XML 78 R54.htm IDEA: XBRL DOCUMENT v3.20.2
Equity Method Investments - Summary of Equity Method Investment Financial Information (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Mar. 31, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]            
Revenues $ 2,247   $ 2,280 $ 5,320 $ 6,725  
Equity method investments 4,081     4,081   $ 5,275
Costs and Expenses 1,348   1,354 6,029 4,002  
Net (loss)/income 674   689 (1,387) 2,035  
Income/(loss) from equity method investments(1) 83   95 (1,012) [1],[2] 255  
Assets, Current 1,272     1,272   1,484
Liabilities, Current $ 1,531     1,531   2,132
Equity Method Investment, Other than Temporary Impairment   $ 1,264   $ 1,264    
MarEn Bakken Company LLC [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage 25.00%     25.00%    
Illinois Extension            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage 35.00%     35.00%    
LOOP            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage 41.00%     41.00%    
Whistler Pipeline LLC [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage 38.00%     38.00%    
W2W Holdings LLC [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage 50.00%     50.00%    
Wink to Webster Pipeline LLC [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage 15.00%     15.00%    
Explorer            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage 25.00%     25.00%    
MarkWest Utica EMG            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage 57.00%     57.00%    
Equity Method Investment, Other than Temporary Impairment   $ 1,251        
Sherwood Midstream            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage 50.00%     50.00%    
MarkWest EMG Jefferson Dry Gas Gathering Company, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage 67.00%     67.00%    
Centrahoma Processing LLC [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage 40.00%     40.00%    
Indirect Ownership Interest [Member] | Bakken Pipeline System [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage 9.19%     9.19%    
Indirect Ownership Interest [Member] | Sherwood Midstream Holdings            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage 24.51%     24.51%    
Direct Ownership Interest [Member] | Andeavor Logistics Rio Pipeline [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage 67.00%     67.00%    
Direct Ownership Interest [Member] | Minnesota Pipe Line Company, LLC [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage 17.00%     17.00%    
Direct Ownership Interest [Member] | Rendezvous Gas Services, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage 78.00%     78.00%    
Direct Ownership Interest [Member] | Sherwood Midstream Holdings            
Schedule of Equity Method Investments [Line Items]            
Equity method investment, ownership percentage 51.00%     51.00%    
G&P            
Schedule of Equity Method Investments [Line Items]            
Difference between carrying amount and underlying equity $ (58)     $ (58)   1,000
Difference between carrying amount and underlying equity portion related to goodwill 31     31   498
G&P | MarkWest Utica EMG            
Schedule of Equity Method Investments [Line Items]            
Equity method investments [3] 720     720   1,984
G&P | Sherwood Midstream            
Schedule of Equity Method Investments [Line Items]            
Equity method investments [3] 560     560   537
G&P | MarkWest EMG Jefferson Dry Gas Gathering Company, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity method investments [3] 307     307   302
G&P | Rendezvous Gas Services, L.L.C. [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity method investments [3] 164     164   170
G&P | Sherwood Midstream Holdings            
Schedule of Equity Method Investments [Line Items]            
Equity method investments [3] 151     151   157
G&P | Centrahoma Processing LLC [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity method investments 147     147   153
G&P | Other VIEs and Non-VIEs [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity method investments [3] 230     230   198
L&S            
Schedule of Equity Method Investments [Line Items]            
Difference between carrying amount and underlying equity 331     331   329
Difference between carrying amount and underlying equity portion related to goodwill 167     167   167
L&S | MarEn Bakken Company LLC [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity method investments [4] 469     469   481
L&S | Illinois Extension            
Schedule of Equity Method Investments [Line Items]            
Equity method investments 261     261   265
L&S | LOOP            
Schedule of Equity Method Investments [Line Items]            
Equity method investments 249     249   238
L&S | Andeavor Logistics Rio Pipeline [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity method investments [3] 195     195   202
L&S | Minnesota Pipe Line Company, LLC [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity method investments 189     189   190
L&S | Whistler Pipeline LLC [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity method investments [3] 184     184   134
L&S | W2W Holdings LLC [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity method investments [3],[5] 77     77   0
L&S | Wink to Webster Pipeline LLC [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity method investments [3],[5] 0     0   126
L&S | Explorer            
Schedule of Equity Method Investments [Line Items]            
Equity method investments 78     78   83
L&S | Other VIEs and Non-VIEs [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity method investments [3] 100     100   55
Operating Segments | G&P            
Schedule of Equity Method Investments [Line Items]            
Revenues [6] 913   901 1,330 2,742  
Equity method investments 2,279     2,279   3,501
Income/(loss) from equity method investments(1) 47   35 (1,138) 96  
Operating Segments | L&S            
Schedule of Equity Method Investments [Line Items]            
Revenues [6] 1,334   1,379 3,990 3,983  
Equity method investments 1,802     1,802   1,774
Income/(loss) from equity method investments(1) 36   $ 60 126 159  
Other VIEs and Non-VIEs [Member]            
Schedule of Equity Method Investments [Line Items]            
Revenues       1,065 1,595  
Costs and Expenses       713 685  
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest       352 910  
Net (loss)/income       247 797  
Income/(loss) from equity method investments(1)       (1,012) [7] 255 [8]  
Assets, Current 1,141     1,141   864
Assets, Noncurrent 11,422     11,422   10,996
Liabilities, Current 498     498   437
Liabilities, Noncurrent 2,468     2,468   1,127
Non-VIEs [Member]            
Schedule of Equity Method Investments [Line Items]            
Revenues       933 1,116  
Costs and Expenses       405 434  
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest       528 682  
Net (loss)/income       477 605  
Income/(loss) from equity method investments(1)       126 [7] 166 [8]  
Assets, Current 367     367   330
Assets, Noncurrent 5,024     5,024   5,134
Liabilities, Current 194     194   245
Liabilities, Noncurrent 857     857   822
Other VIEs [Member]            
Schedule of Equity Method Investments [Line Items]            
Revenues       132 479  
Costs and Expenses       308 251  
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest       (176) 228  
Net (loss)/income       (230) 192  
Income/(loss) from equity method investments(1)       (1,138) [7] $ 89 [8]  
Assets, Current 774     774   534
Assets, Noncurrent 6,398     6,398   5,862
Liabilities, Current 304     304   192
Liabilities, Noncurrent $ 1,611     $ 1,611   $ 305
[1]
The 2020 period includes $1,264 million of impairment expense. See Note 4.
[2]
The nine months ended September 30, 2020 includes $1,264 million of impairment expense. See Note 4.
[3]
Investments deemed to be VIEs. Some investments included within “Other” have also been deemed to be VIEs.
[4] The investment in MarEn Bakken Company LLC includes our 9.19 percent indirect interest in a joint venture (“Dakota Access”) that owns and operates the Dakota Access Pipeline and Energy Transfer Crude Oil Pipeline projects, collectively referred to as the Bakken Pipeline system or DAPL.
[5]
During the nine months ended September 30, 2020, we contributed our ownership in Wink to Webster Pipeline LLC to W2W Holdings LLC.
[6]
Within the total segment revenues and other income amounts presented above, third party revenues for the L&S segment were $139 million and $443 million for the three and nine months ended September 30, 2020, respectively, and $182 million and $498 million for the three and nine months ended September 30, 2019, respectively. Third party revenues for the G&P segment were $858 million and $1,181 million for the three and nine months ended September 30, 2020, respectively, and $843 million and $2,581 million for the three and nine months ended September 30, 2019, respectively.
[7]
Includes the impact of any basis differential amortization or accretion in addition to the impairment of $1,264 million.
[8]
Includes the impact of any basis differential amortization or accretion.