Goodwill and Intangibles (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for 2022 were as follows:

(Millions of dollars)	Refining & Marketing		Midstream		Total
Balance as of December 31, 2020	$	561	$	7,695	$	8,256
Impairment losses	—		—		—
Balance as of December 31, 2021	561		7,695		8,256
Impairment losses	—		—		—
Disposal of assets	—		(12)		(12)
Balance as of December 31, 2022	$	561	$	7,683	$	8,244
Gross goodwill as of December 31, 2022	$	6,141	$	10,824	$	16,965
Accumulated impairment losses	(5,580)		(3,141)		(8,721)
Balance as of December 31, 2022	$	561	$	7,683	$	8,244

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

Our definite lived intangible assets as of December 31, 2022 and 2021 are as shown below.

	December 31, 2022						December 31, 2021
(Millions of dollars)	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Customer contracts and relationships	$	3,624	$	1,825	$	1,799	$	3,495	$	1,457	$	2,038
Brand rights and tradenames	100		64		36		100		50		50
Royalty agreements	138		103		35		135		96		39
Other	36		30		6		36		28		8
Total	$	3,898	$	2,022	$	1,876	$	3,766	$	1,631	$	2,135

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated future amortization expense for the next five years related to the intangible assets at December 31, 2022 is as follows:

(Millions of dollars)
2023	$	315
2024	257
2025	241
2026	221
2027	193