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Segment Information - Reconciliation to Net Income (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Segment Reporting, Revenue Reconciling Item [Line Items]    
Depreciation and amortization [1] $ (325) $ (301) [2],[3],[4]
Income Tax Expense (Benefit) 0 1 [3],[4]
Amortization of Debt Issuance Costs (14) (7) [2]
Share-based Payment Arrangement, Expense (5) (7) [4]
Goodwill and Intangible Asset Impairment (2,165) 0 [2],[3],[4]
Interest and Other Financial Costs (216) (217) [4]
Income/(loss) from equity method investments(2) (1,184) [5],[6],[7] 77 [2],[3],[4],[8]
Proceeds from Equity Method Investment, Distribution, Return of Capital (119) (115) [2]
Acquisition Costs, Period Cost 0 (1) [4]
Other Cost and Expense, Operating 1 0 [4]
Net income (2,716) 689 [2],[3],[4],[9]
Operating Segments    
Segment Reporting, Revenue Reconciling Item [Line Items]    
Adjusted EBITDA 1,294 930 [4]
Amortization of Debt Issuance Costs (14) (7) [4]
Segment Reconciling Items [Member]    
Segment Reporting, Revenue Reconciling Item [Line Items]    
Proceeds from Equity Method Investment, Distribution, Return of Capital (124) (122) [4]
Adjusted EBITDA attributable to noncontrolling interests 9 7 [4]
L&S    
Segment Reporting, Revenue Reconciling Item [Line Items]    
Depreciation and amortization 138 126
L&S | Operating Segments    
Segment Reporting, Revenue Reconciling Item [Line Items]    
Adjusted EBITDA [10] 872 559 [4]
Income/(loss) from equity method investments(2) 50 45 [4]
G&P    
Segment Reporting, Revenue Reconciling Item [Line Items]    
Depreciation and amortization 187 175
G&P | Operating Segments    
Segment Reporting, Revenue Reconciling Item [Line Items]    
Adjusted EBITDA [10] 422 371 [4]
Income/(loss) from equity method investments(2) (1,234) 32 [4]
Not Designated as Hedging Instrument [Member]    
Segment Reporting, Revenue Reconciling Item [Line Items]    
Unrealized Gain (Loss) on Derivatives and Commodity Contracts [10] $ 15 $ (4) [4]
[1]
Within the total segment revenues and other income amounts presented above, third party revenues for the L&S segment were $158 million and $153 million for the three months ended March 31, 2020 and 2019, respectively. Third party losses for the G&P segment were $425 million for the three months ended March 31, 2020 and third party revenues were $887 million for the three months ended March 31, 2019.
[2]
Financial information for the first quarter of 2019 has been retrospectively adjusted for the acquisition of ANDX. See Notes 1 and 3.
[3]
Financial information for the first quarter of 2019 has been retrospectively adjusted for the acquisition of ANDX. See Notes 1 and 3.
[4]
Financial information for the first quarter of 2019 has been retrospectively adjusted for the acquisition of ANDX. See Notes 1 and 3.
[5]
The 2020 period includes $1,264 million of impairment expense. See Note 4.
[6]
The 2020 period includes $1,264 million of impairment expense. See Note 4.
[7]
Includes the impact of any basis differential amortization or accretion in addition to the impairment of $1,264 million.
[8]
Financial information for the first quarter of 2019 has been retrospectively adjusted for the acquisition of ANDX. See Notes 1 and 3.
[9]
Financial information for the first quarter of 2019 has been retrospectively adjusted for the acquisition of ANDX. See Notes 1 and 3.
[10]
See below for the reconciliation from Segment Adjusted EBITDA to net income.