XML 67 R42.htm IDEA: XBRL DOCUMENT v3.25.4
Goodwill and Intangible Assets, net (Tables)
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Goodwill balances and activity for the years ended December 31, 2025 and 2024 consisted of the following:
Segment
Fuel DistributionPipeline SystemsTerminalsRefineryConsolidated
(in millions)
Balance at December 31, 2023$1,362 $— $237 $— $1,599 
West Texas Sale(138)— — — (138)
NuStar Acquisition16 — — — 16 
Balance at December 31, 20241,240 — 237 — 1,477 
Parkland Acquisition1,070 38 — 420 1,528 
Other15 — — 21 
Balance at December 31, 2025$2,325 $38 $237 $426 $3,026 
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets
Gross carrying amounts and accumulated amortization for each major class of intangible assets, excluding goodwill, consisted of the following:
 December 31, 2025December 31, 2024
 Gross
Carrying
Amount
Accumulated
Amortization
Net
Book Value
Gross
Carrying
Amount
Accumulated
Amortization
Net
Book Value
Indefinite-lived      
Tradenames$606 $— $606 $302 $— $302 
Finite-lived
Customer relations including supply agreements2,241 520 1,721 721 477 244 
Other intangibles93 84 
Intangible assets, net$2,940 $529 $2,411 $1,031 $484 $547 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
As of December 31, 2025, the Partnership’s estimate of amortization for each of the five succeeding fiscal years and thereafter for finite-lived intangibles was as follows:
 Amortization
2026$124 
2027124 
2028124 
2029120 
2030118 
Thereafter1,195 
Total$1,805