Note 6 - Equity Method Investments and Joint Ventures Equity Method Investments and Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2018

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments

Equity Method Investments (in millions)

	ALRP (a)			MPL (a)			PNAC (a)			RGS			TRG			UBFS			Total
Balance at December 31, 2016	$	—		$	—		$	—		$	281		$	40		$	16		$	337
Acquired interests	—			120			—			—			—			—			120
Equity in earnings	—			12			—			6			2			2			22
Distributions received	—			(12		)	—			(19		)	(5		)	(3		)	(39		)
Balance at December 31, 2017 (b)	—			120			—			268			37			15			440
Acquired interests	159			—			27			—			—			—			186
Equity in earnings (loss)	6			17			(1		)	5			3			1			31
Cumulative effect of accounting standard adoption	—			—			—			—			(3		)	—			(3		)
Distributions received	(5		)	(20		)	—			(20		)	(5		)	(2		)	(52		)
Balance at December 31, 2018 (b)	$	160		$	117		$	26		$	253		$	32		$	14		$	602

(a) These equity method investments were included in the 2018 Drop Down. Amounts were adjusted to include the historical results of the Predecessors. See Notes 1 and 2 for further discussion.

(b) The carrying amounts of our investments that exceed the underlying equity in net assets are amortized over the useful life of the underlying fixed assets and included in equity in earnings. The carrying amount of our investments in these equity method investments exceeded the underlying equity in net assets as shown below.

	December 31,
(in millions)	2018		2017 (c)
ALRP	$	75	$	—
MPL	34		35
PNAC	17		—
RGS	125		130
TRG	14		15
UBFS	6		6

(c) Adjusted to include the historical results of the Predecessors. See Notes 1 and 2 for further discussion.