Equity Method Investments (Tables)

12 Months Ended

Dec. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Investments in Affiliates

Equity method investments comprise the following as of the dates indicated:  

	December 31,
	2021			2020
	Ownership	Amount		Ownership	Amount
Mattox	79.0%	$	156	79.0%	$	163
Amberjack – Series A / Series B	75.0% / 50.0%	359		75.0% / 50.0%	382
Mars	71.5%	150		71.5%	152
Bengal	50.0%	85		50.0%	88
Permian Basin	50.0%	80		50.0%	83
LOCAP	41.48%	15		41.48%	12
Explorer	38.59%	68		38.59%	73
Poseidon	36.0%	—		36.0%	—
Colonial	16.125%	32		16.125%	29
Proteus	10.0%	13		10.0%	14
Endymion	10.0%	16		10.0%	17
		$	974		$	1,013

Schedule Of Equity Investments In Affiliates Balance Affected Table

Earnings from our equity method investments were as follows during the periods indicated:

	For the Year Ended December 31,
	2021		2020		2019
Mattox (1)	$	60	$	45	$	—
Amberjack	106		102		125
Mars	83		114		126
Bengal	9		18		24
Explorer (2)	61		44		41
Colonial (2)	18		75		40
Poseidon (3)	—		—		—
Other (4)	15		19		17
	$	352	$	417	$	373

(1) We acquired an interest in Mattox in the April 2020 Transaction. The acquisition of this interest has been accounted for prospectively.

(2) We acquired additional interests in Explorer and Colonial in the June 2019 Acquisition. The acquisition of these interests has been accounted for prospectively.

(3) As stated below, the equity method of accounting has been suspended since early 2018 for Poseidon and excess distributions are recorded in Other income.

(4) Included in Other is the activity associated with our investments in Permian Basin, LOCAP, Proteus and Endymion.

Summary of Balance Sheet and Income Statement Data for Equity Method Investments

The following tables present aggregated selected balance sheet and income statement data for our equity method investments on a 100% basis. However, during periods in which an acquisition occurs, the selected balance sheet and income statement data reflects activity from the date of the acquisition.

 

	For the Year Ended December 31, 2021
	Total revenues		Total operating expenses		Operating income		Net income
Statements of Income
Mattox	$	88	$	12	$	76	$	76
Amberjack	271		66		205		203
Mars	211		91		120		120
Bengal	46		29		17		17
Explorer	405		178		227		165
Colonial	1,304		1,002		302		123
Poseidon	134		37		97		93
Other (1)	213		126		87		82

	As of December 31, 2021
	Current assets		Non-current assets		Total assets		Current liabilities		Non-current liabilities		Equity (deficit)		Total liabilities and equity (deficit)
Balance Sheets
Mattox	$	11	$	195	$	206	$	—	$	9	$	197	$	206
Amberjack	53		786		839		5		134		700		839
Mars	50		245		295		26		79		190		295
Bengal	28		164		192		11		—		181		192
Explorer	85		574		659		54		508		97		659
Colonial	695		3,008		3,703		307		3,503		(107)		3,703
Poseidon	18		167		185		8		232		(55)		185
Other (1)	33		871		904		43		459		402		904

(1) Included in Other is the activity associated with our investments in Permian Basin, LOCAP, Proteus and Endymion.

	For the Year Ended December 31, 2020
	Total revenues		Total operating expenses		Operating income		Net income
Statements of Income
Mattox (1)	$	66	$	9	$	57	$	57
Amberjack	280		78		202		201
Mars	259		97		162		163
Bengal	65		30		35		35
Explorer	329		175		154		119
Colonial	1,395		660		735		473
Poseidon	147		36		111		105
Other (2)	220		123		97		88

	As of December 31, 2020
	Current assets		Non-current assets		Total assets		Current liabilities		Non-current liabilities		Equity (deficit)		Total liabilities and equity (deficit)
Balance Sheets
Mattox (1)	$	13	$	204	$	217	$	—	$	12	$	205	$	217
Amberjack	44		836		880		10		124		746		880
Mars	47		269		316		23		103		190		316
Bengal	33		161		194		7		—		187		194
Explorer	74		537		611		49		459		103		611
Colonial	501		3,105		3,606		245		3,508		(147)		3,606
Poseidon	31		176		207		10		238		(41)		207
Other (2)	35		920		955		56		486		413		955

(1) Our interest in Mattox was acquired in the April 2020 Transaction. Mattox’s total revenues, total operating expenses and operating income (on a 100% basis) were $85 million, $12 million and $73 million, respectively.

(2) Included in Other is the activity associated with our investments in Permian Basin, LOCAP, Proteus and Endymion.

	For the Year Ended December 31, 2019
	Total revenues		Total operating expenses		Operating income		Net income
Statements of Income
Amberjack	$	315	$	73	$	242	$	243
Mars	282		104		178		179
Bengal	77		30		47		47
Explorer (1)	258		115		143		111
Colonial (2)	829		449		380		255
Poseidon	132		35		97		87
Other (3)	190		108		82		73

	As of December 31, 2019
	Current assets		Non-current assets		Total assets		Current liabilities		Non-current liabilities		Equity (deficit)		Total liabilities and equity (deficit)
Balance Sheets
Amberjack	$	56	$	804	$	860	$	4	$	32	$	824	$	860
Mars	57		173		230		8		22		200		230
Bengal	35		157		192		6		—		186		192
Explorer (1)	93		530		623		44		442		137		623
Colonial (2)	323		2,920		3,243		519		2,873		(149)		3,243
Poseidon	30		190		220		16		246		(42)		220
Other (3)	60		917		977		73		469		435		977

(1) Our interest in Explorer was acquired on June 6, 2019. Explorer total revenues, total operating expenses and operating income (on a 100% basis) was $443 million, $196 million and $247 million, respectively.

(2) Our interest in Colonial was acquired on June 6, 2019. Colonial total revenues, total operating expenses and operating income (on a 100% basis) was $1,437 million, $735 million and $702 million, respectively.

(2) Included in Other is the activity associated with our investments in Permian Basin, LOCAP, Proteus and Endymion.