Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Schedule of Components of Property and Equipment, Net

Property and equipment, net is stated at cost and consisted of the following (in millions):

	Estimated Useful Lives (Years)	December 31,
		2023		2022
Crude oil pipeline systems	10 - 50	$	14,265	$	13,338
Crude oil storage and terminal facilities	10 - 50	2,664		2,631
NGL storage, terminal, fractionation and processing facilities	10 - 50	2,554		2,445
NGL pipeline systems	10 - 50	506		458
Office property and equipment and rolling stock	2 - 50	556		656
Construction in progress	N/A	257		201
Land and other	N/A	341		326
Property and equipment, gross (1)		21,143		20,055
Accumulated depreciation		(5,361)		(4,802)
Property and equipment, net		$	15,782	$	15,253

(1)We include rights-of-way, which are intangible assets, within property and equipment.