Reportable Segments (Tables)

9 Months Ended

Sep. 30, 2020


	September 30, 2020		December 31, 2019*
Segment assets:
Intrastate transportation and storage	$	7,215	$	6,648
Interstate transportation and storage	17,341		18,111
Midstream	19,056		20,332
NGL and refined products transportation and services	20,944		19,145
Crude oil transportation and services	19,882		22,933
Investment in Sunoco LP	4,986		5,438
Investment in USAC	3,011		3,730
All other	2,760		2,636
Total segment assets	$	95,195	$	98,973

*As adjusted. See Note 1.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019*		2020		2019*
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 derivatives	55		(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

The following tables present financial information by segment:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
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