XML 62 R23.htm IDEA: XBRL DOCUMENT v3.20.1
Reportable Segments
 3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Reportable Segments Reportable Segments

The Partnership’s determination of reportable segments considers the strategic operating units under which it manages sales, allocates resources and assesses performance of various products and services to customers in differing regulatory environments. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies excerpt in the Partnership’s audited 2019 consolidated financial statements included in the Annual Report. The Partnership uses operating income as the measure of profit or loss for its reportable segments.

The Partnership’s assets and operations are organized into two reportable segments: (i) gathering and processing, which primarily provides natural gas and crude oil gathering and natural gas processing services to our producer customers, and (ii) transportation and storage, which provides interstate and intrastate natural gas pipeline transportation and storage service primarily to our producer, power plant, LDC and industrial end-user customers.

Financial data for reportable segments are as follows:
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2020
Gathering and
Processing
 
Transportation (1)
and Storage
 
Eliminations
 
Total
 
 
 
 
 
 
 
 
 
(In millions)
Product sales
$
275

 
$
75

 
$
(62
)
 
$
288

Service revenues
202

 
159

 
(1
)
 
360

Total Revenues
477

 
234

 
(63
)
 
648

Cost of natural gas and natural gas liquids (excluding depreciation and amortization shown separately)
211

 
78

 
(63
)
 
226

Operation and maintenance, General and administrative
81

 
45

 
—

 
126

Depreciation and amortization
74

 
30

 
—

 
104

Impairments
28

 
—

 
—

 
28

Taxes other than income tax
11

 
7

 
—

 
18

Operating income
$
72

 
$
74

 
$
—

 
$
146

Total Assets
$
9,659

 
$
5,702

 
$
(3,244
)
 
$
12,117

Capital expenditures
$
34

 
$
20

 
$
—

 
$
54

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2019
Gathering and
Processing
 
Transportation (1)
and Storage
 
Eliminations
 
Total
 
 
 
 
 
 
 
 
 
(In millions)
Product sales
$
423

 
$
167

 
$
(147
)
 
$
443

Service revenues
207

 
149

 
(4
)
 
352

Total Revenues
630

 
316

 
(151
)
 
795

Cost of natural gas and natural gas liquids (excluding depreciation and amortization shown separately)
360

 
169

 
(151
)
 
378

Operation and maintenance, General and administrative
84

 
45

 
—

 
129

Depreciation and amortization
74

 
31

 
—

 
105

Taxes other than income tax
11

 
7

 
—

 
18

Operating income
$
101

 
$
64

 
$
—

 
$
165

Total assets as of December 31, 2019
$
9,739

 
$
5,886

 
$
(3,359
)
 
$
12,266

Capital expenditures
$
107

 
$
36

 
$
—

 
$
143

_____________________
(1)
See Note 8 for discussion regarding ownership interests in SESH and related equity earnings included in the transportation and storage segment for the three months ended March 31, 2020 and 2019.
 [1]
[1]
See Note 8 for discussion regarding ownership interests in SESH and related equity earnings included in the transportation and storage segment for the three months ended March 31, 2020 and 2019.