XML 38 R26.htm IDEA: XBRL DOCUMENT v3.20.2
Revenue (Tables)
9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following tables disaggregate total revenues by major source from contracts with customers and the gain (loss) on derivative activity for the three and nine months ended September 30, 2020 and 2019.
Three Months Ended September 30, 2020
Gathering and
Processing
Transportation
and Storage
EliminationsTotal
(In millions)
Revenues:
Product sales:
Natural gas
$58 $77 $(68)$67 
Natural gas liquids
208 2 (2)208 
Condensate
15 — — 15 
Total revenues from natural gas, natural gas liquids, and condensate
281 79 (70)290 
Loss on derivative activity
(10)— — (10)
Total Product sales$271 $79 $(70)$280 
Service revenues:
Demand revenues
$32 $116 $— $148 
Volume-dependent revenues
160 10 (2)168 
Total Service revenues$192 $126 $(2)$316 
Total Revenues$463 $205 $(72)$596 
Three Months Ended September 30, 2019
Gathering and
Processing
Transportation
and Storage
EliminationsTotal
(In millions)
Revenues:
Product sales:
Natural gas
$69 $95 $(69)$95 
Natural gas liquids
191 5 (5)191 
Condensate
26 — — 26 
Total revenues from natural gas, natural gas liquids, and condensate
286 100 (74)312 
Gain on derivative activity
8 — — 8 
Total Product sales$294 $100 $(74)$320 
Service revenues:
Demand revenues
$97 $119 $— $216 
Volume-dependent revenues
151 15 (3)163 
Total Service revenues$248 $134 $(3)$379 
Total Revenues$542 $234 $(77)$699 
Nine Months Ended September 30, 2020
Gathering and
Processing
Transportation
and Storage
EliminationsTotal
(In millions)
Revenues:
Product sales:
Natural gas
$161 $207 $(181)$187 
Natural gas liquids
523 7 (7)523 
Condensate
49 — — 49 
Total revenues from natural gas, natural gas liquids, and condensate
733 214 (188)759 
Gain (loss) on derivative activity
6 (1)— 5 
Total Product sales$739 $213 $(188)$764 
Service revenues:
Demand revenues
$105 $371 $— $476 
Volume-dependent revenues
487 38 (6)519 
Total Service revenues$592 $409 $(6)$995 
Total Revenues$1,331 $622 $(194)$1,759 
Nine Months Ended September 30, 2019
Gathering and
Processing
Transportation
and Storage
EliminationsTotal
(In millions)
Revenues:
Product sales:
Natural gas
$291 $365 $(305)$351 
Natural gas liquids
698 16 (16)698 
Condensate
93 — — 93 
Total revenues from natural gas, natural gas liquids, and condensate
1,082 381 (321)1,142 
Gain on derivative activity
14 — — 14 
Total Product sales$1,096 $381 $(321)$1,156 
Service revenues:
Demand revenues
$225 $373 $— $598 
Volume-dependent revenues
438 48 (11)475 
Total Service revenues$663 $421 $(11)$1,073 
Total Revenues$1,759 $802 $(332)$2,229 
Schedule of Accounts Receivable
The following table summarizes the components of accounts receivable, net of allowance for doubtful accounts.
September 30, 2020December 31, 2019
(In millions)
Accounts Receivable:
Customers$233 $239 
Contract assets (1)
3 18 
Non-customers5 12 
Total Accounts Receivable (2)
$241 $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 contract assets related to firm service transportation contracts with tiered rates of $9 million as of September 30, 2020 and $6 million as of December 31, 2019, which are reflected in Other Assets.
(2)Total Accounts Receivable includes Accounts receivable, net of allowance for doubtful accounts and Accounts receivable—affiliated companies.
[1],[2]
Summary of Timing Recognition of Contract Liabilities
The table below summarizes the change in the contract liabilities.
September 30, 2020December 31, 2019Amounts recognized in revenues
(In millions)
Deferred revenues (1)
$44 $48 $23 

The table below summarizes the timing of recognition of these contract liabilities as of September 30, 2020.
20202021202220232024 and After
(In millions)
Deferred revenues (1)
$17 $7 $6 $6 $8 
____________________
(1)Deferred revenues includes deferred revenue—affiliated companies. This amount is included in Other current liabilities and Other long-term liabilities.
[3]
Summary of Timing Recognition of Remaining Performance Obligations The table below summarizes the timing of recognition of the remaining performance obligations as of September 30, 2020.
20202021202220232024 and After
(In millions)
Transportation and Storage$119 $419 $350 $326 $1,187 
Gathering and Processing31 121 123 121 313 
Total remaining performance obligations$150 $540 $473 $447 $1,500 
[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 contract assets related to firm service transportation contracts with tiered rates of $9 million as of September 30, 2020 and $6 million as of December 31, 2019, which are reflected in Other Assets.
[2] Total Accounts Receivable includes Accounts receivable, net of allowance for doubtful accounts and Accounts receivable—affiliated companies.
[3] Deferred revenues includes deferred revenue—affiliated companies. This amount is included in Other current liabilities and Other long-term liabilities.