Midstream:
Revenues from external customers
585 704 1,477 1,704 
Intersegment revenues
792 876 2,088 2,792 
1,377 1,580 3,565 4,496 
NGL and refined products transportation and services:
Revenues from external customers
2,207 2,271 5,991 7,340 
Intersegment revenues
416 607 1,466 1,181 
2,623 2,878 7,457 8,521 
Crude oil transportation and services:
Revenues from external customers
2,849 4,453 8,873 13,685 
Intersegment revenues
1 — 4 — 
2,850 4,453 8,877 13,685 
Investment in Sunoco LP:
Revenues from external customers
2,801 4,328 8,104 12,494 
Intersegment revenues
4 3 53 4 
2,805 4,331 8,157 12,498 
Investment in USAC:
Revenues from external customers
158 169 500 505 
Intersegment revenues
3 6 9 15 
161 175 509 520 
All other:
Revenues from external customers
275 420 995 1,196 
Intersegment revenues
92 21 377 80 
367 441 1,372 1,276 
Eliminations
(1,353)(1,606)(4,160)(4,358)
Total revenues
$9,955 $13,495 $28,920 $40,493 
Three Months Ended
September 30,		Nine Months Ended
September 30,
20202019*20202019*
Segment Adjusted EBITDA:
Intrastate transportation and storage
$203 $235 $630 $777 
Interstate transportation and storage
425 442 1,232 1,358 
Midstream
530 411 1,280 1,205 
NGL and refined products transportation and services
762 667 2,099 1,923 
Crude oil transportation and services
631 726 1,741 2,222 
Investment in Sunoco LP
189 192 580 497 
Investment in USAC
104 104 315 310 
All other
22 35 62 80 
Adjusted EBITDA (consolidated)
2,866 2,812 7,939 8,372 
Depreciation, depletion and amortization
(912)(784)(2,715)(2,343)
Interest expense, net of interest capitalized
(569)(579)(1,750)(1,747)
Impairment losses(1,474)(12)(2,803)(62)
Gains (losses) on interest rate derivatives55 (175)(277)(371)
Non-cash compensation expense
(30)(27)(93)(85)
Unrealized gains (losses) on commodity risk management activities
(30)64 (27)90 
Losses on extinguishments of debt
— — (62)(18)
Inventory valuation adjustments (Sunoco LP)
11 (26)(126)71 
Adjusted EBITDA related to unconsolidated affiliates
(169)(161)(480)(470)
Equity in earnings (loss) of unconsolidated affiliates(32)82 46 224 
Impairment of investment in an unconsolidated affiliate
(129)— (129)— 
Other, net
53 47 (48)67 
Income (loss) before income tax expense(360)1,241 (525)3,728 
Income tax expense(41)(54)(168)(214)
Net income (loss)$(401)$1,187 $(693)$3,514