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Derivatives (Tables)
 12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Swaps During 2021 and 2020, we terminated a portion of the interest rate swaps in several increments in connection with repayments of the Term Loan, which was one of our floating-rate, LIBOR-based borrowings, and the remaining interest rate swaps expired on December 10, 2021. The following table presents the interest rate swaps terminations and the associated cash payments during 2021 and 2020 (in millions):
Interest Rate Swaps TerminationsCash Payments Associated with Interest Rate Swaps Terminations
December 2021$150.0 $— 
September 2021100.0 0.5 
May 2021100.0 1.3 
December 2020500.0 10.9 
Total termination of interest rate swaps$850.0 $12.7 
The following table presents the interest rate swaps terminations and the associated cash payments during 2021 and 2020 (in millions):
Interest Rate Swaps TerminationsCash Payments Associated with Interest Rate Swaps Terminations
December 2021$150.0 $— 
September 2021100.0 0.5 
May 2021100.0 1.3 
December 2020500.0 10.9 
Total termination of interest rate swaps$850.0 $12.7 
Components of Gain (Loss) on Derivative Activity
The components of the unrealized gain (loss) on designated cash flow hedge related to changes in the fair value of our interest rate swaps were as follows (in millions):
Year Ended December 31,
202220212020
Change in fair value of interest rate swaps$1.9 $18.2 $(5.6)
Tax benefit (expense)(0.5)(4.3)1.3 
Unrealized gain (loss) on designated cash flow hedge$1.4 $13.9 $(4.3)

The interest expense, recognized from accumulated other comprehensive loss from the monthly settlement of our interest rate swaps and amortization of the termination payments, included in our consolidated statements of operations were as follows (in millions):
Year Ended December 31,
202220212020
Interest expense$1.9 $18.3 $14.5 
The components of gain (loss) on derivative activity in the consolidated statements of operations related to commodity derivatives are (in millions):
Year Ended December 31,
202220212020
Change in fair value of derivatives$40.2 $(12.4)$(10.5)
Realized loss on derivatives(25.9)(146.7)(11.5)
Gain (loss) on derivative activity$14.3 $(159.1)$(22.0)
Fair Value of Derivative Assets and Liabilities Related to Commodity Swaps
The fair value of derivative assets and liabilities related to commodity derivatives are as follows (in millions):
December 31, 2022December 31, 2021
Fair value of derivative assets—current$68.4 $22.4 
Fair value of derivative assets—long-term2.9 0.2 
Fair value of derivative liabilities—current(42.9)(34.9)
Fair value of derivative liabilities—long-term(2.7)(2.2)
Net fair value of commodity derivatives$25.7 $(14.5)
Notional Amount and Fair Value of Derivative Instruments
Set forth below are the summarized notional volumes and fair values of all instruments related to commodity derivatives that we held for price risk management purposes and the related physical offsets at December 31, 2022 (in millions, except volumes). The remaining term of the contracts extend no later than January 2027.
December 31, 2022
Commodity
Instruments
Unit
Volume
Net Fair Value
NGL (short contracts)SwapsMMgals(138.4)$14.5 
Natural gas (short contracts)Swaps and futuresBbtu(52.2)40.9 
Natural gas (long contracts)Swaps and futuresBbtu25.7 (29.1)
Crude and condensate (short contracts)Swaps and futuresMMbbls(5.5)2.7 
Crude and condensate (long contracts)Swaps and futuresMMbbls1.6 (3.3)
Total fair value of commodity derivatives$25.7