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Revenue (Tables)

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

The following tables disaggregate total revenues by major source from contracts with customers and the gain (loss) on derivative activity for the three months ended March 31, 2020 and 2019.



	Three Months Ended March 31, 2020
	Gathering and Processing		Transportation and Storage		Eliminations			Total

	(In millions)
Revenues:
Product sales:
Natural gas	$	56	$	73	$	(60	)	$	69
Natural gas liquids	172		2		(2		)	172
Condensate	27		—		—			27
Total revenues from natural gas, natural gas liquids, and condensate	255		75		(62		)	268
Gain on derivative activity	20		—		—			20
Total Product sales	$	275	$	75	$	(62	)	$	288
Service revenues:
Demand revenues	$	39	$	142	$	—		$	181
Volume-dependent revenues	163		17		(1		)	179
Total Service revenues	$	202	$	159	$	(1	)	$	360
Total Revenues	$	477	$	234	$	(63	)	$	648



	Three Months Ended March 31, 2019
	Gathering and Processing			Transportation and Storage			Eliminations			Total

	(In millions)
Revenues:
Product sales:
Natural gas	$	128		$	162		$	(141	)	$	149
Natural gas liquids	270			6			(6		)	270
Condensate	34			—			—			34
Total revenues from natural gas, natural gas liquids, and condensate	432			168			(147		)	453
Loss on derivative activity	(9		)	(1		)	—			(10		)
Total Product sales	$	423		$	167		$	(147	)	$	443
Service revenues:
Demand revenues	$	60		$	131		$	—		$	191
Volume-dependent revenues	147			18			(4		)	161
Total Service revenues	$	207		$	149		$	(4	)	$	352
Total Revenues	$	630		$	316		$	(151	)	$	795

Schedule of Accounts Receivable

The following table summarizes the components of accounts receivable, net of allowance for doubtful accounts.



	March 31, 2020		December 31, 2019

	(In millions)
Accounts Receivable:
Customers	$	176	$	239
Contract assets ⁽¹⁾	26		18
Non-customers	7		12
Total Accounts Receivable ⁽²⁾	$	209	$	269

____________________

(1)

Contract assets reflected in Total Accounts Receivable include accrued minimum volume commitments. Contract assets are primarily attributable to revenues associated with estimated shortfall volumes on certain annual minimum volume commitment arrangements. Total Accounts Receivable does not include $7 million of contracts assets related to firm service transportation contracts with tiered rates, which are reflected in Other Assets.

(2)

Total Accounts Receivable includes Accounts receivable, net of allowance for doubtful accounts and Accounts receivable—affiliated companies.

Summary of Timing Recognition of Contract Liabilities

The table below summarizes the change in the contract liabilities.



	March 31, 2020		December 31, 2019		Amounts recognized in revenues

	(In millions)
Deferred revenues ⁽¹⁾	$	47	$	48	$	19

The table below summarizes the timing of recognition of these contract liabilities as of March 31, 2020.



	2020		2021		2022		2023		2024 and After
	(In millions)
Deferred revenues ⁽¹⁾	$	22	$	6	$	6	$	6	$	7

Summary of Timing Recognition of Remaining Performance Obligations

The table below summarizes the timing of recognition of the remaining performance obligations as of March 31, 2020.



	2020		2021		2022		2023		2024 and After
	(In millions)
Transportation and Storage	$	343	$	308	$	240	$	225	$	702
Gathering and Processing	90		121		123		121		313
Total remaining performance obligations	$	433	$	429	$	363	$	346	$	1,015

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The table below summarizes the change in the contract liabilities.



	March 31, 2020		December 31, 2019		Amounts recognized in revenues

	(In millions)
Deferred revenues ⁽¹⁾	$	47	$	48	$	19